PPA S.A.: Financial Results for Fiscal Year 2025 – Further Increase in Revenue and EBITDA – Stable Dividend Policy
Piraeus Port Authority S.A. announced its financial results for fiscal year 2025, reporting record-high revenue and EBITDA, as well as strong performance across its key business segments.
Total revenue amounted to €250.8 million, increased by 8.6% or €19.9 million compared to 2024. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached €132.3 million, marking an increase of 2.2%, while profit after tax amounted to €86.2 million, down by 1.5%. The results confirm the company’s strong resilience in a period of significant challenges. At the same time, cash and cash equivalents stood at €149.8 million as of 31 December 2025.
Management is proposing a dividend distribution of €1.896 per share, broadly in line with the corresponding dividend of €1.92 per share in 2024. The company maintains a stable dividend policy, distributing 55% of net profit as a return to shareholders.
Across the individual business segments, the cruise sector recorded a new all-time high in passenger traffic and revenue, which increased by 24.8%. Strategic planning and targeted partnerships further strengthened Piraeus’ position as a leading cruise hub in the Eastern Mediterranean.
The car terminal posted a slight revenue decrease of 5.4%, due to extraordinary storage revenues recorded in 2024. Significant increase was displayed in transshipment cargo, which rose by 17.6%, highlighting the segment’s competitiveness.
Pier I, which is directly managed by PPA S.A., recorded a 17.0% increase in revenue, as a result of higher cargo throughput, and for the first time in its history reported net profitability. Piers II and III recorded a 10.8% increase in revenue despite lower throughput, particularly in the second half of the year. Overall, activity in the container terminals demonstrated notable resilience, significantly increasing the total revenue of Piers I, II and III, despite the ongoing impact of the Red Sea crisis, which has kept the route via the Suez Canal closed.
In the ferry shipping sector, revenue decreased by 28.4% due to the reduction in port fees from May 2025, following a relevant request by the Ministry of Maritime Affairs and Insular Policy, aimed at maintaining ferry ticket prices, and in response to PPA S.A.’s positive contribution within the framework of Corporate Social Responsibility. The number of passengers and vehicles increased once again, confirming Piraeus’ crucial role as a key pillar of domestic ferry services and of the connectivity between mainland Greece and the islands.
The ship repair zone maintained strong activity in 2025; however, total revenue from ship repair operations declined by 7.2%, mainly due to the four-month maintenance shutdown of one of the docks.
The CEO of PPA S.A., Mr. Su Xudong, stated:
“The year 2025 confirmed the Company’s steady growth trajectory, delivering strong financial and operational performance. Despite a challenging international environment, we achieved new positive results, while continuing to invest systematically in the future of the port. This demonstrates the strength of our strategy and the dedication of PPA employees. We remain committed to consistently implementing our strategy, creating value for our shareholders and supporting the long-term growth of the port and the Greek economy”.
About PPA S.A.
Piraeus Port Authority SA is an Athens Stock Exchange listed company engaged in the management and operation of Piraeus port, Greece’s largest port and one of the largest integrated harbours in
Europe, providing a complete range of services. Some of the company’s activities involve cruise, coastal (ferry/passenger), container and car terminal services, as well as general cargo, ship repair, logistic and free zone services. The main shareholder of Piraeus Port Authority S.A., with a stake of 67 percent, is COSCO SHIPPING, one of the largest maritime companies in the world.
Over the last decade the company has experienced a remarkable growth in all port activities, which is still underway, largely contributing to the country’s economy, while driven by green development and increased digitalization, alongside a people-first approach and a spirit of giving back to the society.
PPA holds the ”ECO PORT” PERS status, is included in the Athens Stock Exchange ESG index and is one of the “Most Sustainable Companies in Greece 2025”.
For more information please visit https://olp.gr
