THPA SA: Announcement for Financial Results for 1st Half of 2026
Financial Results of the 1st half of 2026 – Increase in revenue and profitability
Thessaloniki Port Authority S.A. (“ThPA S.A.” or the “Company”), the operator of the port of Thessaloniki, member of the Core Network of the Trans-European Transport Network and a port of International Interest, with an active role in economic activity in the wider region of Southeastern and Central Europe, announced the financial results for the 1st half of 2026.
Specifically, following the approval of the semi-Annual, Interim Condensed Financial Statements from the Board of Directors (BoD) on 25.09.2026, the consolidated revenue of the Group for the 1st half of 2026 increased by 8,9% to € 58 mil., from € 53,3 mil. for the 1st half of 2025.
Regarding revenue segment analysis, Container Terminal recorded a significant revenue increase of 12,1% (to € 43,6 mil. from € 38,9 mil.), Conventional Cargo Terminal depicted a low decrease of 3,4% (to € 11 mil. from € 11,4 mil.), primarily due to a shift in the market and the further unitization of cargoes, the Real Estate sector recorded a significant increase of 22,9% (to € 2,7 mil. from € 2,2 mil.) and passenger traffic (cruise & ferry) posted a small decrease of 4% (to € 0,7 mil. from € 0,73 mil.). Regarding Group profitability, a net increase was posted at all levels: Gross Profit increased by 5,5%, to € 26,5 mil. from € 25,1 mil., Operating Profit (EBITDA) increased by 4,9% to € 26,1 mil. from € 24,9 mil. and Group Net Profit after Tax increased by 3,5%, to € 16,5 mil. from € 15,9 mil.
The Capital Expenditure (CapEx) program for the 1st half of 2026 amounts to € 16 mil., marking a significant increase from the amount of € 5,2 mil. in the corresponding period of 2025, with the completion of the purchase of the eight new yard stacking equipment (straddle carriers), various port equipment and the commencement of works on the Pier 6 expansion project, while CapEx it is expected to increase further in the 2nd half with the ongoing implementation of the investment plan.
The Semi-Annual Financial Report of Thpa S.A. is available at the link: https://www.thpa.gr/financialresults/ ThPA S.A.
Dr. Ioannis Tsaras, stated in this regard: “The strong financial and operational performance of the first half of 2026, following a particularly successful year, confirms the steady growth path of ThPA S.A. Those are the evidence of the consistency with which our vision defines the strategic direction, and this is transformed into tangible results. The daily, consistent effort of the Company’s people, who lead every step of this progress, is decisive in this path. At the same time, we focus on the implementation of our investment plan, the most important part of which is strengthening our mechanical equipment and, mainly, maintaining the dynamic pace of the construction of the extension of Pier 6. With eight caissons already in place and the ninth under construction, the most significant investment in the history of the Port of Thessaloniki has already clear and visible proof, consisting of the most tangible expression of the transformation that is taking place. We continue with consistency and dedication, strengthening the Port’s operational capabilities, the competitiveness and the economic identity of Thessaloniki as a strategic trade and intermodal transport gateway for Southeastern and Central Europe.“
