PPA S.A. announced its financial results for the first half of 2025, reporting an increase in revenue and profitability, in a period that continues to be challenging for shipping and global trade.
Total revenue amounted to €122.8 million, representing a 14.7% increase compared to €107.1 million in the same period of 2024. The increase mainly came from the container and cruise sectors and the concession of piers II & III, while declines were recorded in the car terminal, ship repair and coastal shipping segments, with the decrease in coastal shipping attributed to the 50% reduction of port dues effective from May 2025.
Net profit after tax reached €46.7 million, compared to €40.4 million in the first half of 2024, an increase of 15.3%. During the same period, the company carried out investments of €48.1 million in infrastructure projects and equipment, while paying off its bank debt through the early repayment of two loans. Total assets amounted to €682.4 million, up 3.0% compared to year-end 2024.
PPA S.A.’s CEO, Mr. Su Xudong, stated: “The results for the first half of 2025 demonstrate the stability and capacity of the Port of Piraeus to operate effectively in an international environment marked by challenges. Our development is closely linked to the green transition strategy we are implementing, with targeted investments and initiatives that reduce our environmental footprint and strengthen sustainable operations. The consistent recognition of PPA as one of the most sustainable companies in Greece, along with our actions within the ESG framework, confirm our commitment to balanced economic and social development. Our goal is to continue investing steadily in the modernization of the port and the improvement of services, while contributing to the economy, society and the environment.”
The management of PPA S.A. remains committed to the implementation of its strategic development plan for the Port of Piraeus, focusing on infrastructure enhancement, sustainable growth and the continuous upgrading of services, ensuring that Piraeus maintains its position among the most important ports in the Mediterranean and Europe.
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 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 2024”.
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