Piraeus Port Authority (PPA) Q1 2025 earnings summary

Executive summary

• Achieved steady growth in Q1 2025, with significant revenue and profitability improvements despite ongoing economic challenges.

• All major business segments contributed to revenue growth, especially container, cruise, and ferry terminals.

Financial highlights

• Revenue increased by 14.6% year-over-year to €51.6 million in Q1 2025.

• EBITDA rose 14.2% to €26.0 million; EAT (net income) up 23.0% to €17.1 million compared to Q1 2024.

• Gross profit reached €27.9 million, up from €23.7 million in Q1 2024.

• Shareholders’ equity grew 4.2% to €426.1 million as of March 31, 2025.

Outlook and guidance

• Continued investment in infrastructure and operations, with €16.1 million invested in Q1 2025.

• Management expects ongoing growth, supported by strong liquidity and positive cash flow.