Piraeus Port Authority (PPA) Q1 2026 earnings summary

Executive summary

• Maintained significant liquidity and advanced strategic investments despite global logistics volatility from Middle East tensions.

• Demonstrated resilience with stable profitability, though revenue and earnings declined year-over-year.

• Operational discipline and ongoing investment supported positive performance amid softer demand.

Financial highlights

• Revenue for Q1 2026 was €47.1m, down 8.7% year-over-year.

• EBITDA fell 20.1% to €20.7m; EBIT dropped 24.5% to €16.0m.

• Net income (EAT) decreased 29.3% to €12.1m.

• Gross profit declined 14.9% to €23.6m.

Outlook and guidance

• Management continues to monitor Middle East developments, assessing risks to shipping and trade.

• Strategic investments and operational discipline expected to support resilience amid ongoing uncertainty.