Piraeus Port Authority (PPA) Q3 2025 earnings summary

Executive summary

• Achieved continued revenue and profitability growth in the third quarter and first nine months of 2025, maintaining resilience amid ongoing challenges.

• Demonstrated strong liquidity and financial strength, even after full repayment of €26.5 million in bank loans and €48.0 million in dividend payments.

Financial highlights

• Nine-month 2025 revenue rose 11.3% year-over-year to €194.7 million; EBITDA up 8.0% to €111.5 million; EAT up 8.3% to €76.0 million.

• Q3 2025 revenue increased 6.0% year-over-year to €72.0 million; EBITDA up 0.7% to €42.2 million; EAT down 1.5% to €29.3 million.

• Shareholders’ equity grew 6.9% to €437.1 million as of September 30, 2025.

Outlook and guidance

• Maintains positive growth trajectory, supported by strong operational performance and effective cost management despite inflationary pressures.