Increase in revenues and profitability – Significant investments and loan repayment
OLP S.A. announced the financial results for the first half of 2025, recording a positive trajectory in revenues and profits, in an environment that remains particularly demanding for shipping and international trade.
Total revenues amounted to €122.8 million, increased by 14.7% compared to €107.1 million in the corresponding period of 2024. This change stemmed mainly from the rise in revenues in the container sector, the cruise sector, as well as the consideration from the concession of Piers II & III, while in the car, ship repair and coastal shipping sectors a decrease was recorded, with the drop in coastal shipping attributed to the 50% reduction in port duties as of May 2025.
Net profits after taxes amounted to €46.7 million, compared to €40.4 million in the first half of 2024, marking an increase of 15.3%. In the same period, OLP S.A. implemented investments of €48.1 million in infrastructure projects and equipment, while it zeroed out its bank borrowing through the early repayment of two loans. Total assets amounted to €682.4 million, showing an increase of 3.0% compared to the end of 2024.
The CEO of OLP S.A. Mr. Su Xudong stated: “The results of the first half of 2025 show the stability and capability of the Port of Piraeus to respond to an international environment with many challenges. Our growth is linked to the green transition strategy we are pursuing, with targeted investments and initiatives that reduce the environmental footprint and enhance our sustainable operation. The continuous recognition of OLP as one of the most sustainable companies in Greece, as well as our actions within the framework of ESG principles, confirm our commitment to balanced economic and social development. Our goal is to consistently continue investing in the modernization of the port and the improvement of our services, while contributing to the economy, society and the environment.”
The Management of OLP S.A. remains focused on implementing the strategic plan for the Port of Piraeus, with an emphasis on strengthening infrastructure, sustainable development and the continuous upgrade of services, so that Piraeus maintains its position among the most important ports in the Mediterranean and Europe.
OLP Press Release
