Piraeus Port Authority (PPA SA) announced its financial results for the first half of 2025, recording a positive trend in revenues and profits, in an environment that remains particularly demanding for shipping and international trade. Total revenue amounted to USD 143.9 million, 14.7% more than the USD 125.5 million in the same period of 2024.
This change was mainly due to increased revenue in the container and cruise sectors, as well as the consideration for the concession of Piers II and III, while a decrease was recorded in the automotive, shipbuilding and coastal shipping sectors, with the decline in the latter being attributed to the 50% reduction in port rates starting in May 2025.
Net profit after taxes amounted to USD 54.7 million, compared to USD 47.3 million in the first half of 2024, representing a growth of 15.3%. During the same period, PPA SA made investments worth USD 56.3 million in infrastructure and equipment projects, while reducing its bank debt to zero through the early repayment of two loans.
Total assets amounted to USD 799.7 million, representing an increase of 3% compared to the end of 2024.
The CEO of PPA SA, Su Xudong, stated that “the results for the first half of 2025 demonstrate the stability and capability of the Port of Piraeus to respond to an international environment with numerous challenges. Our growth is linked to the green transition strategy we are following, with specific investments and initiatives that reduce our environmental footprint and strengthen our sustainable operation.”
“The continued recognition of PPA 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 continue investing steadily in the modernization of the port and the improvement of our services, while simultaneously contributing to the economy, society and the environment,” Xudong added.
