Piraeus Port Authority S.A., operator of Greece’s largest port, recorded the strongest financial results in its history in 2025, supported by higher revenue, record EBITDA, and strong activity in cruise and container operations.
The results underline the continued importance of the Port of Piraeus for Greece’s transport, trade, tourism, and logistics sectors, even as parts of the business faced pressure from regulatory decisions and a demanding international environment.
Greece’s Piraeus port results show revenue climbing to €250.8 million
PPA S.A. reported total revenue of €250.8 million ($295,6 million) in 2025, compared with €230.9 million ($272,1 million) in 2024. The increase amounted to €19.9 million ($23,4 million), or 8.6 percent year-on-year.
Earnings before interest, taxes, depreciation, and amortization, or EBITDA, reached €132.3 million ($155,6 million), up 2.2 percent from the previous year. Both revenue and EBITDA represented the highest levels ever recorded by the company.
Profit after tax came in at €86.2 million ($101,6 million), marking a slight decline of 1.5 percent. Despite the decrease in net profit, the company’s overall performance remained strong, reflecting the resilience of one of Greece’s most important port operators.
Shareholders to receive €1.896 per share
The proposed dividend for fiscal year 2025 stands at €1.896 per share ($2.235 per share). This corresponds to the distribution of 55 percent of net profit, in line with the company’s stable dividend policy.
The payout signals that PPA S.A. continues to return a significant share of earnings to investors while also maintaining its investment program for port infrastructure in Greece.
Cruise traffic reaches all-time high
One of the strongest areas of growth came from cruise activity. Passenger traffic in the cruise sector reached 1.86 million ($2,19 million) in 2025, the highest level ever recorded at the port.
The figure reinforces Piraeus’ role as a leading cruise hub in the Eastern Mediterranean, benefiting from Greece’s wider position as a major tourism destination and from the port’s connectivity with Athens and the Aegean islands.
The record also shows the growing importance of cruise operations within PPA S.A.’s broader business mix, as passenger flows continue to support port revenue and related economic activity in Greece.
Container terminal Pier I sets new record
The container terminal at Pier I also posted a historic performance. Throughput reached 664,581 TEU (Twenty-foot Equivalent Unit) in 2025, setting a new all-time record for the terminal.
The result highlights the strategic role of Piraeus in regional container transport and logistics, as well as Greece’s position in Eastern Mediterranean trade routes.
Together, the cruise and container figures show that the port’s record financial performance was not driven by a single activity, but by gains across key operational areas.
Greece’s Piraeus Port results weighed down by ferry fee reduction
The strong full-year performance came despite a sharp fall in revenue from ferry shipping. Revenue in the ferry sector declined by 28.4 percent in 2025.
The drop followed a reduction in port fees from May 2025, introduced after a request by Greece’s Ministry of Maritime Affairs and Insular Policy. The measure was aimed at helping contain ferry ticket prices.
PPA S.A. accepted the reduction as part of its corporate social responsibility contribution, even though it weighed on revenue from one of the port’s traditional passenger activities.
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