Thessaloniki Port Authority announced financial results for the first half of 2025.
Following Board of Directors approval of the Semi-Annual Financial Report on 25.09.2025, the Group’s consolidated revenue for the first half of 2025 increased by 10.2% to €53.3 million, from €48.3 million for the first half of 2024.
All major business areas at group level demonstrated revenue growth. The container terminal achieved significant revenue increase of 13.2% (to €38.9 million from €34.3 million), the conventional cargo terminal increased by 4.5% (to €11.4 million from €10.9 million), and the real estate sector and passenger traffic (cruise and ferry) sectors also recorded increases of 3.1% and 28.4% respectively (to €2.2 million and €0.7 million respectively, from €2.1 million and €0.6 million).
Understanding these financial results requires recognizing how port operations generate revenue across multiple business streams.
Container terminals earn revenue through handling fees per container moved, while conventional cargo operations charge based on tonnage and storage.
Real estate revenue comes from leasing port land and facilities to logistics companies, and passenger traffic generates income from cruise ship calls and ferry operations.
Regarding Group performance, there was net profitability increase at all levels.
Gross Profits increased by 12.1% to €25.1 million from €22.4 million, Operating Profits (EBITDA) increased by 19.7% to €24.9 million from €20.8 million, and Net Profits after taxes increased by 16.7% to €15.9 million from €13.6 million.
The capital expenditure plan for the first half of 2025 reached €5.2 million, increased from €2.8 million in the first half of 2024, with expectations for further acceleration in the second half following the contract signing for Pier 6 expansion and remaining investment plan implementation.
This capital expenditure pattern reflects a strategic approach where ports must continuously invest in infrastructure to maintain competitiveness.
Port expansions like Pier 6 typically involve extending quay length, deepening berths to accommodate larger vessels, and adding cargo handling equipment investments that generate returns over decades.
ThPA S.A. CEO Dr. Ioannis Tsaras commented that the strong first half performance reflects ThPA S.A.’s consistently growing trajectory and reaffirms our commitment to the multi-level upgrade of the Port of Thessaloniki.He added that they continue consistent implementation of our investment plan, with Pier 6 expansion at its core.
The strategic significance of these results extends beyond financial metrics.
Thessaloniki’s geographic position makes it a natural gateway between Europe and the Balkans, capitalizing on trade flows that bypass more congested Northern European ports.
The diverse revenue streams demonstrate operational resilience when one sector faces challenges, others can compensate, creating stability that attracts long-term shipping partnerships.
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