The organisation managing Thessaloniki's port reported its 2025 financial results, outlining strong performance despite external pressures on global supply chains.
According to the ThPA S.A. (Thessaloniki Port Authority) announcement, revenue, container throughput, and profitability reached their highest levels to date. Container traffic rose to 617,000 TEUs, an increase of 51,000 TEUs or 9.1% compared with 2024, with the upward trend continuing. By contrast, conventional cargo handling declined to 2.8 million tonnes, down by 398,000 tonnes or 12.5% year-on-year, which the company attributed to broader trends in the Balkan conventional cargo market.
Group revenue reached approximately €107.4 million in 2025, up from €100.7 million in 2024, marking an increase of €6.7 million or 6.7%. The increase was driven primarily by higher container terminal revenues, which rose by €8 million, or 11.3%. Revenue from the conventional port segment decreased by €1.3 million or 5.5%. Income from property exploitation rose by €0.2 million or 5%, while passenger traffic revenue increased by €0.3 million or 21.9%, despite what the announcement described as slightly declining cruise arrivals.
In terms of profitability, gross profit reached €50.3 million, up from €47.1 million in 2024, an increase of €3.3 million, or 7%. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to €48.2 million from €42.6 million, up €5.6 million or 13.1%, with an EBITDA margin of 44.9%, which the company stated was significantly above the average of previous years. Net profit after tax increased to €30.8 million from €28 million, up 9.7%, while earnings per share reached €3.06 compared with €2.78 in 2024. The board of directors will propose a dividend of €2.20 per share for 2025, up 10% year-on-year, subject to approval at the annual general meeting on 12 May 2026.
The company also reported that, from its privatisation in March 2018 to December 2025, mandatory investments totalled €22.5 million, primarily in mechanical equipment, as certified by an independent engineer. Additional investments exceeded €67.1 million over the same period, including infrastructure upgrades, warehouse and building improvements, equipment purchases and IT systems aimed at further digitalisation. Total investments over this period exceeded €89.6 million, of which €12 million was invested in 2025.
Looking ahead, the company noted that a significant increase in investment is expected between 2026 and 2030, linked to the expansion of Pier 6 following the signing of a contract with the METKA-TEKAL consortium in November 2025. It also reported strong liquidity levels, supported by operating cash flows exceeding €34.8 million in 2025, compared with €35.9 million in 2024.
ThPA's Chief Executive Officer, Dr Ioannis Tsaras, said that "2025 was a milestone year for the company, as we combined record-high performance with the launch of the most significant development project in the modern history of the Port of Thessaloniki, the expansion of Pier 6."
He added that the project will "more than double the capacity of the container terminal," allowing the port to serve more vessels simultaneously, including Ultra Large Container Vessels of up to 24,000 TEU, while strengthening its role in international supply chains.
