Piraeus Port Authority (PPA) S.A. achieved remarkable results for the fiscal year 2024, reaching record highs in revenue, profitability, and proposed dividends.
During the annual presentation at the Athens Stock Exchange, CEO Angelos Karakostas engaged in discussions with institutional investors and analysts.
For the fourth consecutive year, PPA S.A. marked the highest financial performance in its history, reporting revenues of 230.9 million euros—a 5.0% increase from 219.8 million euros in 2023. Pre-tax profits surged to 112.9 million euros, reflecting a 17.4% rise, while net profits after taxes reached 87.5 million euros, up 30.8% from 66.8 million euros the previous year.
Proposed Dividend of 1.92 Euros per Share
The company announced a proposed dividend of 1.92 euros per share, marking a 43.7% increase from the 2023 dividend of 1.34 euros, the largest distribution since its inception.
This outstanding financial performance spans all operational areas of the port of Piraeus, including cruise services, coastal shipping, the container terminal, car terminal, and ship repair facilities.
PPA S.A. remains committed to implementing its strategic development plan, which focuses on targeted investments and modernization projects to strengthen Piraeus’ status as one of the premier ports in the Mediterranean and Europe. Providing high-quality services is central to the company’s philosophy, positioning Piraeus as a vital hub for international maritime trade and tourism.
