According to the Organization, the port’s development plan has officially entered its implementation phase, following the approval and publication of the updated Master Plan in the Government Gazette earlier this year. Among the strategic investments outlined in the plan, the expansion of Pier 6 is of central importance. On July 22, 2025, the preliminary works contract was signed with the selected contractor — the consortium of METKA ATE and TEKAL AE. The final contract for the project is expected to be finalized and signed in the near future.
During the same period, a long-term sub-concession agreement was concluded between Thessaloniki Port Authority S.A. (OLTH S.A.), Dimera Land & Property Investments Ltd., and the Ministry of Justice. The agreement concerns the lease of approximately 9,000 square meters within the Thessaloniki Port area, which will be used to house the new facilities of the Thessaloniki Court of Appeals.
Financial Performance
The Group delivered strong financial results across all key business areas. Revenue at the container terminal increased by 13.2%, reaching €38.9 million, compared to €34.3 million in the same period of the previous year. Revenue from the conventional cargo terminal rose by 4.5%, totaling €11.4 million, up from €10.9 million. The property management and passenger traffic segments — including cruise and coastal shipping services — also posted growth, with increases of 3.1% and 28.4% respectively, reaching €2.2 million and €0.7 million, compared to €2.1 million and €0.6 million.
Profitability also improved across the board. Gross profit rose by 12.1%, amounting to €25.1 million from €22.4 million. Operating profit (EBITDA) increased by 19.7%, reaching €24.9 million, compared to €20.8 million. Net profit after tax for the Group rose by 16.7%, totaling €15.9 million, up from €13.6 million in the previous year.
Capital Investment
Capital expenditure for the first half of 2025 amounted to €5.2 million, up from €2.8 million during the same period in 2024. This figure is expected to rise significantly in the second half of the year, driven by the signing of the main contract for the Pier 6 expansion project and the continued implementation of the Group’s broader investment program.
