Athens Water stock fell 1.13 percent as H1 profit returned
Published on 10/05/2026 at 17:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Athens Water stock fell 1.13 percent to EUR 12.28 on October 2, 2026, as the company’s first-half recovery met a market still weighing tariff-driven growth against execution risks. The Athens Water Supply and Sewerage Company reported EUR 203.2 million in H1 2026 revenue and EUR 17.1 million in net profit on September 24, 2026, according to EYDAP.
Tariffs restore first-half profitability
The H1 figures mark a sharp change from the prior-year period. Revenue rose 17.3 percent from EUR 173.3 million in H1 2025, while net profit compared with a EUR 5.6 million loss a year earlier, Naftemporiki reported on September 25, 2026.
EBITDA reached EUR 42.6 million from EUR 10.6 million, lifting the EBITDA margin to 20.9 percent from 6.1 percent. The company attributed the improvement to the initial implementation of its new water supply and wastewater tariff framework and tighter operating-cost control, according to EYDAP.
Investment accelerates to EUR 43.2 million
Investment rose 22 percent year over year to EUR 43.2 million in H1 2026, with EUR 39.2 million allocated to projects under the company’s investment program. The figure gives the earnings recovery a second dimension: Athens Water is directing higher cash generation toward infrastructure while expanding its operating scope.
The operating backdrop still carries a physical risk. Reservoir reserves rose from 399.7 million cubic meters on January 1 to 723.9 million cubic meters on July 1, 2026, but water scarcity and future hydrological conditions remain central factors for the utility, Naftemporiki reported.
Analysts see EUR 9.10 average target
The analyst view is more cautious than the H1 income statement. Investing.com lists a Neutral consensus from 2 analysts, with 1 Buy and 1 Sell rating, an average 12-month target of EUR 9.10, a high target of EUR 10.20 and a low target of EUR 8.00. The average target is 25.7 percent below the October 2 closing price, making execution of the investment program and the durability of tariff benefits central valuation questions.
Stock closes at EUR 12.28
Athens Water closed at EUR 12.28 on the Athens Exchange on October 2, 2026. The session range was EUR 12.10 to EUR 12.52, volume was 52,100 shares and market capitalization was EUR 1.3 billion.
Athens Water stock facts
- Company: Athens Water Supply and Sewerage Company S.A.
- Ticker: EYDAP
- Trading venue: Athens Exchange
- Price (as of October 2, 2026): Closing price EUR 12.28
- Market capitalization: EUR 1.3 billion (as of October 2, 2026)
- 52-week range: EUR 6.40-EUR 12.92 (as of October 2, 2026)
- Sector / Industry: Utilities / Water utilities
