Piraeus Port reports 24.4 percent profit drop. Piraeus Port stock is valued at EUR 1.1 billion

Published on 10/18/2026 at 12:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit fell to EUR 35.4 million on September 29, 2026, down 24.4 percent. Piraeus Port stock has EUR 1.1 billion market value.

First-half results and investment pressure

First-half net profit fell to EUR 35.4 million on September 29, 2026.
Piraeus Port invested EUR 106.7 million during the first half of 2026.
Piraeus Port had a EUR 1.1 billion market capitalization as of October 16, 2026.

Piraeus Port, GRS470003013, Illustration mit AI erstellt.

Piraeus Port Authority (ISIN GRS470003013) reported first-half 2026 net profit of EUR 35.4 million on September 29, down 24.4 percent from EUR 46.7 million a year earlier, according to Piraeus Port Authority. The result puts Pier I capacity constraints and the investment cycle at the center of the stock story.

First-half figures define the pressure

Revenue fell 8.9 percent year on year to EUR 111.9 million in the first half of 2026, versus EUR 122.8 million in the first half of 2025. The comparison was affected by weaker Pier I performance and temporary reductions in storage capacity during infrastructure works, Baird Maritime reported on September 29, 2026.

Profitability also weakened beyond the headline net figure. Earnings before interest, taxes, depreciation and amortization fell 19.0 percent to EUR 56.1 million in the first half of 2026, while the margin narrowed to 50.1 percent from 56.4 percent.

What does the investment mean for earnings?

Piraeus Port invested EUR 106.7 million in infrastructure and equipment during the first half of 2026. The company linked the spending to higher capacity and productivity at Pier I, while improved throughput at Piers II and III was expected to support third-quarter results, according to Elnavi on October 1, 2026.

Three dated company markers

On June 30, 2026, shareholders approved a gross dividend of EUR 1.896 per share for fiscal year 2025. On August 27, 2026, an extraordinary general meeting approved amendments to the articles of association with 99.94 percent support. On September 29, 2026, the company presented first-half revenue of EUR 111.9 million and net profit of EUR 35.4 million, according to the Piraeus Port Authority investor-relations page.

Market value reflects the earnings test

Piraeus Port Authority had a market capitalization of EUR 1.1 billion as of October 16, 2026. The company operates Greece's Port of Piraeus across container, cruise, car-terminal, coastal shipping, ship-repair and logistics activities, leaving future operating progress dependent on the conversion of current investment into throughput and revenue.

Investment cycle stays central

The first-half figures make the next operating update important because revenue declined by EUR 10.9 million while capital spending reached EUR 106.7 million. For investors, the key comparison is whether improving activity at Piers II and III can offset the temporary pressure at Pier I.

The further course of trading is shown by the continuously updated real-time quote of Piraeus Port stock.