Piraeus Port (OLP)
Piraeus Port (OLP) (PPA) closed at €44.100 on 26/10/2026, +0.46% on the day. Market cap €1.1bn, dividend yield 4.30%.
Announcements to the exchange
- 29/09/2026 12:44Press Release - Financial Results 1H2026 (Correct Repetition)
- 29/09/2026 11:00Press Release - Financial Results 1H2026
Key statistics
FY2025 unless a figure says otherwise
Profile
At the 26 Oct close- Market value
- €1.1bn
- Enterprise valueDec 2025est.
- €1bn
- Shares outstandingOct 2026
- 25m
- RevenueFY2025
- €250.8m
- Employees
- 1,057
- Free float
- 25.9%
- Traded a day, 3-month average
- €945.1k
Valuation
FY2025- EV/Salesest.
- 4.0×
- EV/EBITDAest.
- 7.7×
- Dividend yield
- 4.3%
5 years, on reported full years: 4.5–8.5×, median 5.8×. Today 7.7×, higher than 87% of months.
Margins
FY2025- EBITDA
- 52.7%
- Net
- 34.4%
Net margin = the shareholders' profit ÷ group revenue.
Financial health
Dec 2025- Net debt
- −€89m
- Net debt ÷ EBITDA
- −0.67×
Growth
- Revenue, last yearFY2025
- +8.6%
- Revenue, 3 yearsFY2022–25, a year
- +8.8%
Dividends
FY2025- Yield, last 12 months
- 4.3%
- Per share
- €1.896
- Years paid, last fiveFY2021–25
- 5
Trading and risk
From our closes, dividends reinvested- Total return, 1 year
- +2.6%
- 3 years, a year
- +34.1%
- 5 years, a year
- +24.1%
- 10 years, a year
- +16.3%
- Volatility, 1 year
- 27.9%
- Beta to the General Index
- 0.49×
- Deepest fall, 1 year / 5 years
- −20.2% / −25.8%
- 52-week range
- €35.40–€49.00
Where the figures come from: the company's reports, reviewed by us · annual accounts filed in ESEF format · results announcements on the exchange · our own closing prices. No forecasts or target prices are stored.
Financial charts
From the stored figures: the reviewed dossier first, then the annual reports (ESEF) and results announcements
Loading the charts…
Valuation
vs OLTH| Metric | PPA | OLTH |
|---|---|---|
| P/E | — | 12.8 |
| P/B | — | 2.0 |
| P/S | 4.4 | 3.6 |
| EV/EBITDA | 7.7 | — |
| Dividend yield | 4.3% | 5.5% |
| Payout ratio | — | 71.9% |
| Gross margin | — | 46.2% |
| Operating margin | — | 35.7% |
| Net margin | 34.4% | 28.0% |
| ROE | — | 15.5% |
| Revenue growth (last full year) | 8.6% | 6.7% |
| Net debt | −€89.0m | −€115.6m |
Peers: Ports
The company
AI-draftedPPA operates the port of Piraeus under a State concession running to 2052. It runs Pier I, the car terminal, the cruise and ferry terminals and the Perama ship-repair zone itself, and sub-concessions Piers II and III to PCT, a COSCO company, for a fixed and variable fee.
- Oct 2026The board resolved to set up a wholly owned subsidiary, Piraeus Gate Supply Chain Single-Member S.A., with EUR 30,000 of capital.6
- Sep 2026In H1 2026 revenue fell 8.8% to EUR 111.9m and net profit fell 24.4% to EUR 35.4m.5,7
- Sep 2026The H1 report discloses EUR 80m drawn after 30 June under revolving credit facilities with Eurobank and National Bank of Greece, EUR 40m each.7
- Aug 2026The EGM approved amendments to the articles by 99.94%, permitting a logistics subsidiary and stakes in other companies.4
- Aug 2026The FY2025 dividend of EUR 1.896 per share (EUR 47.4m) was paid on 7 August.7
- Apr 2026The 50% cut in domestic ferry ship and passenger fees, in force since 1 May 2025, lapsed on 30 April 2026.7
- A single customer, COSCO's PCT, accounted for 41.5% of H1 2026 revenue (FY2025: 36.8%).7,1
- COSCO SHIPPING (Hong Kong) holds 67.00%, HCAP 7.14% and the free float is 25.86%.7,2
- In H1 2026 revenue fell 8.8% to EUR 111.9m and net profit 24.4% to EUR 35.4m; EBITDA was EUR 56.1m.5,7
- No bank borrowing at 30 June 2026 (cash EUR 83.1m, leases EUR 58.7m); EUR 80m was drawn on credit facilities after that date.7
- A dividend of EUR 1.896 per share for FY2025, paid on 7 August 2026, a 55% payout of net profit.3,7,8
- 1.Annual Financial Report 2025PPA S.A. · 31/03/2026official
- 2.Company profile and shareholding structurePPA S.A.official
- 3.DividendsPPA S.A.official
- 4.Extraordinary General Meeting completed, articles amendment approved by 99.94%PPA S.A. · 27/08/2026official
- 5.1H 2026 results press release, corrected repetitionPPA S.A. · 29/09/2026official
- 6.Resolution to establish a subsidiary companyPPA S.A. · 19/10/2026official
- 7.Six-Month Financial Report 2026PPA S.A. · 29/09/2026official
- 8.Corporate presentation FY2025 and 1H 2026 results, September 2026PPA S.A. · 29/09/2026official