PPA S.A.: Revenue and profits climbed to new highs - An increase in the proposed dividend by 43.7% (€1.92 per share)

PPA S.A. presented the financial results for the fiscal year 2024 to the Union of Institutional Investors at the Athens Stock Exchange. The presentation was conducted by representatives of the company, led by Deputy CEO Mr. Angelos Karakostas, and a discussion followed with institutional investors and analysts answering questions regarding the progress of the port's business activities.

For the fourth consecutive year, PPA S.A. has achieved its highest performance in its history in terms of revenue and profitability. Specifically, total revenue for the fiscal year amounted to €230.9 million, representing an increase of €11.1 million or 5.0%, compared to €219.8 million in the previous fiscal year. Pre-tax profits reached €112.9 million, up from €96.2 million in 2023, marking a 17.4% increase. Profits after taxes amounted to €87.5 million, a 30.8% increase from €66.8 million in 2023. Finally, the proposed dividend per share reached €1.92, up 43.7% from €1.34 in 2023. It is noteworthy that this marks the largest dividend distribution, and the highest level of profitability ever recorded since the company began its operations. It is further highlighted that the company's outstanding performance is not only reflected in overall figures, but is consistently observed across individual operational segments of the port, including cruise operations, coastal shipping, container and car terminal, and ship repair zone.

The company remains steadfast in its commitment to the development plan for the Port of Piraeus, executing crucial and strategic investments aimed at its modernization. This solidifies its position as one of the most significant ports in the Mediterranean and Europe, offering top-tier services across all port activities.