Piraeus Port Authority reported total revenues of EUR 111.9 million for the first half of 2026, a decrease of 8.9% compared to EUR 122.8 million in the same period of 2025. Net profits after taxes amounted to EUR 35.4 million, down 24.4% from EUR 46.7 million in the first half of 2025. Despite the earnings decline, total assets reached EUR 750.3 million, an increase of 8.8% compared to end-2025, reflecting a significantly accelerated investment programme with EUR 106.7 million deployed in infrastructure projects and equipment during the period. The revenue and profit decline was attributed primarily to reduced performance at Pier I, driven by two converging factors. First, the comparison period benefited from elevated domestic cargo throughput in the first half of 2025, when frontloading activity was driven by fears of potential global trade tariffs. Second, the ongoing implementation of Mandatory Investment projects 5.5 and 5.7 at Pier I has temporarily reduced storage capacity within stacking areas, constraining throughput. PPA emphasised the strategic importance of these investments, which are expected to deliver substantial improvements in capacity, productivity and efficiency, positioning Pier I to handle increased volumes anticipated following the full reopening of the Suez Canal. Piers II and III delivered improved revenues, with throughput performance strengthening in recent months and contributing positively to overall results. This positive trend has accelerated from July onwards and is expected to be reflected in third quarter results. CEO Su Xudong described the first-half performance as confirming the resilience of the Port of Piraeus and its readiness to lead in a demanding global market, highlighting the acceleration toward realisation of the Logistics Centre as a source of new revenue streams and added value for the local community. He expressed cautious optimism about the port’s prospects despite the challenging economic environment and geopol