Port of Piraeus approves historic dividend at annual meeting

The Annual General Meeting of Shareholders of Piraeus Port Authority (PPA S.A.) was successfully held recently, with a strong quorum of 83.56% participating and all proceedings conducted in full compliance with regulatory requirements.

Shareholders received detailed updates on all agenda items, including a comprehensive review of the company’s strategy implementation and tangible results.

All proposals presented during the meeting were approved by a broad majority. Notably, shareholders endorsed the Annual Financial Statements and approved a dividend distribution for the fiscal year 2024 (covering 1 January to 31 December 2024).

The Board of Directors proposed, and the shareholders agreed to, a gross dividend of €1.92 per share, an increase of 43.7% compared to 2023.

Piraeus Port Authority’s financial performance in 2024 reflects continued robust growth, with total revenue reaching €230.9 million, up 5.0% from €219.8 million in the previous year. Profit before tax increased 17.4% to €112.9 million, while profit after tax rose 30.8%, reaching €87.5 million compared to €66.8 million in 2023.

These figures represent the highest revenue and profitability levels in the company’s history, marking the fourth consecutive year of growth.

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