Slide 1: Piraeus Port Authority Full Year 2025 Results
Piraeus Port Authority FULL YEAR 2025 RESULTS CORPORATE PRESENTATION 1
Slide 2: PPA facilities: A port with dynamic present
PPA facilities: A port with dynamic present 2
Slide 3: Feeder Network of Piraeus
Feeder Network of Piraeus 3
Slide 4: FY25 Highlights
FY25 Highlights Strong Cash EBITDA position enhancement Cash Balances at +2.18% y-o-y €149.77m Zero Bank Debt Revenue increase Stable of +8.62% y-o-y Dividend Payout Ratio at 55% 4
Slide 5: P&L Highlights
P&L 2024 Highlights Highlights Revenues (€ m) 154.19 194.57 219.82 230.88 250.79 2021 2022 2023 2024 2025 EBITDA (€ m) and EBITDA mgn. (%) 140 EBITDA EBITDA Margin 100% 120 80% 100 56.08% 52.76% 52.75% 60% 80 49.12% 60 45.60% 40% 40 20% 20 70.30 95.57 115.98 129.48 132.29 0 0% 2021 2022 2023 2024 20
Slide 6: P&L Expenses
P&L Expenses Amounts in € m 2025 2024 Amounts in € m 2025 2024 Revenue 250.79 230.88 Payroll and employee related costs 79.75 71.13 Cost of Sales -103.56 -95.01 Third party fees 6.21 5.03 Gross profit 147.22 135.87 Third party services 14.96 14.61 Administrative expenses -38.16 -31.41 Depreciation a
Slide 7: Balance Sheet Highlights
Balance Sheet Highlights Cash and Cash Equivalents (€ m) Net Debt (€ m) -25.04 -68.73 -106.82 -116.01 -89.02 134.98 171.54 202.48 204.50 149.77 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Shareholders Equity (€ m) Assets (€ m) 276.17 314.50 355.07 409.07 447.22 526.18 573.36 611.33 662.79 689.
Slide 8: Balance Sheet
Balance Sheet Amounts in € m 2025 2024 Amounts in € m 2025 2024 Property, plant and equipment 451.48 357.98 Share Capital 50.00 50.00 Reserves 84.95 84.95 Right-of-use assets 51.51 53.43 Retained Earnings 312.26 274.12 Investment property 0.73 0.73 Total Equity 447.22 409.07 Intangible assets 3.34 2
Slide 9: FY25 Cash Flow
FY25 Cash Flow • Investment program in • €48.00m progress (€ dividends 112.50m) • €3.43m inflow • €26.50m from time debt deposits repayment (Amounts in € m) 9
Slide 10: Volume Evolution
Volume Evolution 2025 2024 Chg. % Container Terminal: Pier 1 (TEUs) 664,581 563,725 17.89% Concession Arrangement: Pier 2&3 (TEUs) 3,976,714 4,228,474 -5.95% Container Terminals (Pier 1, 2&3 - TEUs) 4,641,295 4,792,199 -3.15% Car Terminal (units) 291,287 247,600 17.64% Cruise (passengers) 1,863,397
Slide 11: Cargo Handling Activities
Cargo Handling Activities Cruise Sector Ferry Terminal 16.2 m passengers Increased by 7.9% y-o-y Concession Container Arrangement Car Terminal Terminal: Pier 1 11
Slide 12: Container Terminals
Container Terminals • Top 5 largest container ports in Europe (in terms of throughput) • Hub for transhipment in the Mediterranean and Black Sea countries • One of the fastest growing terminals globally • Ideal gateway to the East Mediterranean • Serves 24x7 the largest shipping companies and has ro
Slide 13: Concession Arrangement Pier 2&3
Concession Arrangement Pier 2&3 Revenues (€ m) TEUs (m) 70.10 82.72 87.38 81.71 90.51 4.70 4.35 4.59 4.23 3.98 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 EBITDA (€ m) FY25 Revenues at € 90.51m, +10.78% y-o-y ➢ Despite the -5.95% in TEUs FY25 EBITDA at € 76.22, +9.28% y-o-y, 84.21% mgn. TEUs t
Slide 14: Container Terminal Pier 1
Container Terminal Pier 1 • Pier 1 has an annual capacity of about 1.0m TEU and total storage area of 72.400 m² • Total Pier Length: 1.150m, Max depth: 18m • Pier I can serve Mega container vessels FY25 Revenues increased by 17.01% y-o-y at € 58.47m FY25 EBITDA reached € 10.85m (+47.08% y-o-y, 18.56
Slide 15: Container Terminal: Pier 1
Container Terminal: Pier 1 Revenues (€ m) Volumes in TEUs 2025 2024 % Local 254,591 232,252 9.62% Transshipment 409,990 331,473 23.69% 29.61 40.03 45.39 49.97 58.47 Total 664,581 563,725 17.89% 2021 2022 2023 2024 2025 EBITDA (€ m) TEUs (m) Local Transhipment 3.85 7.48 7.38 10.85 0.41 0.33 0.50 0.34
Slide 16: Car Terminal
Car Terminal • Leading Car terminal in Eastern Europe • Act as transshipment hub for Eastern Mediterranean, Balkans and Black Sea countries • Currently operates 1 terminal of approx. 145,000 m2 with storage capacity of 6,700 cars • Multiple port facilities FY25 Revenues at € 25.59m (-5.43% y-o-y) ➢
Slide 17: Car Terminal
Car Terminal Revenues (€ m) Volumes in units 2025 2024 % Local 153,213 137,825 11.16% Transhipment 138,074 109,775 25.78% 14.13 17.49 21.11 27.06 25.59 Total 291,287 247,600 17.64% 2021 2022 2023 2024 2025 EBITDA (€ m) Vehicles (m) Local Transhipment 0.16 0.11 0.14 0.33 0.23 4.41 8.66 11.59 16.59 14
Slide 18: Passenger Traffic Activities
Passenger Traffic Activities Cruise Sector Ferry Terminal 18
Slide 19: Cruise Terminal
Cruise Terminal • Close proximity to tourist destinations in the Aegean Sea • Operates (24x7) 3 passenger stations (15,000 m2) with 20 x-ray machines and offers free shuttle bus service around the cruise port • 9-11 simultaneous berthing places including 2-3 berths for the largest cruise vessels • M
Slide 20: Cruise Terminal
Cruise Cruise Terminal Sector Revenues (€ m) Passenger Traffic (m) Homeport Transit Covid-19 0.77 disruptions 0.69 0.69 0.50 9.51 17.62 26.33 30.41 37.93 0.17 0.38 0.80 1.01 1.09 0.14 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 EBITDA (€ m) Cruise calls Homeport Transit 186 189 197 236 159 4.6
Slide 21: Ferry Terminal
Ferry Terminal • Among the largest passenger port in Europe • Provides access to key tourist destinations in Athens within 30 minutes • Operates multiple daily coastal connections to most of the Aegean islands • Offers free shuttle bus service around the coastal port FY25 Revenues at € 8.97m, (-28.3
Slide 22: Ferry Terminal
FerryFerry Terminal Terminal Revenues (€ m) Passenger Traffic (in m passengers) Coastal Line Saronic Gulf Salamis 7.15 7.66 7.59 6.84 6.00 2.76 2.95 3.18 2.38 1.53 9.44 11.36 11.76 12.53 8.97 4.36 5.75 6.25 6.44 6.51 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 EBITDA (€ m) Vehicles Traffic (€
Slide 23: Ship Repair Zone
Ship Repair Zone Floating Dock Piraeus Perama Ship Repair Yard Lifting I nternal Length (m) Capacity (tn) breadth(m) Floating Dock Piraeus I I I 22,000 240 35 Floating Dock Piraeus I I I 4,000 113 18 Floating Dock Piraeus I 15,000 202 31 Graving Dry-Dock Vasiliadi Coast, Drapetsona Large Grav ing Dr
Slide 24: Ship Repair Zone
Ship Repair Zone Revenues (€ m) Vessels (units) Vessels (Docks) Vessels (Ship Repair) 264 280 270 275 256 13.37 15.00 15.81 15.90 14.76 141 133 154 143 115 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 EBITDA (€ m) Docks Working days 4.30 5.58 5.93 5.59 3.83 1,161 1,304 1,439 1,389 1,317 2021 20
Slide 25: Performance Evolution FY
Performance Evolution FY (€ m) 250.79 230.88 219.82 194.57 149.22 154.19 132.93 132.90 129.48 132.29 115.98 111.53 103.50 95.57 67.47 70.30 56.68 57.96 86.15 87.46 34.67 66.85 24.66 52.89 6.70 27.88 35.45 26.41 36.76 11.29 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Revenue EBITDA Earnings aft
Slide 26: Segment Information
Segment Information (€ m) CONTAINER CONCESSION CAR OTHERS 2025 COASTAL CRUISE SHIP REPAIR COMPANY TOTAL PIER I PIERS II & III TERMINAL SEGMENTS Rev enue 58.47 90.51 25.59 8.97 37.93 14.76 14.55 0.00 250.79 Gross Profit 11.65 85.80 15.82 2.11 24.29 1.94 5.61 0.00 147.22 EBITDA 10.85 76.22 14.05 2.03
Slide 27: Share price movement
Share price movement 60.00 50.00 40.00 30.00 20.00 10.00 0.00 27
Slide 28: Investment Plan
Investment Plan Concession Accumulated Mandatory Agreement Item Name Investment Enhancement Reference Amount * Amount ME01 Passenger Terminal Expansion (South Zone - Phase A) 136,283,800 46,289,227 Price Revisions & Advance Paym ents 16,136,328 ME02 Repair of pav ements, rails and RMG cranes of Pier
Slide 29: Other Investments
Other Investments Construction of a Cruise Passenger Terminal Development of a logistics center of 80,000m² (Budgeted cost: EUR55m) (Budgeted cost: EUR74m) 29
Slide 30: Distributions to Shareholders
Distributions to Shareholders Dividend Payout Ratio (%) 2.50 Dividend per Share Dividend Yield (%) 8.0% 6.6% 6.4% 7.0% 2.00 5.8% 6.0% 4.6% 1.50 5.0% 3.6% 4.0% 1.00 3.0% 2.0% 0.50 1.0% 0.628 1.040 1.336 1.920 1.896 43% 49% 50% 55% 55% 0.00 0.0% 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 • Prop
Slide 31: Cash Evolution and Dividend Policy: Return for the Society
Cash Evolution / and Contribution Dividend HighPolicy Return for the Society Construction of a new modern Grant of the SILO warehouse to the park/ playground Ministry of Culture for the creation of the Museum of Sea Antiquities 31
Slide 32: Contact details
Contact details: Nektarios Demenopoulos Ioannis Karalis Chief Deputy Manager IR Officer BoD Secretariat, PR & IR Dpt. BoD Secretariat, PR & IR Dpt. Tel.: +30 210 4550226 Tel.: +30 210 4550276 Mob.: +30 694 7931026 Email: karalisi@olp.gr Email: demenopoulosn@olp.gr 32