2025: A landmark year of record financial performance and the largest development program in the Port’s history
The Annual General Meeting (AGM) of the Shareholders of ThPA S.A. was held on Tuesday, May 12, 2026, with a high level of shareholder participation.
Decisions on the agenda items were reached with an overwhelming majority. Furthermore, shareholders were briefed on significant developments across all ThPA S.A. business segments, which validate the dynamic growth trajectory of the Port of Thessaloniki and reinforce its role as one of the fastest-growing and most diversified ports in the broader region.
Upon the conclusion of the Meeting, the Chief Executive Officer of ThPA S.A., Dr. Ioannis Tsaras, stated: “2025 was a landmark year for the Port of Thessaloniki, as we achieved record-breaking performance while simultaneously launching the most ambitious development program in the Organization’s history. This momentum extends beyond the Port itself; it is directly linked to the overall elevation of Thessaloniki and Northern Greece as a major hub for trade, logistics, and business activity. Through the expansion of Pier 6, the enhancement of port connectivity, and ongoing investments in state-of-the-art infrastructure and technology, we are creating the conditions for a new growth era with a substantial economic and social footprint. At the same time, we continue to invest in our people, sustainability, and innovation, as for ThPA S.A., growth only holds true value when it is reinvested into the city and the society that supports it.”
2025: A Pivotal Year for the Port of Thessaloniki
During the General Meeting, particular emphasis was placed on the record-breaking financial results achieved in 2025, as well as the significant progress made across the Organization’s core operational sectors.
The year 2025 marked the commencement of the largest development program in ThPA S.A.’s modern history, centered on the expansion of Pier 6. This strategic investment substantially upgrades Thessaloniki’s position within the international transport map and the Southeast European supply chain.
Upon completion of the project, the Port will be capable of serving Ultra Large Container Vessels (ULCVs) with a capacity of up to 24,000 TEU, establishing Thessaloniki as the only port in Northern Greece with such capabilities. Concurrently, the Port of Thessaloniki reinforces its standing as a major intermodal hub for the markets of Southeast and Central Europe, creating new horizons for trade, logistics, and business development across the broader region.
Acting as a value multiplier for the national economy, this investment creates a lasting economic and social legacy. It is set to drive job creation, elevate Thessaloniki’s international standing, and catalyze a new era of prosperity for Northern Greece.
Strong Operational Performance and Enhanced International Outreach
The Container Terminal recorded a significant throughput increase of nearly 9% in TEU terms, while revenues for the sector rose by €8 million (+11%) compared to 2024. Conversely, the Conventional Cargo Terminal was affected by the gradual market shift toward containerization, recording a 12% decrease in cargo volumes.
Progress was equally notable in the Reefer Cargo segment, where the Port of Thessaloniki solidified its position as a strategic Reefer Corridor for the region. This was achieved through targeted partnerships with international shipping lines and active participation in major global trade fairs, resulting in a 13.6% increase in Reefer Container throughput compared to the previous year.
A milestone development for the year was the signing of a Memorandum of Understanding (MoU) between ThPA S.A., Hellenic Train, and Bulgarian Railways (BDZ). This strategic alliance aims to enhance Thessaloniki’s rail connectivity, develop competitive freight transport services, and promote sustainable logistics solutions across the broader region.
This initiative further reinforces the strategic role of the Port of Thessaloniki as the primary trade gateway and transit hub for the Balkans and Southeast Europe.
Investments in Infrastructure, Equipment, and Technology
Within the framework of its broader investment program, ThPA S.A. completed significant infrastructure and equipment upgrades in 2025, aimed at further enhancing the Port’s functionality and operational efficiency.
At the Conventional Cargo Terminal, investments exceeding €1.8 million were finalized, including the acquisition of new mechanical equipment and support vehicles. Additionally, electrical installation upgrades and compliance projects totaling €1.2 million were successfully completed.
Simultaneously, the procurement of eight new Hybrid Straddle Carriers, with a total value of €10.3 million, was concluded. These are scheduled to be operational by July 2026, significantly boosting the operational capacity of the Container Terminal while contributing to the Port’s transition toward more modern and environmentally efficient operations.
The Real Estate and Land Development sector also maintained an upward trend, with revenues increasing by 4.99%, reaffirming the successful and dynamic utilization of the Organization’s property assets.
Growth Centered on Sustainability and People
In 2025, ThPA S.A.’s developmental trajectory was accompanied by significant initiatives in sustainability, innovation, and human capital development.
In March 2025, a comprehensive scientific study on dust management was completed by the AirTechLab of NCSR “Demokritos”. During the same period, the Port of Thessaloniki became the first port in the European Union and the Mediterranean to integrate RightShip’s Maritime Emissions Portal (MEP) into the METAVASEA project, focusing on the decarbonization of the maritime industry.
Furthermore, the utilization of excavation materials from the Thessaloniki Flyover project for the expansion of Pier 6—following approval by the Ministry of Environment and Energy—served as a prime example of circular economy practices, significantly reducing the environmental footprint of large-scale infrastructure projects.
In the area of professional development, a total of 4,326 training hours were conducted, with a primary focus on Health and Safety. Additionally, a new three-year Collective Labour Agreement (2025–2027) was signed, reinforcing a framework of stability, cooperation, and trust between management and employees.
A Port with an Expanding Global Footprint
2025 was also a year of profound symbolism for the Organization, marking the 100th anniversary of the Thessaloniki Port Free Zone, an institution inextricably linked to the commercial and developmental history of the city.
Furthermore, Thessaloniki hosted the ESPO Conference 2025, the most prestigious annual event in the European port sector. Organized by ThPA S.A., the conference significantly enhanced the international profile of both the Port and the city of Thessaloniki.
