During the 1st half of 2025, the Group’s operating cost reached EUR 321.0 million, compared to EUR 281.4 million in the 1st half of 2024, representing a 14% increase. This escalation is primarily driven by the increased cost of emissions allowances and compliance with evolving environmental regulations, alongside broader inflationary pressures which have affected fleet maintenance, procurement, and crew payroll costs.

The Group’s consolidated gross profit amounted to EUR 5.6 million, compared to EUR 35.8 million in the 1st half of 2024, while EBITDA stood at EUR 4.1 million, down from EUR 19.5 million in the corresponding period of 2024. Net results from continuing operations after taxes recorded a loss of EUR 52.3 million, which includes non-recurring expenses of EUR 17.3 million, compared to a loss of EUR 23.8 million in the 1st half of 2024, which included non-recurring expenses of EUR 11 million.

Net results of 1st half of 2024 amounted to losses of EUR 4.5 million which included net profit from discontinuing operations (sale of Africa Morocco Link) of EUR 19.3 million.

Attica Group’s fleet numbers 37 vessels, sailing under the trademarks “Superfast Ferries”, “Blue Star Ferries”, “Hellenic Seaways” and “Anek Lines”, of which 25 are conventional RoPax vessels, 10 are High-Speed vessels and two are pure RoRo vessels. All vessels are fully owned by the Group, except for two Ro-Pax vessels which are chartered.

Regarding the Group’s traffic volumes in the 1st half of 2025, the Group vessels transported 2.7 million passengers (2.8 million passengers in the 1st half of 2024 - decrease of 3.6%), 456,000 private vehicles (462,000 private vehicles in the 1st half of 2024 – decrease of 1.3%) and 276,000 freight units (266,000 freight units in the 1st half of 2024 – increase of 3.8%).

The number of sailings for the 1st half of 2025 reached 8,272 (8,406 in the 1st half of 2024 – a decrease of 1.6%). It is estimated that the Group’s traffic volumes have been affected by the rising inflationary trends in Greece and across Europe, which have impacted passengers’ disposable income and consumer spending, by the impact of the prolonged seismic activity in the Santorini region, as well as by the uncertainty arising from geopolitical developments in the Eastern Mediterranean.

The Group completed the sale for safe and environmentally sound recycling of older vessels, finalized the sale of its Flying Dolphin type vessels, and entered into bareboat charter agreements with purchase obligations for two aging vessels, reducing the average fleet age by 2.2 years (from 27.1 to 24.9 years).

© Shippax