Consolidated revenue edged up 1.2% to EUR 756.9 million, demonstrating resilience in the Group's core markets. However, operating expenses surged to EUR 668.6 million from EUR 624.0 million, pushing EBITDA down 11.3% to EUR 85.4 million. Compliance with new environmental frameworks — including EU ETS, FuelEU Maritime and SECA regulations — alone accounted for roughly EUR 63 million in additional costs. Vessel upgrades and repairs rose by EUR 13 million, while crew remuneration climbed EUR 4.9 million following a new collective labour agreement.

Passenger traffic across the Group's 37-vessel fleet declined 4.5% to 6.96 million, with private vehicle transport down 3.4% to 1.26 million units. Freight volumes bucked the trend, ticking up 0.5% to 540,000 units. Despite the headwinds, Attica preserved a solid balance sheet, with total equity of EUR 440.8 million and a leverage ratio of 54%. The Board will recommend no dividend for the year.

Looking ahead, management flagged 2026 as a challenging year, citing geopolitical tensions in the Middle East that have driven Brent crude above USD 125 per barrel from USD 60.9 at year-end 2025. The Group has partially hedged its fuel exposure and is pressing ahead with fleet renewal, including the planned divestment of six older vessels and the acquisition of three newer, more energy-efficient ships in 2026.

Full report https://www.attica-group.com/storage/media/financial-results/financial-statements-2025-attica-group-en-4KSJ.pdf

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