Thessaloniki Port faced Pier 6 delay risk and Thessaloniki Port stock costs EUR 40.25

Published on 10/08/2026 at 12:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pier 6 capacity is expected to rise from 650,000 to 1.5 million TEU. Thessaloniki Port stock costs EUR 40.25 on October 8, 2026 after EUR 40.60.

Thessaloniki Port, GRS427003009, Illustration mit AI erstellt.

Thessaloniki Port (GRS427003009) was trading at EUR 40.25 at Lang & Schwarz on October 8, 2026 at 11:59 a.m. CEST, down 0.86 percent from the EUR 40.60 prior close. The latest operational issue came from the Pier 6 expansion, where Protothema reported on October 6, 2026 that old bombs on the seabed were making dredging difficult and threatening to delay the project.

Pier 6 raises the operating stakes

The expansion is being carried out by the METKA-TEKAL consortium under a contract signed about one year before the October 6 report. Construction was continuing, while installation of the caissons was expected to be completed within five to six months, according to Protothema.

The project would extend the quay from 568 meters to 1,081 meters and deepen the operational draft from 12.6 meters to 16.8 meters. Container terminal capacity is expected to rise from 650,000 to 1.5 million TEU, creating the main long-term operating argument behind the investment.

First-half growth meets heavier spending

In the first half of 2026, consolidated revenue increased 8.9 percent to EUR 58.0 million from EUR 53.3 million a year earlier, Naftemporiki reported on September 28, 2026. Container terminal revenue rose 12.1 percent to EUR 43.6 million, while conventional cargo revenue fell 3.4 percent to EUR 11.0 million.

Net profit after tax increased 3.5 percent to EUR 16.5 million from EUR 15.9 million, while EBITDA rose 4.9 percent to EUR 26.1 million. Capital expenditure reached EUR 16.0 million in the first half, versus EUR 5.2 million in the same period of 2025, as the company bought equipment and began Pier 6 work, according to Naftemporiki.

Stock holds near the latest quote

The combination of 8.9 percent revenue growth and 3.5 percent net-profit growth gives the expansion a stronger financial backdrop, but the seabed issue adds execution risk to a project that is already lifting spending. Thessaloniki Port stock was trading at EUR 40.25 at Lang & Schwarz on October 8, 2026 at 11:59 a.m. CEST, minus 0.86 percent versus the EUR 40.60 prior close. The further course of trading is shown by the continuously updated real-time quote of Thessaloniki Port stock.