Piraeus Port Authority SA
ATHEX:PPA
Income Statement
Earnings Waterfall
Piraeus Port Authority SA
Income Statement
Piraeus Port Authority SA
| Sep-2003 | Dec-2003 | Mar-2004 | Jun-2004 | Sep-2004 | Dec-2004 | Mar-2005 | Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
2
|
3
|
0
|
|
| Revenue |
141
N/A
|
142
+1%
|
143
+0%
|
147
+3%
|
148
+1%
|
149
+1%
|
149
0%
|
142
-5%
|
141
0%
|
140
-1%
|
139
-1%
|
146
+5%
|
150
+3%
|
144
-4%
|
145
+1%
|
151
+4%
|
153
+2%
|
171
+12%
|
155
-10%
|
136
-12%
|
124
-9%
|
116
-7%
|
125
+8%
|
131
+5%
|
134
+2%
|
129
-4%
|
134
+5%
|
132
-2%
|
124
-6%
|
117
-6%
|
106
-9%
|
104
-2%
|
105
+2%
|
105
0%
|
106
+1%
|
107
+0%
|
106
-1%
|
107
+1%
|
106
-1%
|
105
-1%
|
107
+1%
|
109
+2%
|
108
-1%
|
107
-1%
|
107
0%
|
104
-2%
|
103
-1%
|
103
0%
|
100
-3%
|
100
+0%
|
112
+12%
|
123
+10%
|
133
+8%
|
140
+5%
|
149
+7%
|
145
-3%
|
133
-8%
|
138
+4%
|
154
+11%
|
175
+14%
|
195
+11%
|
204
+5%
|
220
+8%
|
224
+2%
|
231
+3%
|
247
+7%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(107)
|
(107)
|
(110)
|
(115)
|
(118)
|
(120)
|
(121)
|
(118)
|
(116)
|
(115)
|
(113)
|
(117)
|
(119)
|
(116)
|
(116)
|
(116)
|
(117)
|
(127)
|
(120)
|
(112)
|
(105)
|
(96)
|
(99)
|
(102)
|
(105)
|
(109)
|
(113)
|
(111)
|
(107)
|
(96)
|
(91)
|
(89)
|
(88)
|
(91)
|
(88)
|
(86)
|
(84)
|
(87)
|
(85)
|
(84)
|
(86)
|
(86)
|
(86)
|
(86)
|
(83)
|
(81)
|
(80)
|
(77)
|
(76)
|
(74)
|
(73)
|
(72)
|
(74)
|
(73)
|
(75)
|
(75)
|
(73)
|
(75)
|
(77)
|
(80)
|
(84)
|
(85)
|
(88)
|
(90)
|
(95)
|
(100)
|
|
| Gross Profit |
33
N/A
|
36
+6%
|
33
-7%
|
32
-3%
|
29
-8%
|
29
0%
|
27
-7%
|
24
-13%
|
25
+5%
|
25
-2%
|
26
+5%
|
29
+11%
|
31
+6%
|
28
-7%
|
30
+4%
|
35
+19%
|
37
+4%
|
45
+22%
|
35
-22%
|
24
-30%
|
19
-22%
|
20
+4%
|
26
+33%
|
28
+9%
|
28
-1%
|
19
-32%
|
21
+10%
|
20
-3%
|
17
-16%
|
21
+23%
|
14
-31%
|
15
+6%
|
17
+15%
|
15
-16%
|
18
+24%
|
21
+17%
|
21
+1%
|
20
-7%
|
21
+7%
|
21
-1%
|
21
0%
|
22
+5%
|
22
-2%
|
21
-6%
|
24
+15%
|
23
-2%
|
23
+1%
|
26
+10%
|
24
-7%
|
26
+9%
|
39
+48%
|
51
+32%
|
59
+16%
|
67
+12%
|
74
+11%
|
70
-6%
|
60
-14%
|
64
+6%
|
77
+21%
|
95
+24%
|
111
+17%
|
119
+7%
|
132
+11%
|
135
+2%
|
136
+1%
|
146
+8%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
2
|
13
|
13
|
12
|
12
|
23
|
(6)
|
(6)
|
(8)
|
(7)
|
(8)
|
(9)
|
(9)
|
(11)
|
(12)
|
(12)
|
(10)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(56)
|
(59)
|
(60)
|
(61)
|
(10)
|
(10)
|
0
|
2
|
(2)
|
(2)
|
(14)
|
(12)
|
(19)
|
(13)
|
(13)
|
(13)
|
(11)
|
(11)
|
(9)
|
(11)
|
(15)
|
(15)
|
(10)
|
(10)
|
(17)
|
(9)
|
(20)
|
(16)
|
(19)
|
(23)
|
(19)
|
(17)
|
(21)
|
(24)
|
(29)
|
(33)
|
(24)
|
(33)
|
(36)
|
(25)
|
(26)
|
|
| Selling, General & Administrative |
(14)
|
(13)
|
(13)
|
(14)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(16)
|
(18)
|
(19)
|
(24)
|
(25)
|
(26)
|
(27)
|
(5)
|
(21)
|
(19)
|
(17)
|
(19)
|
(20)
|
(21)
|
(21)
|
(23)
|
(20)
|
(20)
|
(18)
|
(20)
|
(19)
|
(17)
|
(19)
|
(20)
|
(20)
|
(20)
|
(22)
|
(27)
|
(22)
|
(26)
|
(21)
|
(20)
|
(27)
|
(23)
|
(21)
|
(25)
|
(28)
|
(33)
|
(22)
|
(14)
|
(26)
|
(31)
|
(31)
|
(32)
|
|
| Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
16
|
26
|
27
|
26
|
26
|
38
|
9
|
9
|
7
|
8
|
7
|
7
|
7
|
5
|
4
|
5
|
6
|
5
|
5
|
5
|
5
|
5
|
5
|
4
|
5
|
(32)
|
(34)
|
(34)
|
(34)
|
10
|
10
|
20
|
19
|
16
|
18
|
8
|
10
|
4
|
7
|
7
|
5
|
9
|
8
|
8
|
8
|
4
|
4
|
11
|
12
|
11
|
13
|
7
|
4
|
2
|
5
|
4
|
4
|
4
|
4
|
3
|
(11)
|
(10)
|
(7)
|
(6)
|
6
|
6
|
|
| Operating Income |
36
N/A
|
48
+35%
|
46
-4%
|
44
-5%
|
41
-7%
|
52
+27%
|
21
-60%
|
18
-16%
|
17
-3%
|
17
+1%
|
17
+1%
|
20
+15%
|
22
+7%
|
18
-18%
|
18
+1%
|
24
+32%
|
26
+12%
|
33
+24%
|
23
-29%
|
13
-45%
|
7
-45%
|
8
+16%
|
15
+81%
|
15
+3%
|
15
-1%
|
(37)
N/A
|
(38)
-3%
|
(40)
-6%
|
(44)
-10%
|
11
N/A
|
4
-61%
|
15
+279%
|
19
+23%
|
12
-36%
|
16
+30%
|
8
-52%
|
10
+25%
|
1
-91%
|
8
+792%
|
8
+4%
|
8
-1%
|
12
+39%
|
11
-4%
|
11
+3%
|
12
+9%
|
8
-39%
|
8
+3%
|
16
+105%
|
14
-14%
|
9
-32%
|
29
+213%
|
32
+8%
|
43
+36%
|
48
+12%
|
51
+7%
|
51
-1%
|
43
-15%
|
43
-1%
|
53
+25%
|
66
+23%
|
78
+18%
|
94
+21%
|
99
+5%
|
98
-1%
|
111
+13%
|
120
+8%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
1
|
1
|
2
|
3
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(1)
|
2
|
3
|
1
|
|
| Non-Reccuring Items |
1
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
(0)
|
4
|
(1)
|
(0)
|
0
|
(1)
|
0
|
(1)
|
(1)
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(8)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(3)
|
(2)
|
(1)
|
(1)
|
(0)
|
(1)
|
(2)
|
(0)
|
(0)
|
(1)
|
|
| Total Other Income |
(0)
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
|
| Pre-Tax Income |
38
N/A
|
49
+29%
|
47
-3%
|
45
-5%
|
42
-7%
|
53
+26%
|
21
-60%
|
18
-16%
|
17
-5%
|
17
+1%
|
17
+0%
|
20
+15%
|
21
+8%
|
18
-17%
|
18
+1%
|
24
+35%
|
27
+13%
|
34
+24%
|
24
-28%
|
13
-44%
|
8
-43%
|
9
+16%
|
15
+71%
|
16
+4%
|
16
+1%
|
(38)
N/A
|
(37)
+4%
|
(39)
-7%
|
(43)
-11%
|
11
N/A
|
4
-61%
|
15
+243%
|
18
+22%
|
11
-42%
|
14
+33%
|
6
-55%
|
10
+64%
|
6
-39%
|
9
+47%
|
11
+18%
|
9
-16%
|
12
+29%
|
12
+3%
|
12
-3%
|
13
+8%
|
9
-30%
|
9
-2%
|
16
+85%
|
14
-15%
|
10
-29%
|
21
+117%
|
31
+48%
|
42
+35%
|
46
+7%
|
48
+5%
|
47
-2%
|
37
-21%
|
37
0%
|
49
+33%
|
62
+25%
|
75
+21%
|
91
+22%
|
96
+6%
|
100
+4%
|
113
+13%
|
120
+6%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(12)
|
(12)
|
(13)
|
(15)
|
(17)
|
(8)
|
(11)
|
(10)
|
(9)
|
(6)
|
(6)
|
(6)
|
(7)
|
(5)
|
(5)
|
(6)
|
(7)
|
(9)
|
(8)
|
(5)
|
(3)
|
(3)
|
(5)
|
(6)
|
(6)
|
5
|
6
|
7
|
8
|
(4)
|
(2)
|
(6)
|
(8)
|
(4)
|
(4)
|
(2)
|
(3)
|
(1)
|
(1)
|
(1)
|
(1)
|
(4)
|
(4)
|
(4)
|
(4)
|
(2)
|
(2)
|
(5)
|
(4)
|
(1)
|
(10)
|
(11)
|
(14)
|
(15)
|
(12)
|
(11)
|
(11)
|
(11)
|
(12)
|
(14)
|
(22)
|
(25)
|
(29)
|
(31)
|
(25)
|
(26)
|
|
| Income from Continuing Operations |
25
|
37
|
34
|
29
|
24
|
44
|
10
|
8
|
8
|
11
|
11
|
13
|
15
|
12
|
13
|
17
|
20
|
25
|
16
|
8
|
4
|
6
|
10
|
10
|
10
|
(34)
|
(31)
|
(32)
|
(35)
|
7
|
2
|
9
|
11
|
7
|
10
|
4
|
8
|
5
|
8
|
10
|
8
|
8
|
8
|
8
|
9
|
7
|
6
|
11
|
10
|
8
|
11
|
20
|
28
|
30
|
35
|
35
|
26
|
26
|
37
|
48
|
53
|
66
|
67
|
69
|
87
|
94
|
|
| Net Income (Common) |
25
N/A
|
37
+46%
|
34
-8%
|
29
-14%
|
24
-17%
|
44
+82%
|
10
-77%
|
8
-20%
|
8
-8%
|
11
+49%
|
11
+2%
|
13
+16%
|
15
+9%
|
12
-16%
|
13
+3%
|
17
+39%
|
20
+15%
|
25
+24%
|
16
-35%
|
8
-49%
|
4
-47%
|
6
+31%
|
10
+76%
|
10
+4%
|
10
-4%
|
(34)
N/A
|
(31)
+8%
|
(32)
-3%
|
(35)
-10%
|
7
N/A
|
2
-65%
|
9
+268%
|
11
+18%
|
7
-40%
|
10
+52%
|
4
-60%
|
8
+96%
|
5
-35%
|
8
+56%
|
10
+22%
|
8
-11%
|
8
-6%
|
8
-1%
|
8
-1%
|
9
+9%
|
7
-21%
|
6
-5%
|
11
+72%
|
10
-7%
|
8
-19%
|
11
+35%
|
20
+78%
|
28
+39%
|
30
+9%
|
35
+16%
|
35
-1%
|
26
-25%
|
26
-2%
|
37
+42%
|
48
+29%
|
53
+11%
|
66
+24%
|
67
+2%
|
69
+3%
|
87
+28%
|
94
+7%
|
|
| EPS (Diluted) |
1.02
N/A
|
1.49
+46%
|
1.37
-8%
|
1.18
-14%
|
0.98
-17%
|
1.77
+81%
|
0.41
-77%
|
0.33
-20%
|
0.31
-6%
|
0.45
+45%
|
0.47
+4%
|
0.54
+15%
|
0.59
+9%
|
0.49
-17%
|
0.51
+4%
|
0.7
+37%
|
0.8
+14%
|
0.99
+24%
|
0.64
-35%
|
0.33
-48%
|
0.17
-48%
|
0.22
+29%
|
0.4
+82%
|
0.41
+2%
|
0.39
-5%
|
-1.34
N/A
|
-1.25
+7%
|
-1.29
-3%
|
-1.41
-9%
|
0.28
N/A
|
0.1
-64%
|
0.36
+260%
|
0.43
+19%
|
0.26
-40%
|
0.38
+46%
|
0.14
-63%
|
0.29
+107%
|
0.2
-31%
|
0.31
+55%
|
0.38
+23%
|
0.34
-11%
|
0.32
-6%
|
0.32
N/A
|
0.32
N/A
|
0.34
+6%
|
0.27
-21%
|
0.25
-7%
|
0.44
+76%
|
0.41
-7%
|
0.34
-17%
|
0.45
+32%
|
0.8
+78%
|
1.12
+40%
|
1.22
+9%
|
1.42
+16%
|
1.4
-1%
|
1.05
-25%
|
1.04
-1%
|
1.47
+41%
|
1.9
+29%
|
2.12
+12%
|
2.63
+24%
|
2.67
+2%
|
2.74
+3%
|
3.5
+28%
|
3.75
+7%
|
|