The Annual Ordinary General Shareholders Meeting of ThPA S.A. was held on Wednesday, May 14, 2025, with broad participation from the company’s shareholders.
Decisions on the agenda items were made with a solid majority. These included the approval of a robust dividend distribution of €2 per share to the company’s shareholders for the fiscal year 2024. It is noted that the dividend for 2024 was increased by 54% compared to the dividend for 2023.
Record performance in 2024
During the General Meeting, special attention was given to the record-high results achieved by the company in 2024, while significant progress was accomplished across all key areas of its business operations.
It should be noted that ThPA S.A. recorded a historically high performance in 2024, with the Group’s total revenues reaching €100.7 million (+17% compared to 2023), earnings before tax amounting to €36.3 million (+37%), and net profit after tax totaling €28 million (+38%). At the same time, the Group holds strong total cash reserves and financial assets amounting to €123 million.
As emphasized by the CEO of ThPA S.A., Dr. Ioannis Tsaras, these record-breaking results are the outcome of enhanced operational efficiency and significantly increased cargo traffic.
Focus on growth
In parallel, Mr. Tsaras emphasized the company’s strategic investments and development plan for the Port of Thessaloniki. In this context, the flagship project of Pier 6 expansion plays a central role—an investment that will significantly strengthen the port’s international standing and commercial activity.
According to Mr. Tsaras, the Pier 6 expansion is a key pillar of ThPA S.A.’s development strategy and an investment milestone for Thessaloniki and Northern Greece, and for the broader supply chain of Southeastern Europe.
In reference to the tender for the former Gonos Camp, Mr. Tsaras noted that on May 13, 2025, ThPA S.A. was officially listed as a participant, adding that the company is continuously exploring new growth opportunities.
Regarding the cancellation of the tender for the concession of 67% of Volos Port Authority, in which ThPA S.A. had been selected as the preferred investor, Mr. Tsaras noted that the company is currently evaluating its next steps.
New Board of Directors
During the General Meeting, the new Board of Directors of ThPA S.A. was also elected for a two-year term and was constituted as follows:
- Angeliki Samara, Independent Non-Executive Member, Chair of the Board of Directors
- Panagiotis Michalopoulos, Independent Non-Executive Member, Vice Chair of the Board of Directors
- Ioannis Tsaras, Executive Member, Chief Executive Officer
- Konstantinos Fotiadis, Non-Executive Member
- Martin Masson, Non-Executive Member
- Zonglyu (Jessie) Lu, Non-Executive Member
- Panagiotis Stampoulidis, Non-Executive Member
- Evangelia Damigou, Non-Executive Member
- Efstathios Koutmeridis, Independent Non-Executive Member
The new Chair of the Board of Directors, Ms. Angeliki Samara, is an Assistant Professor of Accounting and Finance at the University of Macedonia. She holds a degree in Economics from Aristotle University of Thessaloniki, a master’s degree in Applied Economics and Finance from the National and Kapodistrian University of Athens, and a PhD in Accounting from the University of Surrey. She is also certified in Auditing by SOEL (Institute of Certified Public Accountants of Greece). Ms. Samara has extensive experience in accounting, financial reporting oversight, corporate governance, and auditing. She has been an Independent Non-Executive Member of ThPA S.A.’s Board since July 2021, served as a member of the Audit Committee, and currently serves as a member of the Remuneration Committee and Chair of the Nominations Committee. Additionally, she is an Independent Non-Executive Board Member and Audit Committee member of listed companies. Ms. Samara was a member of the Quality Control Board (QCB) of the Hellenic Accounting and Auditing Standards Oversight Board (HAASOB) for ten years. She currently serves as Chair of the SOEL Examination Committee responsible for conducting the Certified Public Accountant Professional Exams, and is also a member of SOEL’s Quality Control Committee.
