Greek ferry operator Attica Group narrowed its first-half 2026 net loss to €13.5 million ($15.3 million) from €52.3 million a year earlier.
The company reported revenue of €329.8 million, up one per cent, despite a 12.8 per cent decline in sailings. In results released on September 30, it said EBITDA had risen from €4.1 million to €15.7 million.
Asset disposals contributed €14.8 million to reported results; the corresponding figure for the first half of 2025 was €1.7 million.
Passenger numbers fell 6.1 per cent to 2.5 million. Private-vehicle traffic declined 1.7 per cent to 448,000, while freight units fell 4.1 per cent to 265,000.
Attica said schedule adjustments, primarily linked to fuel prices, improved capacity utilisation and increased the typical number of passengers and vehicles carried per sailing.
Operating expenses fell 1.5 per cent to €316.2 million. The company reported a €21.8 million reduction in underlying costs, excluding fuel expenses and environmental-regulation charges.
Fuel consumption declined 11 per cent following fleet optimisation measures, which included ending charter agreements and replacing older vessels.
Attica said the cost measures helped offset higher fuel costs and charges associated with environmental regulations.
In its second-half outlook, the company said marine gas oil (MGO) prices had exceeded €1,400 per tonne, against €573 at December 31, 2025. Brent crude was above $100 per barrel.
Net debt rose to €564.1 million at June 30 from €515.6 million at December 31, 2025. The leverage ratio increased to 55 per cent from 54 per cent.
Cash and cash equivalents totalled €97.5 million, compared with €96.1 million at year-end. Undrawn credit facilities amounted to €53.9 million.
At June 30, Attica's fleet comprised 36 vessels sailing under the Superfast Ferries, Blue Star Ferries, Hellenic Seaways and Anek Lines brands. In March, it agreed to acquire two high-speed catamarans and sell five older vessels. Two newbuilds for Adriatic services are expected in 2027.