New investments are being made in complementary sectors of the core business. Total investment cash outflows in 2024 amounted to EUR 162m.
It should be noted that the results for the fiscal year 2024 bear non-recurring expenses of a total amount of EUR 28.2m related to the merger and operational integration of ANEK, including costs associated with the voluntary exit scheme, the fleet upgrading, the training and integration of crew and onshore personnel, as well as other merger-related costs.

In addition, the Group's operating cost was burdened by the emission allowances purchase cost of EUR 18.9m, in compliance with the European Union Emissions Trading System requirement which came into effect on 1 January 2024. The Group’s equity amounted to EUR 501.5m from EUR 495.7m, with the leverage ratio standing at 52% as at 31.12.2024. Cash and cash equivalents as at 31.12.2024 amounted to EUR 75.8m down from EUR 103.4m as at 31.12.2023, primarily due to the ongoing implementation of the Group’s extensive investment plan, whilst unutilised credit lines as at 31.12.2024 amounted to EUR 26.1m.

The Group’s traffic volumes increased compared to 2023. More specifically, in 2024, the Group vessels transported 7.29m passengers (6.49m), 1.3m private vehicles (1.04m) and 0.53m freight units (0.42m). The number of sailings during 2024 reached 18,185 (17,102).

Fleet change initiatives included the agreement for the long-term charter with a purchase option of two E-Flexer vessels, currently under construction, the acquisition of the high-speed vessel HIGHSPEED 3 (ex. THUNDER), the exercise of the purchase option regarding the ro-pax vessels KISSAMOS and KYDON, extensive digitisation projects across the Group’s operations, as well as environmental upgrades and maintenance of the Group's vessels. Within the context of the fleet renewal, the Group sold in 2025 the ro-pax vessel KRITI II for recycling.

Full report https://www.attica-group.com/storage/media/press-releases/2024-financial-results-10032025-UiNk.pdf

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