Eurokai KGAA

Latest Results (11.06.2026):

EUROKAI GmbH & Co. KGaA — first half (H1) 2025 results (reporting period to 30 June 2025, covering Q1–Q2 2025): the Group posted higher revenues and substantially improved profits driven by stronger volumes, higher storage fees and a markedly better at‑equity contribution (notably from EUROGATE). Consolidated revenue rose to EUR 130.8m, EBIT to EUR 29.2m and consolidated profit to EUR 48.9m. Handling volumes grew 13.8% to 6.844m TEU. The balance sheet remained strong (equity ratio ~67%) and cash was EUR 223.2m at period end.

Key financials (H1 2025)

Revenue: EUR 130.8m (up from EUR 120.4m, +≈8.6% YoY). EBIT: EUR 29.2m (vs EUR 24.0m). Earnings before tax: EUR 61.1m (vs EUR 42.2m). Consolidated net profit: EUR 48.9m (vs EUR 34.5m; +≈42% YoY). Basic/diluted EPS: EUR 2.82 (vs EUR 1.76).

What drove the profit increase

Major drivers were higher operating volumes and storage fees (La Spezia and other terminals), and a substantially improved result from equity‑accounted investments — income from associated companies rose to EUR 32.3m, mainly reflecting a stronger EUROGATE contribution. Offsetting items: higher personnel costs, more depreciation and higher repair/other operating expenses.

Volumes by region

Total throughput 6,844,079 TEU (+13.8% YoY). Germany: 4,234,260 TEU (+21.3%) — Hamburg 1,128,102 TEU (+19.3%), Bremerhaven 2,441,473 TEU (+8.7%), Wilhelmshaven 664,685 TEU (+122.9%). Italy: 860,315 TEU (+4.6%). Other (incl. Tangier, Limassol): 1,749,504 TEU (+2.7%).

Segments & operational highlights

CONTSHIP Italia: higher volumes and storage fees lifted results (group reports CONTSHIP net income improved to ~EUR 25.7m). EUROGATE (reported at‑equity): strong throughput growth (helped by the Gemini cooperation launched 1 Feb 2025) and high storage/reefer revenues materially improved its contribution. Damietta Alliance terminal expected to start operations in Q4 2025; La Spezia expansion faces ongoing appeal in procurement litigation.

Cash flow and balance sheet

Cash and cash equivalents: EUR 223.2m (30 Jun 2025). Net cash from operating activities: EUR 28.8m. Net cash used in financing: EUR -51.5m (incl. dividend payments ~EUR 46.0m). Net investing cash flow was positive in the period (driven by large dividends received and movements in deposits/loans), but investments and loans to associates increased. Total assets EUR 970.9m; equity ratio ~67% (unchanged).

Outlook and risks (management view)

Management upgraded expectations vs earlier guidance: CONTSHIP Italia now expected roughly in line with 2024 (better than previously forecast lower result) and EUROGATE is expected to perform better than earlier anticipated due to continued throughput and strong storage/reefer revenues. Risks cited remain macro/geo‑political uncertainty, trade volatility and the pending legal appeal on La Spezia expansion.