Athens Water stock falls 1.14 percent as H1 profit returns

Athens Water stock was trading at EUR 12.10 on the Athens Stock Exchange on September 24, 2026, down 1.14 percent from the prior session. The same-day results showed EUR 203.22 million in first-half revenue, up 17.3 percent from EUR 173.26 million a year earlier.

Revenue growth resets the picture

MarketScreener reported on September 24, 2026, that revenue for the six months ended June 30, 2026, reached EUR 203.22 million, compared with EUR 173.26 million in the prior-year period. The 17.3 percent increase gives the utility a measurable operating lift after the introduction of a new tariff framework.

The earnings change was sharper than the revenue move. Net income reached EUR 17.07 million in H1 2026, versus a net loss of EUR 5.57 million in H1 2025, while basic earnings per share from continuing operations rose to EUR 0.16 from a loss of EUR 0.05.

Investment rises with execution risk

TradingView reported on September 24, 2026, that EBITDA rose to EUR 42.6 million and investments increased 22 percent to EUR 43.2 million in H1 2026. That combination matters because the company is expanding its infrastructure base while rebuilding profitability.

Investing.com reported on September 24, 2026, that EYDAP increased its 10-year investment program to EUR 2.8 billion from EUR 2.5 billion. Management also pointed to archaeological and contractor delays, with average project execution at 75 percent and plan execution at 81 percent versus 86 percent or more a year earlier.

Stock stays below yearly high

For investors, the market response remains more restrained than the earnings improvement. At EUR 12.10, Athens Water stock stood EUR 0.82 below its 52-week high of EUR 12.92, a 6.35 percent gap, while its market capitalization was EUR 1,288,650,000 on September 24, 2026.

The figures create a clear divide: revenue, EBITDA and net income improved in H1 2026, but the share price still fell 1.14 percent during the September 24 session. Execution of the larger investment program is therefore the key operating measure alongside tariff-driven revenue growth.