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    Regulated Water
Thessaloniki Water Supply & Sewerage Co S.A.

Thessaloniki Water Supply & Sewerage Co S.A.

EYAPS.AT
Thessaloniki Water Supply & Sewerage Co S.A.GR flagAthens Stock Exchange
4.33
EUR
-0.07
- -
157.18MMarket Cap
Thessaloniki Water Supply & Sewerage Co S.A.
EYAPS.AT
(Athens Stock Exchange)

Recent

price

4.33

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.96
2.08
2.03
1.99
2.03
2.01
2.02
2.02
2.01
2
1.98
2.03
1.95
2.25
2.35
- -
2.01
Revenue per Share
0.34
0.57
0.49
0.36
0.37
0.37
0.34
0.45
0.39
0.4
0.33
0.31
-0.11
0.04
0.16
- -
0.37
Basic EPS, GAAP
0.07
0.3
0.39
0.48
0.15
0.21
0.37
0.41
0.34
0.21
0.42
0.48
-0.32
-0.16
-0.11
- -
0.21
Free Cash Flow per Basic Share
0.13
0.11
0.19
0.16
0.29
0.23
0.24
0.22
0.21
0.12
0.27
0.22
0.22
- -
0.03
- -
- -
Dividend per Share
2.17
2.6
2.89
3.07
3.2
3.31
3.39
3.6
3.88
4.13
4.2
4.29
3.97
3.93
4.06
- -
3.31
Book Value per Share
2.98
3.43
3.75
3.95
4.01
4.15
4.24
4.47
4.76
5.04
5.12
5.21
4.88
3.21
3.45
- -
4.15
Tangible Book Value per Share
36
36
36
36
36
36
36
36
36
36
36
36
36
36
36
- -
36
Basic Weighted Avg Shares
71
75
74
72
74
73
73
73
73
73
72
74
71
82
85
88
73
Sales/Revenue/Turnover
26.82
36.74
32.33
25.55
31.74
30.85
31.86
35.22
31.29
30
22.66
21.6
-6.42
6.97
11.52
10.21
30.85
Operating Margin (%)
6
6
6
6
6
6
6
7
6
7
7
6
5
6
6
7
6
Depreciation Expense
12
21
18
13
13
13
12
16
14
15
12
11
-4
1
6
8
13
Net Income, GAAP
40.59
20.81
17.2
26.11
34.18
34.86
42.77
34.02
33.17
29.02
28.97
28.04
- -
50.4
30.23
25.43
34.86
Effective Tax Rate (%)
17.42
27.31
23.99
18.08
18.16
18.46
17
22.41
19.17
20.17
16.52
15.4
-5.63
1.73
6.85
8.8
18.46
Profit Margin (%)
41
57
70
82
86
89
95
105
117
132
137
135
115
106
111
97
89
Working Capital
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
LT Debt
108
125
136
143
146
151
154
162
173
183
186
189
177
176
187
186
151
Total Equity
- -
17.41
15.09
10.25
11.26
10.96
10.1
12.57
10.71
10.28
7.5
6.61
- -
1.58
3.72
3.5
10.96
Return on Invested Capital (%)
- -
23.58
17.74
12.09
11.77
11.41
10.24
12.97
10.32
10.07
7.97
7.33
- -
1.01
4.04
5.12
11.41
Return on Capital (%)
- -
23.81
17.8
12.09
11.77
11.41
10.24
12.97
10.32
10.08
7.85
7.35
-2.66
0.98
4.04
5.12
11.41
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'15
Sep'15
Dec'15
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
36
36
36
Market Capitalization
61
73
76

Working Capital

FRC

•

in mil. unless spec.
Jun'15
Sep'15
Dec'15
Total Current Assets
113
104
100
Cash, Cash Equivalents & STI
59
51
51
Accounts Receivable, Net
62
62
62
Inventories
1
1
1
Total Current Liabilities
31
19
11
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.23%
0.13%
-0.2%
Free Cash Flow
8.51%
-8.37%
190.33%
Net Income, GAAP
6.67%
14.29%
31.59%
Sales/Revenue/Turnover
1.94%
4.19%
2.42%
Total Cash Common Dividend
1,642.81%
3,272.79%
99.29%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
82
2024
- -
- -
- -
- -
85
2025
- -
- -
- -
- -
88

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.04
2024
- -
- -
- -
- -
0.16
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
0.03
2025
- -
- -
- -
- -
- -
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Business
Thessaloniki Water Supply & Sewerage Co S.A. (EYAPS.AT) operates as the primary provider of water supply, sewerage collection, and wastewater treatment services in the greater Thessaloniki metropolitan area of Greece. The company manages the full water cycle, including raw water intake from reservoirs and aquifers; production and distribution of potable water through an extensive network of pipelines, pumping stations, and reservoirs; collection of sewage via sewer systems; and advanced treatment at wastewater facilities to meet environmental standards before discharge or reuse. It offers additional services such as water quality monitoring, leak detection and repair, customer metering and billing, and environmental compliance consulting for industrial clients. EYAPS serves residential, commercial, industrial, and municipal customers across Central Macedonia, with primary operations focused on Thessaloniki and surrounding municipalities, supported by a headquarters in Thessaloniki and regional facilities. Founded in 1987 as a publicly listed société anonyme on the Athens Stock Exchange, the company maintains strategic partnerships with local authorities and has pursued sustainability initiatives, including recent upgrades to its wastewater treatment plants for enhanced biogas production and energy self-sufficiency. In the last two years, EYAPS announced a major expansion project in 2024 involving a €50 million investment in smart water metering technology and digital infrastructure to reduce non-revenue water losses by 20%; formed a strategic alliance with European Union-funded programs for climate-resilient infrastructure; and completed the acquisition of complementary assets from smaller regional providers to consolidate market share in northern Greece, reflecting a shift toward integrated digital water management solutions.