EYDAP returned to profitability in the first half of 2026 and is stepping up its investment programme, with Eastern Attica already absorbing €16.5 million for major projects. For Spata and Artemida, the key priority remains the completion of the sewerage network and the Rafina Wastewater Treatment Plant.
EYDAP’s financial results for the first half of 2026 are of particular interest to Eastern Attica, as the company now links the improvement in its financial position to the accelerated implementation of its major investment programme.
Total investment amounted to 43.2 million euros, an increase of 22 per cent compared with the corresponding period in 2025. Of the €39.2 million allocated to specific projects under the investment programme, €16.5 million was channelled into major projects in Eastern Attica.
What is changing in EYDAP’s finances
The company’s turnover rose by 17.3 per cent to €203.2 million, up from €173.3 million in the first half of 2025.
EBITDA stood at €42.6 million, up from €10.6 million last year, whilst EYDAP reported a net profit of €17.1 million, compared with a loss of €5.6 million in the corresponding period last year.
This improvement is largely linked to the new tariff structure introduced on 1 January 2026, which includes, amongst other things, changes to water supply standing charges and the introduction of a standing charge for sewerage services.
For local residents, however, the most important question is how these economic figures translate into actual projects.
€16.5 million already allocated to major projects in Eastern Attica
Eastern Attica is one of the key pillars of EYDAP’s investment plan.
Of the investment in projects during the first half of the year:
- €18.7 million was allocated to water supply projects
- €16.5 million for major projects in Eastern Attica
- €3.7 million for sewerage works
- €0.4 million for building works and digital transformation projects.
The company’s total investment programme amounts to approximately 2.8 billion euros, whilst 43 per cent of the funding in the first half of the year was provided by the European Union.
The big challenge for Spata and Artemida
For the Municipality of Spata–Artemida, the sewerage system is one of the largest infrastructure projects of recent decades.
Work on the network is continuing in successive phases, whilst in September EYDAP also issued a new announcement regarding external connections on roads in Spata and Artemida.
In Artemida, eleven roads and sections of road are included in the 8th notice concerning the free construction of external junctions, with the deadline for submitting the relevant applications set for 15 October 2026.
This is the most immediate and visible part of a much larger project, which includes pipelines, networks and sewage treatment plants across much of Eastern Attica.
Rafina Detention Centre: the project directly affecting Artemida and Spata
A key project for the area is the Rafina Wastewater Treatment Plant, which will serve Rafina, Pikermi, Spata and Artemida.
The tender has been re-advertised with a budget of 124 million euros including VAT — approximately 100 million euros excluding VAT — whilst the auction is scheduled for 3 November 2026.
The progress of this particular project is crucial, as the local networks being constructed in Spata and Artemida are only part of the overall system. For the sewerage system to function fully, the corresponding wastewater treatment infrastructure is also required.
A €1 billion programme for the sewerage system
In Eastern Attica, EYDAP’s overall sewerage programme has been presented with a budget of approximately 1 billion euros.
According to figures presented in July, there were 70 projects under way, approved funding of 530 million euros, projects in the preparation phase worth €470 million and projects in the tendering phase worth €255 million.
Upon completion of the programme, there will be approximately 1,500 kilometres of sewers and three sewage treatment works, with the overall scheme designed to serve around half a million residents.
What does this mean for residents?
EYDAP’s return to profitability does not in itself mean that the problems with the projects in the area have been resolved. What is of practical importance for Artemida and Spata is whether the company’s increased financial capacity will translate into faster progress on construction sites, the completion of the networks and the operation of the entire sewerage system.
EYDAP states that, for the second half of 2026, one of its key priorities is precisely the progress of the projects in Eastern Attica.
For Spata and Artemida, therefore, the coming period is of particular importance: on the one hand, the branch lines and local networks are continuing to be developed, whilst on the other, the outcome of the major tender for the Rafina Border Control Centre is awaited.
