Lisbon Metro reduces losses to 19.8 million in 2024

The Lisbon Metro reported losses of 19.8 million euros last year. This is an improvement of 4.16 million compared to the 23.9 million losses in 2023, but represents a deviation of 7 million from the budget.

In 2024, there was a recovery in demand for the Lisbon Metro compared to the previous year, with increases of 6.3% in validations and a further 6.5% in total passengers. This evolution was driven, in part, by the free travel measures implemented throughout the year.

Turnover fell 0.7% to 132.3 million euros, below the 2024 Activities and Budget Plan (PAO) where the public company forecast a turnover of around 135.4 million euros.

EBITDA was negative at 5.8 million euros, 57.6 thousand euros lower than the value recorded in year-on-year terms. In comparison with the PAO 2024 estimate, there was an improvement of 3.5 million euros.

The Lisbon Metro has participating companies such as Ferconsult, Metrocom, TREM and TREM II.

The year 2024 was also marked by the granting of prior approval by the Court of Auditors to the Amendment to the Concession Contract for the Public Passenger Transport Service of the Lisbon Metro, valid until 1 July 2030. “This progress guarantees the conditions of stability and predictability that are fundamental to the implementation of the demanding investment plan currently underway and to reinforce the strategy of improvement and sustainable development of the public transport service”, reveals the company's president, Maria Helena Campos.

The Lisbon Metro will have only two members from July 1st and the appointment of the board has not yet taken place. The process is ongoing.