| 1. Round | 28/08/2011 | AO Kerkyra | - | Panathinaikos | 0:2 |  |
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| 2. Round | 11/09/2011 | Panathinaikos | - | PAS Giannina | 3:1 | |
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| 3. Round | 17/09/2011 | Atromitos | - | Panathinaikos | 1:1 | |
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| 6. Round | 16/10/2011 | Skoda Xanthi | - | Panathinaikos | 2:3 | |
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| 7. Round | 22/10/2011 | Panathinaikos | - | Ergotelis | 4:0 | |
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| 8. Round | 30/10/2011 | PAOK Saloniki | - | Panathinaikos | 1:3 | |
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| 9. Round | 06/11/2011 | Panathinaikos | - | AEK Athen | 3:2 | |
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| 10. Round | 19/11/2011 | Olympiakos Piraeus | - | Panathinaikos | 1:1 | |
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| 11. Round | 27/11/2011 | Panathinaikos | - | OFI Heraklion | 3:1 | |
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| 12. Round | 04/12/2011 | Aris Saloniki | - | Panathinaikos | 3:1 | |
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| 13. Round | 11/12/2011 | Panionios GSS | - | Panathinaikos | 1:2 | |
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| 14. Round | 17/12/2011 | Panathinaikos | - | Asteras Tripolis | 3:1 | |
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| 16. Round | 08/01/2012 | Panathinaikos | - | AO Kerkyra | 1:0 | |
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| 17. Round | 15/01/2012 | PAS Giannina | - | Panathinaikos | 0:1 | |
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| 4. Round | 18/01/2012 | Panathinaikos | - | Doxa Dramas FC | 1:0 | ||||
| 18. Round | 22/01/2012 | Panathinaikos | - | Atromitos | 1:0 | ||||
| 5. Round | 25/01/2012 | Panathinaikos | - | Levadiakos | 3:0 |
Argentina