Metlen Energy & Metals Delivers Impressive Nine-Month Results
ATHENS, Greece and LONDON /PRNewswire/ -- Metlen Energy & Metals (LSE: MTLN) today shares a comprehensive trading update for the nine-month period.
Financial Highlights
The Company's turnover surged to €5,115 million, marking a robust 22% increase compared to the previous year. Such growth is a testament to their effective strategies and market positioning. The impressive results highlight Metlen's resilience amidst geopolitical uncertainties and fluctuating market conditions.
Strategic Growth Initiatives
In a significant development, Metlen joined the elite FTSE 100 Index. This milestone underlines the firm’s steady expansion and investor confidence in the company's vision. In September 2025, Fitch reaffirmed its 'BB+' credit rating for Metlen, reflecting a solid financial profile that reassures stakeholders.
Investment in Energy Storage
Metlen confirmed the Final Investment Decision on a groundbreaking energy project. The ambitious 330MW / 790MWh Battery Energy Storage System is tailored to bolster Greece's energy stability and will commence operations in 2026. This aligns perfectly with Metlen's commitment to advancing sustainable energy solutions.
Strengthening Partnerships
Strategic long-term Power Purchase Agreements (PPAs) were established with Copec EMOAC in Chile, ENGIE in the UK, and HRE (Brookfield Renewable Partners) in South Korea. These partnerships signify Metlen's commitment to expanding its footprint in diverse global markets.
Forward-Looking Statements
Evangelos Mytilineos, Chairman and CEO, expressed optimism about the company's trajectory: "In the first nine months of 2025, we have commenced transformative investments while maintaining a stellar performance across all core business segments." He acknowledged the challenges, including trade tensions and volatility in the energy sector, yet emphasized they have not hindered Metlen's growth.
He elaborated, "The investments we are undertaking reflect our strategic commitments made during the Capital Markets Day in April. They focus on future growth and transformation. Our ongoing projects include a Bauxite – Alumina – Gallium initiative and the Circular Metals Pilot plant, now in commissioning, alongside our third M Technologies hub plant in Volos, anticipated for completion in Q2 2026."
Company Overview
METLEN is more than a leader in metallurgy and energy; it is a pioneer in sustainable practices. With its primary operations centered on circular economy principles, the company operates the EU’s only fully integrated bauxite, alumina, and primary aluminum production facility.
Commitment to Sustainable Growth
Metlen fosters a synergistic operational model across its projects globally, managing investments in thermal and renewable power generation, electricity distribution, and innovative energy solutions. With a dedicated workforce of over 9,000, Metlen has established a significant presence across five continents.
Financial Performance Summary
Listing primarily on the London Stock Exchange and secondarily on the Athens Stock Exchange, Metlen is a proud constituent of the FTSE 100 Index. The company reported a consolidated revenue of €5.68 billion in the previous year, with an EBITDA of €1.08 billion, demonstrating a year-on-year increase of 7%. Their strong net profit of €615 million and adjusted net debt of €1.78 billion underscore robust financial stability.
Frequently Asked Questions
What is the recent financial performance of Metlen Energy & Metals?
Metlen reported a turnover of €5,115 million for the nine-month period, a significant increase from the previous year.
When is the new battery storage project expected to be operational?
The 330MW / 790MWh Battery Energy Storage System is planned for completion in Q2 2026.
What rating did Fitch assign to Metlen recently?
Fitch reaffirmed a 'BB+' credit rating with a Stable Outlook for Metlen, reflecting a solid financial profile.
Which major stock index did Metlen join?
Metlen was included in the FTSE 100 Index, highlighting its growth and investor confidence.
How many employees does Metlen have?
Metlen employs over 9,000 people worldwide, contributing to its operational success across various markets.
