METLEN ENERGY & METALS: NINE MONTHS 2025 TRADING UPDATE
Rhea-AI Summary
Metlen Energy & Metals (MTLPF) reported a nine-month trading update to 30 September 2025: turnover €5,115m, up 22% year-over-year, and management says it remains on track to meet full-year EBITDA targets. Key corporate developments include inclusion in the FTSE 100 and Fitch reaffirmation of BB+ (Stable). A Final Investment Decision was taken for a 330MW / 790MWh standalone battery energy storage system in Thessaly, Greece, expected operational in Q2 2026. The company disclosed long-term PPAs/partnerships with Copec EMOAC (Chile), ENGIE (UK) and HRE / Brookfield (South Korea).
Prior-year consolidated metrics cited: 2024 revenue €5.68bn, EBITDA €1.08bn, net profit €615m, adjusted net debt €1.78bn (Net Debt/EBITDA 1.7x).
Positive
- Turnover +22% to €5,115m in 9M 2025
- Included in the FTSE 100 index in Sept 2025
- Fitch reaffirmed BB+ (Stable) credit rating
- 330MW / 790MWh BESS FID with Q2 2026 expected operation
- Signed long-term PPAs with Copec, ENGIE, and HRE
Negative
- Adjusted net debt of €1.78bn (Net Debt/EBITDA 1.7x)
- Credit rating at BB+ (below investment grade)
-
Turnover
increased to €5,115 million, compared to
€4,203 million in 9M 2024 (+22% ). - The Company remains on track to meet the Full Year EBITDA target.
- In September 2025, METLEN was included in the FTSE 100 Index – a milestone reflecting its continued expansion, investor confidence, and strengthening international capital markets presence.
- Recently Fitch reaffirmed its 'BB+' credit rating with a Stable Outlook for METLEN, highlighting the Company's solid financial profile.
- Final Investment Decision for the largest standalone energy storage unit in
Greece , confirmed. The project, of 330MW / 790MWh Battery Energy Storage System (BESS) project in Thessaly,Greece is expected to be completed in the second quarter of 2026, promoting the stability and flexibility of the power system as part of the broader energy transition. - Long-term PPAs and strategic partnerships agreed with Copec EMOAC in
Chile , ENGIE in theUK and HRE (Brookfield Renewable Partners) inSouth Korea .
Evangelos Mytilineos, Chairman and CEO stated:
"In the first nine months of 2025, the Company delivered a step change in investment, while at the same time, produced a strong performance across all core Business Units.
"Geopolitical uncertainty, trade tensions and heightened volatility in the global energy and metals markets have not obstructed the company's growth trajectory.
"The strategic investments that form part of our medium-term strategy reflect the commitments undertaken in our Capital Markets Day in
"Most advanced are the Bauxite – Alumina – Gallium project, the Circular Metals Pilot plant which is now in the Commissioning phase, the 3rd plant of our M Technologies hub in Volos, to be commissioned in Q2 2026 and the aforementioned massive Stand-Alone Battery Storage unit of 330MW, expected to be operational in Q2 2026.
"Collectively, these initiatives are designed to strengthen synergies across METLEN's business sectors and support the achievement of our ambitious strategic and financial goals."
Full Nine Months 2025 Trading Update can be found HERE.
The financial and operational data presented in this trading update fairly represent Metlen Energy & Metals SA's performance for the nine months ended 30 September 2025. There were no material differences between the financial and operating performance of Metlen Energy & Metals PLC and Metlen Energy & Metals SA during this period.
METLEN Energy & Metals Plc (METLEN) is the parent company of the international industrial and energy group, a leader in the metallurgy and energy sectors, focused on sustainable growth and the circular economy. METLEN is a benchmark in competitive "green" metallurgy at both European and global level, operating the only fully integrated bauxite, alumina and primary aluminium production plant in the European Union, with privately owned port facilities. In the energy sector, the Company provides integrated solutions through the implementation of thermal and renewable power generation projects, electricity distribution and supply, as well as investments in network infrastructure, battery storage and other green technologies. METLEN operates across five continents and in more than 40 countries, employing over 9,000 people worldwide and applying a fully synergistic model across its metallurgy, energy and end-to-end energy project development activities.
METLEN Financial Highlights
The Company has its primary listing on the London Stock Exchange and secondary listed on the Athens Stock Exchange, and is a constituent of the FTSE 100 Index. In 2024, METLEN reported consolidated revenue of
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SOURCE METLEN Energy & Metals
FAQ
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