ATHENS, Greece and LONDON, April 9, 2026 /PRNewswire/ --
Commenting on the Financial Results Evangelos Mytilineos, Executive Chairman, stated:
reached in 2025, up 25% from €5,683 million in 2024, primarily fuelled by a record performance of M Renewables sector and more than a twofold increase in the top line of the Infrastructure and Concessions sector.
declined by 30% to , compared to €1,080 million in 2024, despite the strong performance of the core business which continues to demonstrate robust growth momentum. The decrease in EBITDA reflects previously stated project execution-related losses, mainly associated with the Protos project in the UK, which resulted in cost overruns and schedule delays.
METLEN performed a comprehensive review of all MPP projects and has booked losses for cost overruns to date as well as projected cost overruns and potential claims that may arise in the future through METLEN's contractual obligations.
In line with its track-record of safeguarding shareholder interests, METLEN successfully completed the irrevocable partial monetisation of a legal claim in 2025 for €130 million. METLEN holds a number of similar legal claims arising from its ordinary operations and may monetise part of these claims while retaining the upside upon final resolution. Gains from the sale of such claims are recognised in Other Operating Income.
Adjusting for significant unexpected project losses and partial monetization of claims, the of
recorded a c.78% year-on-year decline in profitability due to the aforementioned MPP - related losses. Renewables (Greece and internationally) continued its strong growth trajectory, with profitability increasing by approximately 45% year-on-year (following a similar increase in 2024 versus 2023). This sustained growth is expected to continue, supported by a capital-efficient, self-funded business model and a geographically diversified portfolio, which together provide a competitive advantage over more traditional renewable energy operators.
(comprising of energy generation, electricity & natural gas supply) delivered , broadly in line with 2024, further reinforcing its position as a leading integrated energy provider in Greece. METLEN continued to strengthen its presence across both generation and supply. By year-end, METLEN's electricity supply market share exceeded 21% in Greece, while its generation accounted for approximately 19% of total Greek production, benefiting from the strategic advantages of vertical integration within the Energy Sector. Growth in supply market share was supported by competitive pricing, underpinned by the operation of Greece's most efficient thermal fleet, with business margins consistently maintained above 20%.
profitability was constrained by higher electricity costs, which weighed on margins. METLEN is transitioning to a greener, progressively lower-cost electricity mix, supported by both its own and third-party renewable energy production, further enhancing its cost structure. Increasing renewable energy penetration in METLEN's electricity mix is expected to deliver structurally lower and more stable costs, materially reducing exposure to energy price volatility. This performance will be further enhanced by the strategic synergies between METLEN's Energy and Metals Sectors. Particularly, the aluminium plant operates as a "virtual battery," taking advantage of periods of low electricity prices driven by market oversupply. These operational and strategic advantages position METLEN among the most competitive aluminium producers globally, despite the persistently high energy costs in Europe and the associated production challenges.
Sector, doubled to , up from €50 million in 2024, reflecting strong execution and increased activity. The of contracted and near-award projects is approaching , providing clear visibility on future revenues. The outlook for the Greek construction sector remains highly favourable, underpinned by robust momentum across public and private infrastructure projects, as well as concession schemes.
METLEN is expected to achieve its medium-term objectives, outlined in the CMD in April 2025. Further analysis regarding METLEN's financial results, prospects, business developments and strategy will be provided by METLEN's Management in the scheduled conference call on Thursday 9/4/2026, 9:00 am BST.
is an international industrial and energy Company, holding a leading position in the metals and energy sectors, focused on sustainable growth and the circular economy. METLEN has established itself as a benchmark in competitive "green" metallurgy at both European and global level, operating the only fully integrated bauxite, alumina and primary aluminium production unit in the European Union, with privately owned port facilities. In the Energy Sector, METLEN provides integrated energy solutions through the implementation of thermal and renewable power generation projects, electricity distribution and trading, 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 8,500 people worldwide and implementing a fully synergistic model across its Sectors.
METLEN 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 2025, METLEN reported consolidated revenue of €7.11 billion and EBITDA of €753 million with net profit of €314 million. Adjusted net debt stood at €2.10 billion, with a Net Debt/EBITDA ratio of 3.1x, reflecting strong financial resilience. METLEN is rated by leading international sustainability and ESG agencies, holding the unique Greek position in the Dow Jones Best-in-Class Emerging Market Index, and distinguished across MSCI, Sustainalytics, ISS Quality score, ISS Corporate Score, S&P Global ESG, LSEG, CDP, FTSE Russell, ESG Book, EcoVadis, Bloomberg and IdealRatings.
Logo -
View original content: https://www.prnewswire.co.uk/news-releases/metlen-energy--metals-2025-financial-results-302738070.html