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Metlen Energy & Metals S.A. Trading Update Q1 2025

Introduction

Metlen Energy & Metals S.A. has made headlines with its latest trading update for the first quarter of 2025. This multinational corporation, known for its endeavors in both the energy and metals sectors, has reported significant financial growth fueled by strategic investments and enhanced operational efficiencies.

Financial Performance

In the Q1 of 2025, Metlen's revenue reached an impressive €1.5 billion, marking a 31% increase from €1.143 billion in the same period last year. This outstanding performance can be attributed to notable sales increases across its key sectors:

• - Metals: Revenue rose to €228 million, an increase of 11%.
• - Energy: Sales surged to €1.18 billion, up by 31%.
• - Infrastructure & Construction: This sector saw tremendous growth of 171%, reaching €92 million.

These figures reflect Metlen’s robust strategy and operational effectiveness, setting a strong foundation for ongoing success.

Strategic Developments

As 2025 unfolds, Metlen continues to establish itself as a strategic leader in both the energy and metal markets.

• - Increased Stake by Fairfax: Fairfax Financial Holdings increased its stake in Metlen by agreeing to an exchangeable bond worth €110 million. This offer allows Fairfax to acquire nearly 2.75 million shares at €40 each, showcasing investor confidence in Metlen’s future.
• - Sustainability Recognition: Maintaining its reputation for corporate responsibility, Metlen has been listed in the Dow Jones Best-in-Class Emerging Markets Sustainability Index for three consecutive years, indicating its commitment to social and environmental governance.

CEO Statement

Evangelos Mytilineos, CEO of Metlen, emphasized their ongoing commitment to creating long-term shareholder value. “By focusing on operational efficiency and strategic expansion, we continue to leverage our strengths to uncover new opportunities in key markets,” he stated, highlighting Metlen's goals for growth and innovation.

Operational Highlights

Energy Sector

Metlen is intensifying its global energy initiatives, expanding its footprint in critical regions and advancing strategic projects. The increasing demand for solar energy projects and Battery Energy Storage Systems (BESS) is aligning perfectly with Metlen’s current initiatives.

• - Key Performance Indicators: In Q1 2025, thermal power production increased by 25% to 2.5 TWh, while renewable energy output surged by 78% to 0.6 TWh. Total global production reached 3.1 TWh, a 35% improvement from the prior year.

Projects under development are expected to bolster Metlen's position in the energy market significantly, particularly with its net energy export capabilities from Greece.

Metals Sector

The metals division also exhibited impressive results. Metlen recorded steady production levels while embarking on substantial investments:

• - Production Metrics: Bauxite, alumina, and aluminum production showed resilience despite minor fluctuations.
• - Historically Significant Investment: Metlen announced a significant €295.5 million investment aimed at enhancing alumina and gallium production capabilities in Greece, thus fortifying Europe’s self-sufficiency in critical materials.
• - Strategic Agreements: A long-term partnership with Rio Tinto to secure the supply chain of bauxite and alumina underscores Metlen's commitment to maintaining competitive market positioning.

Infrastructure and Concessions

The Infrastructure and Concessions sectors also reported a remarkable over 100% growth compared to the previous year, with significant contracts awarded, including critical restoration projects for railway lines in Greece.

Future Outlook

Metlen remains steadfast in executing strategic initiatives within the energy and metals sectors. Continued investment and partnerships will likely enable the corporation to strengthen its competitive edge in global markets. A detailed overview of future developments and investment programs will be shared during the upcoming Capital Markets Day scheduled for April 28, 2025.

Conclusion

Overall, Metlen Energy & Metals S.A. is poised for substantial growth and innovation as it ventures deeper into 2025. With a clear focus on efficiency, strategic expansion, and sustainability, it stands as a leader in both the energy and metals industries, promising long-term value to its shareholders and stakeholders alike.

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