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METLEN ENERGY & METALS S.A. Q1 2025 Trading Update

ATHENS, Greece, April 25, 2025 - METLEN ENERGY & METALS S.A. has released its trading update for the first quarter of 2025, revealing robust growth across its business segments. As part of its commitment to best practices, the company emphasizes transparency and accuracy in presenting its operational performance.

Financial Highlights

The financial results show significant growth, largely attributed to strategic investments and enhanced operational efficiencies. The estimated revenues for Q1 2025 compared to Q1 2024 are as follows:

• - Metals: €228 million (up 11%)
• - Energy: €1,180 million (up 31%)
• - Infrastructure Construction: €92 million (up 171%)
• - Total Revenue: €1.5 billion (up 31%)

Key Developments

Strategic Investments

METLEN has demonstrated strong momentum entering 2025, intending to capitalize on further growth opportunities. One notable move is the increase of Fairfax Financial Holdings Limited's stake in METLEN, agreeing to a €110 million convertible bond issued to acquire 2,750,000 shares.

Commitment to Sustainability

For the third successive year, METLEN has secured a position in the Dow Jones Best-in-Class Emerging Markets Sustainability Index, demonstrating its commitment to environmental, social, and governance (ESG) initiatives. Improving its global performance in ESG, METLEN remains among the top six percent of companies in its sector.

Evangelos Mytilineos, CEO, stated:

"We remain focused on creating long-term growth and value for our shareholders, leveraging operational efficiency and strategic expansion to explore new opportunities in key markets. This year marks a critical milestone for METLEN, enhancing our global leadership and opening new avenues for growth and innovation."

Energy Sector Expansion

In energy, METLEN continues to bolster its position in the global market. The continued demand for solar and Battery Energy Storage Systems (BESS) forecasts further growth. Production stats reveal:

• - Thermal Plants: 2.5 TWhrs (up 25%)
• - Renewable Energy: 0.6 TWhrs (up 78%)
• - Total Production: 3.1 TWhrs (up 35%)

Notable Projects

• - Eastern Green Link 1 (EGL1): METLEN has commenced the construction of this significant underwater connection project that will supply over two million UK households with clean energy.
• - Energy Storage: Investment in battery storage systems aims to enhance energy security and sustainability, focusing on strategic infrastructure projects.
• - Retail Market Growth: The company has captured a significant share in the energy supply market for private customers, reaching 19.4% in Q1 2025.

Metal Sector Metrics

The metals division has proven instrumental in METLEN's growth strategy, with key production volume highlights:

• - Aluminium Production: Slight decreases reported in several areas but offset by strategic investments.
• - Major Investment: The announcement of a groundbreaking €295.5 million investment to establish an integrated production line for critical raw materials in Greece.
• - Long-term Agreements: Partnerships with Rio Tinto enhance supply chain logistics necessary for sustainable growth.

Infrastructure and Concessions

Infrastructure projects have yielded substantial revenue increases, including the restoration of the Athens-Thessaloniki double railway line following natural disasters. METKA ATE has rapidly secured a strong project portfolio in this sector, reflecting its operational efficiencies.

Looking Ahead

METLEN is committed to executing its strategic initiatives in energy and metals while enhancing its market competitiveness. A detailed outlook is expected to be presented during the upcoming Capital Markets Day at the London Stock Exchange.

Conclusion

As METLEN ENERGY & METALS S.A. continues to make significant strides in sustainability and operational efficiency, the company is poised for ongoing growth in 2025. The focus on both sectors ensures a robust foundation for long-term shareholder value, while the dedication to infrastructure and strategic partnerships highlights METLEN's role as a leader in the industry.

For more information, visit METLEN's website to explore how they lead in green metallurgy and energy solutions.