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METLEN Energy & Metals PLC Nine-Month Trading Update

On November 5, 2026, METLEN Energy & Metals PLC announced its trading update for the period ending September 30, 2026, reflecting a robust financial performance. This trading update is pivotal as the company navigates the complexities of the energy and metals markets while making strategic advancements across its business segments.

Key Highlights

During the nine-month period, METLEN achieved a remarkable €6.2 billion in revenue, marking the highest figure recorded for any nine-month span in the company's history. This represents a significant 21% increase from revenue of €5.1 billion reported in the same period last year. Such an upward trend is indicative of the company's resilience and the successful execution of its strategy in a competitive market environment.

Despite facing challenges such as an extended outage of its largest thermal power generator, METLEN successfully navigated these obstacles, and the generator returned to full operation in October 2026 after 44 days of repairs. This not only showcases the company’s operational efficiency but also reaffirms its steadiness amid market volatility.

Strategic Developments

To further enhance its business strategy, METLEN is focusing on diversifying its operations and expanding its portfolio. The company has initiated several strategic initiatives, including:

• - Development as a Standalone Infrastructure Platform: METLEN is advancing its METKA division, which aims to operate independently to leverage its unique market position. This includes exploring the potential for an Euronext Athens listing to increase its growth and financial autonomy.
• - Risk Management: The company has made strides in de-risking its MPP business, successfully executing its First Fire milestone at the PROTOS Energy Recovery Facility in Cheshire and progressing with its 560 MW CCGT project in Poland.
• - Asset Rotation Strategy: Continuing with its strategy, METLEN has sold the 165 MW / 725 MWh Tamarico II solar-plus-storage project in Chile to Copec, redirecting resources toward potentially more profitable ventures.

Growth in Commercial Ventures

Moreover, METLEN has bolstered its commercial strategy by securing a long-term agreement for gallium with a major Japanese chemicals company. This new partnership is expected to enhance its market presence and generate additional revenue streams. The company also announced further offtake agreements will soon be initiated.

The energy-storage segment has also seen significant growth as METLEN inaugurated major Battery Energy Storage System (BESS) projects in Greece and Italy. These projects are part of the company's broader commitment to advancing renewable energy solutions and reinforcing energy security.

Supply Chain Advancements

In a move to ensure a reliable gas supply, METLEN has signed a five-year agreement with PETRONAS for six annual LNG cargoes starting in 2027. This agreement is critical as it supports the company's operations while maintaining market competitiveness.

Conclusion

Evangelos Mytilineos, the Executive Chairman of METLEN, emphasized the company's consistent and determined execution of its strategies which capitalize on its diversified business model. He reaffirmed the company's commitment to disciplined execution and operational excellence, ensuring that METLEN continues to create sustainable long-term value.
As market conditions remain unpredictable, METLEN's proven resilience and strategic foresight position it strongly for continued growth.

For more detailed information, visit METLEN’s official website.

About METLEN Energy & Metals PLC

METLEN is a leading international player in the energy and metals sectors, emphasizing sustainable growth and innovation. With operations spanning over 40 countries and a workforce of more than 8,500, METLEN stands at the forefront of the circular economy, setting benchmarks in competitive green metallurgy and energy solutions. The company's strong financial health is evidenced by its leadership in the FTSE 100 Index and high rankings in several international sustainability assessments.