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METLEN Energy & Metals: Trading Update Q1 2026

On May 7, 2026, METLEN Energy & Metals PLC (LSE: MTLN, Athens Listing: MTLN) provided its trading update for Q1 2026, revealing a robust start to the year marked by a 37% increase in revenue year-over-year, amounting to €2.05 billion. The company is seeing positive momentum across its Energy, Metals, and Infrastructure sectors, offering a promising outlook as it navigates its strategic investment program aimed at maintaining a steady medium-term growth trajectory.

Notable Achievements

• - Revenue Growth: The impressive revenue increase of 37% compared to the previous year underscores METLEN's effective business strategies amidst fluctuating market conditions.
• - Restructuring Efforts: The Energy Sector has been streamlined into two primary business lines while enhancing its activities under the M RESET platform, showing a commitment to efficiency and effectiveness.
• - Reorganization of Metals Sector: The Metals Sector has been restructured into three focused growth verticals, positioning the company for future success.
• - Energy Storage Expansion: METLEN secured approximately 2 gigawatts (GW) of energy storage capacity through strategic partnerships, bolstering its renewable energy offerings. This enhancement aligns with the ongoing global shift toward sustainable energy solutions.
• - UK Solar Portfolio: The divestment of a 283 megawatt (MW) solar portfolio in the UK was executed under an asset rotation strategy, further optimizing the company’s asset management.
• - Participation in VOAK Project: The company has secured participation in the VOAK concession project in Greece, expanding its footprint in the European energy landscape.
• - New London Offices: The opening of new offices in London demonstrates METLEN's commitment to its operational expansion and engagement with critical markets.

Executive Insights

Evangelos Mytilineos, Executive Chairman of METLEN, commented on the first quarter results, stating, "We have commenced 2026 with strong operational momentum across all our business sectors. Our focused investments in energy transition, critical raw materials, and defense, in conjunction with disciplined execution, position METLEN to thrive amid complex geopolitical dynamics, fostering sustainable growth."

Outlook for 2026

As we analyze the current climate, METLEN remains resilient amid heightened geopolitical tensions and ongoing global conflicts that impact energy markets and defense demands. The company sees these challenges as opportunities for reinforcing its strategic importance through interrelated business models rooted in energy security and sustainability.

Management has expressed cautious optimism for the remainder of 2026, grounded in a robust project pipeline, growing demands across essential sectors, and continued implementation of its investment program. Further information is expected to be disclosed during the upcoming Annual General Meeting set for May 21, 2026.

About METLEN

METLEN Energy & Metals PLC is a global leader in the energy and metals sectors focused on sustainability and the circular economy. Structuring itself as a benchmark for green metallurgy in Europe and beyond, the company provides integrated energy solutions, including projects for thermal and renewable power generation and investments in electric distribution and trading. Operating in over 40 countries and employing more than 8,500 individuals, METLEN champions a synergistic model that intertwines its various business sectors for maximized efficiency and innovation.

For more information, visit www.metlen.com.