METLEN record H1 2026 results
Analysis based on 7 articles · First reported Aug 06, 2026 · Last updated Aug 06, 2026
The strong results and reaffirmed guidance are likely to boost investor confidence in METLEN, supporting its share price on the London and Athens exchanges. The deleveraging and strategic progress, including the gallium offtake agreement, may enhance the company's credit profile and attract further investment.
Metlen Energy & Metals PLC PLC announced record H1 2026 financial results on August 6, 2026. Revenue increased 11% to EUR 3,987 million, EBITDA reached a record EUR 550 million, and net profit rose to EUR 313 million. The company reduced adjusted net debt by EUR 728 million, lowering net leverage to 1.7x from 3.1x. METLEN reaffirmed its 2026 EBITDA guidance of EUR 1.00-1.15 billion and medium-term target of EUR 1,920-2,080 million. Key strategic milestones included signing a gallium offtake agreement with a leading U.S. technology company, energizing 0.4GW of battery storage projects in Greece and Italy, and progressing legacy contracts at Protos, Grudziadz, and Drax. Executive Chairman Evangelos Mytilineos highlighted the company's return to its medium-term growth trajectory and resilience amid geopolitical uncertainty.
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