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Metlen Energy & Metals PLC on Friday revised down its earnings expectations for the full year, as it noted challenges with its M Power Projects business and the timing of transactions in its asset rotation plan of M Renewables. Metlen is an Athens and London-based aluminium producer and electricity generator. It also invests in network infrastructure, battery storage, and other green technologies. Shares in Metlen were down 15% at €38.35 on Friday morning in London. The company explained that further to the challenges noted in its interim report back in September, it has identified additional cost overruns and schedule delays solely impacting the performance of MPP. Metlen noted that impacted projects are anticipated to be completed on time and with a revised budget. It added that management has implemented further operational controls to enhance oversight of these projects going forward. Looking at M Renewables, Metlen said that three M Renewables asset rotation transactions, across the UK, Spain and Australia, had been anticipated to close by the end of last year. The closing of the UK transaction was reported on Wednesday. Owing to these factors, Metlen said it will not achieve its 2025 earnings before interest, tax, depreciation and amortisation target, and guides full-year Ebitda around 25% lower. In the company’s interim results in September, Metlen said 2025 Ebitda was projected to exceed the €1 billion mark. For 2024, Ebitda was €1.08 billion. The company added that it retains a strong balance sheet, with healthy liquidity above €4 billion at the end of 2025. Further, it reported a good start to 2026 trading,‘reflecting strong market trends, positive performance of the Company’s core business and good progress of ongoing initiatives across its growth pillars.’ Metlen also backed its medium term guidance of €1.90 billion to €2.08 billion of Ebitda in the medium term through organic growth. Metlen Energy anticipates publishing its full-year results on March 31. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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