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Metlen Energy & Metals PLC on Thursday lowered its dividend as losses in the M Power Projects sub-sector dented annual profit. The Athens-based energy and metallurgy company had to delay its results to allow external auditor PricewaterhouseCoopers more time to complete work on the 2025 financial statement, Metlen’s first as a dual-listed entity in London and Athens. Pretax profit fell 48% to €382.3 million in 2025 from €748.4 million in 2024, despite revenue shooting 25% higher to €7.11 billion from €5.68 billion. Sales growth was primarily fuelled by a record performance of M Renewables sector and more than a twofold increase in the top line of the Infrastructure and Concessions sector. Earnings before interest, taxes, depreciation and amortisation amounted to €753 million, down 30% from ERU1.08 billion in 2024, in line with reduced guidance provided in February, primarily reflecting the impact of losses in the M Power Projects sub-sector - now part of Renewables, Storage & Energy Transition. In response, shares in Metlen Energy & Metals rose 0.8% to €35.90 each in London on Thursday morning. The wider FTSE 100 was down 0.3%. Earnings per share declined to $2.20 from $4.46 in the prior year. ‘2025 was marked by geopolitical uncertainty, trade tensions and volatility in global energy and metals markets,’ said Executive Chair Evangelos Mytilineos. Despite this ‘challenging and fluid’ operating environment, as well as the pressures faced within the MPP sub-sector, Metlen delivered a strong performance across its core sectors, Mytilineos added. He said Metlen’s ‘diversified portfolio, disciplined risk management framework, and active hedging strategies’ are designed to mitigate downside risks while enabling it to capitalise on favourable market conditions. ‘During such periods, stronger commodity prices and enhanced trading conditions can support revenue growth across both the energy and metals sectors,’ he added. Metlen lowered its dividend to €1.00 per share for 2025 from €1.50 the year prior. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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