METLEN Energy & Metals PLC achieved a record first-half EBITDA of €550 million for the period ended 30 June 2026. Revenue for the half-year reached €3,987 million, while net profit after minorities rose to €313 million, resulting in earnings per share of €2.18.

The company significantly improved its balance sheet through robust operating cash flow, which reduced adjusted net debt by €728 million. Consequently, net leverage fell to 1.7x from 3.1x at the end of the 2025 financial year.

Operational highlights include the energisation of 0.4GW of battery energy storage system (BESS) projects across Greece and Italy. METLEN is now advancing a further 1.6GW of storage projects across Southern and Southeastern Europe. Additionally, the company signed its first gallium offtake agreement with a leading U.S. technology company, covering 25% of total production.

Work continues on three legacy infrastructure contracts at Protos, Grudziądz, and Drax. While the company recognised additional completion costs during the period, it expects to finish all remaining works on these projects over the coming months.

“Our strong performance in the first half of 2026 reflects our strong commitment to delivering on the business plan we announced at the Capital Markets Day in April 2025 and underscores our disciplined execution against the objectives we set.”

“It also demonstrates that the challenges we faced during 2025 are being addressed and that the Company has returned to a trajectory fully aligned with its medium-term strategic objectives.”

— Evangelos Mytilineos, Executive Chairman

Read the full announcement: METLEN - FINANCIAL RESULTS H1 2026