METLEN Energy & Metals Reports Record Nine-Month Revenue of €6.2bn
METLEN Energy & Metals PLC has announced its nine-month trading update for 2026, reporting record revenue of €6.2 billion. This represents a 21% increase compared to the €5.1 billion recorded during the same period in 2025, driven by growth across most business units despite market volatility and a temporary 44-day outage at its largest thermal power generator. The company reaffirmed its full-year 2026 EBITDA guidance of €1.00bn–€1.15bn and maintained its medium-term EBITDA target of €1.92bn–€2.08bn. Strategic developments include the formation of METKA Group, progress in de-risking its MPP business, and the sale of a solar-plus-storage project in Chile to Copec. Operational momentum is further supported by new long-term gallium agreements with Japanese counterparties and a five-year LNG supply agreement with PETRONAS. These moves underscore METLEN's focus on diversifying energy supplies and expanding its renewable and storage portfolio.
Topics: Asset Rotation EBITDA Guidance Operational Updates Revenue Growth
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