METLEN Energy & Metals Reports Record Nine-Month Revenue of €6.2 Billion
METLEN Energy & Metals PLC has announced its trading update for the first nine months of 2026, reporting record revenues 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 and segments. Despite operational challenges, including a 44-day outage at its largest H-class thermal power plant which was successfully resolved in October, the company reaffirmed its full-year 2026 EBITDA guidance of €1.0 billion to €1.15 billion. The group is also pursuing medium-term EBITDA targets between €1.92 billion and €2.08 billion. Strategic developments include the restructuring of METKA as an independent infrastructure platform, the sale of the Tamarico II solar/storage project in Chile to Copec, and a new long-term agreement with PETRONAS for LNG supply starting in 2027. The company continues to expand its battery energy storage systems (BESS) footprint in Greece and Italy.
Topics: EBITDA guidance operational updates revenue growth strategic restructuring
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