Sparks - Metlen Energy & Metals

Metlen announced this morning that, following a request from its external auditors, the publication of its FY25 financial results will be deferred by nine calendar days to 9 April 2026 (previously 31 March 2026). The company’s external auditors, PricewaterhouseCoopers LLP and PRICEWATERHOUSECOOPERS SA require more time to complete their standard audit procedures over the first financial statements as a dual-listed company on the LSE and ATHEX. The company has reiterated its FY25 EBITDA guidance of c EUR750m, in line with previous communication on 6 February 2026.

As a reminder, on 6 February 2026 the company stated that the underlying core business had performed robustly and in line with expectations. However, due to unanticipated cost overruns in its M Power Projects (MPP) business and the timing of the closing of certain transactions in its asset rotation plan of M Renewables they did not expect to achieve their EBITDA target, and guided for 2025 EBITDA to be c 25% lower. The company also stated that 2026’s performance had started well, reflecting strong market trends, positive performance of the company’s core business and good progress of ongoing initiatives across its growth pillars, and that its medium-term guidance for EBITDA of €1,900–2,080m given at its 28 April 2025 capital markets day (CMD) remained unchanged. For more details about Metlen’s 2025 CMD see our June 2025 note.