Mytilineos: Long-term resilience for the METLEN group; on a positive course in 2026

METLEN’s semipermanent resilience was highlighted by Evangelos Mytilineos during the presumption of the Group’s 2025 fiscal results. Group turnover reached 7.1 cardinal euros, marking a 25.1% increase.

However, profitability was importantly impacted by antecedently announced issues successful the MPP segment, with EBITDA standing astatine 753 cardinal euros, down 30.2%. Mytilineos emphasized the Group’s strong liquidity presumption of 3.7 billion, up 6%, aimed astatine supporting investments successful 2026, arsenic well arsenic the company’s dividend policy, which—while relating to the erstwhile fiscal year—also reflects management’s assurance successful the company’s outlook for 2026.

Progress toward medium-term targets

With respect to the existent fiscal year, Mytilineos noted that it is expected to people a instrumentality to METLEN’s planned trajectory, with accordant transportation of its medium-term targets, albeit with caution owed to ongoing geopolitical developments. “We reiterate our assurance successful our medium-term EBITDA guidance of 1.9–2.08 cardinal done integrated growth,” the Executive Chairman stated.

According to the presentation, the medium-term EBITDA target is estimated astatine 1.1 cardinal from the vigor assemblage (M Energy), 670 cardinal from metals (M Metals), 150 cardinal from defence (M Technologies), and 150 cardinal from infrastructure (METKA).

During the presentation, peculiar accent was placed connected the metals segment, where absorption expressed strong optimism. Aluminum prices are presently trading astatine levels importantly supra the humanities average, while the company’s hedging strategy creates the conditions for robust nett margins. Notably, absorption is proactively securing favorable London Metal Exchange (LME) prices for the coming years. METLEN has efficaciously hedged its aluminum and calcined alumina accumulation for 2026 and 2027 astatine progressively higher terms levels, ensuring strong borderline visibility. Given the company’s guardant hedging strategy of 1–2 years, the benefits from today’s elevated aluminum prices are expected to beryllium reflected from precocious 2027 onwards. METLEN has besides hedged the bulk of its cardinal outgo inputs, such arsenic earthy gas, for 2026 and 2027, further securing borderline visibility.

At the aforesaid time, METLEN is transitioning toward a “greener” and progressively lower-cost vigor mix, supported by some proprietary and third-party renewable vigor generation, further strengthening its outgo structure. The expanding penetration of renewable vigor sources successful the company’s energy premix is expected to present structurally little and much stable costs, importantly reducing vulnerability to vigor terms volatility. In addition, the aluminum works tin run arsenic a “virtual battery,” leveraging periods of debased energy prices driven by excess supply successful the market.

These operational and strategic advantages presumption METLEN among the astir competitory planetary producers of aluminum and alumina. In parallel, the improvement of captious earthy materials is advancing, with a absorption connected gallium, while different captious metals, including scandium and germanium, are being added to the M Metals portfolio. Circular Metallurgy, which has entered its operational phase, constitutes a caller maturation pillar expected to importantly heighten profitability successful the coming years.

The enlargement of defence activities, including the instauration of an integrated hub successful Volos, is besides a cardinal strategic pillar for the Group, with a absorption connected large European defence projects and partnerships with planetary defence groups.

In the renewable vigor sector, the institution is investing successful projects combining photovoltaic procreation and vigor storage.

Its beingness successful the artillery sector, on with planetary partnerships, is further expanding this conception of the METLEN Group. As of the archetypal 4th of 2026, the institution has participated successful three BESS (Battery Energy Storage System) projects with a total capableness of astir 2 GW.

Finally, the infrastructure and concessions segment, through METKA, is demonstrating strong growth. For 2026, the conception is expected to support its maturation momentum, supported by the continued enlargement of operation activities and the execution of caller infrastructure projects successful some the nationalist and backstage sectors, contempt inflationary pressures connected operation materials stemming from ongoing conflicts in Ukraine and the Middle East