Metlen is off to a powerful start in 2026, reflecting the company’s sustained momentum across its Energy, Metals, and Infrastructure divisions, combined with the disciplined execution of its strategic investment program.
The company says it remains on track to achieve the medium-term targets it laid out at its Capital Markets Day in London in April 2025.
Key highlights for Q1 2026:
- Revenue up 37% year-over-year to €2.05 billion
- Simplification of the Energy division into two business lines, with the restructuring of former MPP activities and their integration into the M RES-ET platform
- Reorganization of the Metals division around three strategic growth pillars
- A significant energy storage portfolio of approximately 2GW built through strategic partnerships
- Acquisition of a 283MW solar photovoltaic portfolio in the United Kingdom under the Asset Rotation Model
- Participation in the BOAK (Northern Road Axis of Crete) concession project
- Opening of new offices in London
Evangelos Mytilineos, Executive Chairman, stated: “METLEN started 2026 with strong momentum across all its business segments. Our consistent investments in the energy transition, critical raw materials, and defense, combined with disciplined strategic execution, position the Company strongly to respond effectively to a complex geopolitical environment while securing sustainable growth.”
Full Picture
Q1 2026 confirms METLEN’s strong positioning within its diversified business model, with all divisions contributing to growth. The company is operating in an environment of heightened geopolitical tensions and ongoing conflicts that are affecting energy markets, supply chains, and defense demand. At the same time, these conditions are highlighting the strategic value of METLEN’s synergistic business model, further reinforced by its activities in energy security, critical raw materials, and defense solutions.
For 2026, management remains cautiously optimistic, with the outlook supported by a robust project pipeline, growing demand and pricing in key sectors, and the continued execution of the investment program.
Strategic Transformation
In 2025, METLEN reorganized its five separate energy businesses into two integrated platforms:
- Fully Integrated Utility: Power generation and retail supply, as well as natural gas supply and trading.
- Renewables, Storage & Energy Transition Platform (M RESET): Renewable energy portfolio, asset rotation, storage development, grid infrastructure, and data centers.
This new structure is expected to accelerate execution speed, improve coordination across commercial operations, and enhance capital efficiency.
Completion of MPP Restructuring
The MPP unit has been fully restructured, with its activities integrated into the M RESET platform, creating a new structure focused on selective international opportunities and disciplined execution.
Metals Division Repositioned for Growth
METLEN has also reorganized its Metals division around three strategic pillars, repositioning it as a broader European platform for strategic materials and industrial technologies:
- Vertical Aluminium Value Chain
- Critical Raw Materials & Circular Metals
- M Technologies (defense and industrial applications)
