METLEN achieves record EBITDA of €550M in first half of 2026

The Group achieved new records in revenue, EBITDA, net profit and operating cash flow, while reaffirming its guidance for full-year 2026 and its medium-term profitability targets.

Revenue reached €3.987 billion in the first half of 2026, compared with €3.608 billion in the corresponding period of 2025, representing an increase of 11%.

EBITDA reached a record high for a first-half period at €550 million, up from €445 million in the first half of 2025, reflecting a significant improvement in operating profitability.

Net profit after non-controlling interests amounted to €313 million, compared with €254 million in the prior-year period, while earnings per share increased to €2.18 from €1.81 in the first half of 2025.

Confirming 2026 Targets
The company reaffirmed its 2026 EBITDA guidance of between €1.0 billion and €1.15 billion, as well as its medium-term EBITDA target of €1.92–2.08 billion.

METLEN stated that the first-half results confirm the company’s return to the growth trajectory presented during its Capital Markets Day in April 2025, following the successful resolution of the operational challenges that affected the previous financial year.

Mytilineos: “Performance Recovery Initiatives Are Delivering Results”
Commenting on the results, METLEN Executive Chairman Evangelos Mytilineos said that the first-half performance demonstrates the company’s continued commitment to executing its business plan.

He noted that the operational challenges experienced in 2025 are being addressed effectively, while the initiatives implemented to improve performance have already produced tangible results.

According to Mr. Mytilineos, all of METLEN’s business segments delivered strong growth during the reporting period, supported by:

• strong cash flow generation,
• disciplined execution of the business plan, and
• the Group’s diversified business model.

Resilience Amid Global Challenges
Management highlighted that METLEN’s operating model once again demonstrated its resilience in an environment of heightened geopolitical uncertainty and trade tensions.

The company emphasized that its international footprint, vertically integrated structure and ability to generate synergies enabled it not only to manage these challenges but also to capitalize on new growth opportunities.

At the same time, METLEN continues to strengthen its position in international markets through strategic partnerships and investments across its core business sectors.

Growth Strategy Targeting €2 Billion EBITDA
The strong first-half performance reinforces expectations that METLEN is on track to achieve its ambitious medium-term objectives, with EBITDA gradually approaching the €2 billion level.

The company stated that it remains committed to creating long-term value for its shareholders and business partners by leveraging its competitive strengths across the energy, metallurgy and international infrastructure sectors.