PRESS RELEASE

METLEN to Host Capital Markets Day Today to Present Strategic Roadmap Towards €2 Billion Medium-term EBITDA Target and Launch of New Growth Pillars

London, UK; Athens, Greece - 28 April 2025 - METLEN Energy & Metals S.A. (the "Company" and "METLEN") (RIC: MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US) is today hosting its first Capital Markets Day in London, presenting a detailed strategic roadmap to achieve its medium-term EBITDA target of €2 billion[1]. The Company is unveiling three major new growth pillars: Critical Metals (Gallium), Circular Metals, and Defence, which complement and build upon its leading position in Energy, Metals, and Infrastructure.

METLEN's senior leadership team will provide an in-depth view of the Company's operational model, capital allocation priorities, and growth strategy. These will include updates on METLEN's key investments in energy transition, industrial resilience, and sustainable resource recovery - positioning the Company at the centre of Europe's evolving landscape, both today and for the future.

METLEN's Chairman and CEO, Evangelos Mytilineos, highlighting the Company's next phase of transformation, said:

"Today, METLEN is entering a new era. With focused investments in critical raw materials, circular metals and defence - alongside our strong foundation in renewables, bauxite, alumina & aluminium, and infrastructure & concessions, we are uniquely positioned to meet Europe's evolving industrial needs and, in so doing, deliver €2 billion in EBITDA¹ in the medium term."

Strategic Highlights:

·    Energy Transition

Over 12GW renewables pipeline, with a build-up of over €1.5 billion in energy transition projects, and expanding grid infrastructure to support electrification, data centre growth, and AI-driven demand, as well as decades-long experience in gas fired generation power plants, to act as the transition fuel in the medium to long-term.

·    Gallium Production

With a substantial €296 million investment programme announced earlier this year, METLEN a) becomes Europe's only active gallium producer, positioned to replace Chinese imports to the continent and supporting EU technology supply chains; b) reinforces its positioning as a leading Alumina producer in Europe, and c) further expands its Bauxite extraction capacities, the largest in the EU.

·    Circular Metals

Launching a fully-patented proprietary metals recovery technology to deliver new metal oxides from secondary supply sources such as industrial by-products. This process will produce a number of critical raw materials (all included in the European CRM list) as well as base metals, thereby reducing reliance on traditional mining.

·    Defence

Targeting ~€150 million EBITDA in the medium term through expanded capacity, entry into Modernisation, Repair, Overhaul (MRO), and emerging technologies such as unmanned systems. Supported by four new production facilities (or five, including the biggest operational plant) and new partnerships with EU defence and innovation programs.

·    Infrastructure & Concessions

METKA has almost doubled EBITDA year-on-year in 2024 and is targeting a 20-25% share of Greece's €3.2 billion Public and Private Projects and concessions pipeline, with a strong backlog of €1.5 billion.

Today, the Company also reaffirmed the intention to pursue a listing on the London Stock Exchange, aligning the company's capital markets profile with its international scale and existing international institutional shareholder base.

The Capital Markets Day marks a significant milestone in METLEN's long-term growth strategy and reaffirms its commitment to operational excellence, disciplined investment, and strong ESG performance.

Notes: 

·    A webcast of the Capital Markets Day will begin today, 28 April 2025 at 12:30pm UK time. Details can be found at METLEN Capital Markets Day | SparkLive | LSEG

·    A video of Evangelos Mytilineos can be seen here

Investors Relations

Tel. +30 210-6877300 | Fax +30 210-6877400

E-mail: ir@metlengroup.com

Press Office

Tel. +30 210-6877346 | Fax +30 210-6877400

E-mail: communications@metlengroup.com           

METLEN:

METLEN Energy & Metals is a multinational industrial and energy company, a leader in the metallurgy and energy industries, focused on sustainability and circular economy. The Company is listed on the Athens Stock Exchange, with a consolidated turnover and EBITDA of €5.68 billion and €1.08 billion, respectively. METLEN is a reference point for competitive green metallurgy at the European and global level, whilst operating the only vertically integrated bauxite, alumina and primary aluminum production unit in the European Union (E.U.) with privately owned port facilities. In the energy sector, METLEN offers comprehensive solutions, covering thermal and renewable energy projects, electricity distribution and trading, alongside investments in grid infrastructure, battery storage, and other green technologies. The Company is active in the markets of all five continents, in 40 countries, adopting a full-scale synergetic model between the Metallurgy and Energy Sectors, while undertaking end-to-end development of major energy infrastructure projects.

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Forward Looking Statements:

Certain statements in this announcement are forward-looking. By their nature, forward looking statements involve risks, uncertainties, assumptions and other factors that are outside the control of METLEN and could cause actual results or events to differ materially from those expressed or implied by the forward-looking statement.

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