Metlen Energy & Metals (MYTIL) CMD 2025 summary

Strategic vision and transformation

• Aims to double EBITDA to €2 billion in the medium term, driven by organic growth, innovation, and internal transformation, without relying on major M&A.

• Focuses on synergies between metals and energy, leveraging integrated operations and technological leadership.

• Launching the 'Big Three' transformation program to strengthen core business areas, expand market share, and implement organizational changes.

• Emphasizes disciplined capital allocation, strong cash flow, and a resilient financial position to support growth.

• Preparing for a dual listing on the London Stock Exchange, reflecting global ambitions and a diversified investor base.

Energy business strategy and outlook

• Operates an integrated energy platform with a focus on flexible gas generation, renewables, storage, and advanced energy management.

• Targets a 30% retail energy market share in Greece by 2028, up from nearly 20% today, and expansion to 19 TWh portfolio.

• Strategic investments in renewables, storage, and digital solutions, with a 12.5 GW pipeline and 1.4 GW already operational.

• Asset rotation model in renewables to optimize capital and returns, with ongoing expansion in international markets.

• Maintains resilience through diversified portfolio, flexible operations, and advanced technology adoption.

Metals and circular economy initiatives

• Europe's only fully integrated aluminium producer, expanding bauxite and alumina capacity and entering gallium production.

• Investing €296 million to increase bauxite to 2 million tons and alumina to 1.3 million tons annually, with long-term supply agreements.

• Launching a 50-ton gallium facility to secure Europe's supply of this critical raw material.

• Pioneering proprietary technology for metal recovery from industrial residues, targeting 290,000 tons annual output and €220 million EBITDA.

• Expanding defense sector activities with new plants and partnerships, aiming to capture growing European demand.