Metlen Energy & Metals (MYTIL) Guidance summary

Guidance on key objectives

• 2025 EBITDA now expected to be approximately 25% lower than previously targeted due to cost overruns and transaction timing.

• Medium-term EBITDA guidance remains unchanged at €1,900-2,080 million through organic growth.

• Potential M&A transactions in Western Europe are anticipated to reach decision stage in the short term.

Market trends and strategic opportunities

• 2026 performance has started positively, supported by strong market trends and progress in growth initiatives.

Strategic initiatives and plans

• Enhanced quarterly project reviews and operational controls have been implemented to manage costs and timelines.

• M Power Projects division has been reorganized and integrated into the Renewables, Storage & Energy Transition segment.

• Asset rotation transactions in the UK, Spain, and Australia are ongoing, with the UK closing announced in February 2026.