Greek industrial and energy conglomerate Metlen (formerly Mytilineos) reported a significant decline in its full-year 2025 financial results, which were published after a delay. The company's net profit fell by 48% to β¬403.5 million, down from β¬773.8 million in 2024.
The results, released on the Athens Stock Exchange, were impacted by high energy costs and cost overruns on major engineering and construction projects. The company's EBITDA also decreased by 27% year-on-year to β¬1.07 billion.
Metlen cited increased operating expenses and financing costs as key factors in the profit decline. The delayed publication of the results had been attributed to the complexity of finalizing accounts for its diverse operations, which span energy, metallurgy, and infrastructure.
The company's management stated that despite the challenging year, its strategic investments in renewable energy and grids are aimed at strengthening its long-term position. The share price reacted negatively to the earnings announcement.
