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Basic Materials

Metlen shares drop 8% as audit delay pushes back full-year results

Metlen Energy & Metals PLC (LSE:MTLN), the dual-listed energy and metals company, topped the FTSE 100 list of losers on Friday, with shares falling 8% to €32, after it announced a nine-day delay to its full-year 2025 financial results at the request of its external auditors.

PricewaterhouseCoopers requires additional time to complete standard audit procedures over the company's first set of financial statements since its dual listing on the London Stock Exchange and the Athens Exchange (ATHEX).

Metlen said it would publish results for the year ended 31 December 2025 on 9 April 2026, nine days later than originally scheduled.

The company reiterated its guidance for 2025 EBITDA of approximately €750 million, in line with its previous communication on 6 February.

Founded in Greece and headquartered in London, the industrial group generates and supplies electricity and natural gas across more than 30 countries while also mining and processing aluminium, making it one of Europe's largest integrated energy and metals companies.

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