Shares of Metlen Energy & Metals PLC (MTLN) declined on Friday morning, tumbling more than 9% after the announcement that it is postponing its FY 2025 financial results.
The delay stems from a request by the company’s external auditors, PricewaterhouseCoopers, citing the need for additional time to complete standard audit procedures.
The audit firms are said to require more time to finalize their review of Metlen’s first financial statements as a dual-listed entity on both the London Stock Exchange (LSE) and the Athens Stock Exchange (ATHEX).
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Despite the postponement, Metlen reiterated its guidance for expected EBITDA for 2025, projecting approximately €750 million. The figure aligns with the company’s previous communication on February 6th.
The company has set a new publication date for its financial results on April 9, 2026.
Earlier this month, Metlen and PPC Group announced they had signed a Joint Venture Agreement (JVA) for the development, construction and operation of a portfolio of BESS (Battery Energy Storage System) projects of up to 1,500 MW / 3,000 MWh in Romania, Bulgaria and Italy.
The companies expect to establish a joint venture company, with each party holding a 50% stake. 1,000 MW is expected to be implemented within the next 12 months.
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