- METLEN Energy & Metals (ADR: MYTHY) reported a 31% growth in Q1 2025 revenue, reaching €1.5 billion.
- Fairfax Financial secured a €110 million exchangeable bond agreement, increasing their stake in METLEN to 8.35%.
- The Energy sector saw a 35% increase in production, with renewable energy production up by 78%.
METLEN Energy & Metals S.A. (ADR: MYTHY) exhibited strong financial results in its Q1 2025 trading update, with sales revenue hitting €1.5 billion, marking a 31% rise from Q1 2024. Key growth was driven by the Energy sector, which alone saw a revenue increase of 31% to €1,180 million. The company's strategic expansion in renewable energy production is evident with a significant jump of 78%, contributing to overall energy production growth of 35%, totaling 3.1 TWh.
Another highlight from Q1 2025 includes the agreement with Fairfax Financial for a €110 million exchangeable bond. This bond allows for the potential acquisition of 2.75 million treasury shares at €40 each, increasing Fairfax's ownership stake to 8.35%. This action exemplifies investor confidence in METLEN's business strategy and future prospects.
In addition to its energy advancements, METLEN's Metals sector also showed promise despite a slight decline in production. The company has secured strategic supply agreements with Rio Tinto, ensuring the supply of 14.9 million tonnes of bauxite and 3.9 million tonnes of alumina over the coming years. These steps are aimed at bolstering the company's competitive position in the global market.
The Infrastructure & Concessions sector displayed remarkable growth, with turnover more than doubling year-over-year, supported by a €1.5 billion project backlog. This growth underscores METLEN’s commitment to expanding its strategic foothold across multiple sectors.
Overall, METLEN continues to position itself as a leader in both the energy and metallurgy industries, with a focus on sustainability and strategic expansion, aiming to deliver sustainable value to its shareholders and stakeholders worldwide.
