Metlen joins Thales units: Edison values Metlen Energy & Metals stock at EUR 72.00

Published on 10/13/2026 at 06:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The October 12 agreement brings three parties into a Greek space framework. Metlen Energy & Metals stock last stood at EUR 49.46 on October 12, 2026, below EUR 55.00.

Key points in brief

Metlen announced a collaboration with Thales Alenia Space and Thales Hellas on October 12, 2026.
The agreement could connect Metlen's gallium production with future Greek defense telecommunications satellites.
First-half 2026 revenue reached EUR 3.99 billion and EBITDA rose 23 percent to EUR 550 million.
Edison values the stock at EUR 72.00, while the last Lang & Schwarz price was EUR 49.46 on October 12, 2026.

Metlen Energy & Metals, GB00BTQGS779, Illustration mit AI erstellt.

Metlen Energy & Metals (ISIN GB00BTQGS779) joined Thales Alenia Space and Thales Hellas in a collaboration announced on October 12, 2026, while Edison values Metlen Energy & Metals stock at EUR 72.00 in its October 1, 2026 analysis. The agreement links Metlen's gallium production capabilities with a potential Greek defense telecommunications space system, giving the metals business a direct connection to a strategic technology program.

Space agreement adds a new outlet

As TradingView reported on October 12, 2026, the three companies will assess opportunities for an end-to-end defense telecommunications system. Metlen would contribute through its M Technologies division, including gallium capabilities for potential supply chains serving satellites built by Thales Alenia Space.

The release described a framework for assessing future opportunities rather than a contracted order, and it disclosed no financial terms. That distinction matters: the agreement expands strategic positioning, but it does not yet provide a quantified revenue contribution.

Three milestones explain the setup

On September 22, 2026, Metlen announced a EUR 25.00 million strategic industrial investment, according to Financial Times. On October 5, 2026, Edison reported that a Japanese gallium agreement could cover up to 16.00 percent of planned annual output, equal to part of a 50-tonne facility designed for production in the third quarter of 2027, according to Edison. The October 12 space agreement adds a third commercial and industrial pathway for the same metals platform.

What does the agreement add?

The first-half 2026 numbers show why gallium and defense are strategically relevant. Metlen reported revenue of EUR 3.99 billion, up 11.00 percent year over year, while EBITDA rose 23.00 percent to EUR 550.00 million and net profit after minorities increased 23.00 percent to EUR 313.00 million, according to Edison. The figures give the new space initiative a financially stronger base, although the October 12 announcement remains a cooperation framework rather than a booked contract.

Next reporting date

Metlen lists its nine-month 2026 trading update for November 5, 2026. That update is the next scheduled point for investors to assess progress in gallium, defense and the wider energy and metals portfolio.

Last euro quote remains dated

The last available Lang & Schwarz quote stood at EUR 49.46 on October 12, 2026 at 11:00 p.m. CEST. The quote is below the EUR 55.00 52-week high shown in the same primary-listing market data, while the London Stock Exchange remains Metlen's primary listing and the Athens Stock Exchange its secondary listing.

The further course of trading is shown by the continuously updated real-time quote of Metlen Energy & Metals stock.