Nine-month turnover at METKA rose 50%, according to METLEN’s published financial results, as the construction company’s strategic reorganisation progresses.
At the same time, preparations for METKA’s listing on the Athens Stock Exchange are moving forward, with a new, stronger structure enhancing its flexibility and supporting the group’s next steps in growth.
Specifically, METKA’s turnover rose to €534m in the first nine months, from €356m in the same period last year.
Although the results are not directly comparable with those for 2025 because of changes to the group’s structure, the increase in turnover points to a strong upward trend in its financial performance.
“Following the announcement of the spin-off of its PPP and concessions activities, METKA continued to integrate its construction activities, concessions, PPP investments and facility management operations under a single infrastructure platform,” METLEN said in a statement.
With a project backlog of around €2bn, METKA is building on its leading position in the construction market while seeking a broader role in the infrastructure sector.
As part of its transformation plans, it was recently decided to proceed with the spin-off of the concessions and PPP business from Metlen Energy & Metals Single Member S.A. and its transfer to M Concessions Single Member S.A. (M Concessions).
In its announcement, METLEN highlighted some of its major projects currently under way:
- Skaramangas and the Western Aigaleo Ring Road: METKA, in a consortium with DOMIKI KRITIS, signed a €60.5m contract with the Ministry of Infrastructure and Transport to build three grade-separated interchanges in the wider Skaramangas area and complete the relevant section of the Western Aigaleo Ring Road. The contract provides for a construction period of 36 months.
- Flyover project, Thessaloniki: Construction was about 65% complete, with completion targeted for May 2027.
- School infrastructure in Central Macedonia: Four of the programme’s 17 schools were handed over in the third quarter of the year ahead of schedule, while six more are expected to be delivered on schedule in the final quarter.
- AENAON Metropolitan Park, Faliro: The project contract was signed on 2 September 2026 by the Region of Attica and the TERNA–METKA–ILIOCHORA–ELEMKA consortium. The construction site is expected to be set up in November 2026, work is scheduled to begin in January 2027, and completion is expected in the second half of 2029.
- Acquisition of a 49% stake in KOSMO CONSTRUCTION S.A.: METKA announced an agreement to acquire a 49% stake in the Greek company, which specialises in earthworks, strengthening its access to critical excavation, earthmoving and site-preparation capacity. The investment is intended to enhance execution readiness, resource availability and the coordination of complex infrastructure projects.