Analysts have responded with cautious optimism following Metlen’s H1 2025 financial results. The outlook for the second half of the year is particularly positive, driven by renewables, strong trading performance, and profitability in energy retail. Piraeus Securities believes the €1 billion EBITDA target for 2025 remains achievable even after the Protos write-down. Most analysts agree that diversification into energy, metals, defense, and circular economy supports the EBITDA target of €2 billion by 2028. Analysts see the Protos loss as a temporary shadow over an otherwise solid growth trajectory.