SINGAPORE, June 13, 2025 (GLOBE NEWSWIRE) -- ESGL Holdings Limited (NASDAQ: ESGL) (“ESGL” or the “Company”), a leading provider of sustainable waste management and circular chemical solutions, today announced that its shareholders have voted to approve all proposals presented at the Extraordinary General Meeting (“EGM”) held on June 10, 2025, relating to the Company’s proposed business combination with De Tomaso Automobili, the iconic Italian luxury performance car brand. All proposals related to the busine ...

Acquires 336,134 Shares via Private Transactions; Officers May Consider Additional PurchasesSINGAPORE, June 09, 2025 (GLOBE NEWSWIRE) -- ESGL Holdings Limited (NASDAQ: ESGL), a leading provider of sustainable waste management and circular chemical solutions, today announced that its Chairman and Chief Executive Officer, Mr. Quek Leng Chuang, has acquired 336,134 ordinary shares of ESGL at an average purchase price of $2.25 per share. The shares were acquired through private transactions. This increases Mr. ...

Filing highlights ESGL’s plan to acquire De Tomaso Automobili, an iconic luxury performance brand, via Nasdaq-listed combination to unlock long-term shareholder valueSINGAPORE, May 23, 2025 (GLOBE NEWSWIRE) -- ESGL Holdings Limited (Nasdaq: ESGL), a Singapore-based leader in sustainable circular solutions, has filed its proxy statement with the U.S. Securities and Exchange Commission in connection with its proposed business combination with De Tomaso Automobili Holdings, one of the most revered names in lux ...

Production debut of the De Tomaso P72 underscores brand strength and commercial readiness as ESGL business combination advancesSINGAPORE, May 16, 2025 (GLOBE NEWSWIRE) -- ESGL Holdings Limited (NASDAQ: ESGL), a leader in sustainable circular solutions, announces a major milestone in its strategic merger with De Tomaso Automobili: the official unveiling of the production specification P72. This event reinforces the strong operational and brand foundation of the combined company, as the proposed business comb ...

Core Viewpoint - ESGL Holdings Limited has demonstrated a significant turnaround in FY2024, showcasing the potential for sustainability and profitability to coexist, supported by disciplined cost management and the introduction of new circular products [2][7]. Financial Performance - The company reported a near 100% reduction in net loss year-on-year, decreasing from US$95.0 million in FY2023 to US$0.6 million in FY2024 [7]. - Adjusted EBITDA improved by over 200%, rising from US$965,000 to US$2.3 million [7]. - Loss per share narrowed significantly from US$14.70 to US$0.02 [7]. Business Operations - ESGL has commenced commercial sales of several new circular products, including NEWSPAR, NEWEARTH, and NEWCHEM, developed through proprietary waste-to-resource processes [2]. - The company continues to scale its capabilities in sustainable waste treatment and circular product manufacturing, particularly in Southeast Asia [3]. Company Overview - ESGL Holdings Limited is focused on sustainable waste management solutions and operates through its subsidiary, Environmental Solutions (Asia) Pte. Ltd., based in Singapore [5].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF ...

SINGAPORE, March 04, 2025 (GLOBE NEWSWIRE) -- ESGL Holdings Limited (NASDAQ: ESGL) (“ESGL” or the “Company”), a leading carbon-neutral, innovative enviro-tech company regenerating spent industrial chemicals into sustainable circular products, and De Tomaso Automobili Holdings Limited (“De Tomaso Automobili”), a luxury automotive manufacturer, and the shareholders of De Tomaso Automobili have signed a definitive share purchase agreement, pursuant to which ESGL has agreed to acquire the entire issued share ca ...

SINGAPORE, Sept. 20, 2024 (GLOBE NEWSWIRE) -- ESGL Holdings Limited (NASDAQ: ESGL) ("ESGL" or the "Company"), a leading carbon neutral, innovative enviro-tech company regenerating industrial waste into circular products, today announced its financial results for the six-month period ended June 30, 2024. First Half 2024 Highlights: First-Time Subsidiary Profitability: ESGL's operating subsidiary posted its first-ever profitable half-year, a significant milestone compared to the loss recorded in first half of ...

SINGAPORE, Sept. 16, 2024 (GLOBE NEWSWIRE) -- ESGL Holdings Limited (NASDAQ: ESGL), a leading carbon neutral, innovative enviro-tech company regenerating industrial waste into circular products, and STMicroelectronics (ST), a global semiconductor leader serving customers across the spectrum of electronics applications, marked a significant milestone in their collaborative journey towards sustainability by creating the world's first sustainable brick forged with NEWSPAR, regenerated from Hydrofluoric wastewa ...

Financial Performance - The Group incurred net losses of US$94,979,338 and US$2,391,812 for the years ended December 31, 2023 and 2022, respectively, with an accumulated deficit of US$99,985,928 as of December 31, 2023[28]. - The Group's actual revenue for the fiscal year 2023 was approximately US$6.2 million, significantly below the projected US$11.0 million, impacted by high redemptions from the merger and operational challenges[36]. - Revenue increased by approximately US$1.2 million or 23.5% from US$4.99 million in FY2022 to US$6.16 million in FY2023, primarily driven by a 71.8% increase in waste disposal services[159]. - The Group recorded a net loss of approximately US$95.0 million for the year ended December 31, 2023, an increase of approximately US$92.6 million or >100% compared to a net loss of approximately US$2.4 million for 2022[173]. - EBITDA for the year ended December 31, 2023 was approximately (US$92.1 million), a decrease of >100% compared to EBITDA of US$162,799 for 2022, primarily due to non-recurring listing expenses of US$93.1 million[175][176]. Operational Challenges - The Group's revenue generation was further affected by geopolitical tensions, market volatility, and unexpected regulatory changes in Singapore, which hindered operational efficiency[36]. - The Group's ability to achieve profitability is contingent on increasing operating capacity and successfully commercializing circular products, which have begun sales of Fluorspar and Kao Lin[31]. - The Group faces significant capital requirements for operations and growth, with historical funding primarily through ordinary shares, operational cash, and bank borrowings[35]. - The Group's operations are subject to risks from extreme weather events and climate change, which could limit waste collection and increase operational costs[45]. - The Group's insurance coverage may be inadequate to cover all significant risk exposures, potentially impacting financial condition and results of operations[48]. Market and Economic Factors - The Group's business is directly affected by changes in national economic factors, including consumer confidence and interest rates, which can impact revenues and operating margins[54]. - The Company is currently facing economic uncertainty due to inflationary pressures and potential government actions that may restrict credit availability, adversely impacting demand for its products and services[73]. - Inflationary pressures and rising interest rates may adversely affect the selling prices of the Group's circular products, impacting revenue and operating profit margins[38]. - The Group's revenues and cash flows are susceptible to fluctuations in commodity prices, particularly for recyclable materials and circular products, which can be volatile due to market conditions[42]. Workforce and Labor Costs - Approximately 64.7% of the Group's total workforce comprises foreign workers, which may lead to increased labor costs due to foreign worker levies[65]. - The monthly baseline wage for an entry-level waste collection crew worker is expected to increase from S$2,210 in 2023 to S$3,260 in 2028 under the new progressive wage model[66]. - The Group paid foreign worker levies of US$168,137 and US$97,703 for the fiscal years ended December 31, 2023 and 2022, respectively[64]. - Employee benefits expense rose by approximately US$431,000 or 46.2% from US$933,000 in FY2022 to US$1.36 million in FY2023, driven by increased salaries and headcount[168]. Compliance and Regulatory Risks - The Group's licenses and permits are subject to periodic renewal, and failure to comply with regulations could result in revocation or penalties[68]. - The Company is subject to the Sarbanes-Oxley Act, requiring effective internal controls over financial reporting, which may strain its resources[89]. - Failure to maintain effective internal controls could result in material misstatements in financial statements and potential delisting[90]. - As a foreign private issuer, the Company is exempt from certain Nasdaq corporate governance standards, which may provide less protection to shareholders[95]. Strategic Initiatives and Future Plans - ESA plans to enhance its sludge thermal processing capacity and increase its spent acid processing capacity to improve waste processing capabilities[116]. - The company has entered into a joint development agreement with Nanomatics Pte Ltd to develop carbon nanotubes and hydrogen from waste plastic[119]. - ESA's commitment to corporate social responsibility includes a partnership with the Alliance to End Plastic Waste to recycle at least 350 metric tons of plastics through educational programs in Singapore[135]. - The Company intends to retain earnings for business operations and expansion, which may limit the ability of shareholders to receive returns on their investments[76]. Financial Position and Cash Flow - As of December 31, 2023, the Group has outstanding borrowings classified as current liabilities totaling approximately US$5.7 million[56]. - The Group generated net cash from operating activities of approximately US$5.3 million for the year ended December 31, 2023, despite a significant loss before income tax of approximately US$94.8 million[184]. - Net cash used in investing activities was approximately US$2.0 million for the year ended December 31, 2023, primarily due to the purchase of property, plant, and equipment and intangible assets[186]. - Net cash used in financing activities was approximately US$3.1 million for the year ended December 31, 2023, mainly for the repayment of bank borrowings and lease liabilities[188]. Competition and Market Position - The Group faces significant competition from larger waste management companies, which may impact its market share and pricing strategies[148]. - ESA's waste management operations sent only 5 to 8% of the waste collected to landfills in 2023, significantly lower than competitors[114]. - ESA's primary business focus includes converting industrial waste into circular products such as pyrolysis oil, metals, and chemicals[108]. - The Group's future working capital requirements will depend on revenue growth, new product introductions, and expansion of sales and marketing activities[182].