Core Insights - One and One Green Technologies, INC reported strong financial performance for the first half of 2025, with total revenue increasing by 50.66% to $28.13 million compared to $18.67 million in the same period of 2024 [2][3] - The company experienced significant growth in gross profit, which rose by 74.12% to $7.12 million, leading to an improved gross margin of 25.3% [2][4] - Net income also saw a substantial increase of 59.51%, reaching $3.83 million, with earnings per share (EPS) growing by 59.65% to $0.0736 [2][3] Financial Performance - Total revenue for H1 2025 was $28,129,714, up from $18,670,799 in H1 2024, marking a change of $9,458,915 [2] - Gross profit increased to $7,121,544 from $4,089,964, reflecting a rise of $3,031,580 [2] - The gross margin improved from 21.9% to 25.3%, an increase of 3.4 percentage points [2][4] - Net income rose to $3,826,300 from $2,398,841, an increase of $1,427,459 [2] - EPS increased from $0.0461 to $0.0736, a change of $0.0275 [2] Operational Highlights - The revenue growth was primarily driven by a significant increase in sales of copper ingots, which rose to $18.5 million from $8.2 million year-over-year [3] - Sales of aluminum alloy also saw a modest increase to $8.6 million [3] - The gross margin improvement was attributed to effective supply chain management, allowing the company to procure raw materials at lower prices [4] Balance Sheet and Cash Flow - As of June 30, 2025, total assets were reported at $49.9 million, with total shareholders' equity at $25.3 million [6] - The company maintained a strong balance sheet with no interest-bearing debt [6] - Cash used in operating activities was $1.7 million, reflecting an increase in inventory to $20.6 million [6][17] - The company raised approximately $11.5 million in gross proceeds through its initial public offering on October 10, 2025 [6] Company Overview - One and One Green Technologies is a leading waste materials and scrap metal recycling company in the Philippines, with a significant annual recycling capacity and a government-issued license to import hazardous waste [7] - The company focuses on processing raw materials into high-value products, including copper alloy ingots and aluminum scraps, positioning itself as a key partner for manufacturers and industrial clients [8] - The company is committed to environmental sustainability and cost-effective resource management, aiming to capitalize on the growing demand for responsible recycling services in the region [10]
One and One Green Technologies. INC Reports Strong First Half 2025 Results