Earnings release
Page 1
Source: One & one Green Technologies. INC November 17, 2025 16:01 ET One and One Green Technologies. INC Reports Strong First Half 2025 Results Revenues Surge 51% to $28.1 Million; Net Income Jumps 60% with Gross Margin Expansion to 25.3% SAN RAFAEL, Philippines, Nov. 17, 2025 (GLOBE NEWSWIRE) -- One and one Green Technologies. INC (“One and One” or the “Company”) (NASDAQ: YDDL), a waste materials and scrap metal recycling company in the Philippines, today announced its unaudited nancial results for the six months ended June 30, 2025. Financial Highlights for the Six Months Ended June 30, 2025: H1 2025 H1 2024 Change Change (%) Total Revenue $28,129,714 $18,670,799 +$9,458,915 +50.66% Gross Pro t $7,121,544 $4,089,964 +$3,031,580 +74.12% Gross Margin 25.3% 21.9% +3.4% - Net Income $3,826,300 $2,398,841 +$1,427,459 +59.51% EPS $0.0736 $0.0461 +$0.0275 +59.65% “We are pleased with our robust performance in the rst half of 2025, marked by accelerating revenue growth and substantial margin expansion amid favorable market conditions,” said Ms. Caifen Yan, Chairman of the Board and CEO of One and One. “Our performance was driven by surging demand for our copper products in the high-growth Asia-Paci c region and our proven ability to secure favorable pricing for our raw materials, which led to a signi cant improvement in our gross margin to 25%. Our focus on sustainable recycling solutions and cost-effective operations has positioned us to capitalize on increasing global demand for responsibly sourced metals. We are highly con dent that our strategic focus on high-demand products and ef cient cost management will continue to drive sustainable growth and value for our shareholders.”
Page 2
Operational and Financial Review The Company’s strong revenue growth was primarily driven by a signi cant increase in sales of copper ingots, which rose to $18.5 million in the rst half of 2025 from $8.2 million in the prior-year period. This was a result of increased demand from key end markets in the Asia-Paci c region. Sales of aluminum alloy also increased modestly to $8.6 million. The improvement in gross margin was a key highlight of the period, increasing by 341 basis points to 25.32%. This was attributable to the Company’s ability to procure copper and aluminum alloys at lower purchase prices, demonstrating effective supply chain management. Operating expenses for the rst six months of 2025 were $1.4 million, compared to $1.1 million in the rst half of 2024. The increase was primarily due to approximately $354,000 in one-time expenses related to the Company’s initial public offering. As of June 30, 2025, the Company had total assets of $49.9 million and total shareholders' equity of $25.3 million. The Company maintained a strong balance sheet with no interest-bearing debt. On October 10, 2025, the Company raised approximately $11.5 million in gross proceeds through its initial public offering. Cash used in operating activities was $1.7 million, re ecting an increase in inventory to $20.6 million, which supports anticipated future sales growth. About One and one Green Technologies. INC One and One is a leading waste materials and scrap metal recycling company headquartered in the Philippines, distinguished by its signi cant permitted annual recycling capacity and government- issued license to import hazardous waste as raw materials. This unique regulatory position enables One and One to actively participate in both domestic and international recycling markets while meeting stringent environmental standards. Our operations focus on ef ciently processing raw materials into high-value products, including copper alloy ingots, aluminum scraps, and plastic beads. One and One delivers exible, scalable solutions for electronic waste, metal scrap, and industrial recycling, positioning the Company as an essential partner to manufacturers and industrial clients. Driven by a commitment to environmental sustainability and cost-effective resource management, One and One leverages its advanced capabilities to reduce processing costs and environmental impact. The Company is ideally placed to capitalize on the growing demand for responsible recycling services in the region, offering investors both stable growth prospects and ongoing innovation in one of Asia’s most dynamic markets. For more information, please visit our website at www.onepgti.com. Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions other factors discussed in the “Risk Factors” section of the registration statement led with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's lings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to re ect events or circumstances that arise after the date hereof. Investor Relations Contact: Matthew Abenante, IRC President Strategic Investor Relations, LLC
Page 3
Tel: 347-947-2093 Email: matthew@strategic-ir.com ONE AND ONE GREEN TECHNOLOGIES. INC UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (In U.S. dollars except for share and per share data) June 30, 2025 (Unaudited) December 31, 2024 ASSETS Current Assets Cash and cash equivalents $ 122,567 $ 1,847,634 Accounts receivable, net 17,270,873 17,401,756 Inventories, net 20,633,450 5,227,164 Deferred offering costs 304,086 269,752 Other receivables and current assets 4,815 4,347 Total Current Assets 38,335,791 24,750,653 Non-Current Assets Property, plant and equipment, net 11,184,167 11,292,764 Deferred tax assets, net 102,098 160,672 Operating lease right of use assets, net 242,913 314,028 Total Non-Current Assets 11,529,178 11,767,464 Total Assets 49,864,969 36,518,117 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Liabilities Accounts payable 13,180,592 5,752,015 Other payables and accrued expenses 992,567 425,335 Due to a related party 982,507 980,833 Taxes payable 9,070,965 7,733,816 Operating lease liabilities - current 337,379 785,070 Total Current Liabilities 24,564,010 15,677,069 Non-Current Liabilities Deferred tax liabilities - 62,806 Operating lease liabilities - non current 22,177 29,091 Total Non-Current Liabilities 22,177 91,897 Total Liabilities 24,586,187 15,768,966 Shareholders’ Equity Class A Ordinary Shares, par value $0.0001 per share; 500,000,000 shares authorized; 41,796,040 shares issued and outstanding at June 30, 2025 and December 31, 2024* 4,180 4,180 Class B Ordinary Shares, par value $0.0001 per share; 500,000,000 shares authorized; 10,203,960 shares issued and outstanding at June 30, 2025 and December 31, 2024* 1,020 1,020 Shares subscription receivable (5,200) (5,200) Additional paid-in capital 392,356 392,356 Retained earnings 25,681,365 21,855,065 Accumulated other comprehensive loss (794,939) (1,498,270) Total Shareholders’ Equity 25,278,782 20,749,151
Page 4
Total Liabilities and Shareholders’ Equity $ 49,864,969 $ 36,518,117 ONE AND ONE GREEN TECHNOLOGIES. INC UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (In U.S. dollars except for share and per share data) For the Six months ended June 30, 2025 2024 (Unaudited) (Unaudited) Revenues $ 28,129,714 $ 18,670,799 Cost of revenues 21,008,170 14,580,835 Gross pro t 7,121,544 4,089,964 Operating expenses: Selling and marketing expenses 249,558 162,891 General and administrative expenses 1,167,954 961,536 Total operating expenses 1,417,512 1,124,427 Income from operations 5,704,032 2,965,537 Other (expenses) income: Interest income 307 39 Other (expenses) income, net (790,420) 151,997 Interest expenses (3,013) - Total other (expenses) income (793,126) 152,036 Income before income tax expenses 4,910,906 3,117,573 Income tax expenses 1,084,606 718,732 Net income $ 3,826,300 $ 2,398,841 Weighted average shares outstanding Basic and diluted* 52,000,000 52,000,000 Earnings per share Basic and diluted* $ 0.0736 $ 0.0461 Comprehensive income (loss): Net income $ 3,826,300 $ 2,398,841 Other comprehensive income (loss): Foreign currency translation adjustment 703,331 (923,742) Total comprehensive income $ 4,529,631 $ 1,475,099 ONE AND ONE GREEN TECHNOLOGIES. INC UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In U.S. dollars except for share and per share data)
Page 5
For the Six months ended June 30, 2025 2024 (Unaudited) (Unaudited) Cash ows from operating activities Net income $ 3,826,300 $ 2,398,841 Adjustments to reconcile net income to net cash (used in) provided by operating activities: Depreciation expenses 456,709 452,674 Amortization of operating lease right-of-use assets 79,867 108,661 Deferred income taxes (1,145) (15,783) Changes in assets and liabilities Accounts receivable 667,809 (7,855,754) Inventories (15,034,423) 2,439,990 Advances to suppliers - 632,297 Other receivables and current assets (327) (3,388) Customer advances - (595,870) Accounts payable 7,149,232 1,396,375 Other payables and accrued expenses 538,611 96,100 Taxes payable 1,079,500 1,331,055 Due to a related party (28,714) (472) Operating lease liabilities (465,891) (29,482) Net cash (used in) provided by operating activities (1,732,472) 355,244 Cash ows from nancing activities Payment of deferred offering costs (25,516) (231,737) Net cash used in nancing activities (25,516) (231,737) Net (decrease) increase of cash and cash equivalents (1,757,988) 123,507 Effect of foreign currency translation on cash and cash equivalents 32,921 (39,563) Cash and cash equivalents – beginning 1,847,634 136,479 Cash and cash equivalents – ending $ 122,567 $ 220,423 Supplementary cash ow information: Interest paid $ 3,013 $ - Income taxes paid $ 978 $ -