ESGL Holdings Stock Price, News & Analysis

ESGL Holdings Limited (NASDAQ: ESGL) has filed a proxy statement for its proposed business combination with De Tomaso Automobili Holdings, a luxury performance car manufacturer. The merger will be voted on at an Extraordinary General Meeting on June 10, 2025. Key proposals include expanding share capital, potential share consolidation, and a name change to OIO Holdings Limited with new ticker symbols "OIO" and "OIOWW".

The strategic combination aims to merge ESGL's industrial sustainability focus with De Tomaso's ultra-luxury automotive brand, known for its P72 and P900 hypercars. The production-spec De Tomaso P72 is currently available for invite-only viewings at Miller Motorcars in Connecticut. Shareholders of record as of May 2, 2025, are eligible to vote on the proposals.

De Tomaso Automobili has unveiled the production version of its P72 luxury hypercar, marking a significant milestone as it approaches completion of its business combination with ESGL Holdings Limited (NASDAQ: ESGL). The €1.6m P72, initially revealed as a concept in 2019, features a clean-sheet carbon fiber chassis and a bespoke 5.0L supercharged V8 engine.

The production debut comes ahead of the planned merger closing in June 2025 and demonstrates De Tomaso's readiness to begin customer deliveries in late 2025. The unveiled vehicle is an internal unit, separate from the 72 custodian allocations. The P72 is currently available for invite-only viewings at Miller Motorcars in Greenwich, Connecticut, with limited public displays planned.

ESGL Holdings (NASDAQ: ESGL) has reported a remarkable financial turnaround in FY2024, demonstrating strong operational performance in sustainable waste management and circular chemical solutions. The company achieved near-complete elimination of net losses, reducing them from US$95.0 million in FY2023 to just US$0.6 million in FY2024.

Key financial highlights include:

• Core operating subsidiary returned to profitability
• Adjusted EBITDA grew over 200% to US$2.3 million
• Loss per share significantly improved from US$14.70 to US$0.02

The improved performance was driven by reduced inventory and logistics costs, elimination of one-time listing expenses, and successful commercialization of new circular products including NEWSPAR, NEWEARTH, and NEWCHEM. CEO Quek Leng Chuang emphasized the company's success in combining sustainability with profitability, positioning ESGL for continued growth in Southeast Asia's environmental sector.

ESGL Holdings (NASDAQ: ESGL), a carbon-neutral enviro-tech company, has announced signing a definitive share purchase agreement to acquire De Tomaso Automobili Holdings , a luxury automotive manufacturer. The acquisition will be executed through the issuance of new ESGL ordinary shares.

The strategic merger, expected to close in Q2 2025, aims to:

• Strengthen financial positioning of both entities
• Unlock long-term investor value
• Accelerate growth opportunities
• Foster collaboration and innovation
• Drive international market expansion

The transaction has received unanimous approval from both companies' directors. De Tomaso Automobili CEO Norman Choi highlighted the potential to enhance vehicle production through ESGL's low-impact manufacturing expertise, while ESGL CEO Quek Leng Chuang emphasized the partnership's role in portfolio diversification and creating new revenue streams.

ESGL Holdings (NASDAQ: ESGL), a leading carbon-neutral enviro-tech company, announced that its Executive Director, Lawrence Beng Hui, Law, has acquired 1,126,000 ordinary shares of the Company. The shares were purchased through privately negotiated block trades and open-market purchases at an average price of US$1.88 per share.

This acquisition increases Mr. Law's ownership stake in ESGL from 1.3% to 4.1%. Mr. Law expressed confidence in ESGL's strategy and progress in advancing sustainable technologies, emphasizing the company's expansion into new markets.

ESGL reaffirmed its commitment to creating shareholder value while maintaining a strong focus on environmental sustainability. The company continues to leverage technology and innovation, prioritize customer-centricity, and enhance overall business operations management.

ESGL Holdings (NASDAQ: ESGL) reported its financial results for the first half of 2024, marking a significant milestone as its operating subsidiary achieved its first profitable half-year. Key highlights include:

- Revenue growth of 2.8% to US$3.49 million
- 45.3% reduction in loss before taxation to US$322,000
- 66.6% decrease in logistics costs, saving US$527,000

Segment performance varied, with Solid Waste Thermal Processing Solutions growing by 8.15%, while Liquid Waste Synthesis Solutions and Circular Products Sales faced challenges. The company remains optimistic about the second half of 2024, focusing on expanding its customer base and regaining waste volume while maintaining operational efficiency.

CEO Quek Leng Chuang expressed pride in the subsidiary's profitability and confidence in driving sustained growth across core segments.

ESGL Holdings (NASDAQ: ESGL) and STMicroelectronics (ST) have achieved a groundbreaking milestone in sustainability by creating the world's first sustainable bricks made from semiconductor waste. This innovative product, named NEWSPAR, is regenerated from Hydrofluoric wastewater sludge and Hydrofluoric Acid.

ESGL's cutting-edge technology has successfully transformed ST's hazardous semiconductor waste into a safe and sustainable resource. The resulting bricks are not only environmentally friendly but also highly durable and suitable for various construction applications. This achievement is expected to drive substantial decarbonization across multiple supply chains and reinforce the global shift toward a circular economy.

The collaboration between ESGL and ST demonstrates the potential for waste reutilization in critical industries. Both companies' leadership have enthusiastically endorsed the partnership, highlighting its significance in accelerating sustainability efforts and creating value from industrial waste.

ESGL Holdings reported a 23.5% increase in revenue to $6.2 million in 2023, driven by higher waste volumes. Gross margin improved from 64.3% to 69.1%. Adjusted EBITDA decreased by 15.7% due to non-recurring items. Net loss was approximately $95 million, primarily from listing costs. The company aims for double-digit revenue growth and breakeven results by the end of 2024.