One and One Green Technologies. INC Reports Strong First Half 2025 Results

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 financial 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 Profit		$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 first 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-Pacific region and our proven ability to secure favorable pricing for our raw materials, which led to a significant 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 confident that our strategic focus on high-demand products and efficient cost management will continue to drive sustainable growth and value for our shareholders."

Operational and Financial Review

The Company's strong revenue growth was primarily driven by a significant increase in sales of copper ingots, which rose to $18.5 million in the first 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-Pacific 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 first six months of 2025 were $1.4 million, compared to $1.1 million in the first 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, reflecting 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 significant 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 efficiently processing raw materials into high-value products, including copper alloy ingots, aluminum scraps, and plastic beads. One and One delivers flexible, 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 filed 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 filings 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 reflect events or circumstances that arise after the date hereof.

Investor Relations Contact:

Matthew Abenante, IRC

President

Strategic Investor Relations, LLC

Tel: 347-947-2093

Email: [email protected]

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
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 profit			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)
		For the Six months ended June 30,
		2025				2024
		(Unaudited)				(Unaudited)
Cash flows 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 flows from financing activities
Payment of deferred offering costs			(25,516	)			(231,737	)
Net cash used in financing 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 flow information:
Interest paid		$	3,013			$	-
Income taxes paid		$	978			$	-