ESGL Holdings - ESGL STOCK NEWS

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.

ESGL Holdings (NASDAQ: ESGL) announced it will host a conference call to discuss full year 2023 results on May 10, 2024. The Company expects double-digit revenue growth for 2023, showing significant expansion in capacity. Management plans to share strategies for continued growth and improved profitability in 2024.

ESGL Holdings Limited (NASDAQ: ESGL) has announced a multi-year agreement with Sentosa Clay Products Sdn Bhd to co-produce sustainable bricks using its circular product, NEWSPAR. The agreement will see the production of more than 10 million sustainable bricks annually, providing an alternative revenue stream for ESGL and promoting sustainable building solutions.

ESGL Holdings Limited (NASDAQ: ESGL) proudly announces the establishment of its subsidiary, ESG Chemicals Sdn Bhd, a Malaysian trading company. This initiative is integral to ESGL's vision for a sustainable future and marks a significant step in the Company’s expansion into the ASEAN region. ESG Chemicals Sdn Bhd will operate as a wholly-owned subsidiary of ESGL Holdings Limited, expanding the Company’s geographic reach in advancing circular economy solutions beyond Singapore. The Company is forming supply partnerships with strategic allies in Malaysia, developments that will be detailed in subsequent announcements. Quek Leng Chuang, Chairman and CEO of ESGL, emphasized the strategic importance of this expansion, stating, 'The incorporation of ESG Chemicals Sdn Bhd aligns with our commitment to enhancing shareholder value. This move brings us closer to our circular product off-takers and strengthens our fiscal strategy. Shifting part of our inventory and warehousing operations to Malaysia presents tangible benefits, including cost savings and more favorable exchange rates, directly impacting our bottom line.' This incorporation underscores ESGL's dedication to environmental sustainability and corporate responsibility. By establishing a robust presence in Malaysia, ESGL aims to capture emerging opportunities in the ASEAN market and cultivate partnerships that drive positive environmental impact.

Environmental Solutions Group Holdings Limited (ESGL) announces a multi-year contract renewal with Singapore Refining Company Private Limited (SRC) for used catalyst waste disposal services, demonstrating the company's commitment to circular economy solutions and long-term partnerships.

Environmental Solutions Group Holdings Limited (ESGL) Chairman and CEO, Mr. Leng Chuang Quek, has acquired 191,348 ordinary shares through negotiated private block trades at an average price of US$0.50 per share. This increases his ownership stake from 29.8% to 31.31%. Mr. Quek's confidence in the Company's prospects is evident as he plans for potential additional purchases in the near future.