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ESGL

ESGL Holdings Limited

ESGL

ESGL Holdings Limited • NASDAQ
$4.00 ▲ 2.83% (+0.11)
Market Cap $169.56 M
52w High $4.32
52w Low $0.90
Dividend Yield 0%
P/E -66.67
Volume 45.67K
Outstanding Shares 42.39M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2023 $0 $399.351K ▼ $250.526K ▲ 0% $0.031 ▲ $380.859K ▲
Q1-2023 $0 ▼ $951.534K ▲ $-507K ▲ 0% ▲ $-0.063 ▲ $-360.416K ▲
Q4-2022 $869K ▼ $675.744K ▲ $-1.178M ▼ -135.558% ▼ $-0.11 ▼ $-609K ▼
Q3-2022 $1.149M ▲ $273.684K ▲ $-493K ▼ -42.907% ▼ $0.013 ▲ $190.025K ▲
Q2-2022 $0 $224.912K $-154K 0% $-0.014 $-67.935K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $634.882K ▲ $25.855M ▲ $11.142M ▼ $14.713M ▲
Q2-2024 $256.501K ▼ $24.841M ▼ $14.832M ▼ $10.009M ▲
Q4-2023 $366.761K ▼ $25.632M ▼ $17.612M ▲ $8.021M ▼
Q2-2023 $1.158M ▲ $26.656M ▼ $13.408M ▲ $13.248M ▼
Q1-2023 $55.032K $57.137M $5.215M $51.923M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2023 $250.526K ▲ $-561.671K ▲ $-554.263K ▼ $1.15M ▲ $34.066K ▲ $-561.671K ▲
Q1-2023 $-507.117K ▲ $-866.625K ▼ $32.481M ▲ $-31.658M ▼ $-43.222K ▼ $-866.625K ▼
Q4-2022 $-1.251M ▼ $1.37M ▲ $-853.05K ▼ $-558.636K ▼ $-42.081K ▲ $516.553K ▲
Q3-2022 $142.654K ▲ $-181.809K ▼ $-180.203K ▼ $-151.298K ▼ $-181.809K ▼ $-391.604K ▼
Q2-2022 $-153.63K $-93.887K $0 $0 $-93.887K $-93.887K

Five-Year Company Overview

Income Statement

Income Statement ESGL’s income statement looks like that of a very early‑stage commercial operation. Revenue has only just begun to appear in the last couple of years and is still very small, so the business is not yet demonstrating a proven, scaled revenue engine. Recent results show prior meaningful losses starting to narrow, which hints at better cost control or early operating leverage, but profitability is not yet established and earnings per share remain negative. Overall, this is still a story of building and validating the business model rather than one of mature, stable earnings.

Balance Sheet

Balance Sheet The balance sheet is small and lean, which is typical for a young, technology‑driven company. Total assets and equity are modest, with a similar, modest level of debt. The absence of reported cash on the balance sheet stands out and suggests limited financial cushioning, making the company reliant on external funding and careful cash management. While the absolute debt level is not large, even a small amount of borrowing can feel heavy for a business that has not yet proven durable cash generation. Financial flexibility and access to capital markets will matter a lot here.

Cash Flow

Cash Flow Cash flow is not yet a strength. Operating cash flow has essentially been flat and not meaningfully positive, which means the business is not yet funding itself from day‑to‑day operations. Free cash flow has been slightly negative, reflecting spending to build and support the platform, even if reported capital expenditures are low. In practical terms, ESGL still depends on outside capital—such as equity raises or strategic deals—to fund growth and cover ongoing costs. Until operating cash flow turns clearly positive, liquidity and funding risk remain key watchpoints.

Competitive Edge

Competitive Edge Competitively, ESGL is trying to carve out a differentiated niche rather than compete head‑on with large, traditional waste management firms. Its focus is on complex, hazardous industrial waste and on turning those streams into valuable products, supported by proprietary and patent‑protected processes. The carbon‑negative and 100% renewable energy positioning is a strong marketing and ESG angle, which can be attractive to multinational customers under pressure to decarbonize. However, the company is still tiny in scale versus global waste players, and its bargaining power, customer diversification, and long‑term contract base are not yet clear. The moat today is more about technology, regulatory fit, and ESG credentials than about size, brand, or locked‑in customer relationships, which will take time to build.

Innovation and R&D

Innovation and R&D Innovation is the core of ESGL’s story. The company is developing and patenting technologies that convert highly problematic wastes—such as hydrofluoric acid and acidic industrial streams—into commercially useful products like fluorspar and recovered precious metals. The G‑2 Thermal System and other processes aim to use renewable heat sources, reinforcing the carbon‑negative pitch. On top of that, ESGL is working with partners to explore converting plastic waste into higher‑value materials and fuels, which could open new markets if the technology scales. The planned combination with De Tomaso and ongoing capital raises suggest a strategy of using partnerships and corporate transactions to fund and accelerate this R&D‑heavy model. The opportunity is significant, but so is execution risk: ESGL still needs to prove large‑scale reliability, commercialization, and consistent customer adoption of these innovations.

Summary

Overall, ESGL looks like a very early‑stage, technology‑driven environmental company with strong narrative appeal but a thin financial track record. Its strengths lie in proprietary waste‑to‑value technologies, a clear sustainability and carbon‑negative angle, and a focus on challenging, high‑value industrial waste streams. At the same time, revenue is still minimal, profitability is unproven, cash flow is weak, and the balance sheet offers limited cushioning, making access to capital and disciplined execution critical. The business is essentially a high‑innovation, high‑uncertainty platform: future performance will hinge on scaling its technologies, winning and retaining industrial clients, successfully integrating strategic deals, and turning its ESG and circular‑economy positioning into durable, recurring cash flows.