YDDLNasdaqWholesale-Misc Durable GoodsUS GAAP · USD

One & one Green Technologies. INC

One & one Green Technologies. INC is a Philippines-based recycler and hazardous-waste importer that processes electronic waste, scrap metal, and other industrial materials into saleable metal products. The company operates licensed recycling and recovery facilities serving domestic and international industrial markets.

Revenue65.8m USD
+23.1 %y/y
Operating profit (EBIT)11.9m USD
+46.6 %y/y
EBIT margin18.0%
+2.9 ppy/y
Net income11.8m USD
+82.4 %y/y
Free cash flow-9.8m USD
−588.5 %y/y

Fiscal year 2025 · change from previous year

Development 2024–2025

020406080m USD2024: 53 m USD2024: EBIT 8.1 m USD20242025: 66 m USD2025: EBIT 12 m USD20256612
RevenueOperating profit (EBIT)

Business

Share of revenue
Recycling and material recovery55 %

Processing of e-waste, scrap metal, and industrial materials into reusable outputs.

Metal products35 %

Sale of recovered metal products such as copper alloy ingots and aluminum scraps.

Hazardous waste services10 %

Licensed import, handling, and treatment of hazardous waste streams.

Products

Reported · share of revenue
68.5%30.0%FY2025100 %
  • Copper Alloy Ingots68.5 %
  • Aluminium Alloy30.0 %
  • Brass Alloy Ingots1.5 %

Source: 20-F FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

The company sells into manufacturers and industrial clients that need reliable recycling, recovery, and waste-handling solutions. It also works with recycling agents and other counterparties that supply material feedstock, making customer relationships important on both the input and output sides of the business.

Manufacturers

Buy recovered metal feedstock and recycling services to support production supply chains.

Industrial clients

Purchase industrial waste and materials processing solutions to manage scrap streams.

Recycling agents

Supply incoming scrap and waste material and support customer and sourcing reach.

Domestic metal buyers

Buy copper alloy ingots and aluminum scrap for local industrial use.

International buyers

Purchase recycled outputs and materials exported into overseas markets.

Strategy

The company’s strategy centers on deepening customer relationships, broadening its buyer base, and expanding production capabilities. It is also positioned around value-added recycling outputs, which can improve its competitive position versus simple scrap handling by turning waste streams into higher-value industrial materials.

Deepen customer relationshipsShort term

Repeat business and stronger relationships improve feedstock security and sales visibility.

Broaden the customer baseShort term

A wider buyer base reduces concentration risk and supports steadier demand.

Expand production capabilitiesMedium term

More capacity supports higher throughput and a broader mix of recoverable materials.

Increase value-added output mixMedium term

Turning scrap into finished or semi-finished metal products can improve market relevance.

Geography

2025

The business is organized around operations in the Philippines, where its licensed recycling and hazardous-waste activities are based. Its materials and products also reach international markets, so demand exposure extends beyond local industrial customers and can vary with cross-border trade and recycling flows.

China100 %
Philippines0.0 %

Share of the revenue the company reports by geography.

Risks

The business depends on stable access to scrap and waste feedstock, customer concentration management, and continued licensing to import and process hazardous materials. It also faces commodity-price and cross-border trade exposure because the value of recovered metals and the availability of international buyers can change with industrial demand and regulatory conditions.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Regulatory and licensing compliance1Customer concentration2Feedstock supply disruption3Commodity price volatility4Cross-border trade restrictions5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Regulatory and licensing complianceImpact: CriticalLikelihood: High

    Hazardous-waste importing and recycling depend on permits and environmental rules.

    Exposure: Operations and import permissions

  2. Customer concentrationImpact: HighLikelihood: High

    Management explicitly flags concentration as a risk and seeks to diversify customers.

    Exposure: Sales volume and bargaining power

  3. Feedstock supply disruptionImpact: HighLikelihood: Medium

    Recycling operations require continuous inflows of scrap, e-waste, and industrial materials.

    Exposure: Incoming material availability

  4. Commodity price volatilityImpact: MediumLikelihood: High

    Recovered metal output is tied to non-ferrous metal market prices.

    Exposure: Copper alloy and aluminum revenue

  5. Cross-border trade restrictionsImpact: MediumLikelihood: Medium

    International sourcing and sales can be affected by customs, permitting, and trade policy.

    Exposure: Import/export flows

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Accounting

Judgemental items
Revenue recognition

Metal product sales and service revenue may be recognized at different completion points.

Impact: Affects quarterly revenue timing and comparability

Inventory valuation

Scrap and recovered materials can fluctuate in value and recovery yield.

Impact: Can materially affect gross margin and working capital

Environmental provisions

Hazardous-waste handling can create cleanup, compliance, and remediation obligations.

Impact: May require accruals and future cash outflows

Long-lived asset impairment

Processing facilities and permits depend on utilization, regulation, and market demand.

Impact: Could trigger write-downs if capacity or economics weaken

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026

One & one Green Technologies. INC (Nasdaq) – Wholesale-Misc Durable Goods | Financial Analysis – Clarifo