One and One Green Technologies Details Debt-Free Growth Plan as Copper Demand Surges at YDDL Conference

Key Points

• One and One is a Philippines-based e‑waste recycler processing about 25,000 tons annually with a design capacity of roughly 300,000 tons, and it holds the country’s only Basel Convention‑compliant hazardous waste import license, a regulatory moat management says took five years to secure.
• The company reported strong H1 2025 results—revenue $28.1M (+51% YoY), net income $3.8M (+60%), ~35.3% gross margin—and a balance sheet with ~$50M in assets, ~$23M equity and zero interest‑bearing debt, giving it flexibility to expand.
• Management points to a projected structural copper deficit and AI/infrastructure build-outs driving a surge in orders and long‑term contracts, while prioritizing Greater Manila domestic sourcing, expansion into South Korea/Japan, precious‑metal recovery, and reduced shipping costs via a bulk carrier terminal.

Executives from One and One Green Technologies. Inc Class A Ordinary Shares NASDAQ: YDDL outlined the company’s growth strategy, regulatory positioning, and recent financial performance during a symposium presentation and Q&A session led by investor relations host Matthew Abenante of Strategic Investor Relations.

Business model and capacity runway

Chief Financial Officer Chun Kit Wong described the Philippines-based company as a “pure-play Asia-Pacific recycler” focused on transforming electronic waste and scrap into industrial commodities, including copper alloy ingot, aluminum, and recycled plastics. Wong said the company is currently processing about 25,000 tons of material annually, while its infrastructure has a design capacity of roughly 300,000 tons.

Wong walked through the company’s processing steps, including manual classification, crushing and magnetic separation, and later-stage methods such as floating separation and color sorting. He said the “core” of production is a smelting furnace that melts and casts copper into ingots, while a water separation system is used on the non-metal side to produce plastic and rubber beads.

Regulatory licensing as a barrier to entry

Management emphasized what it characterized as a key competitive moat: a Philippine government-issued, Basel Convention-compliant hazardous waste import license. Wong said the license allows the company to import electronic waste and scrap as raw material, and he stated that the company is “currently the only company actively operating” with that type of license in the Philippines.

In response to Abenante’s questions about the barriers to entry, the company said obtaining the license took “five years of intense and focused work.” The speaker said the effort involved assembling a specialized team with legal, environmental, and technical expertise and completing “countless rounds of reviews” for impact studies and risk modeling. The company also highlighted traceability from arrival of waste through final disposal and said it continuously invests in training and emergency readiness as part of a broader safety culture.

During an audience Q&A, an analyst asked why the company is the only operator in the country focused on copper recycling and who its major customers are. The company reiterated that licensing requirements and the time and investment needed to meet the standard have deterred other operators. On customers, the speaker said its major customers are “large corporate consumers,” described as large-scale companies, without providing specific names.

Domestic sourcing push in Greater Manila

Abenante also asked about the company’s announced entry into the Greater Manila e-waste resource recovery market, including sourcing electronic sludge, copper mud, and nickel mud from local manufacturers. The company called the domestic supply opportunity “massive” and said it is becoming a “core pillar” of the business.

Management said that in prior years some local industrial waste had been shipped to other countries, but crackdowns on waste smuggling in neighboring markets “killed those old supply chains,” leaving more industrial waste in the Philippines. The company positioned its Bulacan facilities as a permitted destination for that material and said local sourcing can increase raw material turnover and reduce exposure to shipping delays, trade disputes, and foreign currency risk.

Demand tailwinds: copper deficit and AI-linked infrastructure

Wong pointed to macro tailwinds supporting recycled metals. He cited the International Copper Study Group’s revised outlook projecting a structural deficit of 150,000 tons of refined copper by 2026 and said recycled copper production is expected to grow at 6% next year. He also noted that the Asia-Pacific region accounts for about 56% of global copper consumption.

Locally, Wong said the Philippines is in an “infrastructure super cycle,” citing a construction market valued at over $43 billion and growth of nearly 6.7% annually, alongside a transition toward renewable energy that he described as copper intensive.

In the Q&A, the company said it is seeing demand “right now” at the customer level. Management reported a surge in orders for high-conductivity copper alloys and said customers are pushing for faster deliveries and “locking in long-term contracts,” which the company attributed to the physical build-out associated with AI infrastructure such as data centers and power grids. The company also said aluminum demand is showing steady growth tied to power grids and energy storage.

Management further argued that recycled, “low carbon” alloys can help customers meet ESG targets and that partners can earn “green premiums,” while also helping them “avoid tariff tied to new mined metals,” according to the speaker’s remarks.

Financial performance and strategic priorities

Wong highlighted what he described as strong first-half 2025 results, reporting revenue of $28.1 million, up 51% year over year, and net income of $3.8 million, up 60%. He said gross margin expanded by over 340 basis points to approximately 35.3%.

On the balance sheet, Wong said the company had roughly $50 million in total assets, $23 million in shareholders’ equity, and “zero interest-bearing debt,” which he said provides flexibility for expansion.

Looking ahead, Wong outlined several strategic priorities:

• Expanding into overseas markets such as South Korea and Japan
• Adopting advanced processing techniques to isolate precious metals like gold and silver from copper
• Reducing shipping costs by acquiring a bulk carrier terminal, with projected savings of about $5 million annually for every 100,000 tons shipped by switching from containers to bulk carriers

Wong closed by describing the company as “highly profitable” and “debt-free,” with a regulatory advantage and significant spare capacity positioned to benefit from global copper deficits.

About One and One Green Technologies. Inc Class A Ordinary Shares NASDAQ: YDDL

One and one Green Technologies. INC is a waste materials and scrap metal recycling company. It engages in the recycling, production and trading of scrap metals. One and one Green Technologies. INC is headquartered in the Philippines.

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