ESGL Holdings Ltd Files 6-K with Mid-2024 Financials

TL;DR

ESGL Holdings dropped its Q2 2024 financials in a 6-K filing.

AI Summary

ESGL Holdings Limited filed a Form 6-K on February 7, 2025, to report its unaudited consolidated financial statements for the six-month period ended June 30, 2024. This filing also includes the Management's Discussion and Analysis of Financial Condition and Results of Operations for that period, which were previously part of the Company's final prospectus.

Why It Matters

This filing provides investors with updated financial information for ESGL Holdings Ltd, allowing them to assess the company's performance and financial health as of June 30, 2024.

Risk Assessment

Risk Level: low — This filing is a routine submission of previously disclosed financial information and does not introduce new material risks.

Key Numbers

• 6-month period — Reporting Period (Financial statements cover the period ending June 30, 2024.)

Key Players & Entities

• ESGL Holdings Limited (company) — Filer of the report
• June 30, 2024 (date) — End of the reporting period for financial statements
• February 7, 2025 (date) — Filing date of the Form 6-K
• SEC (company) — Recipient of the filing

FAQ

Key Financial Figures

• $3.4 million — arginally by 2.76% from approximately US$3.4 million to approximately US$3.5 million. The in
• $3.5 million — ately US$3.4 million to approximately US$3.5 million. The increase was mainly due to higher
• $0.6 million — ices which increased by approximately US$0.6 million (29.2%) compared to the period ended Ju
• $0.5 million — products which declined approximately US$0.5 million (39.1%) in 1H 2024 compared to 1H 2023.
• $93,000 — her income increased by approximately US$93,000 (49.1%) in 1H 2024 due mainly to favora
• $329,000 — inventory decreased by approximately US$329,000 or 80.8% from approximately US$407,000
• $407,000 — S$329,000 or 80.8% from approximately US$407,000 for the period ended June 30, 2023 to a
• $78,000 — ended June 30, 2023 to approximately US$78,000 for the period ended June 30, 2024, whi
• $527,000 — tics costs decreased by approximately US$527,000 or 66.6% from approximately US$792,000
• $792,000 — S$527,000 or 66.6% from approximately US$792,000 for the period ended June 30, 2023 to a
• $264,000 — ended June 30, 2023 to approximately US$264,000 for the period ended June 30, 2024. The
• $321,000 — e in logistics costs of approximately US$321,000. In 1H 2024, notwithstanding the increa
• $607,000 — ste disposal revenue of approximately US$607,000 (29.2%), the Group's disposal of hazard
• $387,000 — quid waste decreased by approximately US$387,000 (45.8%) compared to the same period las
• $411,000 — in 1H 2024 increased by approximately US$411,000 (64.3%) from approximately US$639,000 f

Filing Documents

• form6-k.htm (6-K) — 328KB
• ex99-1.htm (EX-99.1) — 1121KB
• 0001493152-25-005288.txt ( ) — 6500KB
• esgl-20240630.xsd (EX-101.SCH) — 69KB
• esgl-20240630_cal.xml (EX-101.CAL) — 77KB
• esgl-20240630_def.xml (EX-101.DEF) — 135KB
• esgl-20240630_lab.xml (EX-101.LAB) — 355KB
• esgl-20240630_pre.xml (EX-101.PRE) — 259KB
• form6-k_htm.xml (XML) — 1408KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For February 2025 Commission File No. 001-41772 ESGL Holdings Limited 101 Tuas South Avenue 2 Singapore 637226 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F Information Contained in this Form 6-K Report This Form 6-K is being filed to include the unaudited consolidated financial statements of ESGL Holdings Limited (the "Company") for the six month period ended June 30, 2024 (including Management's Discussion and Analysis of Financial Condition and Results of Operations for such period), which financial statements and discussion were previously disclosed in the Company's final prospectus filed with the Securities and Exchange Commission ("SEC") on December 20, 2024 and the Company's prospectus supplement filed with the SEC on January 17, 2025. The following exhibits are attached: EXHIBIT NO. DESCRIPTION 99.1 Unaudited Consolidated Financial Statements as of June 30, 2024 EX-101 INS Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document EX-101 SCH Inline XBRL Taxonomy Extension Schema Document EX-101 CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document EX-101 DEF Inline XBRL Taxonomy Extension Definition Linkbase Document EX-101 LAB Inline XBRL Taxonomy Extension Label Linkbase Document EX-101 PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This discussion contains forward-looking actual results and the timing of events could differ materially from those anticipated in these forward- looking statements as a result of various factors, including those set forth under "Risk Factors" in the Company's filings with the Securities and Exchange Commission. Overview ESGL is a holding company incorporated as an exempted company under the laws of the Cayman Islands. As a holding company with no material operations of its own, the Group conducts all its operations through its operating entity incorporated in Singapore, ESA. The Group is a waste management, treatment and recycling company involved in the collection and recycling of hazardous and non-hazardous industrial waste from customers such as pharmaceutical, semiconductor, petrochemical and electroplating companies. The Group currently has two revenue streams, from: (i) services income which is primarily comprised of the fees charged to customers for the provision of waste collection and disposal services, which fees are similar to those charged by the Group's competitors, and (ii) the sales and trading of its circular products made from recycled waste, which is believed to make the Group a unique and environmentally-friendly offering in the marketplace. The Ordinary Shares being registered for resale in connection with this offering will constitute a considerable percentage of our "public float" (defined as the number of our outstanding Ordinary Shares held by non-affiliates). The Selling Shareholders named herein beneficially own in the aggregate 17,241,380 Ordinary Shares registered for resale hereunder, which is equal to approximately 42.8% of our outstanding Ordinary Shares. The Selling Shareholders will be able to sell all of their Ordinary Shares for so long as the registration were purchased by the Selling Shareholders at a price below the current market price of our Ordinary Shares. Given the substantial amount of redemptions in connection with the Business Combination and the relative lack of liquidity in our stock, sales of our Ordinary Shares under the registration statement of which this prospectus is a part could result in a significant decline in the market price of our securities. Factors Affecting the Group's Performance and Related Trends The Group believes that the key factors affecting its performance and financial performance include: (i) Continuous Engagement with the Group's Customers : The Group benefits from its unique approach to waste handling — captive consumption, which has allowed it to capture customers from the target market segment of multinational corporations that aim to meet their environmental, social and governance goals. The Group's revenue growth largely depends on its ability to retain current customers and attract new customers, including its ability to form relationships with and manage an increasing number of customers. In addition to the traditional means of attracting potential customers via emails, business bro

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View this 6-K filing on SEC EDGAR