One and one Green Technologies. Inc Q4 FY2025 earnings call

Fiscal year 2025 was a defining year. Delivered record revenue of $65.8 million, nearly doubled net income to $11.8 million, expanded growth margin by more than 400 basis points, and completed initial public offering of Nasdaq. Growth strategy focused on three priorities: geographic expansion into Southeast Asia, Japan, South Korea, Europe, and the Americas; building an international business environment team with language and cultural expertise; preparing for launch of dedicated lithium battery recycling facility within next three years. Business has three pillars: regulatory framework with hazardous waste import license and full environmental permits; proprietary exhaust gas recirculation system; supplier base of over 100 counterparties across multiple geographies.

Fiscal year 2025 total revenue was $65.8 million. The growth was concentrated in two largest product lines. Copper alloy ingot revenue grew to $45.1 million, up from $32.8 million in the prior year on a volume basis, an increase of 37% year-over-year. Aluminum alloy revenue was $19.8 million compared to $15.5 million in 2024. Brass alloy ingot revenue was $994,000, compared to $4.3 million in 2024, a decline reflecting a shift in demand within specific customer segments.

Looking ahead to 2026 and beyond, operating priorities focused on three areas: geographic expansions to deepen raw material sourcing and expand customer footprint; build out additional processing facility within next three years dedicated to lithium battery recycling; disciplined capital deployment into highest returning opportunities, with material capital commitment reviewed by board.

Statements are forward-looking and involve risks and uncertainties. Regulatory requirements for maintaining hazardous waste import license and environmental permits; impact of global metals flows reshuffling due to factors like U.S. tariffs; potential raw material cost volatility despite supplier relationships.

Q: Can you walk us through the regulatory framework for your hazardous waste import license? How difficult is it to obtain and maintain And how does that shape the competitive dynamics you face in the Philippines?

A: The license operates under the Basel Convention. Needs authorization from Environmental Management Bureau of Philippines, full permit to operate, valid discharge permit, and specific import and export permits issued through Bureau of Customs. Not routinely granted to new entrants. Competitive field structurally limited.

Q: On April 6th, the White House expanded Section 232 tariffs on copper, aluminum, and steel to apply to the full customs value of imported articles. How does a reshuffling of global metals flows of this magnitude affect one and one's competitive position?

A: Direct exposure is limited as we sell primarily into Asia Pacific. Indirectly, global metal flows reshaped by tariffs provide alternative demand in Asia-Pacific markets we serve. Our access to waste materials supported by bilateral regulatory approval process.

Q: Recent analyst reports argue that AI is creating a dual shock. How do you see that affecting demand in your space?

A: A single modern hyperscale data center can require thousands of tons of copper, aluminum, etc. Global metals demand tightens favors licensed operators with permitted capacity rich positions, which is the position we have built.