SINGAPORE, April 29, 2025 — ESGL Holdings Limited (NASDAQ: ESGL) (“ESGL” or the “Company”), a prominent provider of sustainable waste management and circular chemical solutions, announced today the submission of its Form 20-F Annual Report for the fiscal year concluding on December 31, 2024, to the U.S. Securities and Exchange Commission.

The Company and its subsidiaries (collectively, the “Group”) showcased a significant improvement in FY2024, demonstrating strong performance, controlled cost management, and initial success from its circular product offerings. Key highlights include:

• Return to profitability for its primary operating subsidiary, Environmental Solutions (Asia) Pte Ltd
• Net loss decreased by almost 100% year-over-year, from US$95.0 million in FY2023 to US$0.6 million in FY2024
• Adjusted EBITDA increased by over 200%, rising from US$965,000 to US$2.3 million
• Loss per share reduced substantially, from US$14.70 to US$0.02

“FY2024 marked a turning point for ESGL,” stated Quek Leng Chuang, CEO & Chairman of ESGL. “We’ve demonstrated that sustainability and profitability are compatible. With a profitable operating subsidiary and an expanding range of circular products, we are establishing a base for sustained growth and positive environmental impact.”

This recovery was aided by reduced inventory and logistical expenses, in addition to the absence of one-time listing expenses that were recorded in FY2023. The Group also began selling several new circular products commercially — including NEWSPAR, NEWEARTH, and NEWCHEM — created using its unique waste-to-resource methods.

ESGL is furthering its capabilities in sustainable waste treatment and circular product manufacturing, particularly focusing on the rapidly developing industrial and environmental sector in Southeast Asia.

The complete Form 20-F is available on the SEC’s website at and on ESGL’s investor relations website at ir.esgl.asia.

Adjusted EBITDA

Adjusted EBITDA is a non-GAAP supplemental performance metric defined by ESGL as net income (loss), calculated according to GAAP, adjusted for interest expenses, tax benefits (expenses), depreciation and amortization expenses, and excluding non-recurring expenses related to its business combination transaction and equity issuance. Management considers this metric to be a significant indicator of the Company’s operating performance.

About ESGL Holdings Limited

ESGL Holdings Limited is an exempted holding company established under Cayman Islands law. ESGL is at the forefront of promoting sustainable waste management solutions and is committed to transforming waste management through innovative technology and environmental preservation. ESGL conducts all its operations through its Singapore-incorporated operating entity, Environmental Solutions (Asia) Pte. Ltd. Additional information, including the Company’s filings with the SEC, can be found at .

Forward-Looking Statements

This press release may contain statements that are considered “forward-looking statements” under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements can be identified by terms such as “target,” “believe,” “expect,” “will,” “shall,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” “forecast,” “intend,” “plan,” “project,” and similar expressions that predict or indicate future events or trends, or that are not statements of historical facts. Examples include statements about anticipated future financial and operating performance and results, including estimates for growth, gross margins, adjusted EBITDA, potential regional expansion, new product development, partnerships, customer relationships, demand for waste processing, and circular product sales. Forward-looking statements are not historical facts or guarantees of future performance. They are based on ESGL management’s current beliefs, expectations, and assumptions and are subject to uncertainties, risks, and changes in circumstances that are difficult to predict and often beyond our control. Actual results may differ materially from those indicated. Therefore, you should not rely on these forward-looking statements.

A more comprehensive list and description of risks and uncertainties can be found in ESGL’s filings with the SEC and other documents that the Company may file or furnish, which you are encouraged to read. Any forward-looking statement in this press release is based on information currently available and speaks only as of the date made. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time, except as required by law.

CONTACT: Investor Relations Contact:

ESGL Holdings Limited
Investor Relations Department
Email: ir@esgl.asia
Phone: +65 6653 2299

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