---
title: "ESGL Holdings Reports Major Turnaround in FY2024 Results"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/238368125.md"
description: "ESGL Holdings reported a significant turnaround in FY2024, achieving profitability and reducing its net loss from $95 million in FY2023 to $0.6 million. The company improved adjusted EBITDA by over 200%, driven by cost management and new product introductions. Despite strong revenue growth, Spark's analysis indicates profitability challenges and high leverage risks, leading to a Neutral rating for ESGL stock. The company focuses on sustainable waste management in Southeast Asia, with a current market cap of $83.67M and a year-to-date price performance of 56.06%."
datetime: "2025-04-30T21:00:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/238368125.md)
  - [en](https://longbridge.com/en/news/238368125.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/238368125.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/238368125.md) | [繁體中文](https://longbridge.com/zh-HK/news/238368125.md)


# ESGL Holdings Reports Major Turnaround in FY2024 Results

ESGL Holdings ( (ESGL) ) has shared an update.

On April 29, 2025, ESGL Holdings Limited announced its financial and operational results for FY2024, marking a significant turnaround. The company achieved profitability for its core operating subsidiary, reduced its net loss from $95 million in FY2023 to $0.6 million in FY2024, and improved adjusted EBITDA by over 200%. This success was driven by disciplined cost management, the introduction of new circular products, and the absence of one-off expenses from the previous year. ESGL’s strategic focus on sustainable waste treatment and circular product manufacturing positions it for long-term growth in Southeast Asia.

**Spark’s Take on ESGL Stock**

According to Spark, TipRanks’ AI Analyst, ESGL is a Neutral.

ESGL Holdings shows strong revenue growth, but profitability challenges and high leverage pose risks. While cash flow is a strength, technical indicators suggest bearish momentum, which could pressure the stock further. The lack of valuation metrics adds uncertainty, contributing to a lower overall score.

To see Spark’s full report on ESGL stock, click here.

**More about ESGL Holdings**

ESGL Holdings Limited is a leading provider of sustainable waste management and circular chemical solutions, dedicated to revolutionizing waste transformation with innovative technology and a commitment to environmental preservation. The company operates through its Singapore-based subsidiary, Environmental Solutions (Asia) Pte. Ltd., focusing on Southeast Asia’s industrial and environmental landscape.

**YTD Price Performance:** 56.06%

**Average Trading Volume:** 858,178

**Technical Sentiment Signal:** Sell

**Current Market Cap:** $83.67M

See more insights into ESGL stock on TipRanks’ Stock Analysis page.

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