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One and One Green Technologies Inc (NASDAQ: YDDL) is a waste materials and scrap metal recycling company headquartered in San Rafael, Bulacan, Philippines. The company processes hazardous and non-hazardous raw materials into products such as copper alloy ingots, aluminum scraps, and plastic beads. Its government-issued license permits the import of hazardous waste for recycling, enabling an annual processing capacity of approximately 300,000 tons.
Corporate Structure and Workforce Experience
The company operates through its principal subsidiaries—Yoda Metal and Craft Trading and Services Corp. and DL Metal Corporation—under a variable interest entity (VIE) structure in the Philippines. One and One is authorized to issue up to 500 million ordinary shares, of which 489.8 million are Class A and 10.2 million are Class B. Before its initial public offering (IPO), it had 41.8 million Class A and 10.2 million Class B shares outstanding. Following the issuance of 2 million new Class A shares on October 9, 2025, Class A shares outstanding rose to 43.8 million. Ms. Caifen Yan retains approximately 91.9% of voting power post-offering.
Employee details are not publicly disclosed; however, operational management and technical teams support recycling processes, environmental compliance, and licensing requirements.
Recycling Technology by Globelet Reusable
Recent Developments and News
- October 9, 2025: One and One priced its IPO at $5.00 per Class A share, raising $10 million in gross proceeds. Underwriters received a 30-day option to purchase up to 300,000 additional shares.
- October 9, 2025: The company’s Class A shares began trading on the Nasdaq Capital Market under the ticker symbol YDDL.
- October 10, 2025: Shares closed at $8.19, reflecting a 51.11% increase from the IPO price. Trading volume reached 2,012,964 shares.
Financial and Strategic Analysis
One and One’s trailing twelve-month (TTM) revenue stood at $53.46 million, generating net income of $6.48 million and diluted earnings per share of $0.12. Key metrics as of October 9, 2025:
| Metric | Value |
|---|---|
| Closing Price | $8.19 |
| Price/Earnings (TTM) | 45.17Ă— |
| Profit Margin | 12.11% |
| Return on Assets | 16.85% |
| Return on Equity | 36.18% |
| Total Cash (mrq) | $1.85 million |
| Total Debt/Equity (mrq) | 3.78% |
| Levered Free Cash Flow (TTM) | $0.63 million |
The IPO proceeds are intended to bolster working capital and may support geographical expansion. The VIE structure enables the company to consolidate Philippine operations but carries governance and regulatory oversight considerations.
Market Position and Industry Context
Operating in the Industrials sector under “Waste Materials and Scrap Metal Recycling,” One and One distinguishes itself through:
- An exclusive hazardous-waste import license in the Philippines
- An annual processing capacity of 300,000 tons
- Environmentally approved exhaust gas recirculation technology that recovers metals from emissions
- Final products serving electronics, automotive, and manufacturing sectors
The company aims to expand raw-material sourcing from Japan and South Korea and to deepen its footprint across Southeast Asia. In the Philippine recycling market, where environmental regulations are tightening, One and One’s licensed capabilities and technology position it to meet rising demand for compliant recycling solutions.
TL;DR
On October 9, 2025, One and One Green Technologies Inc priced its IPO at $5.00 per share and commenced trading on Nasdaq under YDDL. By October 10, shares reached $8.19, up 51.11%, on a trading volume of 2 million. The company raised $10 million in gross proceeds to support expansion across Southeast Asia and enhance recycling capacity. Its trailing revenue is $53.46 million with net income of $6.48 million (EPS $0.12), and it maintains a 12.11% profit margin. Future plans include broader raw-material procurement and market penetration in regional recycling sectors.
