OIO Group (NASDAQ: OIOWW)

OIO Group is a holding company that conducts operations through its subsidiaries in waste management and recycling, and ultra luxury automotive manufacturing. It provides circular economy solutions by converting industrial waste into reusable products and manufactures limited edition high performance sports cars. The company is headquartered in Singapore and listed on the Nasdaq Capital Market under the ticker OIO.

ESA generates revenue from waste collection and disposal services and sales of circular products such as pyrolysis oil, diesel, metals, minerals, chemicals. DT generates revenue from the sale of its limited edition sports cars (P72, P900) and related merchandise, licensing, and after sales services. ESA also benefits from renewable energy generated by its onsite solar power system, which reduces operating costs.

The company operates through the following segments.

• Environmental Solutions (Asia) Pte. Ltd.: This segment collects and treats hazardous and non hazardous industrial waste from petrochemical, semiconductor, pharmaceutical and electroplating customers, and converts the waste into circular products including pyrolysis oil, diesel, metals such as nickel zinc copper silver gold, minerals like lime and fluorspar, and chemicals such as hydrochloric acid sulfuric acid and calcium chloride for sale to end users and traders. The segment also uses by products from its treatment process to generate renewable heat for its own facilities.

• De Tomaso Automobili Holdings Limited: This segment designs, manufactures and sells ultra luxury hypercars such as the P72 and P900 models, offers branded merchandise and licensing agreements, and provides after sales support through a global dealer network. The segment also engages in brand partnerships with luxury lifestyle companies to expand its market reach.

In waste management, OIO Group differentiates itself from traditional disposal focused competitors such as ECO Special Waste Management Pte Ltd, Chem‑Solv Technologies Pte Ltd, Modern Asia Environmental Holdings Pte Ltd and Veolia ES Singapore Industrial Pte. Ltd by emphasizing a circular model that converts waste into valuable products, utilizes renewable energy and holds ISCC PLUS certification for its NewOil product. OIO Group’s waste management unit holds ISO 14001 and ISO 9001 certifications, underscoring its commitment to environmental and quality standards. In the ultra luxury automotive space, De Tomaso competes with niche high performance marques but leverages its 65 year heritage, asset light partnership model and exclusive limited production strategy to appeal to ultra high net worth collectors. De Tomaso’s collaborations with engineering partners such as HWA AG enable it to maintain high product quality while keeping capital requirements low.

The waste management segment serves petrochemical clients including Shell Eastern Petroleum Pte Ltd, ExxonMobil Asia Pacific Pte Ltd, Huntsman Corporation and Singapore Refining Company Pte Ltd; semiconductor firms such as Micron Semiconductor Asia Operations Pte Ltd, STMicroelectronics Pte Ltd and Systems on Silicon Manufacturing Company Pte Ltd; pharmaceutical companies like AbbVie Operations Singapore Pte Ltd, Alcon Singapore Manufacturing Pte Ltd and Pfizer Asia Manufacturing Pte Ltd; technology equipment makers such as Linxens Singapore Pte Ltd, Singapore Epson Industrial Pte Ltd and Lincstech Circuit Singapore Pte Ltd; and chemical companies including Stella Chemifa Singapore Pte Ltd and BASF South East Asia Pte Ltd, while its circular products are sold to end users such as Shell, Gee Hoe Seng Pte Ltd, Progress Galvanizing Pte Ltd, GRM Co. Ltd and NickelHutte Aue GMBH. In 2024, the top four waste management customers contributed roughly 22.3%, 15.4%, 14.7% and 13.4% of group revenue, while in 2025 the top four contributed about 33.7%, 9.7%, 9.4% and 9.3%. The automotive segment sells its vehicles to ultra high net worth individuals through authorized dealers in Hong Kong, the Netherlands and the United States.