OIO · NASDAQ · Waste Management

OIO Group (OIO)

Combines De Tomaso with Singapore industrial-waste recycler ESA.

$1.96
vs last close−0.03 (−1.51%)
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OIO GroupOIO
Industrials

Pairs the De Tomaso automotive marque with ESA, a Singapore industrial-waste recycling business. ESA supplies the established operating activity; post-combination plans call for De Tomaso to anchor a broader ultra-luxury mobility and engineering platform.

Pivots around De Tomaso, the ultra-luxury automotive marque added in April 2026, while retaining Singapore-based industrial-waste recycler ESA.

ESA collects, treats, and recycles hazardous and non-hazardous industrial waste for pharmaceutical, semiconductor, petrochemical, and electroplating customers, and recovers materials for sale. Its legacy operation is based in Singapore. De Tomaso is the anchor for a stated plan to build a brand-led ultra-luxury mobility and engineering platform.

The post-combination group operates through both De Tomaso and ESA. Planned expansion into acquisitions, partnerships, restomodification, heritage engineering, and specialist suppliers remains management-described strategy rather than documented operating activity.

Company facts

CEOSung Fung (Norman) Choi
ListedMar 10, 2026
ExchangeNASDAQ
HeadquartersSingapore, Singapore
CountrySingapore
Employees63
CIK0001957538
ISINKYG3R95P1244

Market cap$27.7M
EPS (ttm)
P/E (ttm)
ROE
P/B2.03
P/S
Dividend yieldDiv yield
Beta−0.22vs XLI 0.02

No analyst consensus on record.

EPSReportedEstimate

FY22FY26
Reported−$0.14Pending
Estimate$0.00
Surprise

RevenueReportedEstimate

FY22FY26
Reported$0Pending
Estimate$21.7M
Surprise
Estimate$0.00
ReportedFY ends Dec 2026
Estimate$21.7M
ReportedFY ends Dec 2026
View details

Debt to equity41.20%
Current ratio19.10%

ProfitabilityRevenueNet incomeNet margin

Q2 FY21Q3 FY21Q1 FY22Q2 FY22Q3 FY22Q4 FY22Q1 FY23Q2 FY23
Revenue$0$0$0$0$0$0$0$0
Net income−$60−$40−$160.9K−$153.6K$142.7K−$348.0K−$507.1K$250.5K
Net margin

GrowthOperating income

Q2 FY21Q3 FY21Q1 FY22Q2 FY22Q3 FY22Q4 FY22Q1 FY23Q2 FY23
Operating income−$60−$40−$199.9K−$224.9K−$273.7K−$875.4K−$951.5K−$399.4K
YoY growthLoss widenedLoss widenedLoss widenedLoss widenedLoss widened

Balance sheet, Dec 31, 2025Cash & short-term investments $533.6K · Total debt $5.6M · Total assets $25.9M · Shareholders' equity $13.7M

Revenue
$0
Operating income
−$399.4K
Net income
$250.5K
View details

No dividends on record.

Insiders1,533.73%213.78M shares
11 holders · as of Jun 26, 2026
Adds to1,533.73%

13.94M company shares as of Sep 14, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 1,533.73%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Sung Fung (Norman) ChoiInsiderdirector, 10 percent owner, officer: CEO and Chairman
1,521.57%212.09Mfiled Jun 26, 2026
Leng Chuang QuekInsiderdirector, officer: Chief Executive Officer
7.81%1.09Mfiled Apr 9, 2026
Beng Hui LawInsiderdirector, officer: See Remarks
3.23%449,637filed Apr 9, 2026
Ming Huang Ernest FongInsiderdirector
0.59%82,591filed Apr 9, 2026
Shian Ching HoInsiderofficer: Chief Financial Officer
0.45%62,182filed Apr 9, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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