One and One Green Technologies’ aluminium revenue falls 25.4% in H1 2026 amid processing upgrade
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One and One Green Technologies, a Philippines-based recycler of waste materials and scrap metal, saw its aluminium alloy revenue decline in the first half of 2026 after an equipment upgrade temporarily halted aluminium processing for about six weeks.
The company, which produces aluminium alloy, copper alloy and brass alloy ingots, suspended aluminium processing from mid-May through the end of June while upgrading its aluminium processing equipment. Production resumed in July 2026.
The disruption affected the company’s aluminium business even as overall financial performance remained positive. Revenue for the six months ended June 30, 2026, rose 18.7 per cent to USD 33.38 million from USD 28.13 million a year earlier, while net income increased 17.4 per cent to USD 4.49 million from USD3.83 million.
Aluminium alloy revenue declines during H1 shutdown
The temporary suspension was reflected in One and One’s aluminium alloy revenue, which fell to USD 6.42 million in H1 2026 from USD 8.61 million in the same period a year earlier.
The company attributed the decline primarily to the six-week suspension of aluminium processing during the equipment upgrade. During the same period, processing capacity was reallocated to other alloy production.
Aluminium production resumed in July 2026 after the equipment upgrade was completed.
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Aluminium processing disruption weighs on costs
The temporary halt in aluminium processing also affected the company’s cost structure. Related costs continued to be incurred during the suspension, while raw material purchase prices increased across product categories.
Cost of revenue rose 24.37 per cent to USD 26.13 million from USD 21.01 million, despite total sales quantity declining 10.41 per cent.
Realised price per kilogram sold increased 32.5 per cent, but cost per kilogram sold rose by a faster 38.8 per cent. As a result, gross margin narrowed to 21.73 per cent from 25.32 per cent.
Gross profit nevertheless increased 1.86 per cent to USD7.25 million.
Aluminium production resumes after equipment upgrade
The impact of the disruption was also reflected in operating income, which declined to USD4.99 million from USD5.70 million.
At the same time, income before income taxes increased 24.9 per cent to USD6.13 million, while net income rose 17.42 per cent to USD4.49 million.
For One and One Green Technologies, the first half of 2026 was therefore marked by a temporary interruption to aluminium processing rather than a full-year production decline. With aluminium production resuming in July, the company has moved into the second half with its upgraded aluminium processing equipment in operation.
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