ESGL Holdings Ltd (ESGL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: April 30, 2026

Risk Assessment Details

Potential Dilution: 16.07% of current shares
Recent Dilution: 736.18% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
350M
Potential Supply
56M
Additional shares possible
Splits
None
Past 2 years

Summary

ESGL currently has 348M outstanding shares. with limited dilution risk as only 55.9M additional shares (16.1%) are authorized for issuance. The company has significantly diluted shareholders by 736.18% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 30, 2026

20-F filing | 348.0M shares outstanding

350M 56M
Apr 29, 2025

20-F filing | 41.8M shares outstanding

42M 56M
Nov 29, 2024

F-1 filing: Registration for resale of ordinary shares by selling shareholders.

40M 56M
May 16, 2024

20-F filing | 23.0M shares outstanding

23M 39M
Apr 12, 2024

F-1 filing: Registration for resale of ordinary shares by the selling shareholder.

23M 39M
Sep 19, 2023

F-1 filing: ESGL Holdings Limited is registering for resale by certain selling shareholders up to 10,302,336 of its ordinary shares, up to 377,331 redeemable warrants to purchase Ordinary Shares at a price of $11.50 per share, up to 377,331 Ordinary Shares issuable upon the exercise of the Private Warrants, and up to 8,625,000 Ordinary Shares issuable upon the exercise of the public warrants. In addition, this prospectus relates to the issuance by us of up to 9,002,331 Ordinary Shares that are issuable upon the exercise of the Public Warrants assumed by us.

13M 29M
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