Originally published on 14/8 2025

ESGFIRE returns since 2018: + 1000 %

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Market commentary & small-cap ESG outlook (June–July)

Inflation cooled enough for most central banks to keep rates on hold, which helped risk appetite stabilize into early summer. Small caps were choppier than megacaps, but July showed signs of life: the Russell 2000 outperformed the Russell 1000 in July (2.68% vs 2.59% total return) after June’s softness, a reminder that rate relief tends to help the smaller end of the market first. lseg.comfranklintempleton.com

Policy tailwinds for ESG stayed intact. The EU’s Packaging & Packaging Waste Regulation entered into force 11 Feb 2025 (general application from Aug 2026), reinforcing demand for recyclable/compostable packaging — a positive read-through for sustainable-materials names. Environment

Current ESGFIRE Portfolio Public holdings:

Clean Motion (Nasdaq First North: CLEMO) — e-mobility (solar-assisted urban delivery)

Performance Year-to-Date (YTD): + 41 %

What happened in June–July

-Financing secured; observation status removed. Clean Motion disclosed SEK 10.1m in new financing on June 5. Following that, Nasdaq Stockholm removed the company’s “observation status” on June 19. This materially de-risked near-term liquidity. view.news.eu.nasdaq.comTradingView

-Tier-one industry exposure. Clean Motion exhibited EVIG at EVS38 (Gothenburg, June 15–18), highlighting the lightweight, solar-assisted design for last-mile logistics. cleanmotion.seAutomotive World

-Fresh R&D support. On July 2 the company announced SEK 376,200 in funding from the Swedish Energy Agency to run a multi-country, real-world solar-mobility study with VTI. (The release specifies “across five countries” but does not list them.) cleanmotion.seview.news.eu.nasdaq.com

ESGFIRE Comment:
The June financing and observation-status removal were the key de-risking events into H2. Visibility also improved with EVS38 exposure and the VTI/energy-agency project, which should produce field data to support EVIG’s “energy-autonomous” thesis.

Replenish Nutrients (CSE: ERTH; OTC: VVIVF) — regenerative fertilizer

Performance Year-to-Date (YTD):  +125.00%

What happened in June–July

-Q1 2025 (released May 30) set the tone heading into summer: revenue C$0.4m (seasonally light), gross margin 19% (vs 12%), net loss C$1.2m (vs C$1.6m), and positive operating cash flow (~C$0.1m). The update reiterated Beiseker is targeting ~2,000 t/month at full ramp, with firm orders for the first 6,000 t; financing of ~C$5.6m (C$1.4m in Q1 + C$4.2m post-Q1) supports the build-out. newswire.ca

-Commissioning timing (important nuance): the formal commissioning update for Beiseker was announced Aug 5 (i.e., just outside this June–July window): initial production runs started; commissioning refinement ongoing. We reference it here only to mark the inflection right after July. newswire.ca

ESGFIRE Comment:
The story into June–July was about readiness: funding in place, pre-sold initial volumes, and commissioning steps underway. The Aug 5 note confirms the plant flipped from project to production in early August — a catalyst for H2 revenue.

Non public investment portfolio Outlook

-Alchemy (clean-tech; private): Still guided (per prior ESGFIRE commentary) toward a potential late-2025 listing; June–July brought no new public filings we could verify. We continue to frame IPO timing/value uplift as expectations, not commitments.

-Ola Media (media/tech; private): Continues to prepare for a targeted Q4 2025 listing and has been working on a late-stage funding round; no June–July filings publicly available. We keep performance language as ESGFIRE outlook until there’s a formal filing.

-Evanesce Packaging Solutions (sustainable packaging; private): Regulatory backdrop remained supportive with the EU’s PPWR now in force and general applicability set for Aug 2026, aiding compostable/recyclable packaging demand. No June–July company press releases located in public databases; IPO timing in late 2025 remains an expectation pending formal steps. Environmentkhlaw.com

About us:
ESGFIRE is a Swedish investment company and research firm that focuses on companies with either an environmentally friendly service or product. ESGFIRE has a performance record of over 1000 % returns since 2018. By only investing in environmentally friendly companies, ESGFIRE have outperformed the major indexes for several years. We have a track record of over 1100 % returns since 2018 using our own proven method of identifying high potential ESG companies.

Contact details
Website: www.esgfire.com
Group CEO: Filip Erhardt
Email: Filip@esgfire.com
Telephone:+46701609605

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The stock price development above was calculated by taking the opening price at the first day of the month and the closing price at the last day of the month.

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