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Asiafin Holdings Corp Financials

ASFH
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Asiafin Holdings Corp (ASFH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ASFH FY2025

AsiaFIN’s recent improvement comes from cash conversion and overhead absorption, while gross economics remain thinner than the revenue growth suggests.

In FY2025, cash generation broke away from accounting profit: despite a -$85K net loss, free cash flow reached $395K. Because receivables fell to $1.1M even as revenue climbed to $5.1M, the liquidity improvement looks driven by faster collections and light reinvestment rather than fully repaired margins.

FY2025 operating profit returned even though gross margin slipped to 37.1% from 42.1%, so the recovery did not come from richer gross economics. It came from cost absorption above gross profit: revenue grew faster than SG&A, turning scale into a small operating-margin recovery despite a weaker mix at the gross line.

The balance sheet is still liquid and lightly levered: cash ended FY2025 at $1.7M while long-term debt was only $44K. With a 2.1x current ratio and liabilities concentrated in the short term, the business is being financed more through working capital and equity than through traditional borrowing.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 46 / 100
Financial Profile 46/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Asiafin Holdings Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
24

Asiafin Holdings Corp has an operating margin of 0.8%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 24/100, suggesting thin profitability after operating expenses. This is up from -1.3% the prior year.

Growth
81

Asiafin Holdings Corp's revenue surged 51.6% year-over-year to $5.1M, reflecting rapid business expansion. This strong growth earns a score of 81/100.

Leverage
100

Asiafin Holdings Corp carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
39

Asiafin Holdings Corp's current ratio of 2.14 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
28

Asiafin Holdings Corp's free cash flow margin of 7.7% results in a low score of 28/100. Capital expenditures of $109K absorb a large share of operating cash flow.

Returns
4

Asiafin Holdings Corp generates a -3.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 4/100. This is up from -5.8% the prior year.

Altman Z-Score Safe
10.41

Asiafin Holdings Corp scores 10.41, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($41.0M) relative to total liabilities ($2.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
4/9

Asiafin Holdings Corp passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed
-5.90x

For every $1 of reported earnings, Asiafin Holdings Corp generates $-5.90 in operating cash flow ($504K OCF vs -$85K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$5.1M
YoY+51.6%
5Y CAGR+209.7%

Asiafin Holdings Corp generated $5.1M in revenue in fiscal year 2025. This represents an increase of 51.6% from the prior year.

EBITDA
$170K
YoY+121.9%

Asiafin Holdings Corp's EBITDA was $170K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 121.9% from the prior year.

Net Income
-$85K
YoY+40.6%

Asiafin Holdings Corp reported -$85K in net income in fiscal year 2025. This represents an increase of 40.6% from the prior year.

EPS (Diluted)
$0.00

Asiafin Holdings Corp earned $0.00 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
$395K
YoY+446.3%

Asiafin Holdings Corp generated $395K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 446.3% from the prior year.

Cash & Debt
$1.7M
YoY+33.4%
5Y CAGR+27.7%

Asiafin Holdings Corp held $1.7M in cash against $44K in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
82M
YoY+0.4%
5Y CAGR+2.5%

Asiafin Holdings Corp had 82M shares outstanding in fiscal year 2025. This represents an increase of 0.4% from the prior year.

Margins & Returns

Gross Margin
37.1%
YoY-4.9pp
5Y CAGR+7.1pp

Asiafin Holdings Corp's gross margin was 37.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.9 percentage points from the prior year.

Operating Margin
0.8%
YoY+2.0pp

Asiafin Holdings Corp's operating margin was 0.8% in fiscal year 2025, reflecting core business profitability. This is up 2.0 percentage points from the prior year.

Net Margin
-1.7%
YoY+2.6pp
5Y CAGR+413.7pp

Asiafin Holdings Corp's net profit margin was -1.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.6 percentage points from the prior year.

Return on Equity
-3.3%
YoY+2.5pp
5Y CAGR+11.4pp

Asiafin Holdings Corp's ROE was -3.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.5 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$109K
YoY-21.0%

Asiafin Holdings Corp invested $109K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 21.0% from the prior year.

ASFH Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $1.3M-33.6% $1.9M+21.9% $1.6M+56.5% $1.0M+62.2% $621K-51.8% $1.3M+24.7% $1.0M+90.3% $542K
Cost of Revenue $935K-71.0% $3.2M+283.9% $839K+20.7% $695K+10.7% $628K-67.9% $2.0M+3915.8% $49K-26.8% $67K
Gross Profit $341K+126.2% -$1.3M-276.5% $737K+136.3% $312K+4612.1% -$7K+99.0% -$671K-224.5% $539K+892.3% $54K
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $510K+2.6% $497K+34.9% $368K-29.5% $523K+7.7% $486K-1.8% $495K+42.3% $348K+6.6% $326K
Operating Income -$165K N/A N/A N/A -$489K N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income -$153K-171.0% $215K-43.5% $380K+292.2% -$198K+59.0% -$482K-308.7% $231K+25.3% $184K+165.6% -$281K
EPS (Diluted) $0.00 N/A $0.00 $0.00+100.0% $-0.01 N/A $0.00 $0.00

ASFH Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $4.8M+1.4% $4.8M+17.4% $4.1M+12.6% $3.6M-7.9% $3.9M-6.1% $4.2M+11.5% $3.7M+14.2% $3.3M
Current Assets $3.5M+2.7% $3.4M+25.0% $2.8M+17.7% $2.3M-11.4% $2.6M-9.5% $2.9M+19.7% $2.4M+16.1% $2.1M
Cash & Equivalents $1.7M-3.6% $1.7M+119.8% $795K-22.9% $1.0M-18.1% $1.3M-3.9% $1.3M+52.5% $859K-25.6% $1.2M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $1.2M+12.6% $1.1M-15.6% $1.3M+57.3% $833K-12.0% $948K-20.0% $1.2M+10.8% $1.1M+98.9% $537K
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $2.4M+10.1% $2.2M+22.7% $1.8M+3.7% $1.7M-10.0% $1.9M+12.5% $1.7M0.0% $1.7M+4.5% $1.6M
Current Liabilities $1.9M+16.3% $1.6M+31.2% $1.2M+3.9% $1.2M-11.2% $1.3M+16.4% $1.1M+5.7% $1.1M+1.1% $1.1M
Long-Term Debt $40K-8.7% $44K+42.0% $31K N/A N/A $0 N/A N/A
Total Equity $2.4M-6.1% $2.6M+13.2% $2.3M+20.8% $1.9M-6.0% $2.0M-18.9% $2.5M+21.1% $2.0M+23.7% $1.6M
Retained Earnings -$8.3M-1.9% -$8.1M+2.6% -$8.3M+4.4% -$8.7M-2.3% -$8.5M-6.0% -$8.0M+2.8% -$8.3M+2.2% -$8.5M

ASFH Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$43K-104.7% $915K+692.2% -$155K+27.0% -$212K-368.6% -$45K-116.0% $282K+185.9% -$328K-482.9% -$56K
Capital Expenditures $114-99.8% $58K+278.8% $15K-23.8% $20K+23.1% $16K-84.4% $104K+790.5% $12K-19.0% $14K
Free Cash Flow -$43K-105.1% $857K+605.0% -$170K+26.7% -$232K-277.1% -$61K-134.6% $177K+152.2% -$339K-380.3% -$71K
Investing Cash Flow -$114+99.8% -$58K-281.4% -$15K+23.8% -$20K-295.8% -$5K+95.2% -$104K-790.5% -$12K+76.5% -$50K
Financing Cash Flow -$24K-242.3% $17K+125.5% -$66K-137.5% -$28K-294.4% -$7K-102.4% $296K+2297.8% -$13K+41.3% -$23K
Dividends Paid N/A $0 $0 $0 $0 $0 $0 $0
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

ASFH Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin 26.7%+94.4pp -67.7%-114.5pp 46.8%+15.8pp 31.0%+32.1pp -1.1%+51.0pp -52.1%-104.3pp 52.2%+42.2pp 10.0%
Operating Margin -13.0% N/A N/A N/A -78.8% N/A N/A N/A
Net Margin -12.0%-23.1pp 11.2%-12.9pp 24.1%+43.8pp -19.6%+58.0pp -77.7%-95.6pp 17.9%+0.1pp 17.9%+69.7pp -51.8%
Return on Equity -6.3%-14.7pp 8.4%-8.4pp 16.8%+27.3pp -10.5%+13.6pp -24.1%-33.5pp 9.4%+0.3pp 9.1%+26.2pp -17.1%
Return on Assets -3.2%-7.7pp 4.5%-4.9pp 9.4%+14.9pp -5.5%+6.8pp -12.3%-17.9pp 5.5%+0.6pp 4.9%+13.5pp -8.6%
Current Ratio 1.89-0.3 2.14-0.1 2.25+0.3 1.980.0 1.99-0.6 2.56+0.3 2.26+0.3 1.97
Debt-to-Equity 0.020.0 0.020.0 0.01-0.9 0.92-0.0 0.96+1.0 0.00-0.8 0.84-0.2 0.99
FCF Margin -3.4%-48.0pp 44.6%+55.4pp -10.8%+12.2pp -23.0%-13.1pp -9.9%-23.7pp 13.8%+46.6pp -32.9%-19.8pp -13.0%

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Frequently Asked Questions

Asiafin Holdings Corp (ASFH) reported $5.1M in total revenue for fiscal year 2025. This represents a 51.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Asiafin Holdings Corp (ASFH) revenue grew by 51.6% year-over-year, from $3.4M to $5.1M in fiscal year 2025.

No, Asiafin Holdings Corp (ASFH) reported a net income of -$85K in fiscal year 2025, with a net profit margin of -1.7%.

Asiafin Holdings Corp (ASFH) reported diluted earnings per share of $0.00 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Asiafin Holdings Corp (ASFH) had EBITDA of $170K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Asiafin Holdings Corp (ASFH) had $1.7M in cash and equivalents against $44K in long-term debt.

Asiafin Holdings Corp (ASFH) had a gross margin of 37.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Asiafin Holdings Corp (ASFH) had an operating margin of 0.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Asiafin Holdings Corp (ASFH) had a net profit margin of -1.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Asiafin Holdings Corp (ASFH) has a return on equity of -3.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Asiafin Holdings Corp (ASFH) generated $395K in free cash flow during fiscal year 2025. This represents a 446.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Asiafin Holdings Corp (ASFH) generated $504K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Asiafin Holdings Corp (ASFH) had $4.8M in total assets as of fiscal year 2025, including both current and long-term assets.

Asiafin Holdings Corp (ASFH) invested $109K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Asiafin Holdings Corp (ASFH) had 82M shares outstanding as of fiscal year 2025.

Asiafin Holdings Corp (ASFH) had a current ratio of 2.14 as of fiscal year 2025, which is generally considered healthy.

Asiafin Holdings Corp (ASFH) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Asiafin Holdings Corp (ASFH) had a return on assets of -1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Asiafin Holdings Corp (ASFH) has an Altman Z-Score of 10.41, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Asiafin Holdings Corp (ASFH) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Asiafin Holdings Corp (ASFH) has an earnings quality ratio of -5.90x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Asiafin Holdings Corp (ASFH) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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