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Asia Propert Financials

ASPZ
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Asia Propert (ASPZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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 ASPZ FY2025

HyOrc’s reported equity looks substantial, but goodwill-heavy assets and recurring cash burn show a business still supported externally.

Revenue fell from $617K in FY2024 to $59K in FY2025. Yet operating cash burn stayed near the prior year at -$336K versus -$346K, so the smaller accounting loss appears to reflect lower reported overhead more than a stronger revenue base, meaning the business did not become self-supporting as losses narrowed.

Of the $21.7M asset base, goodwill represented 72.5%. Cash was only $19K, which means the company’s book value is mostly non-cash and says more about past acquisition accounting than about funds available for day-to-day operations.

Liabilities were just $15K, so this is not a debt-loaded balance sheet despite weak operations; the strain comes from cash generation, not leverage. Negative operating cash flow of -$336K and financing inflow of $169K show the business is still relying on outside funding rather than internally generated cash.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating Asia Propert's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Safe
1033.39

Asia Propert scores 1033.39, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($25.9M) relative to total liabilities ($15K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Earnings Quality Low Quality
0.61x

For every $1 of reported earnings, Asia Propert generates $0.61 in operating cash flow (-$336K OCF vs -$551K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
$59K

Asia Propert generated $59K in revenue in fiscal year 2026.

EBITDA
-$566K

Asia Propert's EBITDA was -$566K in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

Net Income
-$551K

Asia Propert reported -$551K in net income in fiscal year 2026.

EPS (Diluted)
$0.00

Asia Propert earned $0.00 per diluted share (EPS) in fiscal year 2026.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$19K
YoY+5263.8%

Asia Propert held $19K in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share
N/A
Shares Outstanding
737M

Asia Propert had 737M shares outstanding in fiscal year 2026.

Margins & Returns

Gross Margin
100.0%

Asia Propert's gross margin was 100.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs.

Operating Margin
-957.0%

Asia Propert's operating margin was -957.0% in fiscal year 2026, reflecting core business profitability.

Net Margin
-932.4%

Asia Propert's net profit margin was -932.4% in fiscal year 2026, showing the share of revenue converted to profit.

Return on Equity
-2.5%

Asia Propert's ROE was -2.5% in fiscal year 2026, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

ASPZ Income Statement

Metric Q1'26 Q4'25 Q1'25 Q4'24 Q3'17 Q2'17 Q1'17 Q4'16
Revenue N/A N/A $150 N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A $150 N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $85K N/A $23K N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A 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 -$85K N/A -$23K N/A N/A N/A N/A N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

ASPZ Balance Sheet

Metric Q1'26 Q4'25 Q1'25 Q4'24 Q3'17 Q2'17 Q1'17 Q4'16
Total Assets $21.9M+0.5% $21.7M-2.4% $22.3M+0.2% $22.2M+1116160.9% $2K-31.5% $3K+385.1% $599+65.5% $362
Current Assets $171K+206.1% $56K-74.2% $217K+23.2% $176K N/A N/A N/A N/A
Cash & Equivalents $135K+593.9% $19K-91.0% $217K+23.2% $176K+8736.1% $2K-31.5% $3K+385.1% $599+65.5% $362
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $37K0.0% $37K N/A $176K N/A N/A N/A N/A
Goodwill $15.8M0.0% $15.8M0.0% $15.8M0.0% $15.8M N/A N/A N/A N/A
Total Liabilities $215K+1333.2% $15K-93.3% $224K+39.9% $160K-61.9% $421K+10.1% $382K+11.0% $344K+11.1% $310K
Current Liabilities $215K+1333.2% $15K-93.3% $224K N/A $421K+10.1% $382K+11.0% $344K+11.1% $310K
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $21.6M-0.4% $21.7M-1.5% $22.1M-0.1% $22.1M+5371.4% -$419K-10.4% -$379K-10.3% -$344K-11.1% -$309K
Retained Earnings -$8.9M-1.0% -$8.8M-6.4% -$8.2M-0.3% -$8.2M-33.5% -$6.2M-0.6% -$6.1M-0.6% -$6.1M-0.6% -$6.0M

ASPZ Cash Flow Statement

Metric Q1'26 Q4'25 Q1'25 Q4'24 Q3'17 Q2'17 Q1'17 Q4'16
Operating Cash Flow $115K N/A $41K N/A $5K-53.3% $10K N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A -$6K+27.3% -$8K N/A N/A
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

ASPZ Financial Ratios

Metric Q1'26 Q4'25 Q1'25 Q4'24 Q3'17 Q2'17 Q1'17 Q4'16
Gross Margin N/A N/A 100.0% N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A -15376.7% N/A N/A N/A N/A N/A
Return on Equity -0.4% N/A -0.1% N/A N/A N/A N/A N/A
Return on Assets -0.4% N/A -0.1% N/A N/A N/A N/A N/A
Current Ratio 0.80-2.9 3.73+2.8 0.97 N/A N/A N/A N/A N/A
Debt-to-Equity 0.010.0 0.000.0 0.010.0 0.01+1.0 -1.000.0 -1.010.0 -1.000.0 -1.00
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Asia Propert (ASPZ) reported $59K in total revenue for fiscal year 2026. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

No, Asia Propert (ASPZ) reported a net income of -$551K in fiscal year 2026, with a net profit margin of -932.4%.

Asia Propert (ASPZ) reported diluted earnings per share of $0.00 for fiscal year 2026. 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.

Asia Propert (ASPZ) had EBITDA of -$566K in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

Asia Propert (ASPZ) had a gross margin of 100.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Asia Propert (ASPZ) had an operating margin of -957.0% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Asia Propert (ASPZ) had a net profit margin of -932.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Asia Propert (ASPZ) has a return on equity of -2.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Asia Propert (ASPZ) generated -$336K in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Asia Propert (ASPZ) had $21.7M in total assets as of fiscal year 2026, including both current and long-term assets.

Asia Propert (ASPZ) had 737M shares outstanding as of fiscal year 2026.

Asia Propert (ASPZ) had a current ratio of 3.73 as of fiscal year 2026, which is generally considered healthy.

Asia Propert (ASPZ) had a debt-to-equity ratio of 0.00 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Asia Propert (ASPZ) had a return on assets of -2.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2026 data, Asia Propert (ASPZ) had $19K in cash against an annual operating cash burn of $336K. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Asia Propert (ASPZ) has an Altman Z-Score of 1033.39, 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.

Asia Propert (ASPZ) has an earnings quality ratio of 0.61x, considered low quality (accrual-driven). 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.

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