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AsiaFIN Holdings Delivers 53% Revenue Growth, Positive Net Income, for Third Quarter of 2025

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AsiaFIN Holdings (OTCQB:ASFH) reported third-quarter 2025 results for the period ended September 30, 2025, showing strong top-line growth and profitability.

Key figures: Q3 revenue $1.6M (+52.7% YoY), gross profit $737k (gross margin 46.8%), net income $371k (+110.9% YoY), and cash and cash equivalents $795k as of September 30, 2025. Management cited completed eInvoice billings, progress on an active Saudi Arabia project with a second payment received, and ongoing improvement in its OrangeFIN RPA business.

AsiaFIN Holdings (OTCQB:ASFH) ha riportato i risultati del terzo trimestre 2025 per il periodo terminato il 30 settembre 2025, mostrando una forte crescita del fatturato e redditività.

Principali dati: fatturato Q3 1,6 milioni di dollari (+52,7% a/a), utile lordo 737k dollari (margine lordo 46,8%), utile netto 371k dollari (+110,9% a/a), e cassa e equivalenti di cassa 795k dollari al 30 settembre 2025. La direzione ha citato i billings dell'e-invoice completati, i progressi su un progetto attivo in Arabia Saudita con un secondo pagamento ricevuto, e il miglioramento continuo della sua attività OrangeFIN RPA.

AsiaFIN Holdings (OTCQB:ASFH) informó los resultados del tercer trimestre de 2025 para el periodo terminado el 30 de septiembre de 2025, mostrando un fuerte crecimiento de ingresos y rentabilidad.

Datos clave: ingresos del trimestre 3 1,6 millones de dólares (+52,7% interanual), beneficio bruto 737 mil dólares (margen bruto 46,8%), ingreso neto 371 mil dólares (+110,9% interanual), y efectivo y equivalentes de efectivo 795 mil dólares al 30 de septiembre de 2025. La dirección citó la facturación eInvoice completada, avances en un proyecto activo en Arabia Saudita con un segundo pago recibido, y una mejora continua en su negocio OrangeFIN RPA.

AsiaFIN Holdings (OTCQB:ASFH)는 2025년 9월 30일 종료된 기간에 대한 2025년 3분기 실적을 발표했으며, 매출 성장과 수익성이 강했다고 밝혔다.

주요 수치: 3분기 매출 160만 달러 (+전년동기 대비 52.7%), 총이익 73.7만 달러 (총이익률 46.8%), 순이익 37.1만 달러 (+전년동기 대비 110.9%), 및 현금 및 현금성자산 79.5만 달러 (2025년 9월 30일 기준). 경영진은 완료된 전자송장 청구, 제2차 지급을 받은 사우디아라비아의 활성 프로젝트 진행, 그리고 OrangeFIN RPA 사업의 지속적인 개선을 언급했습니다.

AsiaFIN Holdings (OTCQB:ASFH) a publié les résultats du troisième trimestre 2025 pour la période se terminant le 30 septembre 2025, montrant une forte croissance du chiffre d'affaires et de la rentabilité.

Chiffres clés : chiffre d'affaires T3 1,6 M$ (+52,7 % sur un an), bénéfice brut 737 k$ (marge brute 46,8 %), résultat net 371 k$ (+110,9 % sur un an), et trésorerie et équivalents 795 k$ au 30 septembre 2025. La direction a cité la facturation eInvoice complétée, les progrès sur un projet actif en Arabie Saoudite avec un second paiement reçu, et une amélioration continue de son activité OrangeFIN RPA.

AsiaFIN Holdings (OTCQB:ASFH) hat die Ergebnisse des dritten Quartals 2025 für den Zeitraum bis zum 30. September 2025 gemeldet, die ein starkes Umsatzwachstum und Rentabilität zeigen.

Schlüsseldaten: Q3-Umsatz 1,6 Mio. USD (+52,7 % YoY), Bruttogewinn 737 Tsd. USD (Bruttomarge 46,8 %), Nettoeinkommen 371 Tsd. USD (+110,9 % YoY), und Barbestand und Barmitteläquivalente 795 Tsd. USD zum 30. September 2025. Das Management verwies auf abgeschlossene eInvoice-Abrechnungen, Fortschritte bei einem laufenden Projekt in Saudi-Arabien mit einer zweiten Zahlung, und fortlaufige Verbesserungen im OrangeFIN RPA-Geschäft.

AsiaFIN Holdings (OTCQB:ASFH) أصدرت نتائجها للربع الثالث من عام 2025 للفترة المنتهية في 30 سبتمبر 2025، مع تسجيل نمو قوي في الإيرادات وربحية.

الأرقام الرئيسية: إيرادات الربع الثالث 1.6 مليون دولار (+52.7% سنويًا)، هامش الربح الإجمالي 737 ألف دولار (الهامش الإجمالي 46.8%)، صافي الربح 371 ألف دولار (+110.9% سنويًا)، والنقد وما يعادله نقدًا 795 ألف دولار كما في 30 سبتمبر 2025. وأشار الإدارة إلى اكتمال فوترة eInvoice، والتقدم في مشروع نشط في المملكة العربية السعودية مع استلام دفعة ثانية، والتحسن المستمر في أعمال OrangeFIN RPA.

Positive
  • Revenue +52.7% YoY to $1.6M in Q3 2025
  • Net income +110.9% YoY to $371k in Q3 2025
  • Gross profit $737k with 46.8% gross margin in Q3 2025
  • Received second payment on Saudi Arabia project (advancing deployments)
Negative
  • Cash declined to $795k from $1.31M at year-end 2024
  • Gross margin down from 52.2% in Q3 2024 to 46.8% in Q3 2025
  • SG&A +6.0% YoY due to international expansion costs

KUALA LUMPUR, MY / ACCESS Newswire / November 13, 2025 / AsiaFIN Holdings Corp., (OTCQB:ASFH), a leading fintech financial ecosystem enabler, today announced financial results for the third quarter of 2025, the three-month period ended September 30, 2025.

CEO of AsiaFIN, KC Wong said, "Supported by increasing government regulations and demand for improved automation, AsiaFIN delivered significant growth and profitability in the third quarter. Q3 revenue nearly matched full-year 2024 revenue, increasing more than 52% year-over-year. Combined with a normalization of our gross margins and continued expense management, we generated positive net income."

Financial Results for the Quarter Ended September 30, 2025:

Cash and cash equivalents were approximately $795,000 as of September 30, 2025 as compared to approximately $1.31 million as of December 31, 2024.

Revenue for the quarter was approximately $1.6 million, an increase of 52.7% from the revenue for the third quarter of 2024.

Gross profit for the quarter was approximately $737,000, representing a gross margin of 46.8%, compared to gross profit of approximately $539,000, representing a gross margin of 52.2% for the third quarter of 2024. Sequentially, gross margin improved more than 1,500 basis points.

Selling, general and administrative expenses were approximately $368,000, an increase of 6.0% compared to $348,000 in the third quarter last year. The increase in general and administrative expenses was primarily attributable to international expenses related to the expansion into ASEAN and Saudi Arabia.

Net income was approximately $371,000, an increase of 110.9% compared to net income of approximately $176,000 for the third quarter of 2024.

Net income attributable to common shareholders was approximately $380,000, an increase of 106.0% compared to net income attributable to common shareholders of approximately $184,000 for the third quarter of 2024.

Total comprehensive income was approximately $399,000, or $0.00 per share, a slight increase compared to total comprehensive income of approximately $398,000, or $0.00 for the third quarter of 2024. The third quarter of last year included a significant gain on foreign currency translation income.

"We continue to advance our important initiatives in Saudi Arabia," continued Mr. Wong. "As previously disclosed, expanding our global presence is central to our long-term growth strategy, and Saudi Arabia, our first target, is an attractive market for our solutions. We received the second payment on the Saudi project, and as we continue to establish a strong reputation with the customer, we are advancing discussions for future deployments."

"Simultaneously, our eInvoice projects are mostly completed and have been invoiced," added Mr. Wong. "Our proven ability to automate important regulatory workflows is increasingly valuable to our customers, and our OrangeFIN Robotic Process Automation (RPA) business continues to improve."

About AsiaFIN Holdings Corp.

AsiaFIN Holdings Corp. (OTCQB:ASFH), a Nevada corporation, operates through its wholly owned Malaysia, Hong Kong and StarFIN Holdings Ltd subsidiaries. AsiaFIN's mission is to become the "financial ecosystem enabler" through its solutions in Fintech; Regulatory Technology (REGTECH); ESG Consultancy & Reporting and Robotic Process Automation (RPA) services. AsiaFIN provides services to over 90+ financial institutions and over 100 corporate clients in the Asia and Middle East region including Malaysia, Myanmar, the Philippines, Indonesia, Bangladesh, Pakistan, Thailand, Singapore and Saudi Arabia. AsiaFIN's clients are central banks, financial institutions and large corporation. For further information regarding the company, please visit https://asiafingroup.com

Notice Regarding Forward-Looking Statements

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of AsiaFIN and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

AsiaFIN undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Statements in this presentation that are not descriptions of historical facts are forward-looking statements relating to future events, and as such all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, identify forward-looking statements. These risks and uncertainties include, but are not limited to, risks associated with AsiaFIN's operating history, recent history of losses and profits, ability to adequately protect its software innovations, dependence on key executives, ability to obtain required regulatory approvals, other factors described in AsiaFIN's Annual Report on Form 10-K and other factors as may periodically be described in AsiaFIN's filings with the U.S. Securities and Exchange Commission.

[CONTINUES BELOW]

 

ASIAFIN HOLDINGS CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF SEPTEMBER 30, 2025 (UNAUDITED) AND DECEMBER 31, 2024 (AUDITED)
(Currency expressed in United States Dollars ("US$"), except for number of shares or otherwise stated)

As of
September 30, 2025
As of
December 31, 2024

Unaudited

Audited

ASSETS
Current assets
Cash and cash equivalents

$

795,154

$

1,309,929

Account receivables, net

1,310,608

1,184,130

Prepayment, deposits and other receivables

254,931

146,233

Amount due from related parties (including $47,478 of amount due from associate as of September 30, 2025)

64,296

3,809

Tax assets

333,847

280,354

Total current assets

$

2,758,836

$

2,924,455

Non-current Assets
Right-of-use assets, net

$

576,831

$

615,444

Property, plant and equipment, net

706,196

614,673

Deferred income tax assets

344

324

Investment in associates

8,322

7,944

Total non-current assets

$

1,291,693

$

1,238,385

TOTAL ASSETS

$

4,050,529

$

4,162,840

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accrued liabilities and other payables

$

904,691

$

1,151,256

Account payables (including $62,277 and $19,984 of account payable to related party as of September 30, 2025, and December 31, 2024, respectively)

142,840

39,296

Income tax payable

3,358

60,483

Amount due to director

103,911

146,018

Hire purchase - current portion

15,234

-

Lease liability - current portion

57,562

64,787

Total current liabilities

$

1,227,596

$

1,461,840

Non-current liabilities
Hire purchase - non-current portion

31,078

-

Lease liability - non-current portion

519,269

550,657

Deferred tax liabilities

5,305

4,991

Total non-current liabilities

$

555,652

$

555,648

TOTAL LIABILITIES

$

1,783,248

$

2,017,488

SHAREHOLDERS' DEFICIT
Preferred shares, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding

$

-

$

-

Common stock, $0.0001 par value; 600,000,000 shares authorized; 81,915,838 and 81,551,838 shares issued and outstanding as of September 30, 2025 and December 31, 2024

8,192

8,155

Additional paid-in capital

10,795,250

10,467,687

Accumulated other comprehensive loss

(150,777

)

(271,870

)

Accumulated deficit

(8,339,723

)

(8,039,600

)

Non-controlling interest

(45,661

)

(19,020

)

TOTAL SHAREHOLDERS' EQUITY

$

2,267,281

$

2,145,352

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

$

4,050,529

$

4,162,840

See accompanying notes to unaudited condensed consolidated financial statements.

F-1

ASIAFIN HOLDINGS CORP.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024
(Currency expressed in United States Dollars ("US$"), except for number of shares or otherwise stated)

Three months ended September 30,

Nine months ended September 30,

2025

2024

2025

2024

REVENUE

$

1,576,382

$

1,032,360

$

3,204,858

$

2,094,588

COST OF REVENUE (including $1,279 and $24,122 of cost of service revenue to related party for the three months ended September 30, 2025 and 2024, respectively; including $51,476 and $89,558 of cost of service revenue to related party for the nine months ended September 30, 2025 and 2024, respectively)

(839,347

)

(493,630

)

(2,162,815

)

(1,479,636

)

GROSS PROFIT

$

737,035

$

538,730

$

1,042,043

$

614,952

SHARE OF LOSS FROM OPERATION OF ASSOCIATE

(1

)

(16,664

)

(118

)

(41,751

)

OTHER INCOME

2,379

1,477

8,692

5,730

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (including $26,135 and $24,882 of selling, general and administrative expenses to related party for the three months ended September 30, 2025 and 2024, respectively; including $75,961 and $70,482 of selling, general and administrative expenses to related party for the nine months ended September 30, 2025 and 2024, respectively)

(368,494

)

(347,639

)

(1,377,381

)

(969,579

)

INCOME/(LOSS) BEFORE INCOME TAX

$

370,919

$

175,904

$

(326,764

)

$

(390,648

)

INCOME TAX PROVISION

-

-

-

-

NET INCOME/(LOSS)

$

370,919

$

175,904

$

(326,764

)

$

(390,648

)

Net loss attributable to non-controlling interest

9,188

8,577

26,641

15,922

NET INCOME/(LOSS) ATTRIBUTED TO COMMON SHAREHOLDERS OF ASIAFIN HOLDINGS CORP.

$

380,107

$

184,481

$

(300,123

)

$

(374,726

)

Other comprehensive income:
- Foreign currency translation income

18,703

213,709

121,093

166,137

TOTAL COMPREHENSIVE INCOME/(LOSS)

$

398,810

$

398,190

$

(179,030

)

$

(208,589

)

NET INCOME/(LOSS) PER SHARE, BASIC AND DILUTED

$

0.00

$

0.00

$

(0.00

)

$

(0.00

)

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED

81,915,838

81,551,838

81,915,838

81,551,838

Investors & Media Contact:

Tom Baumann
FNK IR
646.349.6641
asfh@fnkir.com

- END -

SOURCE: ASIAFIN HOLDINGS CORP



View the original press release on ACCESS Newswire

FAQ

What were AsiaFIN (ASFH) Q3 2025 revenue and year-over-year growth?

AsiaFIN reported Q3 2025 revenue of $1.6M, an increase of 52.7% YoY.

Did AsiaFIN (ASFH) report profit in Q3 2025 and how much?

Yes; AsiaFIN reported net income of $371k for Q3 2025, up 110.9% YoY.

How did AsiaFIN's (ASFH) cash position change by September 30, 2025?

Cash and cash equivalents were approximately $795,000 on September 30, 2025, down from about $1.31M on December 31, 2024.

What drove AsiaFIN's (ASFH) higher expenses in Q3 2025?

Selling, general and administrative expenses rose 6.0% YoY, primarily from international costs tied to expansion into ASEAN and Saudi Arabia.

What progress did AsiaFIN (ASFH) report on its Saudi Arabia project in Q3 2025?

Management said AsiaFIN received the second payment on the Saudi project and is advancing discussions for future deployments.

Are AsiaFIN's (ASFH) eInvoice and RPA businesses contributing to revenue in Q3 2025?

Yes; management indicated eInvoice projects are mostly completed and invoiced, and the OrangeFIN RPA business is improving.
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