CORRECTION by SOURCE: CORRECTION NOTICE of Press Release Announcing AsiaFIN Holdings First Quarter 2025 Financial Results
AsiaFIN Holdings Corp. (OTCQB:ASFH) has issued a correction to its previously released Q1 2025 financial results announcement from May 13, 2025. The correction specifically addresses an error in the reported EBITDA figures. The company clarified that its Q1 2025 EBITDA loss was approximately $465,000, representing a 74% larger loss compared to the $267,000 loss reported in Q1 2024. This correction amends the previously stated incorrect figure of a 274% decrease.
AsiaFIN Holdings Corp. (OTCQB:ASFH) ha pubblicato una rettifica ai risultati finanziari del primo trimestre 2025 annunciati il 13 maggio 2025. La correzione riguarda un errore nei dati dell'EBITDA riportati. La società ha chiarito che la perdita EBITDA del primo trimestre 2025 è stata di circa 465.000 dollari, pari a una perdita superiore del 74% rispetto ai 267.000 dollari di perdita registrati nel primo trimestre 2024. Questa rettifica corregge la precedente indicazione errata di una diminuzione del 274%.
AsiaFIN Holdings Corp. (OTCQB:ASFH) ha emitido una corrección a su anuncio de resultados financieros del primer trimestre de 2025 publicado el 13 de mayo de 2025. La corrección se refiere específicamente a un error en las cifras de EBITDA reportadas. La compañía aclaró que su pérdida de EBITDA en el primer trimestre de 2025 fue aproximadamente de 465,000 dólares, lo que representa una pérdida un 74% mayor en comparación con la pérdida de 267,000 dólares reportada en el primer trimestre de 2024. Esta corrección modifica la cifra incorrecta previamente indicada de una disminución del 274%.
AsiaFIN Holdings Corp. (OTCQB:ASFH)는 2025년 5월 13일에 발표한 2025년 1분기 재무 결과 공지에 대한 정정을 발표했습니다. 이번 정정은 보고된 EBITDA 수치의 오류를 바로잡는 내용입니다. 회사는 2025년 1분기 EBITDA 손실이 약 465,000달러였으며, 이는 2024년 1분기에 보고된 267,000달러 손실보다 74% 더 큰 손실임을 명확히 했습니다. 이 정정은 이전에 잘못 기재된 274% 감소 수치를 수정한 것입니다.
AsiaFIN Holdings Corp. (OTCQB:ASFH) a publié une correction concernant l'annonce de ses résultats financiers du premier trimestre 2025, initialement diffusée le 13 mai 2025. Cette correction porte spécifiquement sur une erreur dans les chiffres d'EBITDA rapportés. La société a précisé que sa perte d'EBITDA pour le premier trimestre 2025 s'élevait à environ 465 000 dollars, représentant une perte 74 % plus importante par rapport à la perte de 267 000 dollars enregistrée au premier trimestre 2024. Cette correction rectifie le chiffre incorrect précédemment indiqué d'une diminution de 274 %.
AsiaFIN Holdings Corp. (OTCQB:ASFH) hat eine Korrektur zu seiner zuvor veröffentlichten Bekanntgabe der Finanzergebnisse für das erste Quartal 2025 vom 13. Mai 2025 herausgegeben. Die Korrektur betrifft einen Fehler in den gemeldeten EBITDA-Zahlen. Das Unternehmen stellte klar, dass der EBITDA-Verlust im ersten Quartal 2025 etwa 465.000 US-Dollar betrug, was einen um 74 % höheren Verlust im Vergleich zum Verlust von 267.000 US-Dollar im ersten Quartal 2024 darstellt. Diese Korrektur berichtigt die zuvor falsch angegebene Zahl einer 274%igen Abnahme.
- None.
- EBITDA loss widened by 74% year-over-year to $465,000 in Q1 2025
- Continued negative EBITDA indicates operational challenges
The following is a correction to a release that was issued May 13, 2025
KUALA LUMPUR, MY / ACCESS Newswire / May 23, 2025 / AsiaFIN Holdings Corp., (OTCQB:ASFH), a leading fintech financial ecosystem enabler, today announced a correction to its press release dated May 13, 2025 announcing its first quarter 2025 financial results.
In the release, the last bullet point read:
EBITDA was approximately negative
$465,000 , a decrease of274% compared to approximately$267,000 in the first quarter last year.
This is corrected to read as follows:
EBITDA was a loss of approximately
$465,000 compared to a loss of approximately$267,000 in the first quarter last year, an increase of74% .
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 now in 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.
Investors & Media Contact:
Tom Baumann
FNK IR
646.349.6641
asfh@fnkir.com
SOURCE: AsiaFIN Holdings
View the original press release on ACCESS Newswire
FAQ
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