AsiaFIN (OTCQB: ASFH) 2025 revenue surges over 50% with better cash flow
Rhea-AI Filing Summary
AsiaFIN Holdings Corp. reported strong top-line expansion for the year ended December 31, 2025, with revenue rising to $5,126,250 from $3,382,432, more than 50% growth. Gross profit increased to $1,903,867 from $1,423,800 as the company’s Fintech segment delivered 52% revenue growth and its RegTech unit improved gross margins by 13.46%.
Despite higher selling, general and administrative expenses of $1,874,309, the net loss narrowed to $120,273 from $161,968, and total comprehensive income turned positive at $128,154 versus a prior-year comprehensive loss of $95,006. Operating cash flow strengthened sharply to $503,858 from $24,401, and cash and cash equivalents rose to $1,748,051 from $1,309,929, reflecting better collections and working capital management.
Positive
- Revenue growth and segment performance: Total revenue increased to $5,126,250 from $3,382,432, with Fintech revenue up 52% and RegTech gross margins improving by 13.46%, indicating strong demand across core solution areas.
- Profitability and cash flow improvement: Net loss narrowed to $120,273 from $161,968, total comprehensive income turned positive at $128,154, and operating cash flow rose to $503,858 from $24,401, strengthening AsiaFIN’s financial profile.
Negative
- Continuing net losses and higher expenses: Despite growth, AsiaFIN still recorded a net loss of $120,273 and saw selling, general and administrative expenses rise to $1,874,309, highlighting ongoing cost pressure as the company scales.
Insights
AsiaFIN delivers >50% revenue growth and better cash flow while still operating at a modest net loss.
AsiaFIN showed meaningful scale-up in 2025, with revenue rising to $5,126,250 from $3,382,432. Management highlighted 52% growth in the Fintech business and stronger RegTech margins, pointing to traction across core solution areas in Asia and the Middle East.
Cost discipline lagged revenue growth, as selling, general and administrative expenses increased to $1,874,309. Even so, the net loss narrowed to $120,273, and total comprehensive income flipped to a positive $128,154, helped by foreign currency translation income.
From a cash perspective, operations generated $503,858, a sharp improvement over $24,401 the prior year, and year-end cash reached $1,748,051. This combination of higher revenue, improving profitability metrics and stronger operating cash flow is a clearly constructive development for the business.
8-K Event Classification
Key Figures
Key Terms
Regulatory Technology (RegTech) financial
Robotic Process Automation (RPA) technical
comprehensive income financial
operating lease liability financial
forward-looking statements regulatory
Earnings Snapshot
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 2.02 Results of Operations and Financial Condition.
On April 1, 2026, AsiaFIN Holdings Corp. (the “Company”) issued a press release announcing its financial results for the year ended December 31, 2025. A copy of the press release is furnished herewith as Exhibit 99.1.
On April 2, 2026, the Company conducted its earnings call to discuss its financial results for the year ended December 31, 2025 in more detail. The Company’s conference call and transcript are available on the Company website and can be accessed at https://asiafingroup.com/investor-relations/presentations-and-events/.
The information in this Item 2.02 (including Exhibit 99.1 attached hereto) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release dated April 1, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| ASIAFIN HOLDINGS CORP. | ||
| Date: April 3, 2026 | By: | /s/ Kai Cheong Wong |
| Kai Cheong Wong | ||
| Chief Executive Officer | ||
| President, Director, Secretary and Treasurer | ||
| (Principal Executive Officer) | ||
| Date: April 3, 2026 | By: | /s/ Ghi Geok Khoo |
| Ghi Geok Khoo | ||
| Chief Financial Officer | ||
| (Principal Financial Officer and | ||
| Principal Accounting Officer) | ||
Exhibit 99.1
AsiaFIN Holdings Corp. Delivers Over 50% Revenue Growth in Financial Year 2025
Kuala Lumpur, April 1, 2026 – AsiaFIN Holdings Corp., (OTCQB: ASFH), a leading fintech financial ecosystem enabler, today announced its financial results for the full year ended December 31, 2025.
Financial Results for the Year Ended December 31, 2025:
| ● | Net cash flow from operations was approximately $504,000 for the year ended December 31, 2025, compared to approximately $24,000 for the year ended December 31, 2024. |
| ● | Cash and cash equivalents were approximately $1.748 million as of December 31, 2025, compared to approximately $1.31 million as of December 31, 2024. |
| ● | Revenue for the years ended December 31, 2025 and 2024 was approximately $5.126 million and $3.382 million, respectively. This represents a growth of 51.5% in year 2025 compared to year 2024. |
| ● | Gross profit for the year ended December 31, 2025 was approximately $1.904 million, representing 37.14% of revenue, and for year ended December 31, 2024 was $1.424 million representing 42.09% of revenue. |
| ● | Selling, general and administrative expenses for the years ended December 31, 2025 and 2024 were approximately $1.874 million and $1.464 million, respectively. |
| ● | Net loss was approximately $120,000 for the year ended December 31, 2025 as compared to net loss of approximately $162,000 for the year ended December 31, 2024. |
| ● | Total Comprehensive Income for the year ended December 31, 2025 was approximately $128,000, compared to total comprehensive loss of approximately $95,000 for the year ended December 31, 2024. |
Kai Cheong Wong, CEO of AsiaFIN, said: “2025 is a pivotal year for AsiaFIN as we have entered the Middle East market and also achieved strong growth in our domestic Malaysia market.
“We have gone live for our Saudi Arabia project, giving us a strong reference for our future growth in this new market. Our e-Invoice business has also come to fruition, with us serving more than 100 large customers (including financial institutions). We are poised to further grow in this RegTech market.
“Our Robotic Process Automation (RPA) has also turned around after a few years of investing in this Artificial Intelligence (AI) business. Our RPA has now embraced the latest AI platform instead of building our own neural networks. This new approach has gained traction in our Malaysia market as well as in the Philippines, Thailand, Indonesia and Pakistan.
“We have strengthened our independent corporate governance by appointing the third Independent Non-Executive Director. We have also formed two new independent committees, namely the Compensation Committee and the Nominating and Corporate Governance Committee, on top of the existing Audit Committee. We have three experienced and mature independent committee members across these three Committees.
“Our revenue growth of over 50% year on year is the result of the team’s hard work and untiring effort in both sales and collection. This double-digit organic growth for 2025 shows we are set for future growth in our existing and new markets.
“Our Fintech business has recorded revenue growth of 52% from 2024, showing that the cheque clearing business can still deliver growth in our new markets.
“Our core revenue-generating unit, RegTech, continues to grow well, with gross margins improving by 13.46%.
“As we enter 2026, we are seeing traction in our Fintech and RegTech businesses whilst we are gaining new customers in our RPA business.”
ASIAFIN HOLDINGS CORP.
CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31, 2025 AND 2024 (Audited)
(Currency expressed in United States Dollars (“US$”), except for number of shares or otherwise stated)
As of December 31, | As of December 31, | |||||||
| Audited | Audited | |||||||
| ASSETS | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 1,748,051 | $ | 1,309,929 | ||||
| Account receivables, net | 1,105,953 | 1,184,130 | ||||||
| Prepayment, deposits and other receivables | 260,380 | 131,869 | ||||||
| Contract assets | 159,867 | 14,364 | ||||||
| Amount due from related parties (including $42,672 of amount due from associate as of December 31, 2025) | 74,924 | 3,809 | ||||||
| Tax assets | 99,094 | 280,354 | ||||||
| Total current assets | $ | 3,448,269 | $ | 2,924,455 | ||||
| Non-current Assets | ||||||||
| Right-of-use assets, net | $ | 583,610 | $ | 615,444 | ||||
| Property, plant and equipment, net | 714,685 | 614,673 | ||||||
| Deferred tax assets | - | 324 | ||||||
| Investment in associates | 8,250 | 7,944 | ||||||
| Total non-current assets | $ | 1,306,545 | $ | 1,238,385 | ||||
| TOTAL ASSETS | $ | 4,754,814 | $ | 4,162,840 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current liabilities | ||||||||
| Accrued liabilities and other payables | $ | 502,712 | $ | 317,753 | ||||
| Account payables (including $22,026 and $19,984 of account payable to related party as of December 31, 2025 and 2024, respectively) | 155,051 | 39,296 | ||||||
| Contract liabilities | 734,475 | 514,903 | ||||||
| Income tax payable | 71,269 | 60,483 | ||||||
| Amount due to director | 70,687 | 146,018 | ||||||
| Finance lease liability – current portion | 15,972 | - | ||||||
| Operating lease liability – current portion | 60,689 | 64,787 | ||||||
| Total current liabilities | $ | 1,610,855 | $ | 1,143,240 | ||||
| Non-current liabilities | ||||||||
| Amount due to director – non-current portion | 18,491 | - | ||||||
| Finance lease liability – non-current portion | 28,169 | - | ||||||
| Operating lease liability – non-current portion | 522,921 | 550,657 | ||||||
| Deferred tax liabilities | 8,212 | 4,991 | ||||||
| Total non-current liabilities | $ | 577,793 | $ | 555,648 | ||||
| TOTAL LIABILITIES | $ | 2,188,648 | $ | 1,698,888 | ||||
| STOCKHOLDERS’ EQUITY | ||||||||
| 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 December 31, 2025 and December 31, 2024 | 8,192 | 8,155 | ||||||
| Additional paid-in capital | 10,795,250 | 10,467,687 | ||||||
| Share subscriptions received in advance | - | 318,600 | ||||||
| Accumulated other comprehensive loss | (58,383 | ) | (271,870 | ) | ||||
| Accumulated deficit | (8,124,933 | ) | (8,039,600 | ) | ||||
| Non-controlling interest | (53,960 | ) | (19,020 | ) | ||||
| TOTAL STOCKHOLDERS’ EQUITY | $ | 2,566,166 | $ | 2,463,952 | ||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 4,754,814 | $ | 4,162,840 | ||||
ASIAFIN HOLDINGS CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
(In United States Dollars (“US$” or “$”), except for number of shares or as otherwise stated)
For the year December 31, | For the year December 31, | |||||||
| Audited | Audited | |||||||
| REVENUE | $ | 5,126,250 | $ | 3,382,432 | ||||
| COST OF REVENUE (including $44,376 and $77,294 of cost of service revenue to related party for the years ended December 31, 2025 and 2024, respectively) | (3,222,383 | ) | (1,958,632 | ) | ||||
| GROSS PROFIT | $ | 1,903,867 | $ | 1,423,800 | ||||
| SHARE OF LOSS FROM OPERATION OF ASSOCIATE | (479 | ) | (9,843 | ) | ||||
| OTHER INCOME | $ | 10,588 | $ | 7,281 | ||||
| SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (including $95,995 and $94,981 of selling, general and administrative expenses to related party for the years ended December 31, 2025 and 2024, respectively) | $ | (1,874,309 | ) | $ | (1,464,215 | ) | ||
| INCOME/(LOSS) BEFORE INCOME TAX | $ | 39,667 | $ | (42,977 | ) | |||
| INCOME TAX EXPENSES | (159,940 | ) | (118,991 | ) | ||||
| NET LOSS | $ | (120,273 | ) | $ | (161,968 | ) | ||
| Net loss attributable to non-controlling interest | 34,940 | 18,391 | ||||||
| NET LOSS ATTRIBUTED TO COMMON SHAREHOLDERS OF ASIAFIN HOLDINGS CORP. | (85,333 | ) | (143,577 | ) | ||||
| Other comprehensive income: | ||||||||
| - Foreign currency translation income | 213,487 | 48,571 | ||||||
| TOTAL COMPREHENSIVE INCOME/(LOSS) | $ | 128,154 | $ | (95,006 | ) | |||
| NET LOSS PER SHARE, BASIC AND DILUTED | $ | (0.00 | ) | $ | (0.00 | ) | ||
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED | 81,895,947 | 81,551,838 | ||||||
ASIAFIN HOLDINGS CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
(In United States Dollars (“US$” or “$”), except for number of shares or as otherwise stated)
For the Year Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| (Audited) | (Audited) | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
| Net loss | $ | (120,273 | ) | $ | (161,968 | ) | ||
| Impairment of investment in associate | - | 61,364 | ||||||
| Share of loss from operation of associate | 479 | 9,843 | ||||||
| Adjustments to reconcile net loss to net cash generated from operating activities | ||||||||
| Depreciation and amortization | 130,373 | 119,608 | ||||||
| Gain on disposal of property, plant and equipment | (18,919 | ) | - | |||||
| Provision for credit loss allowance | 66,303 | (84,503 | ) | |||||
| Changes in operating assets and liabilities: | ||||||||
| Account payables | 113,104 | 13,463 | ||||||
| Account receivables | 123,019 | (65,454 | ) | |||||
| Prepayment, deposits and other receivables | (107,666 | ) | (22,443 | ) | ||||
| Contract assets | (136,460 | ) | - | |||||
| Accrued liabilities and other payables | 147,428 | (105,213 | ) | |||||
| Contract liabilities | 156,376 | 325,214 | ||||||
| Tax assets | 198,863 | (53,733 | ) | |||||
| Deferred tax assets/liabilities | 2,906 | (7,470 | ) | |||||
| Income tax payable | 4,690 | 55,996 | ||||||
| Change in lease liability | (56,365 | ) | (60,303 | ) | ||||
| Net cash provided by operating activities | $ | 503,858 | $ | 24,401 | ||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Purchase of property, plant and equipment | (109,262 | ) | (138,343 | ) | ||||
| Proceed on disposal of property, plant and equipment | 11,679 | - | ||||||
| Investment in associate | - | (70,790 | ) | |||||
| Net cash used in investing activities | $ | (97,583 | ) | $ | (209,133 | ) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
| Proceeds from issuance of common shares | 327,600 | - | ||||||
| Share subscriptions received in advance | (318,600 | ) | 318,600 | |||||
| Repayment to director | (67,762 | ) | (67,872 | ) | ||||
| Advances from finance lease liabilities | 41,819 | (4,789 | ) | |||||
| Advances to related companies | (66,818 | ) | (4,740 | ) | ||||
| Net cash (used in)/provided by financing activities | $ | (83,761 | ) | $ | 241,199 | |||
| Effect of exchange rate changes in cash and cash equivalents | 115,608 | 19,274 | ||||||
| Net changes in cash and cash equivalents | 438,122 | 75,741 | ||||||
| Cash and cash equivalents, beginning of year | 1,309,929 | 1,234,188 | ||||||
| CASH AND CASH EQUIVALENTS, END OF YEAR | $ | 1,748,051 | $ | 1,309,929 | ||||
| SUPPLEMENTAL CASH FLOWS INFORMATION | ||||||||
| Cash paid for income taxes | $ | 271,991 | $ | 105,339 | ||||
| Cash paid for interest paid | $ | 1,881 | $ | 2,790 | ||||
| SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||||
| Initial recognition of operating lease right-of-use assets and operating lease obligations upon adoption of ASC Topic 842 | $ | 640,405 | $ | - | ||||
| Initial recognition of the balance payment of finance lease right-of-use asset by finance lease liabilities | $ | 47,551 | $ | - | ||||
About AsiaFIN Holdings Corp.
AsiaFIN Holdings Corp. (OTCQB: ASFH), a Nevada corporation, operates through its wholly owned subsidiaries in Malaysia, Hong Kong and British Virgin Islands. 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.
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Investors Contact
AsiaFIN Holdings Corp. (OTCQB: ASFH)
Kai Cheong (KC)Wong, Chief Executive Officer
investor.relations@asiafingroup.com
Media Contact
AsiaFIN Holdings Corp. (OTCQB: ASFH)
Kai Cheong (KC) Wong, Chief Executive Officer
media@asiafingroup.com
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