AsiaFIN (ASFH) swings to Q2 profit as margins climb to 50%
Rhea-AI Filing Summary
AsiaFIN Holdings Corp. (ASFH) reported sharply improved results for the quarter and first half ended June 30, 2026. Second-quarter revenue was US$1,516,382, up 50.5% from US$1,007,296 a year earlier, while first-half revenue rose 71.4% to US$2,791,904 from US$1,628,475. The company returned to profitability, with net income attributable to common shareholders of US$430,779 in the second quarter versus a net loss of US$197,801 in the prior-year quarter, and first-half net income of US$278,207 versus a loss of US$680,230.
Profitability improved meaningfully. Second-quarter gross margin increased to 50.1% from 31.0%, and income from operations turned positive at US$419,676 versus a loss of US$211,136. Basic and diluted EPS were US$0.0053 for the quarter and US$0.0034 for the first half, compared with losses of US$0.0024 and US$0.0083, respectively. AsiaFIN cited higher project milestone and subscription-renewal revenue and lower selling, general and administrative expenses.
As of June 30, 2026, total assets were US$4,951,451 and shareholders’ equity was US$2,799,421. Cash and cash equivalents were US$880,457, down from US$1,748,051 at year-end 2025, after negative operating cash flow of US$(80,301) and a US$722,131 investment in a time deposit. The company highlighted its focus on Fintech, RegTech, ESG consultancy and RPA solutions across Asian and Middle Eastern markets.
Positive
- Revenue up 71.4% in first half 2026, to US$2,791,904 from US$1,628,475, indicating strong top-line expansion.
- Return to profitability: Q2 2026 net income attributable to common shareholders of US$430,779 versus a US$197,801 loss a year earlier.
- Gross margin expanded to 50.1% in Q2 2026 from 31.0%, reflecting improved pricing, mix, or cost control.
- Operating income turned positive at US$419,676 in Q2 2026, compared with an operating loss of US$211,136 in Q2 2025.
Negative
- Cash and cash equivalents declined by US$867,594 in the first half of 2026 to US$880,457, driven by negative operating cash flow and investment in a time deposit.
Filing Explained
The filing adds a US$703,822 short-term-investment balance to the liquidity picture without showing an increase in reported common shares.
As of
The balance sheet reports
8-K Event Classification
Key Figures
Key Terms
gross margin financial
contract assets financial
Regulatory Technology (RegTech) technical
Robotic Process Automation (RPA) technical
forward-looking statements regulatory
Earnings Snapshot
FAQ
How did ASFH’s revenue perform in the second quarter and first half of 2026?
Did ASFH return to profitability in Q2 2026?
What was ASFH’s gross margin in Q2 2026?
What is ASFH’s cash position and cash flow profile as of June 30, 2026?
What is ASFH’s capital structure and equity as of June 30, 2026?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.02 Results of Operations and Financial Condition.
On August 12, 2026, AsiaFIN Holdings Corp. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2026. A copy of the press release is furnished herewith as Exhibit 99.1.
On August 14, 2026, the Company conducted its earnings call to discuss its financial results for the quarter ended June 30, 2026 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 August 12, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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: August 18, 2026 | By: | /s/ Kai Cheong Wong |
| Kai Cheong Wong | ||
| Chief Executive Officer | ||
| President, Director, Secretary and Treasurer | ||
| (Principal Executive Officer) | ||
| Date: August 18, 2026 | By: | /s/ Ghi Geok Khoo |
| Ghi Geok Khoo | ||
| Chief Financial Officer | ||
| (Principal Financial Officer and | ||
| Principal Accounting Officer) | ||
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Exhibit 99.1
AsiaFIN Holdings Corp. Reports 71% Revenue Growth for First Half of 2026
Kuala Lumpur, August 12, 2026 – AsiaFIN Holdings Corp., (OTCQB: ASFH), a leading financial ecosystem enabler, today announced financial results for the second quarter of 2026 ended June 30, 2026.
AsiaFIN delivered substantial improvements in revenue and profitability during the second quarter and first half of 2026, demonstrating stronger operating leverage, improved gross margins, improved subscription renewals and disciplined cost management.
Most notably, the Company returned to profitability, with net income attributable to common shareholders of approximately US$431,000 for the second quarter of 2026, compared with a net loss of approximately US$198,000 in the corresponding quarter of 2025.
For the first six months of 2026, revenue increased 71.4% year-over-year, while the Company continued to strengthen its profitability and financial position.
Financial Results for the Quarter Ended June 30, 2026:
| ● | Cash and cash equivalents (including short-term investment) were approximately $1.58 million as of June 30, 2026, compared to approximately $1.75 million as of December 31, 2025. |
| ● | Revenue for the quarter was approximately $1.52 million, an increase of 50.5% compared to approximately $1.01 million in the second quarter of 2025. The revenue growth continued across Payment Processing (FinTech) and Regulatory Technology (RegTech) segments. |
| ● | Gross profit was approximately $760,000, or 50.1% gross margin, compared to approximately $312,000, or 31.0% gross margin, in the second quarter of 2025. The improvement in gross margin reflects stronger revenue growth and improved operational efficiency during the quarter. |
| ● | Selling, general and administrative (SG&A) expenses were approximately $341,000, a decrease of 34.9% compared to approximately $523,000 in the second quarter of 2025. |
| ● | Net income was approximately $421,000, compared to a net loss of approximately $208,000 for the second quarter of 2025. |
| ● | Net income attributable to common shareholders was approximately $431,000, compared to a net loss of approximately $198,000 for the second quarter of 2025. |
| ● | Total comprehensive income was approximately $400,000, compared to a comprehensive loss of approximately $109,000 for the second quarter of 2025. |
| ● | Basic and diluted earnings per share were $0.0053 compared to a net loss per share of $0.0024 for the second quarter of 2025. |
KC Wong, AsiaFIN’s CEO, said, “AsiaFIN delivered a strong second quarter and first half of 2026, with continued revenue growth and a significant improvement in profitability. Revenue increased 50.5% in the second quarter and 71.4% for the first six months of 2026, reflecting our revenue recognition initiatives.”
“We are particularly encouraged by the significant improvement in gross profit and gross margin during the period. Gross margin increased to 50.1% in the second quarter, compared with 31.0% in the corresponding quarter last year, while the Company moved from an operating loss to operating income and from a net loss to net income, attributable to our strict control on operating expenses,” continued Mr. Wong.
“The improvement in revenue was primarily attributable to the achievement of our team’s project milestone tracking and subscription renewal during the quarter and first half of the year, resulting in higher revenue recognition compared with the corresponding periods in 2025. At the same time, the reduction in selling, general and administrative expenses contributed to the improvement in our overall operating performance.”
“Building on the progress achieved during the first half of 2026, we remain focused on executing our existing projects, strengthening our Fintech, RegTech and RPA businesses, and continuing to develop our technology solutions and customer base across the Asia and Middle East regions,” KC Wong concluded.
Dato’ Dr. Sean Seah, Executive Director of AsiaFIN, said, “The first half of 2026 represents an important milestone for AsiaFIN and for our shareholders. We are translating revenue growth into real profitability.”
“Importantly, AsiaFIN owns the intellectual property (IP) for all of its internally developed R&D products and technology solutions. This provides AsiaFIN with greater control over its technology assets and creates opportunities to scale our solutions across multiple markets without relying on third-party ownership of our core IP.”
“We will continue to focus on converting our technology capabilities and existing customer relationships into higher-value and recurring revenue opportunities.”
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ASIAFIN HOLDINGS CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF JUNE 30, 2026 (UNAUDITED) AND DECEMBER 31, 2025 (AUDITED)
(Currency expressed in United States Dollars (“US$”), except for number of shares or otherwise stated)
| As of June 30, 2026 | As of December 31, 2025 | |||||||
| Unaudited | Audited | |||||||
| ASSETS | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 880,457 | $ | 1,748,051 | ||||
| Short-term investment | 703,822 | - | ||||||
| Account receivables, net (including $158,120 and $78,885 of account receivable from related parties as of June 30, 2026 and December 31, 2025, respectively) | 1,380,334 | 1,105,953 | ||||||
| Prepayment, deposits and other receivables | 249,330 | 260,380 | ||||||
| Contract assets | 282,584 | 159,867 | ||||||
| Amount due from related parties (including $49,927 and $42,672 of amount due from associate as of June 30, 2026 and December 31, 2025, respectively) | 81,973 | 74,924 | ||||||
| Tax assets | 116,528 | 99,094 | ||||||
| Total current assets | $ | 3,695,028 | $ | 3,448,269 | ||||
| Non-current Assets | ||||||||
| Right-of-use assets, net | $ | 552,385 | $ | 583,610 | ||||
| Property, plant and equipment, net | 695,930 | 714,685 | ||||||
| Investment in associates | 8,108 | 8,250 | ||||||
| Total non-current assets | $ | 1,256,423 | $ | 1,306,545 | ||||
| TOTAL ASSETS | $ | 4,951,451 | $ | 4,754,814 | ||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
| Current liabilities | ||||||||
| Accrued liabilities and other payables | $ | 404,209 | $ | 502,712 | ||||
| Account payables (including $64,169 and $64,580 of account payable to related party as of June 30, 2026 and December 31, 2025, respectively) | 152,992 | 155,051 | ||||||
| Contract liabilities | 912,305 | 734,475 | ||||||
| Income tax payable | 34,090 | 71,269 | ||||||
| Amount due to director | 51,878 | 70,687 | ||||||
| Finance lease liability – current portion | 16,217 | 15,972 | ||||||
| Operating lease liability – current portion | 70,131 | 60,689 | ||||||
| Total current liabilities | $ | 1,641,822 | $ | 1,610,855 | ||||
| Non-current liabilities | ||||||||
| Amount due to director – non-current portion | $ | - | $ | 18,491 | ||||
| Finance lease liability – non-current portion | 19,794 | 28,169 | ||||||
| Operating lease liability – non-current portion | 482,254 | 522,921 | ||||||
| Deferred tax liabilities | 8,160 | 8,212 | ||||||
| Total non-current liabilities | $ | 510,208 | $ | 577,793 | ||||
| TOTAL LIABILITIES | $ | 2,152,030 | $ | 2,188,648 | ||||
| SHAREHOLDERS’ 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 81,915,838 shares issued and outstanding as of June 30, 2026 and December 31, 2025 | 8,192 | 8,192 | ||||||
| Additional paid-in capital | 10,795,250 | 10,795,250 | ||||||
| Accumulated other comprehensive loss | (81,007 | ) | (58,383 | ) | ||||
| Accumulated deficit | (7,846,726 | ) | (8,124,933 | ) | ||||
| Non-controlling interest | (76,288 | ) | (53,960 | ) | ||||
| TOTAL SHAREHOLDERS’ EQUITY | $ | 2,799,421 | $ | 2,566,166 | ||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 4,951,451 | $ | 4,754,814 | ||||
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ASIAFIN HOLDINGS CORP.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025
(Currency expressed in United States Dollars (“US$”), except for number of shares or otherwise stated)
| Three months ended June 30, | Six months ended June 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| REVENUE | $ | 1,516,382 | $ | 1,007,296 | $ | 2,791,904 | $ | 1,628,475 | ||||||||
| COST OF REVENUE (including $0 and $4,169 of cost of service revenue to related party for the three months ended June 30, 2026 and 2025, respectively; including $0 and $50,198 of cost of service revenue to related party for the six months ended June 30, 2026 and 2025, respectively) | (756,170 | ) | (695,376 | ) | (1,690,926 | ) | (1,323,468 | ) | ||||||||
| GROSS PROFIT | $ | 760,212 | $ | 311,920 | $ | 1,100,978 | $ | 305,007 | ||||||||
| SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (including $26,574 and $27,279 of selling, general and administrative expenses to related party for the three months ended June 30, 2026 and 2025, respectively; including $54,312 and $52,401 of selling, general and administrative expenses to related party for the six months ended June 30, 2026 and 2025, respectively) | (340,536 | ) | (523,056 | ) | (850,158 | ) | (1,008,886 | ) | ||||||||
| INCOME/(LOSS) FROM OPERATIONS | $ | 419,676 | $ | (211,136 | ) | $ | 250,820 | $ | (703,879 | ) | ||||||
| OTHER INCOME (including $187 and $0 of interest income from related party for the three months ended June 30, 2026 and 2025, respectively; including $373 and $0 of interest income from related party for the six months ended June 30, 2026 and 2025, respectively) | 2,049 | 3,531 | 6,609 | 7,354 | ||||||||||||
| FINANCE COST (including $257 and $500 of interest income from related party for the three months ended June 30, 2026 and 2025, respectively; including $584 and $1,041 of interest income from related party for the six months ended June 30, 2026 and 2025, respectively) | (670 | ) | (500 | ) | (1,458 | ) | (1,041 | ) | ||||||||
| SHARE OF LOSS FROM OPERATION OF ASSOCIATE | (18 | ) | (115 | ) | (92 | ) | (117 | ) | ||||||||
| INCOME/(LOSS) BEFORE INCOME TAX | $ | 421,037 | $ | (208,220 | ) | $ | 255,879 | $ | (697,683 | ) | ||||||
| INCOME TAX PROVISION | - | - | - | - | ||||||||||||
| NET INCOME/(LOSS) | $ | 421,037 | $ | (208,220 | ) | $ | 255,879 | $ | (697,683 | ) | ||||||
| Net loss attributable to non-controlling interest | 9,742 | 10,419 | 22,328 | 17,453 | ||||||||||||
| NET INCOME/(LOSS) ATTRIBUTED TO COMMON SHAREHOLDERS OF ASIAFIN HOLDINGS CORP. | $ | 430,779 | $ | (197,801 | ) | $ | 278,207 | $ | (680,230 | ) | ||||||
| Other comprehensive income: | ||||||||||||||||
| - Foreign currency translation (loss)/income | (30,869 | ) | 88,346 | (22,624 | ) | 102,392 | ||||||||||
| TOTAL COMPREHENSIVE INCOME/(LOSS) | $ | 399,910 | $ | (109,455 | ) | $ | 255,583 | $ | (577,838 | ) | ||||||
| NET INCOME/(LOSS) PER SHARE, BASIC AND DILUTED | $ | 0.0053 | $ | (0.0024 | ) | $ | 0.0034 | $ | (0.0083 | ) | ||||||
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED | 81,915,838 | 81,915,838 | 81,915,838 | 81,875,838 | ||||||||||||
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ASIAFIN HOLDINGS CORP.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2026 AND 2025
(Currency expressed in United States Dollars (“US$”), except for number of shares or otherwise stated)
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
| Net income/(loss) | $ | 255,879 | $ | (697,683 | ) | |||
| Adjustments to reconcile net profit to net cash used in operating activities: | ||||||||
| Depreciation and amortization | 73,667 | 63,070 | ||||||
| Share of loss from operation of associate | 92 | 117 | ||||||
| Disposal of asset | - | (11,429 | ) | |||||
| Provision for credit loss allowance | 81,996 | 194,500 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Account payables | (1,099 | ) | 75,637 | |||||
| Account receivables | (373,117 | ) | 219,414 | |||||
| Prepayment, deposits and other receivables | 18,721 | 15,053 | ||||||
| Contract assets | (126,953 | ) | - | |||||
| Accrued liabilities and other payables | (106,258 | ) | (109,427 | ) | ||||
| Contract liabilities | 187,256 | 103,668 | ||||||
| Tax assets | (18,536 | ) | (22,859 | ) | ||||
| Income tax payable | (37,703 | ) | (58,373 | ) | ||||
| Change in lease liability | (34,246 | ) | (28,393 | ) | ||||
| Net cash used in operating activities | $ | (80,301 | ) | $ | (256,705 | ) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Purchase of property, plant and equipment | (24,849 | ) | (36,270 | ) | ||||
| Investment in time deposit | (722,131 | ) | - | |||||
| Disposal of property, plant and equipment | - | 11,429 | ||||||
| Net cash used in investing activities | $ | (746,980 | ) | $ | (24,841 | ) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
| Proceeds from issuance of common shares | - | 9,000 | ||||||
| Advance to director | (37,703 | ) | (32,001 | ) | ||||
| Repayment of finance lease liabilities | (8,053 | ) | - | |||||
| Advances to related companies | (7,520 | ) | (11,733 | ) | ||||
| Net cash used in financing activities | $ | (53,276 | ) | $ | (34,734 | ) | ||
| Effect of exchange rate changes on cash and cash equivalents | $ | 12,963 | $ | 37,772 | ||||
| Net decrease in cash and cash equivalents | $ | (867,594 | ) | $ | (278,508 | ) | ||
| Cash and cash equivalents, beginning of period | 1,748,051 | 1,309,929 | ||||||
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 880,457 | $ | 1,031,421 | ||||
| SUPPLEMENTAL CASH FLOWS INFORMATION | ||||||||
| Cash paid for income taxes | $ | 56,239 | $ | 24,055 | ||||
| Cash paid for interest paid | $ | 584 | $ | 1,041 | ||||
| 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 | $ | 72,157 | $ | 77,875 | ||||
| Initial recognition of the balance payment of finance lease right-of-use asset by finance lease liabilities | $ | - | $ | - | ||||
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About AsiaFIN Holdings Corp.
AsiaFIN Holdings Corp. (OTCQB: ASFH), a Nevada corporation, operates through its wholly owned subsidiaries in Malaysia, Hong Kong, and the 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 more than 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 corporations. 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 Private 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]
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Investors
AsiaFIN
Holdings Corp. (OTCQB:ASFH)
KC Wong, Chief Executive Officer
investor.relations@asiafingroup.com
Media
AsiaFIN
Holdings Corp. (OTCQB:ASFH)
KC Wong, Chief Executive Officer
media@asiafingroup.com
SOURCE: ASIAFIN HOLDINGS CORP.
- END -
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