FINANCIAL ECOSYSTEM ENABLER

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

November 13, 2025

Kuala Lumpur, 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.

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.

F1

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