Business
AsiaFIN Holdings Corp. Announces First Quarter 2026 Financial Results
AsiaFIN Holdings Corp. Announces First Quarter 2026 Financial Results.
About this update from Asiafin Holdings Corp.
[{"type":"text","content":"\r\n\r\n \r\n \r\n AsiaFIN Holdings Corp. Announces First Quarter 2026 Financial Results\r\n \r\n \r\n\r\n\r\nAsiaFIN Holdings Corp. Announces First Quarter 2026 Financial Results\r\n\r\n\r\n\r\n\r\n\r\nKUALA LUMPUR, MY / ACCESS Newswire / May 13, 2026 / AsiaFIN Holdings Corp., (OTCQB:ASFH), a leading fintech financial ecosystem enabler, today announced financial results for the first quarter of 2026 ended March 31, 2026. \r\n \r\n \r\n Financial Results for the Quarter Ended March 31, 2026:\r\n \r\n Cash and cash equivalents were approximately $1.69 million as of March 31, 2026 as compared to approximately $1.75 million as of December 31, 2025.\r\n Revenue for the quarter was approximately $1.28 million, an increase of 105.3% compared to approximately $621,000 in the first quarter of 2025.\r\n Gross profit was approximately $341,000, or 26.7% gross margin, compared to a gross loss of approximately $6,900, or negative 1.1% gross margin, in the first quarter of 2025. The improvement in gross margin reflects stronger revenue growth and improved operational efficiency during the quarter.\r\n Selling, general and administrative expenses were approximately $510,000, an increase of 4.9% compared to approximately $486,000 in the first quarter of 2025.\r\n Net loss was approximately $165,000, a decrease of 66.3% compared to a net loss of approximately $489,000 for the first quarter of 2025.\r\n Net loss attributable to common shareholders was approximately $153,000, a decrease of 68.4% compared to a net loss of approximately $482,000 for the first quarter of 2025.\r\n Total comprehensive loss was approximately $144,000, a decrease of 69.2% compared to a comprehensive loss of approximately $468,000 for the first quarter of 2025. Net loss per share, basic and diluted, was $0.00 compared to $0.01 for the first quarter of 2025.\r\n \r\n KC Wong, AsiaFIN's CEO, said, \"In line with our strong revenue growth momentum entering 2026, AsiaFIN delivered another quarter of financial improvement in the first quarter of 2026, with revenue increasing more than 100% year-over-year to approximately $1.28 million.\"\r\n \"We also achieved a significant improvement in gross margin during the quarter, moving from a negative gross margin in the first quarter of 2025 to a positive gross margin of 26.7% in the current quarter,\" continued Mr. Wong. \"At the ...