Business
AsiaFIN Holdings Delivers 53% Revenue Growth, Positive Net Income, for Third Quarter of 2025
KUALA LUMPUR, MY / ACCESS Newswire / 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, ...
About this update from Asiafin Holdings Corp.
[{"type":"text","content":"KUALA LUMPUR, MY / ACCESS Newswire / 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.","length":255,"tagName":"p"},{"type":"text","content":"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."","length":411,"tagName":"p"},{"type":"text","content":"Financial Results for the Quarter Ended September 30, 2025:","length":59,"tagName":"p"},{"type":"text","content":"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.","length":146,"tagName":"p"},{"type":"text","content":"Revenue for the quarter was approximately $1.6 million, an increase of 52.7% from the revenue for the third quarter of 2024.","length":124,"tagName":"p"},{"type":"text","content":"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.","length":280,"tagName":"p"},{"type":"text","content":"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.","length":305,"tagName":"p"},{"type":"text","content":"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.","length":140,"tagName":"p"},{"type":"text","content":"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...