ASIAFIN HOLDINGS CORP. (ASFH)
AsiaFIN Holdings Corp., through its various subsidiaries, offers specialized market research and advisory services. These services primarily focus on system solutions and integration for self-service payment terminals and broader payment processing, catering to payment solution providers across Malaysia. The company's consulting expertise further extends to critical domains such as payment transaction management, regulatory technology (RegTech), robotic process automation (RPA), and unattended payment kiosks. Established in 2019, AsiaFIN Holdings Corp. operates from its headquarters in Kuala Lumpur, Malaysia.
Sector: Services-Business Services, NEC
Industry: Information Technology Services
AsiaFIN Holdings Corp.
OTC:ASFHTechnology · Information Technology Services
Mkt Cap-
Float12.59M
O/S-
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$5.13M
Net Income$200K
Total Assets$4.75M
Free Cash Flow$395K
Debt & Equity
Debt 20%
Equity 80%
Total Debt$628K
Total Equity$2.57M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ASFH's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.75M
Liabilities$2.19M
Accounts Receivable$1.47M
Accounts Payable$155K
Inventory$0
PP&E (Net)$1.3M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-08-31 | 2020-08-31 |
| Revenue | $5.13M | $3.38M | $3.11M | $0 | $38K | $18K |
| YoY Growth | 51.6% | 8.8% | - | - | 111.1% | - |
| Cost of Revenue | $3.22M | $1.96M | $106K | $0 | $27K | $13K |
| Gross Profit | $1.9M | $1.42M | $3M | $0 | $11K | $5K |
| Gross Margin | 37.1% | 42.1% | 96.6% | - | 30.0% | 30.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.87M | $1.46M | $2.9M | $122K | $350K | $90K |
| Other | $0 | $0 | $13K | $0 | $0 | $0 |
| Total Operating Expenses | $1.87M | $1.46M | $2.9M | $122K | $350K | $90K |
| Operating Income (EBIT) | -$479 | -$40K | $102K | -$122K | -$338K | -$84K |
| Operating Margin | -0.0% | -1.2% | 3.3% | - | -890.7% | -468.2% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $40K | -$3K | $13K | $14K | $60 | $10K |
| Income Before Tax (EBT) | $40K | -$43K | $115K | -$108K | -$338K | -$74K |
| Income Tax Expense | -$160K | $119K | $97K | $4K | -$644 | $644 |
| Net Income | $200K | -$144K | $19K | -$112K | -$338K | -$75K |
| Net Income Margin | 3.9% | -4.2% | 0.6% | - | -888.9% | -415.4% |
| Supplementary Data | ||||||
| EPS | 0.00 | -0.00 | 0.00 | -0.00 | -0.01 | -0.00 |
| Diluted EPS | 0.00 | -0.00 | 0.00 | -0.00 | -0.01 | -0.00 |
| Weighted Average OS | 81.90M | 81.55M | 80.36M | 73.32M | 73.32M | 48.38M |
| EBITDA | $160K | $79K | $235K | $122K | -$338K | $84K |
| EBITDA Margin | 3.1% | 2.3% | 7.6% | - | -890.7% | 468.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-08-31 | 2020-08-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $1.75M | $1.31M | $1.23M | $875K | $1.01M | $514K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.75M | $1.31M | $1.23M | $875K | $1.01M | $514K |
| Accounts Receivable | $1.47M | $1.18M | $1.26M | $3K | $7K | $19K |
| Inventory | $0 | $0 | -$253K | $0 | -$6K | $0 |
| Other Current Assets | $0 | $319K | $334K | $3K | $6K | $0 |
| Total Current Assets | $3.45M | $2.92M | $2.57M | $878K | $1.02M | $533K |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $1.3M | $816K | $769K | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $403K | $0 | $0 | $0 |
| Long-Term Investments | $8K | $8K | $8K | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $324 | $43 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $414K | $403K | $0 | $0 | $0 |
| Total Long-Term Assets | $1.31M | $1.24M | $1.18M | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $4.75M | $4.16M | $3.75M | $878K | $1.02M | $533K |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $155K | $39K | $25K | $3K | $4K | $13K |
| Short-Term Debt | $77K | $146K | $275K | $0 | $0 | $0 |
| Current Income Tax Payable | $71K | $60K | $3K | $3K | $0 | $644 |
| Current Unearned Revenue | $0 | $515K | -$275K | $0 | $0 | $0 |
| Other Current Liabilities | $1.31M | $442K | $566K | $21K | $4K | -$247 |
| Total Current Liabilities | $1.61M | $1.46M | $891K | $21K | $12K | $25K |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $551K | $0 | $591K | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | -$12K | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $8K | $5K | $12K | $0 | $0 | $0 |
| Other Long-Term Liabilities | $18K | $0 | $12K | $0 | $0 | $0 |
| Total Long-Term Liabilities | $578K | $556K | $603K | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.19M | $2.02M | $1.49M | $21K | $12K | $25K |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $8K | $8K | $8K | $7K | $7K | $7K |
| Retained Earnings | -$8.12M | -$8.04M | -$7.9M | -$564K | -$413K | -$75K |
| Comprehensive Income & Other | -$58K | -$272K | -$320K | $0 | $0 | $0 |
| Other Stockholders' Equity | $10.68M | $10.2M | $10.15M | $1.41M | $1.41M | $576K |
| Total Equity | $2.57M | $2.16M | $2.26M | $857K | $1.01M | $509K |
| Minority Interest | -$54K | -$19K | -$629 | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.75M | $4.18M | $3.75M | $878K | $1.02M | $533K |
| Supplementary Data | ||||||
| Total Debt | $628K | $761K | $866K | $0 | $0 | $0 |
| Net Debt | -$1.12M | -$548K | -$368K | -$875K | -$1.01M | -$514K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-08-31 | 2020-08-31 |
| Operating Activities | ||||||
| Net Income | $200K | -$144K | $19K | -$112K | -$338K | -$75K |
| Depreciation & Amortization | $130K | $120K | $133K | $122K | $0 | $84K |
| Deferred Income Tax | $3K | -$7K | $4K | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $185K | -$119K | -$413K | -$2K | $12K | -$18K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $113K | $13K | $1K | -$4K | -$8K | $13K |
| Other Working Capital | $147K | $504K | -$68K | $12K | -$4K | $11K |
| Total Working Capital Change | $446K | $399K | -$417K | $6K | -$604 | $6K |
| Other Non-Cash Items | -$275K | -$24K | -$637 | -$122K | $0 | -$84K |
| Net Cash from Operating | $504K | $343K | -$210K | -$106K | -$338K | -$69K |
| Investing Activities | ||||||
| Capital Expenditures | -$109K | -$138K | -$32K | $0 | $0 | $0 |
| Acquisitions | $0 | -$71K | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $12K | $0 | -$32K | $0 | $0 | $0 |
| Net Cash from Investing | -$98K | -$209K | -$32K | $0 | $0 | $0 |
| Financing Activities | ||||||
| Debt Repaid | -$42K | - | - | - | - | - |
| Common Stock Issuance | $328K | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$453K | -$77K | -$63K | $0 | $837K | $583K |
| Net Cash from Financing | -$84K | -$77K | -$75K | $0 | $837K | $583K |
| Forex Effect | $116K | $19K | -$28K | $0 | $0 | $0 |
| Net Change in Cash | $438K | $76K | -$346K | -$106K | $499K | $514K |
| Supplementary Data | ||||||
| Operating Cash Flow | $504K | $343K | -$210K | -$106K | -$338K | -$69K |
| Capital Expenditure | -$109K | -$138K | -$32K | $0 | $0 | $0 |
| Free Cash Flow | $395K | $205K | -$243K | -$106K | -$338K | -$69K |
| Cash at Beginning | $1.31M | $1.23M | $1.58M | $981K | $514K | $0 |
| Cash at End | $1.75M | $1.31M | $1.23M | $875K | $1.01M | $514K |