ASFH
ASFHCIK 0001828748
Micro
Revenue $5M
Assets $5M
as of Aug 31, 2026
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8-K
Filed Aug 18, 2026
· Period ending Aug 12, 2026
Summary not yet generated.
10-Q
Filed Aug 11, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
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8-K
Filed May 19, 2026
· Period ending May 13, 2026
Summary not yet generated.
10-Q
Filed May 13, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
S-1/A
Filed Apr 28, 2026
Red flag
ASFH files S-1/A to raise $15M gross in IPO at $4.00/share, with net proceeds of $13.2M for expansion
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8-K
Filed Apr 3, 2026
· Period ending Apr 1, 2026
Summary not yet generated.
Latest financial statements
From 10-Q filed Aug 11, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 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 |
Condensed Consolidated Balance Sheets (Unaudited)
| Description | As of June 30, 2026 Unaudited | As of December 31, 2025 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 |
Condensed Consolidated Statement of Cash Flows (Unaudited)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| 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 | - | - |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗