$ASFH

ASIAFIN HOLDINGS CORP.

CIK:0001828748|SEC Filings

Unaudited Condensed Consolidated Statement of Operations and Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
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	$ 0.0053	$ (0.0024)	$ 0.0034	$ (0.0083)
NET INCOME/(LOSS) PER SHARE, DILUTED	$ 0.0053	$ 0.0024	$ 0.0034	$ 0.0083
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC	81,915,838	81,915,838	81,915,838	81,875,838
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, DILUTED	81,915,838	81,915,838	81,915,838	81,875,838

Unaudited Condensed Consolidated Statement of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
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

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
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
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
Current liabilities
Accrued liabilities and other payables	404,209	502,712
Contract liabilities	912,305	734,475
Income tax payable	34,090	71,269
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
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
Related Party
Current assets
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
Current liabilities
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
Director
Current liabilities
Amount due to director	51,878	70,687
Non-current liabilities
Amount due to director – non-current portion		$ 18,491