Q1 2026 AsiaFIN Holdings Corp Earnings Call Transcript
Key Points
- Asiafin Holdings Corp (ASFH) achieved a revenue increase of over 100% year-on-year for Q1 2026, driven by their software as a service model for the e-invoicing business.
- The company reported a significant improvement in gross margin, moving from a negative margin in Q1 2025 to a positive 26.7% in Q1 2026.
- Net losses were substantially reduced by 66.3% compared to the same period last year, indicating improved financial health.
- Asiafin Holdings Corp (ASFH) is expanding its business operations outside of Malaysia, particularly in ASEAN and the Middle East, which could lead to further growth opportunities.
- The company has maintained strong recurring maintenance revenue contributions, including from its Saudi Arabia business.
- Cash and cash equivalents slightly decreased from $1.75 million at the end of 2025 to $1.69 million by March 31, 2026.
- Selling, General and Administrative expenses increased by 4.9% compared to the first quarter of 2025, indicating rising operational costs.
- The main operating cost continues to be manpower, which has increased in line with the rising cost of living.
- Despite the reduction, the company still reported a net loss of approximately $165,000 for Q1 2026.
- Total comprehensive loss was approximately $144,000, although reduced, it still reflects ongoing financial challenges.
Hi everyone, good morning and good afternoon to everyone here today.
My name is Teresa from the AsiaFIN marketing team and I'd like to welcome you to the AsiaFIN Q1 2026 earnings webinar. Hosting the call today are our AsiaFin's founder and group CEO Kai C Wong; and our CFO Chanti Kara Khoo
t the end of the session, there will be a Q&A session. Please note that this call is also being recorded and a replay will be available on our AsiaFin website.
Without further ado, I would like to turn this call over to Mr. Casey Wong, our co-founder and group CEO.
Hello everyone, I'm Casey Wong, dialing in from, Riyadh, Saudi Arabia.
Weather today here is 39 degrees, so very hot.
Okay.
Doing business out here can be very tough with the weather. Okay, so let me begin my script.
In line with our strong revenue growth momentum for 2025, where
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