Filing Flows › Asiafin Holdings (ASFH) › Q4 2025
Asiafin Holdings (ASFH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Apr 1, 2026
Asiafin Holdings (ASFH) reported revenue of $1.9M for the fourth quarter 2025 (Q4 2025), +49% from a year earlier and +22% from the quarter before. Operating margin was 19.1%, net earnings $215K (11.2% of revenue).
Asiafin Holdings, Q4 2025: revenue $1.9M (+49% year over year), operating margin 19.1%, net earnings $215K, operating cash flow $915K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9M | +22% | +49% |
| Gross profit | $862K | +17% | +7% |
| Operating profit | $366K | -3% | +5% |
| Net earnings | $215K | -43% | -7% |
| Operating cash flow | $915K | — | +225% |
| Free cash flow | $857K | — | +383% |
What changed
Revenue was $1.9M in Q4 2025, up 49% year over year and up 22% from the previous quarter. Regtech was the largest line at 42% of revenue.
Gross margin was 44.9%, down 18.0 points from Q4 2024. Operating profit was $366K, a 19.1% margin (down 7.9 points year over year). Of the extra revenue versus Q4 2024, 3% reached operating profit, below the 27% margin then. Operating expenses grew 7% against revenue growth of 49%. Net earnings were $215K, down 7% year over year ($206K including minority interests, which bore $8K of losses). The effective tax rate was 43.6%.
Operating cash flow was $915K (up 225% year over year), 443% of net income including minority interests. Non-cash charges added back $35K of depreciation and amortization. Working capital and other items added $674K. Capital expenditures of $58K left free cash flow of $857K.
Questions
What was Asiafin Holdings' revenue in the fourth quarter 2025?
Asiafin Holdings (ASFH) reported revenue of $1.9M for the fourth quarter 2025 (Q4 2025), +49% from a year earlier and +22% from the quarter before.
Was Asiafin Holdings profitable in the fourth quarter 2025?
Operating profit was $366K (19.1% of revenue) and net earnings $215K.
Source: Asiafin Holdings 10-K on SEC EDGAR.