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Treasure Global vs Asiafin Holdings: TGL and ASFH compared
Treasure Global is the larger company: $2.4M of revenue in its latest quarter (Q4 FY26) against $1.5M for Asiafin Holdings (Q2 2026). Treasure Global is growing faster (+108% against +50% a year earlier). Asiafin Holdings is more profitable, with an operating margin of 27.7% against -117.7%.
Where the money goes: TGL and ASFH
Treasure Global (TGL) · Q4 FY26
Treasure Global, Q4 FY26: revenue $2.4M (+108% year over year), operating margin -117.7%, net loss $3.5M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.
Asiafin Holdings (ASFH) · Q2 2026
Asiafin Holdings, Q2 2026: revenue $1.5M (+50% year over year), operating margin 27.7%, net earnings $431K, operating cash flow −$37K. The chart follows the revenue to costs, profit and cash.
| Treasure Global (TGL) | Asiafin Holdings (ASFH) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q2 2026 |
| Revenue | $2.4M | $1.5M |
| Revenue growth, Y/Y | +108% | +50% |
| Gross margin | — | 50.1% |
| Operating margin | -117.7% | 27.7% |
| Net earnings | −$3.5M | $431K |
| Net margin | -146.3% | 28.4% |
| Operating cash flow | −$1.7M | −$37K |
Where the revenue comes from
Treasure Global
- Gift card or “E-voucher” revenue: $2.4M (100%)
- Product Revenue: $11K (0%)
- Transaction revenue: $493 (0%)
- Health care products, computer products, and food and beverage products revenue: $330 (0%)
Asiafin Holdings
- Payment Processing (Fintech): $705K (46%)
- Regulatory Technology (RegTech): $613K (40%)
- Robotic Process Automation (RPA): $199K (13%)
Questions
Which is bigger, Treasure Global or Asiafin Holdings?
Treasure Global is the larger company: $2.4M of revenue in its latest quarter (Q4 FY26) against $1.5M for Asiafin Holdings (Q2 2026).
Is Treasure Global or Asiafin Holdings growing faster?
Treasure Global is growing faster (+108% against +50% a year earlier).
Which is more profitable, Treasure Global or Asiafin Holdings?
Asiafin Holdings is more profitable, with an operating margin of 27.7% against -117.7%.
More: Treasure Global earnings · how Treasure Global makes money · Asiafin Holdings earnings · how Asiafin Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Oct 13, 2026; 10-Q filed Aug 11, 2026). Fiscal quarters can end on different dates. Not investment advice.