Quarterly ResultMay 11, 2026, 04:38 PM
Holistic Asset Finance Group Q1 Revenue +286% to $1.02M; Net Profit $44,951
AI Summary
Holistic Asset Finance Group Co., Ltd. reported a significant increase in revenue and a turnaround to net profit for the first quarter of 2026. Revenue surged by 286% to $1.02 million, driven by both product sales and service revenue growth, particularly in Singapore. Despite these improvements, the company continues to face a substantial accumulated deficit and net current liabilities. These conditions raise substantial doubt about the Group’s ability to continue as a going concern, though management is pursuing additional financing and new business development.
Key Highlights
- Revenue increased by 285.9% to $1,017,548 for Q1 2026 from $263,638 in Q1 2025.
- Reported a net profit of $44,951 in Q1 2026, a turnaround from a net loss of $12,802 in Q1 2025.
- Basic and diluted EPS improved to $0.0006 in Q1 2026 from $(0.0002) in Q1 2025.
- Total assets grew significantly to $969,733 as of March 31, 2026, from $37,731 as of December 31, 2025.
- Net cash provided by operating activities was $655 in Q1 2026, compared to net cash used of $15,351 in Q1 2025.
- Product sales generated $244,896 in Q1 2026, up from $0 in Q1 2025.
- Service revenue increased to $772,652 in Q1 2026 from $263,638 in Q1 2025.
- Accumulated deficit was $71,130,231 as of March 31, 2026, with net current liabilities of $317,888.