AsiaFIN Holdings Corp. reported its financial results for the first quarter of 2025, noting several significant changes compared to the same period last year. Revenue for the quarter increased by 19.5%, reaching approximately $621,000, up from $520,000 in the first quarter of 2024. Despite this increase in revenue, the company experienced a net loss of approximately $489,000, representing a 73.4% increase from the net loss of $282,000 recorded in the same quarter of the previous year. The net loss attributable to common shareholders was approximately $482,000, up 73.5% from $278,000 in the first quarter of 2024. AsiaFIN's gross profit turned negative, with a loss of $6,900, compared to a gross profit of $22,000 in the previous year's first quarter. This negative gross margin, at negative 1.1%, reflects the costs associated with recent expansion initiatives, as the company increased its workforce to support anticipated future growth. Selling, general, and administrative expenses rose significantly, amounting to approximately $486,000, a 64.2% increase compared to $296,000 in the first quarter of 2024. The rise in expenses was primarily due to higher salary costs from recruiting additional employees and increasing credit loss allowances due to challenges in collecting receivables from debtors. CEO KC Wong highlighted the company's strategic expansion into the Middle East market, securing contracts with a major government financial institution, positioning AsiaFIN for potential future growth.