8 August 2025
Asia Wealth Group Holdings Limited
("Asia Wealth", the “Group” or the "Company")
AUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025
Chairman’s Statement
The Board is pleased to report the audited results of the Company for the Financial Year from 1 March 2024 to 28 February 2025. The audited accounts will shortly be available on the Company’s website, www.asiawealthgroup.com.
The Company reports a consolidated profit of US$2,004 (2024: Loss US$108,301).
The Company continues to search for new areas of business expansion opportunities in South East Asia and in Europe, where it is has identified and engaged in meaningful discussions. The Company’s main source of income continued to be through Meyer Asset Management Ltd, a wholly owned subsidiary of the Company.
The Board remains focused on further acquisitions and partnerships in Asia and Europe as well as the south-east Asian region. The Board has a cash surplus to seek further acquisitions and is currently in active discussions with businesses in the wealth management and clean energy space.
I would again like to thank the Company’s staff for their hard work throughout the year and shareholders for their support and we look forward to taking advantage of the opportunities which we expect to encounter in the forthcoming year.
The Directors do not recommend the payment of a dividend for the year ended 28 February 2025.
Richard Cayne
Chairman
The Directors of the Company accept responsibility for the content of this announcement.
Contacts:
Richard Cayne (Chairman and CEO)
Asia Wealth Group Holdings Limited, +66 (0) 2611-2561
Corporate Advisers
Peterhouse Capital Limited, +44 (0) 20 7469 0930
www.asiawealthgroup.com
ASIA WEALTH GROUP HOLDINGS LIMITED
Consolidated Statement of Financial Position
At 28 February 2025ExpressedinU.S.Dollars__________________________________________________________________________________
2025
2024
Non-current assets
Fixed assets
10,126
5,185
Investment property
619,036
586,991
629,162
592,176
Current assets
Cash and cash equivalents
1,077,831
1,122,962
Trade receivables (net of allowance for doubtful
accounts of $8,572 (2024: $8,572))
92,121
109,609
Loans and other receivables
49,806
31,250
Due from director
424,838
438,858
Prepaid tax
888
844
Prepayments and other assets
83,122
70,029
1,728,606
1,773,552
Total assets
$2,357,768
$2,365,728
Equity
Share capital
913,496
913,496
Treasury shares
(318,162)
(318,162)
Consolidation reserve
391,793
391,793
Translation reserve
34,529
13,937
Retained earnings
274,780
272,776
Total equity
1,296,436
1,273,840
Current liabilities
Trade payables
1,012,202
1,044,686
Tax payable
39
-
Other payables and accrued expenses
49,091
47,202
Total liabilities
1,061,332
1,091,888
Total equity and liabilities
$2,357,768
$2,365,728
ASIA WEALTH GROUP HOLDINGS LIMITED
Consolidated Statement of Comprehensive Income
At 28 February 2025ExpressedinU.S.Dollars__________________________________________________________________________________
2025
2024
Revenue
Commission income
962,319
1,022,085
962,319
1,022,085
Expenses
Directors’ fees
302,015
301,959
Commission expense
279,726
369,114
Professional fees
227,266
237,466
Travel and entertainment
57,796
54,543
Salaries and wages
43,589
42,319
Office expenses
42,259
40,520
Insurance expense
29,372
25,120
Rent
17,534
16,711
Marketing
4,765
5,623
Depreciation
1,873
1,840
Other expenses
16,103
19,681
1,022,298
1,114,896
Net loss from operations
(59,979)
(92,811)
Other income/(expenses)
Net foreign exchange gain/(loss)
27,202
(40,568)
Net loss from investments
-
(4,080)
Other income
35,278
29,475
62,480
(15,173)
Net income/(loss) before taxation
2,501
(107,984)
Taxation
497
317
Total comprehensive income/(loss)
$2,004
$(108,301)
Total comprehensive income (loss)/attributable to
equity holders of the Parent Company
$2,004
$(108,301)
Earnings (loss)/per share attributable to the equity holders of the Parent Company:
Basic earnings/(loss) per share
$0.00018
$(0.00975)
Diluted earnings/(loss) per share
$0.00018
$(0.00975)
ASIA WEALTH GROUP HOLDINGS LIMITED
Consolidated Statement of Cash Flows
At 28 February 2025ExpressedinU.S.Dollars__________________________________________________________________________________
2025
2024
Operating activities
Net income (loss) before taxation
2,501
(107,984)
Adjustments for:
Net foreign exchange loss
40,568
205,143
Depreciation
1,873
1,840
Interest income
(14,622)
(8,843)
Net loss from investments
-
4,080
Net operating income before changes in operating assets and liabilities
30,320
94,236
Changes in operating assets and liabilities:
Decrease/(increase) in trade receivables
17,488
(16,937)
(Increase)/decrease in loans and other receivables
(16,849)
26,695
Increase in prepaid tax
(502)
(489)
Increase in prepayments and other assets
(9,734)
(9,669)
Decrease in trade payables
(32,484)
(94,891)
Decrease/(increase) in other payables and accrued expenses
1,889
(4,215)
Net cash flows used in operations
(9,872)
(5,270)
Interest income received
9,556
3,716
Net cash flows used in operating activities
(316)
(1,554)
Investing activities
Proceeds from sale of financial assets at fair value through profit or loss
-
173,657
Acquisition of fixed assets
(6,814)
(2,390)
Net cash flows (used in)/generated from investing activities
(6,814)
171,267
Financing activities
Net advances from director
14,020
15,216
Cash flows from financing activities
14,020
15,216
Net increase in cash and cash equivalents
6,890
184,929
Effects of exchange rate fluctuations on cash and cash equivalents
