AUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2026
17 August 2026
Asia Wealth Group Holdings Limited
("Asia Wealth", the “Group” or the "Company")
AUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2026
Chairman’s Statement
The Board is pleased to report the audited results of the Company for the Financial Year from 1 March 2025 to 28 February 2026. The audited accounts will shortly be available on the Company’s website,
www.asiawealthgroup.com.
The Company reports a consolidated profit of
US$30,562 (2025: Profit US$2,004).
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 2026.
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
AlbR Capital Limited,
+44 (0)20 7469 0930
ASIA WEALTH GROUP HOLDINGS LIMITED
Consolidated Statement of Financial Position
At 28 February 2026
Expressed in U.S. Dollars
2026
2025
Non-current assets
Fixed assets
66,925
10,126
Investment property
678,755
619,036
745,680
629,162
Current assets
Cash and cash equivalents
841,827
1,077,831
Trade receivables (net of allowance for doubtful
accounts of $8,572 (2025: $8,572))
18,520
92,121
Loans and other receivables
76,357
49,806
Due from director
463,020
424,838
Prepaid tax
611
888
Prepayments and other assets
89,317
83,122
1,489,652
1,728,606
Total assets
$
2,235,332
$
2,357,768
Equity
Share capital
913,496
913,496
Treasury shares
(318,162)
(318,162)
Consolidation reserve
391,793
391,793
Translation reserve
71,672
34,529
Retained earnings
305,342
274,780
Total equity
1,364,141
1,296,436
Current liabilities
Trade payables
790,526
1,012,202
Tax payable
739
39
Other payables and accrued expenses
79,926
49,091
Total liabilities
871,191
1,061,332
Total equity and liabilities
$
2,235,332
$
2,357,768
ASIA WEALTH GROUP HOLDINGS LIMITED
Consolidated Statement of Comprehensive Income
For the year ended 28 February 2026
Expressed in U.S. Dollars
2026
2025
Revenue
Commission income
730,789
962,319
730,789
962,319
Expenses
Directors’ fees
267,425
302,015
Professional fees
238,856
227,266
Commission expense
92,017
279,726
Salaries and wages
79,552
43,589
Travel and entertainment
64,833
57,796
Office expenses
51,893
42,259
Insurance expense
32,427
29,372
Rent
23,137
17,534
Depreciation
12,816
1,873
Marketing
4,674
4,765
Bad debt expenses
3,525
-
Other expenses
25,708
16,103
896,863
1,022,298
Net income/(loss) from operations
(166,074)
(59,979)
Other income/(expenses)
Net foreign exchange loss
158,752
27,202
Other income
39,162
35,278
197,914
62,480
Net income before taxation
31,840
2,501
Taxation
1,278
497
Total comprehensive income
$
30,562
$
2,004
Total comprehensive income attributable to equity
holders of the Parent Company
$
30,562
$
2,004
Earnings (loss) per share attributable to the equity holders of the Parent Company:
Basic earnings per share
$
0.00275
$
0.00018
Diluted earnings per share
$
0.00275
$
0.00018
ASIA WEALTH GROUP HOLDINGS LIMITED
Consolidated Statement of Cash Flows
For the year ended 28 February 2026
Expressed in U.S. Dollars
2026
2025
Operating activities
Net income before taxation
31,840
2,501
Adjustments for:
Net foreign exchange (gain)/loss
(27,202)
40,568
Impairment losses
3,525
-
Depreciation
12,816
1,873
Interest income
(4,907)
(14,622)
Net operating income before changes in operating assets and liabilities
16,072
30,320
Changes in operating assets and liabilities:
Decrease in trade receivables
70,076
17,488
Increasein loans and other receivables
(26,551)
(16,849)
Increase in prepaid tax
(301)
(502)
Increase in prepayments and other assets
(6,195)
(9,734)
Decrease in trade payables
(221,676)
(32,484)
Increase in other payables and accrued expenses
30,835
1,889
Net cash flows used in operations
(137,740)
(9,872)
Interest income received
4,907
9,556
Net cash flows used in operating activities
(132,833)
(316)
Investing activities
Acquisition of fixed assets
(69,615)
(6,814)
Cash flows used in investing activities
(69,615)
(6,814)
Financing activities
Net movement (to)/from director
(38,182)
14,020
Cash flows (used in)/from financing activities
(38,182)
14,020
Net (decrease)/increase in cash and cash equivalents
(240,630)
6,890
Effects of exchange rate fluctuations on cash and cash equivalents
4,626
(52,021)
Cash and cash equivalents at beginning of year
1,077,831
1,122,962
Cash and cash equivalents at end of year
$
841,827
$
1,077,831
Cash and cash equivalents comprise cash at banks.
AWGH Audited FS 28Feb26 RNS Draft FINAL |
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