Asia Wealth Group Holdings Ltd - AUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025

Asia Wealth Group Holdings Ltd - AUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025

PR Newswire

LONDON, United Kingdom, August 08

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, [phone]

Corporate Advisers

Peterhouse Capital Limited, [phone]

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	(52,021)		(201,565)
Cash and cash equivalents at beginning of year	1,122,962		1,139,598
Cash and cash equivalents at end of year	$1,077,831		$1,122,962
Cash and cash equivalents comprise cash at banks.

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