Asiatel Outsourcing Inc. reported a 51 percent jump in service revenue to $5.14 million in the first half of 2026, up from $3.40 million a year earlier.

Gross profit rose 30 percent to $693,322, although gross margin narrowed to 13 percent from 16 percent as service costs increased faster than revenue.

The Philippine BPO and KPO company posted a net loss of $1.29 million, mainly due to $1.39 million in listing-related expenses tied to its reverse takeover and transition into a publicly listed company.

Cash and cash equivalents climbed 164 percent to $1.09 million as of 30 June, supported by $1 million in proceeds from a private placement completed alongside the reverse takeover.

Asiatel completed its RTO on 30 June and began trading on the TSX Venture Exchange under the ticker ATOI on 14 July.

The company said around 91.5 percent of first-half revenue came from services provided to related party Asia Telecom Holdings Ltd., while it continues efforts to diversify its customer base.

Asiatel currently employs more than 500 full-time workers in the Philippines and is expanding its BPO, KPO and digital services businesses.

“The first six months of the year marked the completion of Asiatel’s RTO and its transition to becoming a publicly listed company, alongside a 51 percent year-over-year growth in revenue,” CEO Jasjit Singh Anand said.

He added that the company will focus on improving unit economics, expanding in Canada and building momentum in AI-enabled and KPO services.