The AFC’s third-tier club competition, played since 2024–25. It is a new title line rather than a retrospective renaming of the President’s Cup.
| Season | AFC Challenge League winner | Runner-up | Trophy |
|---|---|---|---|
| 2025/26 | Kuwait SC | Preah Khan Reach Svay Rieng FC |  |
| 2024/25 | Arkadag FK | Preah Khan Reach Svay Rieng FC | |
