HomesToLife Q1 net rev up 405% YoY to $5.2 mln, net income $125,000.

• HomesToLife reports Q1 2025 net revenue of $5.2mln, up 405% YoY. • Revenue from HTL Far East Pte. Ltd. contributes $4.4mln. • HomesToLife Pte. Ltd. revenue declines 19% YoY to $840,000. • Gross margin for HomesToLife Pte. Ltd. improves to 73% from 68% YoY. • Net income for Q1 2025 is $125,000, or $0.01 per share.

Singapore, June 12, 2025 — HomesToLife Ltd (Nasdaq: HTLM) (“HomesToLife” or the "Company"), a leading home furniture company with a strong presence across the Asia-Pacific, Europe, and North America regions, has announced its unaudited financial results for the first quarter ended March 31, 2025 (“Q1 2025”). The company reported a substantial increase in net revenue, driven by strong performance from its Asia sales subsidiary, HTL Far East Pte. Ltd.

Key Financial Highlights:

- Net Revenue: HomesToLife reported net revenue of $5.2 million in Q1 2025, up by 405% year-over-year (YoY) from $1.0 million in Q1 2024. This growth was primarily driven by the $4.4 million revenue contribution from HTL Far East, the company's Asia sales subsidiary launched in November 2024 [1].
- Singapore Retail Revenue: Revenue from HomesToLife Pte. Ltd., the company's Singapore retail business, declined 19% YoY to $840,000. However, the business improved its gross margin to 73% compared to 68% in Q1 2024 [1].
- Gross Margin: The overall gross margin for HomesToLife declined to 26% in Q1 2025 from 68% in Q1 2024, primarily due to the lower gross margin of 17% achieved by HTL Far East [1].
- Net Income: Net income for Q1 2025 was $125,000, or $0.01 per share, compared to a net loss of $74,000, or $(0.01) per share, in the same period last year [1].
- Operating Expenses: Operating expenses rose by $394,000, partly due to $336,000 in Nasdaq listing-related costs, which were not present in Q1 2024 [1].
- Cash Flow: Cash flow from operating activities turned positive at $1.4 million in Q1 2025, compared to a net outflow of $1.5 million in the same period last year. Net cash used in investing and financing activities totalled $101,000 and $775,000, respectively [1].

Outlook for 2025:

Looking ahead, HTL Far East is expected to sustain its strong revenue momentum as it continues expanding across the Asia-Pacific region. In addition, HTL Marketing, acquired in May 2025, is projected to contribute between $250 million and $280 million in revenue for the full year. Total revenue for 2025 is expected to be between $260 and $290 million [1].

HomesToLife's robust liquidity position and strategic growth initiatives position it well for continued expansion and market penetration.

References:
[1] https://www.marketscreener.com/quote/stock/HOMESTOLIFE-LTD-176368586/news/HomesToLife-Ltd-Reports-405-Revenue-Increase-Net-Income-of-125K-in-First-Quarter-2025-50225453/