{"success":true,"data":{"pressRelease":{"id":"156637","rtpr_id":"nGNXb9QGmd-20260930","ticker":"HTLM","exchange":"NASDAQ","all_tickers":["HTLM"],"title":"HomesToLife Reports 10% YoY Growth in 1H 2026 Net Revenue, Fuelled by Stronger Export Sales","author":"Globe Newswire","published_at":"2026-09-30T12:00:03.376Z","article_body":"SINGAPORE, Sept. 30, 2026 (GLOBE NEWSWIRE) -- HomesToLife Ltd (Nasdaq: HTLM)\n(“HomesToLife” or the “Company”), a Singapore-based home furniture\ncompany with sales across Asia-Pacific, Europe and North America, today\nannounced its unaudited financial results for the six months ended June 30,\n2026 (“1H 2026”).\n\n Key Financial Highlights \n \n 1H 2025 US$’000 1H 2026 US$’000 Change \n Net revenue 180,775 198,305 10 % \n Retail 3,382 5,314 57 % \n Export 168,009 186,293 11 % \n Leather Trading 9,383 6,698 (29 %) \n By geographical 180,775 198,305 10 % \n Asia Pacific 48,683 46,680 (4 %) \n Europe 109,989 123,660 12 % \n North America 22,103 27,966 27 % \n Gross profit 49,833 56,994 14 % \n Gross profit margin 27.6 % 28.7 % 1.1 pp \n Operating expenses (40,784 ) (47,295 ) 16 % \n Sales and distribution expenses (31,092 ) (36,967 ) 19 % \n General and Administrative expenses (9,692 ) (10,328 ) 7 % \n Income from operations 9,048 9,698 7 % \n Net income 10,024 6,068 (39 %) \n Earnings per share (Basic and diluted) 0.11 0.07 (39 %) \n \n\nFinancial results for the six months ended June 30, 2025 (“1H 2025”) and\n1H 2026, unless otherwise stated, reflect the inclusion of HTL Marketing Pte.\nLtd. (“HTL Marketing”) because of the acquisition of 100% of equity\ninterests in HTL Marketing completed on May 19, 2025.\n\n1H 2026 Performance\n\nIn 1H 2026, the Company delivered strong net revenue of US$198.3 million,\nrepresenting a year-on-year increase of 10%, driven by a US$18.3 million\nincrease in export sales. By region, net revenue from North American and\nEurope markets saw 27% and 12% growth respectively compared to 1H 2025, while\nAsia Pacific market experienced a slight decline by 4%. Retail sales continued\nto support the revenue growth with a 57% year-on-year increase, attributable\nto the expansion of the retail stores and retail sales growth in South Korea.\n\nGross profit rose 14% from US$49.8 million in 1H 2025 to US$57.0 million in 1H\n2026, with margins expanding by 1.1 percentage points. The continuous growth\nwas primarily attributable to a favorable shift in sales mix, along with the\nbetter sales performance in both Europe and North America. Operating expenses\nincreased by US$6.5 million due to higher selling expenses along with larger\nsales volumes and increased freight and logistics costs.\n\nIncome from operations reached US$9.7 million in 1H 2026, rising by 7% from\nUS$9.0 million in 1H 2025. In the meantime, net income decreased from US$10.0\nmillion in 1H 2025 to US$6.1 million in 1H 2026, primarily resulting from a\nnet foreign exchange loss of US$2.2 million during the reporting period,\ncompared with a foreign exchange gain of US$4.3 million in the same period\nlast year. Excluding foreign exchange gain (loss), net income would have\nincreased by 22% from US$6.5 million in 1H 2025 to US$7.9 million in 1H 2026.\nEarnings per share stood at US$0.07 in 1H 2026.\n\nFinancial Position\n\nCash outflows from operating activities improved with a reduction from US$11.3\nmillion in 1H 2025 to US$8.3 million in 1H 2026, representing a year-on-year\ndecrease of 26%. Net cash used in investing activities amounted to US$2.0\nmillion, and net cash provided by financing activities amounted to US$1.5\nmillion during the reporting period.\n\nAs of June 30, 2026, the Company maintained a healthy liquidity position, as\ncash and cash equivalents totalled US$17.9 million after US$5.8 million\ndividend payments and short-term borrowings reduced to US$7.3 million as of\nJune 30, 2026 from US$10.4 million as of December 31, 2025. Net current assets\nwere US$18.3 million, underscoring the Company’s positive working capital\nprofile.\n\nOutlook\n\nHomesToLife expects to maintain stable sales growth for the remainder of\nFY2026, in line with its earlier guidance of US$400 million to US$420 million\nfor the full year. Building on its growing export business and diversified\nrevenue base, the Company will remain focused on enhancing operational\nefficiency, prudent cost management, and working capital optimization to\nsupport sustainable long-term growth.\n\nThe Company will also continue to closely monitor external factors that may\naffect operating performance, including foreign exchange movements, logistics\ncosts, raw material prices, and broader macroeconomic as well as geopolitical\ndevelopments. While foreign exchange movements affected reported net income\nduring the reporting period, the Company continues to actively manage its\nforeign-exchange exposure through natural hedges and risk-management measures\nwhile maintaining its geographically diversified operations, helping to\nmitigate the impact of currency volatility and support resilient business\nperformance.\n\n“The first half of 2026 demonstrated the strength of our business\nfundamentals and the benefits of our diversified global strategy,” said Ms.\nPhua Mei Ming, Chief Executive Officer of HomesToLife. “While we remain\nmindful of ongoing market uncertainties, we are optimistic about the\nopportunities ahead. We will continue to proactively manage risks, invest in\nproduct innovation, and strengthen our presence across key markets.”\n\nThe Company remains in progress with its proposed secondary listing\n(“Proposed Secondary Listing”) on the Main Board of the Singapore Exchange\nSecurities Trading Limited (the “SGX-ST”). The Proposed Secondary Listing\nremains subject to regulatory review and approval, and if approved, the\nfulfilment of certain conditions and other applicable listing requirements.\n\nAbout HomesToLife Ltd (Nasdaq: HTLM)\n\nHomesToLife Ltd is a global furniture company headquartered in Singapore.\nLeveraging 50 years of heritage built by its founders, the Company combines\nwholesale distribution, consumer retail, and sourcing capabilities, supported\nby a diversified sourcing and supplier network across China, Vietnam and\nIndia.\n\nThe Company operates through three core business divisions: (i) export\ndivision for supplying furniture to wholesale customers such as retailers and\ndistributors worldwide, (ii) leather trading division and (iii) retail\ndivision with direct retail operations in Singapore and South Korea.\n\nAcross these business divisions, the Company operates an integrated supply\nchain model that encompasses product design and development, sourcing from the\nCompany’s manufacturing partners, and the coordination of logistics and\ndistribution channels. This operating model enables the Company to translate\ndesigns into production-ready products efficiently, supporting both branded\nand white-label offerings, and allows the Company to deliver scale and\nconsistency across multiple markets.\n\nThe Company is fast expanding across Europe, Asia-Pacific, and North America,\nleveraging an integrated supply chain model and a global presence to deliver\nscale and consistency across multiple markets.\n\nFORWARD-LOOKING STATEMENTS\n\nThis press release contains statements that may constitute\n“forward-looking” statements pursuant to the “safe harbor” provisions\nof the U.S. Private Securities Litigation Reform Act of 1995. These\nforward-looking statements can be identified by terminology such as\n“will,” “expects,” “anticipates,” “aims,” “future,”\n“intends,” “plans,” “believes,” “estimates,” “likely to,”\nand similar statements. Statements that are not historical facts, including\nstatements about the Company’s beliefs, plans, and expectations, are\nforward-looking statements. Forward-looking statements involve inherent risks\nand uncertainties. Further information regarding these and other risks is\nincluded in the Company’s filings with the SEC. All information provided in\nthis press release is as of the date of this press release, and the Company\ndoes not undertake any obligation to update any forward-looking statement,\nexcept as required under applicable law.\n\nCAUTIONARY STATEMENT\n\nThe Proposed Secondary Listing remains subject to regulatory review and\napproval, and if approved, the fulfilment of certain conditions and other\napplicable listing requirements. As such, there is no assurance that the\nProposed Secondary Listing will proceed to completion. The Company will\nprovide further updates as and when there are material developments, in\naccordance with applicable laws and regulatory requirements.\n\nShareholders and potential investors of the Company are advised to exercise\ncaution when dealing in the shares and to refrain from taking any action in\nrespect of their shares which may be prejudicial to their interests.\nShareholders and potential investors who are in doubt as to the action they\nshould take should consult their stockbroker, bank manager, solicitor,\naccountant, tax adviser or other professional adviser.\n\nContacts\n\nHomesToLife Ltd Contact:\n\n12 Tai Seng Link, #03-01A,\nGRC Centre, Singapore 534233\nEmail: Investor@homestolife.com\n\nInvestor Relations Inquiries:\n\nEdelman Smithfield\nAngela Hui\nHomesToLife@edelmansmithfield.com\n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n As of \n December 31, 2025 June 30, 2026 \n ASSETS \n Current assets: \n Cash and cash equivalents $ 27,276,091 $ 17,941,401 \n Restricted Cash - 164,026 \n Accounts receivables, net (including receivable from related parties of $5,763,509 and nil as of December 31, 2025 and June 30, 2026, respectively) 76,010,709 74,811,081 \n Inventories, net 9,599,490 10,120,517 \n Amounts due from related parties 7,026,092 - \n Deposit, prepayments and other receivables 5,853,470 6,741,958 \n Total current assets 125,765,852 109,778,983 \n \n Non-current assets: \n Property, plant and equipment, net 4,354,206 5,884,250 \n Right-of-use assets, net 7,363,312 7,528,176 \n Restricted cash, non-current - 111,136 \n Investments in equity securities - 1,000,000 \n Other non-current assets 1,000,000 - \n Deferred tax asset, net 673,416 689,142 \n Total non-current assets 13,390,934 15,212,704 \n \n TOTAL ASSETS $ 139,156,786 $ 124,991,687 \n \n LIABILITIES AND SHAREHOLDERS’ EQUITY \n Current liabilities: \n Accounts payable $ 4,475,242 $ 4,587,814 \n Accounts payable, related parties 74,890,989 63,749,207 \n Customer deposits 1,195,989 1,188,847 \n Accrued liabilities and other payables 6,065,126 6,697,637 \n Short-term borrowings 10,389,094 7,263,986 \n Lease liabilities, current 1,924,657 2,299,696 \n Warranty liabilities 2,188,814 1,930,960 \n Derivatives financial instruments 74,765 - \n Income tax payable 4,156,085 3,718,772 \n Total current liabilities 105,360,761 91,436,919 \n \n Long-term liabilities: \n Provision for reinstatement cost 382,112 502,676 \n Lease liabilities 5,572,603 5,377,461 \n Total long-term liabilities 5,954,715 5,880,137 \n \n TOTAL LIABILITIES 111,315,476 97,317,056 \n \n Commitments and contingencies - - \n \n Shareholders’ equity: \n Ordinary share, $0.0001 par value, 500,000,000 shares authorized,89,687,500 and 89,687,500 shares issued and outstanding as of December 31, 2025 and June 30, 2026, respectively 8,969 8,969 \n Additional paid-in capital 37,179,424 37,179,424 \n Accumulated other comprehensive loss (12,111,193 ) (12,515,722 ) \n Retained earnings 2,764,110 3,001,960 \n Total shareholders’ equity 27,841,310 27,674,631 \n \n TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 139,156,786 $ 124,991,687 \n \n\n\n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n Six months ended June 30 \n 2025 2026 \n Revenues, net \n From third parties $ 170,117,861 $ 190,732,226 \n From related parties 10,656,942 7,572,880 \n 180,774,803 198,305,106 \n Cost of goods sold (130,942,258 ) (141,311,428 ) \n \n Gross profit 49,832,545 56,993,678 \n \n Operating expenses: \n Sales and distribution expenses (31,092,110 ) (36,967,422 ) \n General and administrative expenses (9,691,952 ) (10,327,858 ) \n Total operating expenses (40,784,062 ) (47,295,280 ) \n \n Income from operations 9,048,483 9,698,398 \n \n Other income (expense): \n Interest expense (730,372 ) (150,615 ) \n Interest income 16,246 19,193 \n Government subsidies 16,950 23,385 \n Foreign exchange gain (loss), net 4,293,633 (2,168,357 ) \n Net gain from related parties debt restructuring 1,460,543 - \n Professional fees on acquisition of HTL Marketing (1,261,560 ) - \n Scrap sofa sale income 223,263 165,621 \n Change in fair value of derivatives financial instruments (753,243 ) 74,765 \n Sundry income(expense) 39,404 148,095 \n Total other income (expense), net 3,304,864 (1,887,913 ) \n \n Income before income taxes 12,353,347 7,810,485 \n \n Income tax expense (2,329,272 ) (1,742,947 ) \n NET INCOME $ 10,024,075 $ 6,067,538 \n \n Other comprehensive income (loss): \n – Foreign currency translation adjustments 1,368,175 (404,529 ) \n \n COMPREHENSIVE INCOME $ 11,392,250 $ 5,663,009 \n \n Weighted average number of ordinary shares: \n Basic and diluted 89,687,500 89,687,500 \n \n EARNINGS PER SHARE – BASIC AND DILUTED $ 0.11 $ 0.07 \n \n\n\n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n Six months ended June 30, 2025 \n Retail Sales Export Sales Leather Trading Corporate and unallocated Total \n Revenues, net \n From third party $ 3,382,273 $ 166,459,189 $ 276,399 $ - $ 170,117,861 \n From related parties - 1,550,023 9,106,919 - 10,656,942 \n 3,382,273 168,009,212 9,383,318 - 180,774,803 \n Cost of goods sold (1,401,494 ) (120,526,294 ) (9,014,470 ) - (130,942,258 ) \n \n Gross profit 1,980,779 47,482,918 368,848 - 49,832,545 \n \n Operating expenses: \n Sales and distribution expenses (2,404,689 ) (28,634,760 ) (52,661 ) - (31,092,110 ) \n General and administrative expenses (906,968 ) (8,099,908 ) (3,025 ) (682,051 ) (9,691,952 ) \n Total operating expenses (3,311,657 ) (36,734,668 ) (55,686 ) (682,051 ) (40,784,062 ) \n \n Operating income (loss) (1,330,878 ) 10,748,250 313,162 (682,051 ) 9,048,483 \n \n Other income (expenses): \n Interest expense (125,183 ) (394,423 ) (210,766 ) - (730,372 ) \n Interest income 130 15,946 170 - 16,246 \n Government subsidies 12,238 4,712 - - 16,950 \n Foreign exchange gain (loss), net (9,647 ) 4,292,067 6,215 4,998 4,293,633 \n \n Net gain from related parties debt restructuring - - - 1,460,543 1,460,543 \n Professional fees on acquisition of HTL Marketing - (133,960 ) - (1,127,600 ) (1,261,560 ) \n Scrap sofa sale income - 223,263 - - 223,263 \n Sundry income (expense) 78,284 21,551 7 (60,438 ) 39,404 \n Change in fair value of derivatives financial instruments - (753,243 ) - - (753,243 ) \n Total other income (expenses), net (44,178 ) 3,275,913 (204,374 ) 277,503 3,304,864 \n \n Income (loss) before income taxes (1,375,056 ) 14,024,163 108,788 (404,548 ) 12,353,347 \n Income tax expense - (2,310,779 ) (18,493 ) - (2,329,272 ) \n \n Segment income (loss) $ (1,375,056 ) $ 11,713,384 $ 90,295 $ (404,548 ) $ 10,024,075 \n \n\n\n\n Six months ended June 30, 2026 \n Retail Sales Export Sales Leather Trading Corporate and unallocated Total \n Revenues, net \n From third party $ 5,313,821 $ 185,418,405 $ - $ - $ 190,732,226 \n From related parties - 874,947 6,697,933 - 7,572,880 \n 5,313,821 186,293,352 6,697,933 - 198,305,106 \n Cost of goods sold (1,876,931 ) (133,106,987 ) (6,327,510 ) - (141,311,428 ) \n \n Gross profit 3,436,890 53,186,365 370,423 - 56,993,678 \n \n Operating expenses: \n Sales and distribution expenses (3,385,506 ) (33,560,786 ) (21,130 ) - (36,967,422 ) \n General and administrative expenses (694,444 ) (8,432,743 ) (1,969 ) (1,198,702 ) (10,327,858 ) \n Total operating expenses (4,079,950 ) (41,993,529 ) (23,099 ) (1,198,702 ) (47,295,280 ) \n \n Operating income (loss) (643,060 ) 11,192,836 347,324 (1,198,702 ) 9,698,398 \n \n Other income (expenses): \n Interest expense - (40,734 ) (109,881 ) - (150,615 ) \n Interest income 465 18,421 307 - 19,193 \n Government subsidies 15,685 7,700 - - 23,385 \n Foreign exchange gain (loss), net (2,426 ) (2,319,989 ) 163,712 (9,654 ) (2,168,357 ) \n Scrap sofa sale income - 165,621 - - 165,621 \n Change in fair value of derivatives financial instruments - 74,765 - - 74,765 \n Sundry income (expense) 89,747 (208,528 ) - 266,876 148,095 \n Total other income (expenses), net 103,471 (2,302,744 ) 54,138 257,222 (1,887,913 ) \n \n Income (loss) before income taxes (539,589 ) 8,890,092 401,462 (941,480 ) 7,810,485 \n Income tax expense - (1,674,699 ) (68,248 ) - (1,742,947 ) \n \n Segment income (loss) $ (539,589 ) $ 7,215,393 $ 333,214 $ (941,480 ) $ 6,067,538 \n \n\n\n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n Six months ended June 30, \n 2025 2026 \n USD USD \n Net cash used in operating activities (11,241,457 ) (8,266,135 ) \n Net cash used in investing activities (557,755 ) (1,951,009 ) \n Net cash provided by financing activities 5,966,454 1,457,160 \n Effect on exchange rate change on cash and cash equivalents, and restricted cash 1,043,524 (299,544 ) \n Net change in cash and cash equivalents, and restricted cash (4,789,234 ) (9,059,528 ) \n BEGINNING OF PERIOD 24,860,621 27,276,091 \n END OF PERIOD 20,071,387 18,216,563 \n\n\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/8ed5224e-2821-4116-87b7-fdcb44f68e6e)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXb9QGmd-20260930","title":"HomesToLife Reports 10% YoY Growth in 1H 2026 Net Revenue, Fuelled by Stronger Export Sales","author":"Globe Newswire","ticker":"HTLM","created":"2026-09-30T12:00:03.376Z","tickers":["HTLM"],"exchange":"NASDAQ","article_body":"SINGAPORE, Sept. 30, 2026 (GLOBE NEWSWIRE) -- HomesToLife Ltd (Nasdaq: HTLM)\n(“HomesToLife” or the “Company”), a Singapore-based home furniture\ncompany with sales across Asia-Pacific, Europe and North America, today\nannounced its unaudited financial results for the six months ended June 30,\n2026 (“1H 2026”).\n\n Key Financial Highlights \n \n 1H 2025 US$’000 1H 2026 US$’000 Change \n Net revenue 180,775 198,305 10 % \n Retail 3,382 5,314 57 % \n Export 168,009 186,293 11 % \n Leather Trading 9,383 6,698 (29 %) \n By geographical 180,775 198,305 10 % \n Asia Pacific 48,683 46,680 (4 %) \n Europe 109,989 123,660 12 % \n North America 22,103 27,966 27 % \n Gross profit 49,833 56,994 14 % \n Gross profit margin 27.6 % 28.7 % 1.1 pp \n Operating expenses (40,784 ) (47,295 ) 16 % \n Sales and distribution expenses (31,092 ) (36,967 ) 19 % \n General and Administrative expenses (9,692 ) (10,328 ) 7 % \n Income from operations 9,048 9,698 7 % \n Net income 10,024 6,068 (39 %) \n Earnings per share (Basic and diluted) 0.11 0.07 (39 %) \n \n\nFinancial results for the six months ended June 30, 2025 (“1H 2025”) and\n1H 2026, unless otherwise stated, reflect the inclusion of HTL Marketing Pte.\nLtd. (“HTL Marketing”) because of the acquisition of 100% of equity\ninterests in HTL Marketing completed on May 19, 2025.\n\n1H 2026 Performance\n\nIn 1H 2026, the Company delivered strong net revenue of US$198.3 million,\nrepresenting a year-on-year increase of 10%, driven by a US$18.3 million\nincrease in export sales. By region, net revenue from North American and\nEurope markets saw 27% and 12% growth respectively compared to 1H 2025, while\nAsia Pacific market experienced a slight decline by 4%. Retail sales continued\nto support the revenue growth with a 57% year-on-year increase, attributable\nto the expansion of the retail stores and retail sales growth in South Korea.\n\nGross profit rose 14% from US$49.8 million in 1H 2025 to US$57.0 million in 1H\n2026, with margins expanding by 1.1 percentage points. The continuous growth\nwas primarily attributable to a favorable shift in sales mix, along with the\nbetter sales performance in both Europe and North America. Operating expenses\nincreased by US$6.5 million due to higher selling expenses along with larger\nsales volumes and increased freight and logistics costs.\n\nIncome from operations reached US$9.7 million in 1H 2026, rising by 7% from\nUS$9.0 million in 1H 2025. In the meantime, net income decreased from US$10.0\nmillion in 1H 2025 to US$6.1 million in 1H 2026, primarily resulting from a\nnet foreign exchange loss of US$2.2 million during the reporting period,\ncompared with a foreign exchange gain of US$4.3 million in the same period\nlast year. Excluding foreign exchange gain (loss), net income would have\nincreased by 22% from US$6.5 million in 1H 2025 to US$7.9 million in 1H 2026.\nEarnings per share stood at US$0.07 in 1H 2026.\n\nFinancial Position\n\nCash outflows from operating activities improved with a reduction from US$11.3\nmillion in 1H 2025 to US$8.3 million in 1H 2026, representing a year-on-year\ndecrease of 26%. Net cash used in investing activities amounted to US$2.0\nmillion, and net cash provided by financing activities amounted to US$1.5\nmillion during the reporting period.\n\nAs of June 30, 2026, the Company maintained a healthy liquidity position, as\ncash and cash equivalents totalled US$17.9 million after US$5.8 million\ndividend payments and short-term borrowings reduced to US$7.3 million as of\nJune 30, 2026 from US$10.4 million as of December 31, 2025. Net current assets\nwere US$18.3 million, underscoring the Company’s positive working capital\nprofile.\n\nOutlook\n\nHomesToLife expects to maintain stable sales growth for the remainder of\nFY2026, in line with its earlier guidance of US$400 million to US$420 million\nfor the full year. Building on its growing export business and diversified\nrevenue base, the Company will remain focused on enhancing operational\nefficiency, prudent cost management, and working capital optimization to\nsupport sustainable long-term growth.\n\nThe Company will also continue to closely monitor external factors that may\naffect operating performance, including foreign exchange movements, logistics\ncosts, raw material prices, and broader macroeconomic as well as geopolitical\ndevelopments. While foreign exchange movements affected reported net income\nduring the reporting period, the Company continues to actively manage its\nforeign-exchange exposure through natural hedges and risk-management measures\nwhile maintaining its geographically diversified operations, helping to\nmitigate the impact of currency volatility and support resilient business\nperformance.\n\n“The first half of 2026 demonstrated the strength of our business\nfundamentals and the benefits of our diversified global strategy,” said Ms.\nPhua Mei Ming, Chief Executive Officer of HomesToLife. “While we remain\nmindful of ongoing market uncertainties, we are optimistic about the\nopportunities ahead. We will continue to proactively manage risks, invest in\nproduct innovation, and strengthen our presence across key markets.”\n\nThe Company remains in progress with its proposed secondary listing\n(“Proposed Secondary Listing”) on the Main Board of the Singapore Exchange\nSecurities Trading Limited (the “SGX-ST”). The Proposed Secondary Listing\nremains subject to regulatory review and approval, and if approved, the\nfulfilment of certain conditions and other applicable listing requirements.\n\nAbout HomesToLife Ltd (Nasdaq: HTLM)\n\nHomesToLife Ltd is a global furniture company headquartered in Singapore.\nLeveraging 50 years of heritage built by its founders, the Company combines\nwholesale distribution, consumer retail, and sourcing capabilities, supported\nby a diversified sourcing and supplier network across China, Vietnam and\nIndia.\n\nThe Company operates through three core business divisions: (i) export\ndivision for supplying furniture to wholesale customers such as retailers and\ndistributors worldwide, (ii) leather trading division and (iii) retail\ndivision with direct retail operations in Singapore and South Korea.\n\nAcross these business divisions, the Company operates an integrated supply\nchain model that encompasses product design and development, sourcing from the\nCompany’s manufacturing partners, and the coordination of logistics and\ndistribution channels. This operating model enables the Company to translate\ndesigns into production-ready products efficiently, supporting both branded\nand white-label offerings, and allows the Company to deliver scale and\nconsistency across multiple markets.\n\nThe Company is fast expanding across Europe, Asia-Pacific, and North America,\nleveraging an integrated supply chain model and a global presence to deliver\nscale and consistency across multiple markets.\n\nFORWARD-LOOKING STATEMENTS\n\nThis press release contains statements that may constitute\n“forward-looking” statements pursuant to the “safe harbor” provisions\nof the U.S. Private Securities Litigation Reform Act of 1995. These\nforward-looking statements can be identified by terminology such as\n“will,” “expects,” “anticipates,” “aims,” “future,”\n“intends,” “plans,” “believes,” “estimates,” “likely to,”\nand similar statements. Statements that are not historical facts, including\nstatements about the Company’s beliefs, plans, and expectations, are\nforward-looking statements. Forward-looking statements involve inherent risks\nand uncertainties. Further information regarding these and other risks is\nincluded in the Company’s filings with the SEC. All information provided in\nthis press release is as of the date of this press release, and the Company\ndoes not undertake any obligation to update any forward-looking statement,\nexcept as required under applicable law.\n\nCAUTIONARY STATEMENT\n\nThe Proposed Secondary Listing remains subject to regulatory review and\napproval, and if approved, the fulfilment of certain conditions and other\napplicable listing requirements. As such, there is no assurance that the\nProposed Secondary Listing will proceed to completion. The Company will\nprovide further updates as and when there are material developments, in\naccordance with applicable laws and regulatory requirements.\n\nShareholders and potential investors of the Company are advised to exercise\ncaution when dealing in the shares and to refrain from taking any action in\nrespect of their shares which may be prejudicial to their interests.\nShareholders and potential investors who are in doubt as to the action they\nshould take should consult their stockbroker, bank manager, solicitor,\naccountant, tax adviser or other professional adviser.\n\nContacts\n\nHomesToLife Ltd Contact:\n\n12 Tai Seng Link, #03-01A,\nGRC Centre, Singapore 534233\nEmail: Investor@homestolife.com\n\nInvestor Relations Inquiries:\n\nEdelman Smithfield\nAngela Hui\nHomesToLife@edelmansmithfield.com\n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n As of \n December 31, 2025 June 30, 2026 \n ASSETS \n Current assets: \n Cash and cash equivalents $ 27,276,091 $ 17,941,401 \n Restricted Cash - 164,026 \n Accounts receivables, net (including receivable from related parties of $5,763,509 and nil as of December 31, 2025 and June 30, 2026, respectively) 76,010,709 74,811,081 \n Inventories, net 9,599,490 10,120,517 \n Amounts due from related parties 7,026,092 - \n Deposit, prepayments and other receivables 5,853,470 6,741,958 \n Total current assets 125,765,852 109,778,983 \n \n Non-current assets: \n Property, plant and equipment, net 4,354,206 5,884,250 \n Right-of-use assets, net 7,363,312 7,528,176 \n Restricted cash, non-current - 111,136 \n Investments in equity securities - 1,000,000 \n Other non-current assets 1,000,000 - \n Deferred tax asset, net 673,416 689,142 \n Total non-current assets 13,390,934 15,212,704 \n \n TOTAL ASSETS $ 139,156,786 $ 124,991,687 \n \n LIABILITIES AND SHAREHOLDERS’ EQUITY \n Current liabilities: \n Accounts payable $ 4,475,242 $ 4,587,814 \n Accounts payable, related parties 74,890,989 63,749,207 \n Customer deposits 1,195,989 1,188,847 \n Accrued liabilities and other payables 6,065,126 6,697,637 \n Short-term borrowings 10,389,094 7,263,986 \n Lease liabilities, current 1,924,657 2,299,696 \n Warranty liabilities 2,188,814 1,930,960 \n Derivatives financial instruments 74,765 - \n Income tax payable 4,156,085 3,718,772 \n Total current liabilities 105,360,761 91,436,919 \n \n Long-term liabilities: \n Provision for reinstatement cost 382,112 502,676 \n Lease liabilities 5,572,603 5,377,461 \n Total long-term liabilities 5,954,715 5,880,137 \n \n TOTAL LIABILITIES 111,315,476 97,317,056 \n \n Commitments and contingencies - - \n \n Shareholders’ equity: \n Ordinary share, $0.0001 par value, 500,000,000 shares authorized,89,687,500 and 89,687,500 shares issued and outstanding as of December 31, 2025 and June 30, 2026, respectively 8,969 8,969 \n Additional paid-in capital 37,179,424 37,179,424 \n Accumulated other comprehensive loss (12,111,193 ) (12,515,722 ) \n Retained earnings 2,764,110 3,001,960 \n Total shareholders’ equity 27,841,310 27,674,631 \n \n TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 139,156,786 $ 124,991,687 \n \n\n\n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n Six months ended June 30 \n 2025 2026 \n Revenues, net \n From third parties $ 170,117,861 $ 190,732,226 \n From related parties 10,656,942 7,572,880 \n 180,774,803 198,305,106 \n Cost of goods sold (130,942,258 ) (141,311,428 ) \n \n Gross profit 49,832,545 56,993,678 \n \n Operating expenses: \n Sales and distribution expenses (31,092,110 ) (36,967,422 ) \n General and administrative expenses (9,691,952 ) (10,327,858 ) \n Total operating expenses (40,784,062 ) (47,295,280 ) \n \n Income from operations 9,048,483 9,698,398 \n \n Other income (expense): \n Interest expense (730,372 ) (150,615 ) \n Interest income 16,246 19,193 \n Government subsidies 16,950 23,385 \n Foreign exchange gain (loss), net 4,293,633 (2,168,357 ) \n Net gain from related parties debt restructuring 1,460,543 - \n Professional fees on acquisition of HTL Marketing (1,261,560 ) - \n Scrap sofa sale income 223,263 165,621 \n Change in fair value of derivatives financial instruments (753,243 ) 74,765 \n Sundry income(expense) 39,404 148,095 \n Total other income (expense), net 3,304,864 (1,887,913 ) \n \n Income before income taxes 12,353,347 7,810,485 \n \n Income tax expense (2,329,272 ) (1,742,947 ) \n NET INCOME $ 10,024,075 $ 6,067,538 \n \n Other comprehensive income (loss): \n – Foreign currency translation adjustments 1,368,175 (404,529 ) \n \n COMPREHENSIVE INCOME $ 11,392,250 $ 5,663,009 \n \n Weighted average number of ordinary shares: \n Basic and diluted 89,687,500 89,687,500 \n \n EARNINGS PER SHARE – BASIC AND DILUTED $ 0.11 $ 0.07 \n \n\n\n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n Six months ended June 30, 2025 \n Retail Sales Export Sales Leather Trading Corporate and unallocated Total \n Revenues, net \n From third party $ 3,382,273 $ 166,459,189 $ 276,399 $ - $ 170,117,861 \n From related parties - 1,550,023 9,106,919 - 10,656,942 \n 3,382,273 168,009,212 9,383,318 - 180,774,803 \n Cost of goods sold (1,401,494 ) (120,526,294 ) (9,014,470 ) - (130,942,258 ) \n \n Gross profit 1,980,779 47,482,918 368,848 - 49,832,545 \n \n Operating expenses: \n Sales and distribution expenses (2,404,689 ) (28,634,760 ) (52,661 ) - (31,092,110 ) \n General and administrative expenses (906,968 ) (8,099,908 ) (3,025 ) (682,051 ) (9,691,952 ) \n Total operating expenses (3,311,657 ) (36,734,668 ) (55,686 ) (682,051 ) (40,784,062 ) \n \n Operating income (loss) (1,330,878 ) 10,748,250 313,162 (682,051 ) 9,048,483 \n \n Other income (expenses): \n Interest expense (125,183 ) (394,423 ) (210,766 ) - (730,372 ) \n Interest income 130 15,946 170 - 16,246 \n Government subsidies 12,238 4,712 - - 16,950 \n Foreign exchange gain (loss), net (9,647 ) 4,292,067 6,215 4,998 4,293,633 \n \n Net gain from related parties debt restructuring - - - 1,460,543 1,460,543 \n Professional fees on acquisition of HTL Marketing - (133,960 ) - (1,127,600 ) (1,261,560 ) \n Scrap sofa sale income - 223,263 - - 223,263 \n Sundry income (expense) 78,284 21,551 7 (60,438 ) 39,404 \n Change in fair value of derivatives financial instruments - (753,243 ) - - (753,243 ) \n Total other income (expenses), net (44,178 ) 3,275,913 (204,374 ) 277,503 3,304,864 \n \n Income (loss) before income taxes (1,375,056 ) 14,024,163 108,788 (404,548 ) 12,353,347 \n Income tax expense - (2,310,779 ) (18,493 ) - (2,329,272 ) \n \n Segment income (loss) $ (1,375,056 ) $ 11,713,384 $ 90,295 $ (404,548 ) $ 10,024,075 \n \n\n\n\n Six months ended June 30, 2026 \n Retail Sales Export Sales Leather Trading Corporate and unallocated Total \n Revenues, net \n From third party $ 5,313,821 $ 185,418,405 $ - $ - $ 190,732,226 \n From related parties - 874,947 6,697,933 - 7,572,880 \n 5,313,821 186,293,352 6,697,933 - 198,305,106 \n Cost of goods sold (1,876,931 ) (133,106,987 ) (6,327,510 ) - (141,311,428 ) \n \n Gross profit 3,436,890 53,186,365 370,423 - 56,993,678 \n \n Operating expenses: \n Sales and distribution expenses (3,385,506 ) (33,560,786 ) (21,130 ) - (36,967,422 ) \n General and administrative expenses (694,444 ) (8,432,743 ) (1,969 ) (1,198,702 ) (10,327,858 ) \n Total operating expenses (4,079,950 ) (41,993,529 ) (23,099 ) (1,198,702 ) (47,295,280 ) \n \n Operating income (loss) (643,060 ) 11,192,836 347,324 (1,198,702 ) 9,698,398 \n \n Other income (expenses): \n Interest expense - (40,734 ) (109,881 ) - (150,615 ) \n Interest income 465 18,421 307 - 19,193 \n Government subsidies 15,685 7,700 - - 23,385 \n Foreign exchange gain (loss), net (2,426 ) (2,319,989 ) 163,712 (9,654 ) (2,168,357 ) \n Scrap sofa sale income - 165,621 - - 165,621 \n Change in fair value of derivatives financial instruments - 74,765 - - 74,765 \n Sundry income (expense) 89,747 (208,528 ) - 266,876 148,095 \n Total other income (expenses), net 103,471 (2,302,744 ) 54,138 257,222 (1,887,913 ) \n \n Income (loss) before income taxes (539,589 ) 8,890,092 401,462 (941,480 ) 7,810,485 \n Income tax expense - (1,674,699 ) (68,248 ) - (1,742,947 ) \n \n Segment income (loss) $ (539,589 ) $ 7,215,393 $ 333,214 $ (941,480 ) $ 6,067,538 \n \n\n\n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n Six months ended June 30, \n 2025 2026 \n USD USD \n Net cash used in operating activities (11,241,457 ) (8,266,135 ) \n Net cash used in investing activities (557,755 ) (1,951,009 ) \n Net cash provided by financing activities 5,966,454 1,457,160 \n Effect on exchange rate change on cash and cash equivalents, and restricted cash 1,043,524 (299,544 ) \n Net change in cash and cash equivalents, and restricted cash (4,789,234 ) (9,059,528 ) \n BEGINNING OF PERIOD 24,860,621 27,276,091 \n END OF PERIOD 20,071,387 18,216,563 \n\n\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/8ed5224e-2821-4116-87b7-fdcb44f68e6e)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-30T12:00:03.665980244Z","server_sent_at_ms":1790769603665},"received_at":"2026-09-30T12:00:03.718Z","source_url":null},"analysis":{"id":"145323","press_release_id":"156637","analysis_json":{"industry":{"label":"Household Durables","sector":"Consumer Discretionary"},"redFlags":["net income down 39% YoY despite revenue growth, driven by FX swings","persistent negative operating cash flow (US$8.3M outflow), though improved 26% YoY","cash declined from US$27.3M to US$17.9M in six months","large related-party payables (US$63.7M) relative to equity of US$27.7M","SGX secondary listing remains unapproved and uncertain"],"eventType":"earnings","narrative":"HomesToLife reported 1H 2026 net revenue of US$198.3 million, up 10% year-over-year, driven by a US$18.3 million increase in export sales and 27% growth in North America.\n\nGross margin expanded 1.1 points to 28.7%, and operating income rose 7% to US$9.7 million, but net income fell 39% to US$6.1 million due to a US$2.2 million FX loss versus a US$4.3 million FX gain a year earlier; excluding FX, net income rose 22%.\n\nThe company reaffirmed FY2026 revenue guidance of US$400-420 million and said its proposed secondary listing on the SGX Main Board remains subject to regulatory approval.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Revenue and margin growth intact but FX swings halve reported net income -- core earnings up 22% ex-FX with FY guidance reaffirmed."},"keyFigures":{"eps":0.07,"revenue":198305106,"guidance":"FY2026 revenue of US$400 million to US$420 million reaffirmed","revenueYoy":"10%","customDimensions":{"cash":17941401,"fx_loss":2168357,"net_income":6067538,"gross_margin":"28.7%","gross_profit":56993678,"net_income_yoy":"-39%","operating_income":9698398}},"quotedText":"The first half of 2026 demonstrated the strength of our business fundamentals and the benefits of our diversified global strategy","namedEntities":{"people":[{"name":"Ms. Phua Mei Ming","role":"CEO"},{"name":"Angela Hui","role":"Investor Relations, Edelman Smithfield"}],"products":[],"companies":[{"name":"HomesToLife Ltd","ticker":"HTLM"},{"name":"HTL Marketing Pte. Ltd.","relationship":"subsidiary"},{"name":"Edelman Smithfield","relationship":"investor relations agency"},{"name":"Singapore Exchange Securities Trading Limited (SGX-ST)","relationship":"secondary listing venue (proposed)"}],"dollarAmounts":[{"amount":"US$198.3 million","context":"1H 2026 net revenue"},{"amount":"US$57.0 million","context":"1H 2026 gross profit"},{"amount":"US$9.7 million","context":"1H 2026 income from operations"},{"amount":"US$6.1 million","context":"1H 2026 net income"},{"amount":"US$2.2 million","context":"1H 2026 net foreign exchange loss"},{"amount":"US$17.9 million","context":"cash and cash equivalents as of June 30, 2026"},{"amount":"US$5.8 million","context":"dividend payments during the period"},{"amount":"US$400 million to US$420 million","context":"FY2026 revenue guidance"}]},"materialImpact":{"score":3,"reasoning":"Half-year results with 10% revenue growth, gross margin expansion, and reaffirmed FY guidance, but net income fell 39% on FX losses. Core operations improved ex-FX (+22%), making this a genuinely mixed print."},"tickerRelevance":{"others":[],"primary":"HTLM"},"globalImportance":22,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"half-year earnings with mixed results","householdBrandBoost":0,"retailFavoriteBoost":0}},"event_type":"earnings","event_type_secondary":null,"sentiment":"mixed","material_impact_score":3,"narrative":"HomesToLife reported 1H 2026 net revenue of US$198.3 million, up 10% year-over-year, driven by a US$18.3 million increase in export sales and 27% growth in North America.\n\nGross margin expanded 1.1 points to 28.7%, and operating income rose 7% to US$9.7 million, but net income fell 39% to US$6.1 million due to a US$2.2 million FX loss versus a US$4.3 million FX gain a year earlier; excluding FX, net income rose 22%.\n\nThe company reaffirmed FY2026 revenue guidance of US$400-420 million and said its proposed secondary listing on the SGX Main Board remains subject to regulatory approval.","key_figures":{"eps":0.07,"revenue":198305106,"guidance":"FY2026 revenue of US$400 million to US$420 million reaffirmed","revenueYoy":"10%","customDimensions":{"cash":17941401,"fx_loss":2168357,"net_income":6067538,"gross_margin":"28.7%","gross_profit":56993678,"net_income_yoy":"-39%","operating_income":9698398}},"named_entities":{"people":[{"name":"Ms. Phua Mei Ming","role":"CEO"},{"name":"Angela Hui","role":"Investor Relations, Edelman Smithfield"}],"products":[],"companies":[{"name":"HomesToLife Ltd","ticker":"HTLM"},{"name":"HTL Marketing Pte. Ltd.","relationship":"subsidiary"},{"name":"Edelman Smithfield","relationship":"investor relations agency"},{"name":"Singapore Exchange Securities Trading Limited (SGX-ST)","relationship":"secondary listing venue (proposed)"}],"dollarAmounts":[{"amount":"US$198.3 million","context":"1H 2026 net revenue"},{"amount":"US$57.0 million","context":"1H 2026 gross profit"},{"amount":"US$9.7 million","context":"1H 2026 income from operations"},{"amount":"US$6.1 million","context":"1H 2026 net income"},{"amount":"US$2.2 million","context":"1H 2026 net foreign exchange loss"},{"amount":"US$17.9 million","context":"cash and cash equivalents as of June 30, 2026"},{"amount":"US$5.8 million","context":"dividend payments during the period"},{"amount":"US$400 million to US$420 million","context":"FY2026 revenue guidance"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T12:00:31.049Z","global_importance":22,"audience_relevance":12,"importance_components":{"tickerTier":"small-cap","eventGravity":"half-year earnings with mixed results","householdBrandBoost":0,"retailFavoriteBoost":0}},"durationMs":7660,"modelName":"glm-5.3-flashx"}}