{"success":true,"data":{"pressRelease":{"id":"49261","rtpr_id":"nGNXTgW1v","ticker":"HTLM","exchange":"NASDAQ","all_tickers":["HTLM"],"title":"HomesToLife Delivers 36% Increase in Q1 2026 Net Profit to $3.2 Million on Export Growth and Stronger Margins","author":"Globe Newswire","published_at":"2026-05-29T12:00:01.634Z","article_body":"SINGAPORE, May 29, 2026 (GLOBE NEWSWIRE) -- HomesToLife Ltd (Nasdaq: HTLM)\n(“HomesToLife” or the “Company”), a Singapore-based home furniture\ncompany with sales across Asia-Pacific, Europe and North America, today\nannounced its unaudited financial results for the quarter ended March 31, 2026\n(“Q1 2026”).\n\n Key Financial Highlights \n \n Q1 2025 Q1 2026 Change \n US$’000 US$’000 (%) \n Net revenue 79,486 92,530 16 % \n Export 74,488 87,132 17 % \n Retail 1,442 2,484 72 % \n Leather 3,556 2,914 (18 )% \n By geographical 79,486 92,530 16 % \n Asia Pacific 23,030 22,666 (2 )% \n Europe 45,790 57,731 26 % \n North America 10,666 12,133 14 % \n Gross profit 20,056 26,859 34 % \n Gross margin (%) 25.2 % 29.0 % 3.8 pp \n Operating expenses 17,938 22,009 23 % \n Selling expenses 13,190 17,376 32 % \n General and Administrative 4,412 4,356 (1 )% \n Listing expenses 336 277 (18 )% \n Income from operations 2,117 4,850 129 % \n Net income 2,381 3,243 36 % \n \n Earnings per share (Basic and diluted) 0.027 0.036 36 % \n \n\nFinancial results for the quarter ended March 31, 2025 (“Q1 2025”) and Q1\n2026, 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\nQ1 2026 Performance\n\nThe Company reported net revenue of $92.5 million in Q1 2026, a 16% increase\nfrom $79.5 million in Q1 2025. Growth was primarily driven by a $12.6 million\nincrease in export sales. By region, the net revenue from Europe and North\nAmerica increased by 26% and 14% respectively, partially offset by a slight\ndecline of 2% in Asia Pacific. Retail sales contributed the increase of $1.0\nmillion in Q1 2026, attributable to the expansion of the retail stores and\nretail sales growth in Korea.\n\nGross profit rose 34% to $26.9 million, with gross margin expanding 3.8\npercentage points to 29.0%, supported by a more favourable sales mix.\nOperating expenses increased by $4.1 million mainly due to higher selling\nexpenses in line with increased sales volume, as well as rising shipping and\ntrucking costs.\n\nIncome from operations increased by 129% from $2.1 million in Q1 2025 to $4.9\nmillion in Q1 2026. The Company recorded a foreign exchange loss of $1.0\nmillion in Q1 2026, compared to a gain of $1.2 million in Q1 2025, primarily\ndue the strengthening of the Chinese Renminbi against the US Dollar.\n\nNet income rose 36% from Q1 2025 to $3.2 million in Q1 2026, with earnings per\nshare at $0.036 in Q1 2026.\n\nFinancial Position\n\nCash flow from operating activities improved to an inflow of $2.0 million in\nQ1 2026, compared to an outflow of $1.1 million in the same period last year.\nNet cash used in investing and financing activities amounted to $0.01 million\nand $2.4 million, respectively.\n\nAs of March 31, 2026, the Company maintained a strong liquidity position, with\ncash and cash equivalents of $26.6 million and total short-term borrowings of\n$3.7 million.\n\nOutlook\n\nHomesToLife expects to remain well supported by its strong balance sheet and\nplans to continue to exercise disciplined capital allocation to ensure it is\nwell positioned to capture future growth opportunities.\n\nThe Company projects FY2026 revenue to be in the range of $400 million to $420\nmillion, underpinned by sustained strength in the export market, barring\nunforeseen circumstances.    \n\nThe Company intends to continue to monitor geopolitical developments in the\nMiddle East. While there has been no material impact on the Company’s\nfinancial performance, the Company expects to remain attentive to potential\nsecondary effects, including volatility in global energy prices, supply chain\ndisruptions, and fluctuations in raw material costs and currency markets. The\nCompany’s guidance reflects current market conditions, and the Company plans\nto provide updates as appropriate should conditions evolve.\n\n“Our strong performance despite ongoing geopolitical developments reflects\nthe resilience of our business and the benefits of our geographically\ndiversified operations,” said Ms. Phua Mei Ming, Chief Executive Officer of\nHomesToLife. “We will remain vigilant in observing ongoing developments and\nrespond with agility, while continuing to pursue new growth opportunities and\ndeepen presence in our key markets.” \n\nAbout HomesToLife Ltd (Nasdaq: HTLM)\n\nHomesToLife Ltd is a global furniture company with three core divisions: (i)\nconsumer retail division with direct operations in Singapore and Korea, (ii)\nexport division for supplying furniture to retail partners worldwide, and\n(iii) leather trading division.\n\nLeveraging more than 50 years of heritage built by its founders, HTLM combines\nretail, distribution and sourcing, supported by a diversified manufacturing\nnetwork across China, Vietnam and India.\n\nIn May 2025, HTLM strengthened its design, product development and\nmerchandising function through the acquisition of HTL Marketing.\n\nHTLM is fast expanding across Europe, Asia-Pacific, and North America,\nleveraging long-standing supplier partnerships and a global presence to\ndeliver scale, efficiency, and resilience.\n\nFORWARD-LOOKING STATEMENTS\n\nCertain statements in this press release are forward-looking statements. These\nforward-looking statements involve known and unknown risks and uncertainties\nand are based on the Company’s current expectations and projections about\nfuture events that the Company believes may affect financial condition,\nresults of operations, business strategy and financial needs of the Company\nand its subsidiaries. Forward-looking statements can be identified by the\nwords such as “approximates,” “believes,” “hopes,” “expects,”\n“anticipates,” “estimates,” “projects,” “intends,”\n“plans,” “will,” “would,” “should,” “could,” “may” or\nother similar expressions in this press release. The Company undertakes no\nobligation to update or revise publicly any forward-looking statements to\nreflect subsequent occurring events or circumstances, or changes in its\nexpectations, except as may be required by law. Although the Company believes\nthat the expectations expressed in these forward-looking statements are\nreasonable, it cannot assure you that such expectations will turn out to be\ncorrect, and the Company cautions investors that actual results may differ\nmaterially from the anticipated results and encourages investors to review\nother factors that may affect its future results in the Company’s\nregistration statement and other filings with the SEC.\n\nContacts\n\nHomesToLife Ltd Contact:\n\n6 Raffles Boulevard, #02-01/02\nMarina Square, Singapore 039594\nEmail: Investor@homestolife.com\n\nInvestor Relations Inquiries:\n\nEdelman Smithfield\nJass Lim\nEnya Rodrigues\nHomesToLife@edelmansmithfield.com\n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n UNAUDITED CONDENSED CONSOLIDATED AND COMBINED BALANCE SHEETS \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n As of \n December 31, 2025 March 31, 2026 \n ASSETS 　 　 \n Current assets: \n Cash and cash equivalents $ 27,276,091 $ 26,630,923 \n Accounts receivables, net (including receivable from related parties of $5,763,509 and nil as of December 31, 2025 and March 31, 2026, respectively) 76,010,709 65,017,746 \n Inventories, net 9,599,490 10,860,302 \n Amounts due from related parties 7,026,092 3,324,798 \n Deposit, prepayments and other receivables 5,853,470 9,432,921 \n Total current assets 125,765,852 115,266,690 \n \n Non-current assets: \n Property, plant and equipment, net 4,354,206 4,161,787 \n Right-of-use assets, net 7,363,312 7,173,460 \n Investments in equity securities - 1,000,000 \n Other non-current assets 1,000,000 - \n Deferred tax asset, net 673,416 683,542 \n Total non-current assets 13,390,934 13,018,789 \n \n TOTAL ASSETS $ 139,156,786 $ 128,285,479 \n \n LIABILITIES AND SHAREHOLDERS’ EQUITY \n Current liabilities: \n Accounts payable $ 4,475,242 $ 3,811,953 \n Accounts payable, related parties 74,890,989 65,541,579 \n Customer deposits 1,195,989 1,397,090 \n Accrued liabilities and other payables 6,065,126 8,325,239 \n Short-term borrowings 10,389,094 3,666,845 \n Lease liabilities, current 1,924,657 2,180,557 \n Warranty liabilities 2,188,814 2,046,420 \n Derivatives financial instruments 74,765 44,250 \n Income tax payable 4,156,085 4,967,603 \n Total current liabilities 105,360,761 91,981,536 \n \n Long-term liabilities: \n Provision for reinstatement cost 382,112 376,996 \n Lease liabilities 5,572,603 5,124,982 \n Total long-term liabilities 5,954,715 5,501,978 \n \n TOTAL LIABILITIES 111,315,476 97,483,514 \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 March 31, 2026 8,969 8,969 \n Additional paid-in capital 37,179,424 37,179,424 \n Accumulated other comprehensive loss (12,111,193 ) (12,393,912 ) \n Retained earnings 2,764,110 6,007,484 \n Total shareholders’ equity 27,841,310 30,801,965 \n \n TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 139,156,786 $ 128,285,479 \n\n  \n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n UNAUDITED CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n For the three months ended March 31, \n 2025 2026 \n \n Revenues, net $ 79,486,220 $ 92,530,240 \n From third parties 75,072,914 89,278,472 \n From related parties 4,413,306 3,251,768 \n Cost of goods sold (59,430,588 ) (65,671,202 ) \n \n Gross profit 20,055,632 26,859,038 \n \n Operating expenses: \n Sales and distribution expenses (13,190,446 ) (17,375,828 ) \n General and administrative expenses (4,411,766 ) (4,355,608 ) \n Listing expenses (336,180 ) (277,068 ) \n Total operating expenses (17,938,392 ) (22,008,504 ) \n \n Income from operations 2,117,240 4,850,534 \n \n Other income (expense): \n Interest expense (277,998 ) (140,628 ) \n Interest income 14,091 14,092 \n Government subsidies 15,114 15,530 \n Foreign exchange gain (loss), net 1,217,045 (992,186 ) \n Scrap sofa sale income 110,727 94,747 \n Change in fair value of derivatives financial instruments (434,696 ) 30,515 \n Sundry income 285,199 251,380 \n Total other income (expense), net 929,482 (726,550 ) \n \n Income before income taxes 3,046,722 4,123,984 \n \n Income tax expense (666,002 ) (880,610 ) \n \n NET INCOME $ 2,380,720 $ 3,243,374 \n \n Other comprehensive income (loss): \n – Foreign currency translation adjustments 775,466 (282,719 ) \n \n COMPREHENSIVE INCOME $ 3,156,186 $ 2,960,655 \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 $ 0.027 $ 0.036 \n \n\n* The share amounts and per share data are presented on a retroactive basis,\nto reflect the effect of the completion of the acquisition of HTL Marketing on\nMay 19, 2025, which is accounted for as a common control acquisition. \n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n UNAUDITED CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME – SEGMENT REPORTING \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n For the three months ended March 31, 2025 \n Retails Sales Export Sales Leather Trading Corporate and unallocated Total \n Revenues, net \n From third party $ 1,442,092 $ 73,513,401 $ 117,421 $ - $ 75,072,914 \n From related parties - 974,935 3,438,371 - 4,413,306 \n 1,442,092 74,488,336 3,555,792 - 79,486,220 \n Cost of goods sold (584,869 ) (55,407,245 ) (3,438,474 ) - (59,430,588 ) \n 　 　 　 　 \n Gross profit 857,223 19,081,091 117,318 - 20,055,632 \n \n Operating expenses: \n Sales and distribution expenses (753,948 ) (12,391,007 ) (45,491 ) - (13,190,446 ) \n General and administrative expenses (427,893 ) (3,973,333 ) (1,502 ) (9,038 ) (4,411,766 ) \n Listing expenses - - - (336,180 ) (336,180 ) \n Total operating expenses (1,181,841 ) (16,364,340 ) (46,993 ) (345,218 ) (17,938,392 ) \n \n Operating (loss) income (324,618 ) 2,716,751 70,325 (345,218 ) 2,117,240 \n \n Other income (expenses): \n Interest expense (61,306 ) (139,674 ) (77,018 ) - (277,998 ) \n Interest income 56 13,983 52 - 14,091 \n Government subsidies 10,464 4,650 - - 15,114 \n Foreign exchange (loss) gain, net (2,389 ) 1,212,673 6,031 730 1,217,045 \n Scrap sofa sale income - 110,727 - - 110,727 \n Change in fair value of derivatives financial instruments - (434,696 ) - - (434,696 ) \n Sundry income (expense) 277 (611 ) 7 285,526 285,199 \n Total other income (expenses), net (52,898 ) 767,052 (70,928 ) 286,256 929,482 \n \n Income (loss) before income taxes (377,516 ) 3,483,803 (603 ) (58,962 ) 3,046,722 \n Income tax expense - (666,105 ) 103 - (666,002 ) \n \n Segment income (loss) $ (377,516 ) $ 2,817,698 $ (500 ) $ (58,962 ) $ 2,380,720 \n\n  \n\n For the three months ended March 31, 2026 \n Retails Sales Export Sales Leather Trading Corporate and unallocated Total \n Revenues, net \n From third party $ 2,483,924 $ 86,794,548 $ - $ - $ 89,278,472 \n From related parties - 338,099 2,913,669 - 3,251,768 \n 2,483,924 87,132,647 2,913,669 - 92,530,240 \n Cost of goods sold (879,645 ) (62,072,983 ) (2,718,574 ) - (65,671,202 ) \n \n Gross profit 1,604,279 25,059,664 195,095 - 26,859,038 \n \n Operating expenses: \n Sales and distribution expenses (1,679,658 ) (15,688,646 ) (7,524 ) - (17,375,828 ) \n General and administrative expenses (280,996 ) (4,045,643 ) (1,049 ) (27,920 ) (4,355,608 ) \n Listing expenses - - - (277,068 ) (277,068 ) \n Total operating expenses (1,960,654 ) (19,734,289 ) (8,573 ) (304,988 ) (22,008,504 ) \n \n Operating income (loss) (356,375 ) 5,325,375 186,522 (304,988 ) 4,850,534 \n \n Other income (expenses): \n Interest expense (78,034 ) (17,092 ) (45,502 ) - (140,628 ) \n Interest income 263 13,658 171 - 14,092 \n Government subsidies 12,480 3,050 - - 15,530 \n Foreign exchange gain (loss), net 4,299 (1,123,612 ) 127,041 86 (992,186 ) \n Scrap sofa sale income - 94,747 - - 94,747 \n Change in fair value of derivatives financial instruments - 30,515 - - 30,515 \n Sundry income (expense) (1,083 ) (14,413 ) - 266,876 251,380 \n Total other income (expenses), net (62,075 ) (1,013,147 ) 81,710 266,962 (726,550 ) \n \n Income (loss) before income taxes (418,450 ) 4,312,228 268,232 (38,026 ) 4,123,984 \n Income tax expense - (835,011 ) (45,599 ) - (880,610 ) \n \n Segment income (loss) $ (418,450 ) $ 3,477,217 $ 222,633 $ (38,026 ) $ 3,243,374 \n\n\n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n UNAUDITED CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n Three months ended March 31, \n 2025 2026 \n \n Net cash provided by /(used in) operating activities $ (1,078,832 ) $ 2,009,352 \n Net cash used in investing activities (349,807 ) (13,288 ) \n Net cash used in financing activities (191,596 ) (2,420,955 ) \n Effect on exchange rate change on cash and cash equivalents 557,598 (220,277 ) \n (1,062,637 ) (645,168 ) \n BEGINNING OF PERIOD 24,860,621 27,276,091 \n \n END OF PERIOD $ 23,797,984 $ 26,630,923 \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":"nGNXTgW1v","title":"HomesToLife Delivers 36% Increase in Q1 2026 Net Profit to $3.2 Million on Export Growth and Stronger Margins","author":"Globe Newswire","ticker":"HTLM","created":"2026-05-29T12:00:01.634Z","tickers":["HTLM"],"exchange":"NASDAQ","article_body":"SINGAPORE, May 29, 2026 (GLOBE NEWSWIRE) -- HomesToLife Ltd (Nasdaq: HTLM)\n(“HomesToLife” or the “Company”), a Singapore-based home furniture\ncompany with sales across Asia-Pacific, Europe and North America, today\nannounced its unaudited financial results for the quarter ended March 31, 2026\n(“Q1 2026”).\n\n Key Financial Highlights \n \n Q1 2025 Q1 2026 Change \n US$’000 US$’000 (%) \n Net revenue 79,486 92,530 16 % \n Export 74,488 87,132 17 % \n Retail 1,442 2,484 72 % \n Leather 3,556 2,914 (18 )% \n By geographical 79,486 92,530 16 % \n Asia Pacific 23,030 22,666 (2 )% \n Europe 45,790 57,731 26 % \n North America 10,666 12,133 14 % \n Gross profit 20,056 26,859 34 % \n Gross margin (%) 25.2 % 29.0 % 3.8 pp \n Operating expenses 17,938 22,009 23 % \n Selling expenses 13,190 17,376 32 % \n General and Administrative 4,412 4,356 (1 )% \n Listing expenses 336 277 (18 )% \n Income from operations 2,117 4,850 129 % \n Net income 2,381 3,243 36 % \n \n Earnings per share (Basic and diluted) 0.027 0.036 36 % \n \n\nFinancial results for the quarter ended March 31, 2025 (“Q1 2025”) and Q1\n2026, 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\nQ1 2026 Performance\n\nThe Company reported net revenue of $92.5 million in Q1 2026, a 16% increase\nfrom $79.5 million in Q1 2025. Growth was primarily driven by a $12.6 million\nincrease in export sales. By region, the net revenue from Europe and North\nAmerica increased by 26% and 14% respectively, partially offset by a slight\ndecline of 2% in Asia Pacific. Retail sales contributed the increase of $1.0\nmillion in Q1 2026, attributable to the expansion of the retail stores and\nretail sales growth in Korea.\n\nGross profit rose 34% to $26.9 million, with gross margin expanding 3.8\npercentage points to 29.0%, supported by a more favourable sales mix.\nOperating expenses increased by $4.1 million mainly due to higher selling\nexpenses in line with increased sales volume, as well as rising shipping and\ntrucking costs.\n\nIncome from operations increased by 129% from $2.1 million in Q1 2025 to $4.9\nmillion in Q1 2026. The Company recorded a foreign exchange loss of $1.0\nmillion in Q1 2026, compared to a gain of $1.2 million in Q1 2025, primarily\ndue the strengthening of the Chinese Renminbi against the US Dollar.\n\nNet income rose 36% from Q1 2025 to $3.2 million in Q1 2026, with earnings per\nshare at $0.036 in Q1 2026.\n\nFinancial Position\n\nCash flow from operating activities improved to an inflow of $2.0 million in\nQ1 2026, compared to an outflow of $1.1 million in the same period last year.\nNet cash used in investing and financing activities amounted to $0.01 million\nand $2.4 million, respectively.\n\nAs of March 31, 2026, the Company maintained a strong liquidity position, with\ncash and cash equivalents of $26.6 million and total short-term borrowings of\n$3.7 million.\n\nOutlook\n\nHomesToLife expects to remain well supported by its strong balance sheet and\nplans to continue to exercise disciplined capital allocation to ensure it is\nwell positioned to capture future growth opportunities.\n\nThe Company projects FY2026 revenue to be in the range of $400 million to $420\nmillion, underpinned by sustained strength in the export market, barring\nunforeseen circumstances.    \n\nThe Company intends to continue to monitor geopolitical developments in the\nMiddle East. While there has been no material impact on the Company’s\nfinancial performance, the Company expects to remain attentive to potential\nsecondary effects, including volatility in global energy prices, supply chain\ndisruptions, and fluctuations in raw material costs and currency markets. The\nCompany’s guidance reflects current market conditions, and the Company plans\nto provide updates as appropriate should conditions evolve.\n\n“Our strong performance despite ongoing geopolitical developments reflects\nthe resilience of our business and the benefits of our geographically\ndiversified operations,” said Ms. Phua Mei Ming, Chief Executive Officer of\nHomesToLife. “We will remain vigilant in observing ongoing developments and\nrespond with agility, while continuing to pursue new growth opportunities and\ndeepen presence in our key markets.” \n\nAbout HomesToLife Ltd (Nasdaq: HTLM)\n\nHomesToLife Ltd is a global furniture company with three core divisions: (i)\nconsumer retail division with direct operations in Singapore and Korea, (ii)\nexport division for supplying furniture to retail partners worldwide, and\n(iii) leather trading division.\n\nLeveraging more than 50 years of heritage built by its founders, HTLM combines\nretail, distribution and sourcing, supported by a diversified manufacturing\nnetwork across China, Vietnam and India.\n\nIn May 2025, HTLM strengthened its design, product development and\nmerchandising function through the acquisition of HTL Marketing.\n\nHTLM is fast expanding across Europe, Asia-Pacific, and North America,\nleveraging long-standing supplier partnerships and a global presence to\ndeliver scale, efficiency, and resilience.\n\nFORWARD-LOOKING STATEMENTS\n\nCertain statements in this press release are forward-looking statements. These\nforward-looking statements involve known and unknown risks and uncertainties\nand are based on the Company’s current expectations and projections about\nfuture events that the Company believes may affect financial condition,\nresults of operations, business strategy and financial needs of the Company\nand its subsidiaries. Forward-looking statements can be identified by the\nwords such as “approximates,” “believes,” “hopes,” “expects,”\n“anticipates,” “estimates,” “projects,” “intends,”\n“plans,” “will,” “would,” “should,” “could,” “may” or\nother similar expressions in this press release. The Company undertakes no\nobligation to update or revise publicly any forward-looking statements to\nreflect subsequent occurring events or circumstances, or changes in its\nexpectations, except as may be required by law. Although the Company believes\nthat the expectations expressed in these forward-looking statements are\nreasonable, it cannot assure you that such expectations will turn out to be\ncorrect, and the Company cautions investors that actual results may differ\nmaterially from the anticipated results and encourages investors to review\nother factors that may affect its future results in the Company’s\nregistration statement and other filings with the SEC.\n\nContacts\n\nHomesToLife Ltd Contact:\n\n6 Raffles Boulevard, #02-01/02\nMarina Square, Singapore 039594\nEmail: Investor@homestolife.com\n\nInvestor Relations Inquiries:\n\nEdelman Smithfield\nJass Lim\nEnya Rodrigues\nHomesToLife@edelmansmithfield.com\n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n UNAUDITED CONDENSED CONSOLIDATED AND COMBINED BALANCE SHEETS \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n As of \n December 31, 2025 March 31, 2026 \n ASSETS 　 　 \n Current assets: \n Cash and cash equivalents $ 27,276,091 $ 26,630,923 \n Accounts receivables, net (including receivable from related parties of $5,763,509 and nil as of December 31, 2025 and March 31, 2026, respectively) 76,010,709 65,017,746 \n Inventories, net 9,599,490 10,860,302 \n Amounts due from related parties 7,026,092 3,324,798 \n Deposit, prepayments and other receivables 5,853,470 9,432,921 \n Total current assets 125,765,852 115,266,690 \n \n Non-current assets: \n Property, plant and equipment, net 4,354,206 4,161,787 \n Right-of-use assets, net 7,363,312 7,173,460 \n Investments in equity securities - 1,000,000 \n Other non-current assets 1,000,000 - \n Deferred tax asset, net 673,416 683,542 \n Total non-current assets 13,390,934 13,018,789 \n \n TOTAL ASSETS $ 139,156,786 $ 128,285,479 \n \n LIABILITIES AND SHAREHOLDERS’ EQUITY \n Current liabilities: \n Accounts payable $ 4,475,242 $ 3,811,953 \n Accounts payable, related parties 74,890,989 65,541,579 \n Customer deposits 1,195,989 1,397,090 \n Accrued liabilities and other payables 6,065,126 8,325,239 \n Short-term borrowings 10,389,094 3,666,845 \n Lease liabilities, current 1,924,657 2,180,557 \n Warranty liabilities 2,188,814 2,046,420 \n Derivatives financial instruments 74,765 44,250 \n Income tax payable 4,156,085 4,967,603 \n Total current liabilities 105,360,761 91,981,536 \n \n Long-term liabilities: \n Provision for reinstatement cost 382,112 376,996 \n Lease liabilities 5,572,603 5,124,982 \n Total long-term liabilities 5,954,715 5,501,978 \n \n TOTAL LIABILITIES 111,315,476 97,483,514 \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 March 31, 2026 8,969 8,969 \n Additional paid-in capital 37,179,424 37,179,424 \n Accumulated other comprehensive loss (12,111,193 ) (12,393,912 ) \n Retained earnings 2,764,110 6,007,484 \n Total shareholders’ equity 27,841,310 30,801,965 \n \n TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 139,156,786 $ 128,285,479 \n\n  \n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n UNAUDITED CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n For the three months ended March 31, \n 2025 2026 \n \n Revenues, net $ 79,486,220 $ 92,530,240 \n From third parties 75,072,914 89,278,472 \n From related parties 4,413,306 3,251,768 \n Cost of goods sold (59,430,588 ) (65,671,202 ) \n \n Gross profit 20,055,632 26,859,038 \n \n Operating expenses: \n Sales and distribution expenses (13,190,446 ) (17,375,828 ) \n General and administrative expenses (4,411,766 ) (4,355,608 ) \n Listing expenses (336,180 ) (277,068 ) \n Total operating expenses (17,938,392 ) (22,008,504 ) \n \n Income from operations 2,117,240 4,850,534 \n \n Other income (expense): \n Interest expense (277,998 ) (140,628 ) \n Interest income 14,091 14,092 \n Government subsidies 15,114 15,530 \n Foreign exchange gain (loss), net 1,217,045 (992,186 ) \n Scrap sofa sale income 110,727 94,747 \n Change in fair value of derivatives financial instruments (434,696 ) 30,515 \n Sundry income 285,199 251,380 \n Total other income (expense), net 929,482 (726,550 ) \n \n Income before income taxes 3,046,722 4,123,984 \n \n Income tax expense (666,002 ) (880,610 ) \n \n NET INCOME $ 2,380,720 $ 3,243,374 \n \n Other comprehensive income (loss): \n – Foreign currency translation adjustments 775,466 (282,719 ) \n \n COMPREHENSIVE INCOME $ 3,156,186 $ 2,960,655 \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 $ 0.027 $ 0.036 \n \n\n* The share amounts and per share data are presented on a retroactive basis,\nto reflect the effect of the completion of the acquisition of HTL Marketing on\nMay 19, 2025, which is accounted for as a common control acquisition. \n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n UNAUDITED CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME – SEGMENT REPORTING \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n For the three months ended March 31, 2025 \n Retails Sales Export Sales Leather Trading Corporate and unallocated Total \n Revenues, net \n From third party $ 1,442,092 $ 73,513,401 $ 117,421 $ - $ 75,072,914 \n From related parties - 974,935 3,438,371 - 4,413,306 \n 1,442,092 74,488,336 3,555,792 - 79,486,220 \n Cost of goods sold (584,869 ) (55,407,245 ) (3,438,474 ) - (59,430,588 ) \n 　 　 　 　 \n Gross profit 857,223 19,081,091 117,318 - 20,055,632 \n \n Operating expenses: \n Sales and distribution expenses (753,948 ) (12,391,007 ) (45,491 ) - (13,190,446 ) \n General and administrative expenses (427,893 ) (3,973,333 ) (1,502 ) (9,038 ) (4,411,766 ) \n Listing expenses - - - (336,180 ) (336,180 ) \n Total operating expenses (1,181,841 ) (16,364,340 ) (46,993 ) (345,218 ) (17,938,392 ) \n \n Operating (loss) income (324,618 ) 2,716,751 70,325 (345,218 ) 2,117,240 \n \n Other income (expenses): \n Interest expense (61,306 ) (139,674 ) (77,018 ) - (277,998 ) \n Interest income 56 13,983 52 - 14,091 \n Government subsidies 10,464 4,650 - - 15,114 \n Foreign exchange (loss) gain, net (2,389 ) 1,212,673 6,031 730 1,217,045 \n Scrap sofa sale income - 110,727 - - 110,727 \n Change in fair value of derivatives financial instruments - (434,696 ) - - (434,696 ) \n Sundry income (expense) 277 (611 ) 7 285,526 285,199 \n Total other income (expenses), net (52,898 ) 767,052 (70,928 ) 286,256 929,482 \n \n Income (loss) before income taxes (377,516 ) 3,483,803 (603 ) (58,962 ) 3,046,722 \n Income tax expense - (666,105 ) 103 - (666,002 ) \n \n Segment income (loss) $ (377,516 ) $ 2,817,698 $ (500 ) $ (58,962 ) $ 2,380,720 \n\n  \n\n For the three months ended March 31, 2026 \n Retails Sales Export Sales Leather Trading Corporate and unallocated Total \n Revenues, net \n From third party $ 2,483,924 $ 86,794,548 $ - $ - $ 89,278,472 \n From related parties - 338,099 2,913,669 - 3,251,768 \n 2,483,924 87,132,647 2,913,669 - 92,530,240 \n Cost of goods sold (879,645 ) (62,072,983 ) (2,718,574 ) - (65,671,202 ) \n \n Gross profit 1,604,279 25,059,664 195,095 - 26,859,038 \n \n Operating expenses: \n Sales and distribution expenses (1,679,658 ) (15,688,646 ) (7,524 ) - (17,375,828 ) \n General and administrative expenses (280,996 ) (4,045,643 ) (1,049 ) (27,920 ) (4,355,608 ) \n Listing expenses - - - (277,068 ) (277,068 ) \n Total operating expenses (1,960,654 ) (19,734,289 ) (8,573 ) (304,988 ) (22,008,504 ) \n \n Operating income (loss) (356,375 ) 5,325,375 186,522 (304,988 ) 4,850,534 \n \n Other income (expenses): \n Interest expense (78,034 ) (17,092 ) (45,502 ) - (140,628 ) \n Interest income 263 13,658 171 - 14,092 \n Government subsidies 12,480 3,050 - - 15,530 \n Foreign exchange gain (loss), net 4,299 (1,123,612 ) 127,041 86 (992,186 ) \n Scrap sofa sale income - 94,747 - - 94,747 \n Change in fair value of derivatives financial instruments - 30,515 - - 30,515 \n Sundry income (expense) (1,083 ) (14,413 ) - 266,876 251,380 \n Total other income (expenses), net (62,075 ) (1,013,147 ) 81,710 266,962 (726,550 ) \n \n Income (loss) before income taxes (418,450 ) 4,312,228 268,232 (38,026 ) 4,123,984 \n Income tax expense - (835,011 ) (45,599 ) - (880,610 ) \n \n Segment income (loss) $ (418,450 ) $ 3,477,217 $ 222,633 $ (38,026 ) $ 3,243,374 \n\n\n\n HOMESTOLIFE LTD AND SUBSIDIARIES \n UNAUDITED CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS \n (Currency expressed in United States Dollars (“US$”), except for number of shares) \n \n Three months ended March 31, \n 2025 2026 \n \n Net cash provided by /(used in) operating activities $ (1,078,832 ) $ 2,009,352 \n Net cash used in investing activities (349,807 ) (13,288 ) \n Net cash used in financing activities (191,596 ) (2,420,955 ) \n Effect on exchange rate change on cash and cash equivalents 557,598 (220,277 ) \n (1,062,637 ) (645,168 ) \n BEGINNING OF PERIOD 24,860,621 27,276,091 \n \n END OF PERIOD $ 23,797,984 $ 26,630,923 \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/8ed5224e-2821-4116-87b7-fdcb44f68e6e)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-29T12:00:01.712207882Z","server_sent_at_ms":1780056001712},"received_at":"2026-05-29T12:00:02.127Z","source_url":null},"analysis":{"id":"38696","press_release_id":"49261","analysis_json":{"industry":{"label":"Home Furnishings","sector":"Consumer Discretionary"},"redFlags":["Retail segment reported an operating loss of $356k in Q1 2026, widening from a $325k loss in Q1 2025","Foreign exchange loss of $1.0 million in Q1 2026 vs gain of $1.2 million in prior year due to RMB strengthening"],"eventType":"earnings","narrative":"HomesToLife reported Q1 2026 net revenue of $92.5 million, a 16% increase year-over-year, driven primarily by a $12.6 million surge in export sales.\n\nNet income rose 36% to $3.2 million, with earnings per share reaching $0.036, supported by gross margin expansion to 29.0% from 25.2%.\n\nThe company provided full-year 2026 revenue guidance of $400 million to $420 million, citing sustained strength in the export market and a strong balance sheet with $26.6 million in cash.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"HomesToLife beats on revenue and profit with expanding margins; provides full-year guidance anchored by export strength."},"keyFigures":{"eps":0.036,"revenue":92530240,"guidance":"FY2026 revenue $400 million to $420 million","revenueYoy":"16%","customDimensions":{"net_income":3243374,"gross_margin":"29.0%","gross_profit":26859038,"operating_income":4850534,"operating_cash_flow":2009352,"cash_and_equivalents":26630923,"short_term_borrowings":3666845}},"quotedText":"Our strong performance despite ongoing geopolitical developments reflects the resilience of our business and the benefits of our geographically diversified operations","namedEntities":{"people":[{"name":"Phua Mei Ming","role":"Chief Executive Officer"}],"products":[],"companies":[{"name":"HomesToLife Ltd","ticker":"HTLM"},{"name":"HTL Marketing Pte. 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The company also provided full-year guidance, adding forward-looking visibility."},"tickerRelevance":{"others":[],"primary":"HTLM"},"globalImportance":25,"audienceRelevance":15,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"earnings_beat","sectorWeight":"moderate","householdBrandBoost":"none","marketCapAdjustment":"low","retailFavoriteBoost":"none"}},"event_type":"earnings","event_type_secondary":["guidance_update"],"sentiment":"bullish","material_impact_score":4,"narrative":"HomesToLife reported Q1 2026 net revenue of $92.5 million, a 16% increase year-over-year, driven primarily by a $12.6 million surge in export sales.\n\nNet income rose 36% to $3.2 million, with earnings per share reaching $0.036, supported by gross margin expansion to 29.0% from 25.2%.\n\nThe company provided full-year 2026 revenue guidance of $400 million to $420 million, citing sustained strength in the export market and a strong balance sheet with $26.6 million in cash.","key_figures":{"eps":0.036,"revenue":92530240,"guidance":"FY2026 revenue $400 million to $420 million","revenueYoy":"16%","customDimensions":{"net_income":3243374,"gross_margin":"29.0%","gross_profit":26859038,"operating_income":4850534,"operating_cash_flow":2009352,"cash_and_equivalents":26630923,"short_term_borrowings":3666845}},"named_entities":{"people":[{"name":"Phua Mei Ming","role":"Chief Executive Officer"}],"products":[],"companies":[{"name":"HomesToLife Ltd","ticker":"HTLM"},{"name":"HTL Marketing Pte. Ltd.","relationship":"subsidiary"},{"name":"Edelman Smithfield","relationship":"investor relations firm"}],"dollarAmounts":[{"amount":"$92.5 million","context":"Q1 2026 net revenue"},{"amount":"$79.5 million","context":"Q1 2025 net revenue"},{"amount":"$12.6 million","context":"increase in export sales"},{"amount":"$26.9 million","context":"Q1 2026 gross profit"},{"amount":"$4.9 million","context":"Q1 2026 income from operations"},{"amount":"$3.2 million","context":"Q1 2026 net income"},{"amount":"$1.0 million","context":"foreign exchange loss in Q1 2026"},{"amount":"$2.0 million","context":"cash flow from operating activities in Q1 2026"},{"amount":"$26.6 million","context":"cash and cash equivalents as of March 31, 2026"},{"amount":"$3.7 million","context":"total short-term borrowings as of March 31, 2026"},{"amount":"$400 million to $420 million","context":"FY2026 revenue guidance"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-29T12:03:51.624Z","global_importance":25,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap","eventGravity":"earnings_beat","sectorWeight":"moderate","householdBrandBoost":"none","marketCapAdjustment":"low","retailFavoriteBoost":"none"}},"durationMs":34012,"modelName":"george-droid-qwen-72b"}}