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HomesToLife Ltd Reports 405% Revenue Increase, Net Income of $125K in First Quarter 2025

1. HomesToLife reported Q1 2025 net revenue of $5.2 million, up 405%. 2. HTL Far East contributed $4.4 million to revenues, boosting growth significantly. 3. Despite revenue growth, overall gross margin declined to 26% from 68%. 4. Net income turned positive at $125,000, a significant improvement year-over-year. 5. Projected total revenue for 2025 is between $260 million and $290 million.

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Why Bullish?

The strong revenue growth driven by HTL Far East signals positive market performance. Historically, similar revenue spikes have led to sustained stock price increases.

How important is it?

The article provides concrete financial results and future projections, critical for investor decision-making regarding HTLM.

Why Short Term?

The immediate financial results will likely influence investor sentiment quickly, similar to past quarterly reports enhancing stock prices sharply.

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SINGAPORE, June 12, 2025 (GLOBE NEWSWIRE) -- HomesToLife Ltd (Nasdaq: HTLM) (“HomesToLife” or the "Company"), a Singapore-based home furniture company with sales across Asia-Pacific, Europe and North America regions, today announced unaudited financial results for the first quarter ended March 31, 2025 (“Q1 2025”). The Company posted net revenue of $5.2 million in Q1 2025, up 405% from net revenue of $1.0 million in Q1 2024. This increase was driven by a $4.4 million revenue contribution from HTL Far East Pte. Ltd. (“HTL Far East”), the Company’s Asia sales subsidiary launched in November 2024. Revenue from HomesToLife Pte. Ltd., the Company’s Singapore retail business, declined 19% year-over-year to $840,000, but this business improved its gross margin to 73% compared with 68% in Q1 2024. Net income for Q1 2025 was $125,000, or $0.01 per share, compared with a net loss of $74,000, or $(0.01) per share1, in the same period last year. The Company’s overall gross margin 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. This change in revenue mix resulted in a lower blended gross margin year-over-year. Operating expenses rose by $394,000, partly due to $336,000 in Nasdaq listing-related costs, which were not present in Q1 2024. “The successful ramp-up of our HTL Far East business has not only produced a fivefold increase in revenue in Q1 2025, it is continuing to rapidly expand our reach and customer base across the region,” said Ms. Phua Mei Ming, Chief Executive Officer of HomesToLife. “With the additional acquisition of HTL Marketing Pte Ltd (“HTL Marketing”), our B2B supplier of upholstered sofas and leather sofa materials, in May 2025, we are now positioned to expand beyond Asia and scale globally. “By building a strong upstream export and sourcing platform, HomesToLife is evolving into a multi-market B2B furniture leader with a growing global footprint,” added Ms. Phua. The above financial highlights are reflected in the following chart:  Q1 2025US$’000% OF REV.Q1 2024US$’000% OF REV.Q/Q CHANGENet revenue5,229 1,036 405%Singapore retail (HTL Pte Ltd)84016%1,036100%(19%)Asia sales(HTL Far East)4,38984%-        Gross profit1,36526%70568%94%Singapore retail (HTL Pte Ltd)61673%70568%(13%)Asia sales(HTL Far East)74917%-        Operating expenses1,16322%76974%51%      Net income/(loss)1252.4%(74)(7.1%)269%      Net income (loss) per share0.01 (0.01) 200% 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. As of March 31, 2025, the Company remained in a net cash position with no bank borrowings. Cash and cash equivalents increased to $3.9 million, up from $3.4 million at December 31, 2024. 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 is projected to contribute between US$250 million and US$280 million in revenue for the full year. Total revenue for 2025 is expected to be between $260 and $290 million. For the remainder of 2025, the Company will continue to maintain a robust liquidity position, providing financial flexibility to support its strategic growth initiatives while meeting near-term operational and financing needs. About HomesToLife Ltd HomesToLife Ltd is the holding company of HomesToLife Pte. Ltd., one of the leading home furniture retailers that offers and sells customized furniture solutions in Singapore; HTL Far East Pte. Ltd., a company dedicated to sourcing, distributing, and delivering premium furniture and related products to the business sector across the Asia-Pacific region; and HTL Marketing Pte Ltd, a leading B2B procurer and supplier of premium upholstered sofas and leather materials for sofa manufacturing, with sales across Asia-Pacific, Europe and North America regions. FORWARD-LOOKING STATEMENTS Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect financial condition, results of operations, business strategy and financial needs of the Company and its subsidiaries. Forward-looking statements can be identified by the words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC. Contacts HomesToLife Ltd Contact: 6 Raffles Boulevard, #02-01/02Marina Square, Singapore 039594Email: Investor@homestolife.com Investor Relations Inquiries: Skyline Corporate Communications Group, LLCScott Powell, PresidentOffice: (646) 893-5835Email: info@skylineccg.com   HOMESTOLIFE LTD AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Currency expressed in United States Dollars (“US$”), except for number of shares)(Unaudited)  As of  March 31, 2025  December 31, 2024         ASSETS       Current assets:       Cash and cash equivalents 3,941,081   3,442,259 Accounts receivables, net 2,487,350   216,536 Inventories, net 544,689   601,900 Amounts due from related parties 418,551   2,900 Deposit, prepayments and other receivables 1,472,067   883,227 Total current assets 8,863,738   5,146,822         Non-current assets:       Plant and equipment, net 293,084   220,603 Right-of-use assets, net 2,954,863   3,250,835 Total non-current assets 3,247,947   3,471,438         TOTAL ASSETS 12,111,685   8,618,260         LIABILITIES AND SHAREHOLDERS’ EQUITY       Current liabilities:       Accounts payable 3,962,221   267,792 Customer deposits 733,145   696,538 Accrued liabilities and other payables 318,757   498,027 Lease liabilities, current portion 1,382,758   1,437,055 Income tax liabilities 94,530   - Total current liabilities 6,491,411   2,899,412         Long-term liabilities:       Other payables 100,658   98,875 Lease liabilities, net of current portion 1,934,814   2,176,061 Total long-term liabilities 2,035,472   2,274,936         TOTAL LIABILITIES 8,526,883   5,174,348         Commitments and contingencies -   -         Shareholders’ equity       Ordinary share, $0.0001 par value, 100,000,000 shares authorized, 14,687,500 and 14,687,500 shares issued and outstanding as of March 31, 2025 and December 31, 2024 1,469   1,469 Additional paid-in capital 32,250,867   32,250,867 Accumulated other comprehensive loss (3,428,554)  (3,444,552)Accumulated losses (25,238,980)  (25,363,872)Total shareholders’ equity 3,584,802   3,443,912         TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 12,111,685   8,618,260   HOMESTOLIFE LTD AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ANDCOMPREHENSIVE INCOME (LOSS)(Currency expressed in United States Dollars (“US$”), except for number of shares)(Unaudited)  Three Months ended March 31,  2025  2024         Revenues, net 5,229,547   1,036,575 Cost of goods sold (3,864,379)  (331,439)        Gross profit 1,365,168   705,136         Operating expenses:       Sales and distribution expenses (483,326)  (552,688)General and administrative expenses (343,725)  (217,005)Legal and professional fees (336,180)  - Total operating expenses (1,163,231)  (769,693)        Income (loss) from operations 201,937   (64,557)        Other income (expense):       Government subsidies 10,492   - Sundry income 6,993   - Other expenses -   (9,595)Total other income (expense), net 17,485   (9,595)        Income (loss) before income taxes 219,422   (74,152)        Income tax expense (94,530)  -         NET INCOME (LOSS) 124,892   (74,152)        Other comprehensive income:       – Foreign currency translation adjustment 15,998   3,497         COMPREHENSIVE INCOME (LOSS) 140,890   (70,655)        Weighted average number of ordinary shares:       Basic and diluted 14,687,500   13,250,000         NET INCOME (LOSS) PER SHARE – BASIC AND DILUTED $0.01   $(0.01)  HOMESTOLIFE LTD AND SUBSIDIARIESCONDENSED CONSOLIDATED CASH FLOWS STATEMENTS(Currency expressed in United States Dollars (“US$”))(Unaudited)  Three Months ended March 31,  2025  2024       Net cash provided by (used in) operating activities 1,368,222   (1,458,293)Net cash used in investing activities (101,302)  (104,464)Net cash (used in) provided by financing activities (774,532)  1,943,226 Effect on exchange rate change on cash and cash equivalents 6,434   4,173   498,822   384,642 BEGINNING OF PERIOD 3,442,259   1,366,231         END OF PERIOD 3,941,081   1,750,873          1 The loss per share for Q1 2024 was calculated based on a lower weighted average share count of 13.25 million shares, compared to 14.69 million shares in Q1 2025.

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