SINGAPORE, May 29, 2026 (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, today announced its unaudited financial results for the quarter ended March 31, 2026 (“Q1 2026”). Key Financial Highlights Q1 2025 Q1 2026 Change US$’000 US$’000 (%) Net revenue 79,486 92,530 ...
SINGAPORE, May 29, 2026 (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, today announced its unaudited financial results for the quarter ended March 31, 2026 (“Q1 2026”). Key Financial Highlights Q1 2025 Q1 2026 Change US$’000 US$’000 (%) Net revenue 79,486 92,530 16 % Export 74,488 87,132 17 % Retail 1,442 2,484 72 % Leather 3,556 2,914 (18 )% By geographical 79,486 92,530 16 % Asia Pacific 23,030 22,666 (2 )% Europe 45,790 57,731 26 % North America 10,666 12,133 14 % Gross profit 20,056 26,859 34 % Gross margin (%) 25.2 % 29.0 % 3.8 pp Operating expenses 17,938 22,009 23 % Selling expenses 13,190 17,376 32 % General and Administrative 4,412 4,356 (1 )% Listing expenses 336 277 (18 )% Income from operations 2,117 4,850 129 % Net income 2,381 3,243 36 % Earnings per share (Basic and diluted) 0.027 0.036 36 % Financial results for the quarter ended March 31, 2025 (“Q1 2025”) and Q1 2026, unless otherwise stated, reflect the inclusion of HTL Marketing Pte. Ltd. (“HTL Marketing”) because of the acquisition of 100% of equity interests in HTL Marketing completed on May 19, 2025. Q1 2026 Performance The Company reported net revenue of $92.5 million in Q1 2026, a 16% increase from $79.5 million in Q1 2025. Growth was primarily driven by a $12.6 million increase in export sales. By region, the net revenue from Europe and North America increased by 26% and 14% respectively, partially offset by a slight decline of 2% in Asia Pacific. Retail sales contributed the increase of $1.0 million in Q1 2026, attributable to the expansion of the retail stores and retail sales growth in Korea. Gross profit rose 34% to $26.9 million, with gross margin expanding 3.8 percentage points to 29.0%, supported by a more favourable sales mix. Operating expenses increased by $4.1 million mainly due to higher selling expenses in line with increased sales volume, as w...