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GlobeNewsWire
25 days ago
HomesToLife Delivers 36% Increase in Q1 2026 Net Profit to $3.2 Million on Export Growth and Stronger Margins
SINGAPORE, May 29, 2026 (GLOBE NEWSWIRE) -- HomesToLife Ltd (Nasdaq: HTLM) (“HomesToLife” or the “Company”), a Singapore-based home furniture company with sales across Asia-Pacific, Europe and North America, today announced its unaudited financial results for the quarter ended March 31, 2026 (“Q1 2026”). Key Financial Highlights Q1 2025 Q1 2026 Change US$'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.