HomesToLife Ltd ( (HTLM) ) has released its Q2 earnings. Here is a breakdown of the information HomesToLife Ltd presented to its investors.
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HomesToLife Ltd, a Singapore-based company, operates in the global furniture industry, providing both consumer retail and wholesale trade services across Asia-Pacific, Europe, and North America.
In the first half of 2025, HomesToLife Ltd reported a significant 87% increase in net income, reaching $10.0 million, driven by strong export sales and favorable foreign exchange gains. The company’s net revenue rose by 16% to $180.8 million, showcasing robust growth across its key markets.
Key financial highlights include a 19% rise in gross profit to $49.8 million, with a stable gross margin of 27.6%. The company’s operating expenses increased by 18%, primarily due to higher selling expenses and costs related to the acquisition of retail operations in South Korea. Despite these expenses, HomesToLife maintained a healthy financial position with $20.0 million in cash and bank balances.
HomesToLife’s strategic focus on geographical diversification and export sales has positioned it well for sustained growth, with Europe and North America showing a 16% increase in demand. The company also benefited from a 55% revenue increase in its leather trading division, which supports raw material availability and pricing stability.
Looking ahead, HomesToLife anticipates total revenue for FY2025 to range between $340 million and $375 million, with expectations of a stronger second half of the year. The company remains committed to maintaining robust liquidity to support its growth initiatives while navigating potential headwinds from U.S. policy changes regarding furniture imports.