HomesToLife (HTLM) Registration filing summary

Company overview and business model

• Singapore-headquartered global furniture business with 50 years of founder heritage; operates export wholesale, leather trading and consumer retail divisions.

• Integrated design, sourcing and logistics model supports branded and white-label furniture; manufacturing is outsourced primarily to related-party suppliers in China, Vietnam and India.

• Retail operations include four directly operated Singapore stores and South Korean stores and department-store concessions; a new South Korean store opened in October 2026.

• Six brands span customer segments; e-commerce complements stores, which also serve as product-testing and customer-insight channels.

Financial performance and metrics

• Export revenue rose from $311.1 million in FY2023 to $349.6 million in FY2025; exports represented 92.5% of FY2025 revenue and 93.9% in 1H2026.

• Europe generated 59.7% of FY2025 revenue; Asia-Pacific 26.9% and North America 13.4%. Europe represented 66.4% of export revenue in 1H2026.

• FX result was a $2.2 million loss in 1H2026 versus a $4.3 million gain in 1H2025, primarily from RMB appreciation and EUR depreciation against USD.

• At June 30, 2026, total equity was $27.7 million and indebtedness $14.9 million; adjusted total equity after the assumed full offering was $48.1 million.

Use of proceeds and capital allocation

• At the assumed $1.65 offer price and full sale of 13 million shares, estimated gross proceeds are $21.45 million and net proceeds $20.42 million after estimated expenses.

• Planned net proceeds allocation: 80% for business expansion and 20% for general working capital; expansion plans remain preliminary and no specific venture is committed.

• Pending deployment, proceeds are intended for capital-preservation investments, including short-term investment-grade interest-bearing instruments and U.S. government securities.