HomesToLife (HTLM) Registration filing summary

Company overview and business model

• Singapore-headquartered global furniture platform with export wholesale, leather trading and direct retail divisions; sources furniture through partners in China, Vietnam and India.

• Integrated model covers product design, sourcing, leather procurement, logistics and distribution; offerings include proprietary brands, white-label products and customer customisation.

• Retail operations include four directly operated Singapore stores and two South Korean stores plus department-store concessions as of June 30, 2026; another South Korean store opened in October 2026.

• Export platform serves customers in more than 30 countries and products are sold through over 5,000 retail outlets; fulfillment combines made-to-order sofas, generally delivered in 8–12 weeks, with quick-ship inventory.

• Manufacturing and most design execution rely on related-party GHC Group businesses; 20-year contract manufacturing agreements support supply coordination and production capacity.

Financial performance and metrics

• Export revenue rose from $311.1 million in FY2023 to $349.6 million in FY2025; export accounted for 92.5% of total revenue in FY2025 and 93.9% in 1H2026.

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

• Retail contributed approximately 2.4% of FY2025 revenue; leather trading contributed 5.1% of FY2025 revenue and 3.4% in 1H2026.

• At June 30, 2026, total equity was $27.7 million and total indebtedness was $14.9 million, including $7.3 million in bank loans and $7.7 million in lease liabilities.

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

Use of proceeds and capital allocation

• At the assumed $1.00 share price and full placement, estimated net proceeds are $8.586 million; planned allocation is 80% to business expansion and 20% to general working capital.

• Expansion plans remain preliminary, with no binding venture or acquisition arrangements; timing, size and nature depend on market conditions, suitable opportunities and due diligence.

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

• Plans include entering selected Asia-Pacific markets, expanding wholesale channels, scaling retail touchpoints and investing in design and product innovation.

• A 10% interest in Zeica Labs was acquired for $1.0 million in January 2026; planned collaboration will test spatial-audio furniture products in Singapore before potential expansion to other markets.