HomesToLife (HTLM) Registration filing summary

Company overview and business model

• Operates as a global home furniture company with headquarters in Singapore, leveraging 50 years of heritage and an integrated supply chain across China, Vietnam, and India.

• Business divisions include export (wholesale B2B), leather trading, and retail (direct-to-consumer in Singapore and South Korea).

• Maintains a diversified brand portfolio and offers both branded and white-label products, with a strong focus on design, sourcing, and logistics.

• Export division supplies furniture to over 30 countries, with Europe as the largest market, and supports both ready-stock and made-to-order fulfillment.

• Retail operations serve as a brand showcase and testing platform, complemented by e-commerce and strategic store locations.

Financial performance and metrics

• Export revenue grew from US $311.1 million in FY2023 to US $349.6 million in FY2025.

• Export business accounted for over 92% of group revenue in FY2025; Europe contributed 59.7% of export revenue.

• Leather trading revenue comprised 5.1% of total revenue in FY2025, mainly from related party transactions.

• Net tangible book value as of December 31, 2025, was US $27.8 million or US $0.31 per share.

Use of proceeds and capital allocation

• 80% of net proceeds are allocated for business expansion, 20% for general working capital.

• No binding agreements for specific ventures; plans for expansion are preliminary and subject to change.

• Pending use, proceeds will be invested in capital preservation instruments.