"We are pleased to deliver strong operational and financial results for the full year, underpinned by our diversified export model and disciplined capital management," said Ms. Phua Mei Ming, Chief Executive Officer of HomesToLife. "As we move forward, we will continue to execute our expansion strategy, deepen our presence in key markets, and ensure that HomesToLife remains well positioned to capture new growth opportunities."
Key Financial Highlights
FY2024
FY2025
Chg
4Q2024
4Q2025
Chg
US$'000
US$'000
(%)
US$'000
US$'000
(%)
Net revenue
335,061
377,876
13
%
96,097
102,799
7
%
Export
312,043
349,599
12
%
88,491
94,690
7
%
Retail
4,564
9,116
100
%
1,620
3,429
112
%
Leather
18,454
19,161
4
%
5,986
4,680
(22
)%
By geographical
335,061
377,876
13
%
96,097
102,799
7
%
Asia Pacific
95,848
101,606
6
%
25,510
26,469
4
%
Europe
196,592
225,547
15
%
58,730
59,605
1
%
North America
42,621
50,723
19
%
11,857
16,725
41
%
Gross profit
83,028
105,305
27
%
22,147
29,171
32
%
Gross margin (%)
24.8
%
27.9
%
3.1 pp
23.0
%
28.4
%
5.4 pp
Operating expenses
73,516
85,934
17
%
20,940
23,776
14
%
Selling expenses
54,727
66,332
21
%
15,076
18,958
26
%
General and Administrative
17,349
18,337
6
%
4,910
4,525
(8
)%
Listing expenses
1,440
1,265
(12
)%
953
293
(69
)%
Income from operations
9,512
19,371
104
%
1,207
5,395
347
%
Net income
8,421
16,554
