Singapore-based HomesToLife Ltd (Nasdaq: HTLM) reported today that its subsidiary, HTL Far East Pte Ltd, launched in October 2024, achieved over US$1.5 million in sales orders during January 2025 and projects revenue between US$12 million and US$14 million for the year. This strong performance is attributed to rapidly increasing sales fueled by high market demand.
Before HTL Far East’s establishment, HomesToLife generated approximately US$1.99 million in revenue during the first half of 2024. The company anticipates total 2025 revenue to reach US$16 million to US$18 million, representing over a 300 percent surge compared to its projected 2024 figures.
HTL Far East specializes in sourcing, distributing, and delivering premium furniture and related products to consumers and businesses across the Asia-Pacific region. HomesToLife CEO Phua Mei Ming attributed the subsidiary’s robust growth to effective strategic planning and positive customer response.
HTL Far East’s leadership team comprises Mr. Phua Yong Pin (Chairman), Mr. Phua Yong Tat (Vice-Chairman), and Ms. Phua Mei Ming (CEO), who also hold the same respective positions at HomesToLife.
Ms. Phua Mei Ming stated that the subsidiary addresses the rising APAC demand for high-quality furniture at competitive prices, a trend expected to continue in 2025, fostering further growth and success for HTL Far East.
She further noted that HTL Far East will enhance HomesToLife’s market presence and deliver substantial long-term value to stakeholders.
About HomesToLife Ltd
HomesToLife Pte. Ltd., another wholly-owned subsidiary of the company, is a leading Singaporean home furniture retailer offering customized solutions. As of October 2024, it operated six retail locations. Since 2014, it has assisted homeowners in creating personalized living spaces. Its product range includes upholstered furniture, case goods, and accessories, providing a complete furnishing solution. HomesToLife is committed to fair pricing, excellent value, consistent quality, and timely delivery. The company’s website offers a user-friendly online shopping experience and post-sales support.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements, subject to inherent risks and uncertainties. These statements are based on current expectations and projections about future events impacting the company’s financial condition, results, business strategy, and financial needs. Forward-looking statements often include words like “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” and similar expressions. The company disclaims any obligation to update or revise publicly any forward-looking statements, except as legally required. While the company believes these statements are reasonable, actual results may differ materially. Investors should review other factors that may affect future results in the company’s SEC filings.
Contacts
HomesToLife Ltd Contact:
6 Raffles Boulevard, #02-01/02
Marina Square, Singapore 039594
Email:
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
Office: (646) 893-5835
Email:
