HomesToLife LtdHTLM

HomesToLife Ltd. filed its 20-F/A on June 11 2026, revealing $377.9 million of revenue for the year ending December 31 2025, a net profit of $16.6 million, and a cash balance of $27.3 million against $111.3 million of liabilities. The company’s equity stood at $27.8 million, producing a diluted EPS of $0.18 across 89.7 million shares. Operating cash flow for the period was $13.5 million, while capex was $1.1 million and inventory rose by $1.6 million to $9.6 million.

HomesToLife describes itself as a home-furnishing business, but its 20-F admits 32% of goods are supplied by contract manufacturers and related suppliers, including HTL Furniture, under a manufacturing agreement signed on November 1 2024. A separate services agreement with HTL Furniture Inc. dated May 1 2026 formalised existing supply arrangements rather than launching new ones. The board also ratified the auditor for the fiscal year ending December 31 2026 on April 10 2026, a procedural nod rather than a strategic pivot.

The company’s 20-F for the year ending December 31 2025 shows revenue of $377.9 million, net income of $16.6 million, operating income of $19.4 million, assets of $139.2 million, liabilities of $111.3 million, equity attributable to parent of $27.8 million, cash and cash equivalents of $27.3 million, net cash provided by operating activities of $13.5 million, payments for property plant and equipment of $1.1 million, inventory of $9.6 million, an increase in inventories of $1.6 million, diluted EPS of $0.18, and a diluted weighted average number of shares outstanding of 89.7 million. The 20-F/A dated June 11 2026 confirms the manufacturing agreement with HTL Furniture signed November 1 2024 and the supply chain dependence on contract manufacturers and related suppliers supplying around 32% of goods sold by HomesToLife Singapore Ltd.

The company issued press releases on March 23 2026 and May 29 2026 announcing unaudited quarterly results, but both releases reference the March quarter and the company’s March 2026 and May 2026 filings contain no new annual revenue, profit, or cash flow data beyond the 20-F year-end figures. The company’s 6-K filings on May 5 2026 and May 29 2026 reference services and supply agreements, while the April 10 2026 6-K ratifies the auditor for the fiscal year ending December 31 2026.

For a chart route, the SEC filings and companyfacts JSON provide the raw financial data but do not supply a share-price or trading-volume series; any chart would need to be pulled from a market data provider that covers the issuer’s primary listing. The company’s SEC filings index and submissions JSON confirm the sequence of disclosures but do not add fundamental data beyond what is contained in the 20-F and 6-K documents cited above.

The weight of evidence shows a cash-generative furniture seller with $377.9 million of revenue and $16.6 million of net income, but a balance sheet that leans heavily on liabilities relative to equity and an operating cash flow figure that lags revenue growth. The company’s reliance on contract manufacturers and related suppliers for 32% of goods introduces supply-chain risk the polished platform story downplays. The auditor ratification and services agreement updates add procedural detail without altering the core financial profile. What remains unproven is the path to higher margins or cash conversion beyond inventory build and modest capex, and the next decisive evidence would be a quarterly update that breaks out segment-level profitability or cash flow dynamics beyond the headline numbers already filed.