Financial Performance - HomesToLife reported a net profit of $13.1 million for 9M 2025, a 71% increase from $7.7 million in 9M 2024[9]. - Total net revenue for 9M 2025 was $275.1 million, reflecting a 15% increase from $238.9 million in the same period last year, driven by a 20% increase in export sales in Europe[6]. - Gross profit rose 25% to $76.1 million in 9M 2025, with gross margin improving to 27.7% from 25.5% in 9M 2024[6]. - Net income for Q3 2025 rose 36% to $3.1 million, translating to earnings per share of $0.03[11]. - Net income for the nine months ended September 30, 2025, was $13,158,544, a 71.5% increase from $7,678,665 in the same period of 2024[23]. - Operating income for Q3 2025 was $4,927,704, compared to $883,528 in Q3 2024, reflecting a significant increase of 457.5%[23]. - The company achieved a gross profit margin of 28.5% for the nine months ended September 30, 2025, compared to 25.4% in the same period of 2024[23]. Revenue and Sales Growth - For Q3 2025, revenue was $94.3 million, a 14% increase from $82.6 million in Q3 2024, with export sales in Europe increasing by 29%[10]. - Revenues for Q3 2025 reached $94,302,780, a 14.5% increase from $82,651,838 in Q3 2024[23]. - Total revenues for the nine months ended September 30, 2025, were $275,077,583, a 15.1% increase from $238,963,947 in the same period of 2024[23]. - For the three months ended September 30, 2025, total revenues increased to $94,302,781, up from $82,651,838 in the same period of 2024, representing a growth of approximately 14.3%[27][28]. Operating Expenses - Operating expenses increased by 18% year-over-year to $62.2 million, primarily due to a 19% rise in selling expenses to $47.4 million[7]. - Total operating expenses for Q3 2025 were $21,373,473, an increase of 18.5% from $18,061,528 in Q3 2024[23]. - The company incurred total operating expenses of $21,373,473 for the three months ended September 30, 2025, compared to $18,061,528 in the same period of 2024, representing an increase of about 18.5%[27][28]. Cash Flow and Financial Position - As of September 30, 2025, the company had $21.8 million in cash and bank balances, with total borrowings of $10.1 million[12]. - Net cash provided by operating activities for the nine months ended September 30, 2025, was $4,082,057, compared to $1,978,988 for the same period in 2024, indicating a growth of approximately 106%[29]. - The company reported a net cash used in financing activities of $(7,445,963) for the nine months ended September 30, 2025, compared to a net cash provided of $239,631 in the same period of 2024[29]. - The ending cash balance as of September 30, 2025, was $21,750,924, down from $24,397,506 at the end of the same period in 2024[29]. Foreign Exchange Gains - The company reported foreign exchange gains of $4.5 million in 9M 2025, up from $1.5 million in the same period in 2024[8]. - The company reported a foreign exchange gain of $4,521,221 for the nine months ended September 30, 2025, compared to $1,502,602 in the same period of 2024[23]. - The company recognized a foreign exchange gain of $227,588 for the three months ended September 30, 2025, compared to a gain of $969,693 in the same period of 2024, indicating a decrease of about 76.5%[27][28]. Strategic Initiatives - The acquisition of HTL Marketing Pte. Ltd. completed on May 19, 2025, contributed to the financial results and expansion strategy[5]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[23].
HomesToLife Ltd(HTLM) - 2025 Q3 - Quarterly Report