HomesToLife Ltd, a Singapore-based home furniture company, reported a substantial increase in net revenue for the first quarter of 2025, reaching $5.2 million, a 405% surge from the $1.0 million recorded in the same period last year. This sharp rise was primarily driven by a $4.4 million revenue contribution from HTL Far East Pte. Ltd., the company's Asia sales subsidiary launched in November 2024. Conversely, revenue from HomesToLife Pte. Ltd., the company's Singapore retail business, declined by 19% year-over-year to $840,000. The company recorded a net income of $125,000, or $0.01 per share, a significant turnaround from the net loss of $74,000, or $(0.01) per share, in the same quarter of the previous year. Despite this improvement, the overall gross margin fell to 26% from 68% in Q1 2024, largely due to the lower gross margin of 17% achieved by HTL Far East. Operating expenses increased by $394,000, including $336,000 in Nasdaq listing-related costs not present in Q1 2024. HomesToLife's cash flow from operating activities turned positive at $1.4 million, compared to a net outflow of $1.5 million in the same period last year. The company is poised for further expansion with the acquisition of HTL Marketing Pte Ltd, a B2B supplier of upholstered sofas and leather sofa materials, in May 2025. This strategic move positions HomesToLife for global scaling and enhances its capabilities as a multi-market B2B furniture leader.