Zhengjie ‘Jeff’ Chai was confirmed as HomesToLife Ltd’s permanent chief financial officer on May 5 2026, with the appointment taking effect on May 1 2026. Chai had served as interim CFO since November 19 2025, following the resignation of former CFO Chew Kwang Yong on November 18 2025. The board’s formal approval on May 5 solidifies the company’s finance leadership as it prepares for a new growth phase.
HomesToLife’s fiscal‑year 2025 results underscored the company’s accelerating performance. Net revenue rose 13% to $377.9 million, while net profit surged 97% to $16.6 million. Gross profit climbed 27% to $105.3 million, lifting the gross margin to 27.9% from 24.8% in 2024. Operating cash flow reached $13.5 million, and the balance sheet remained strong with $27.3 million in cash against $10.4 million in short‑term borrowings.
Segment analysis shows that export revenue grew 12% year‑over‑year, driven by higher demand in Europe and North America. The consumer‑retail division doubled to $9.1 million, reflecting an expanded presence in Korea, while leather trading continued to provide a stable revenue base. These gains contributed to the overall margin expansion and profitability improvements reported for the year.
Chief Executive Officer Ms. Phua Mei Ming praised Chai’s role in the company’s financial stewardship, stating, “Mr Chai has been a key member of our leadership team, and his deep financial expertise and operational experience will be instrumental as we continue to scale the business.” She added, “Our consistent performance demonstrates the resilience of our diversified export model and disciplined cost control. As we approach the year‑end peak season, we are well‑positioned to capitalize on seasonal demand while sustaining long‑term growth through our key markets.”
Strategic initiatives that frame the CFO’s appointment include a special cash dividend of $0.065 per share approved in April 2026 and a $1 million investment for a 10% stake in smart‑home technology startup Zeica Labs announced in November 2025. Chai’s services as CFO are provided under a services agreement between HomesToLife Ltd and HTL Furniture Inc., a related U.S. company, ensuring continuity of financial oversight across the group.
The appointment of a permanent CFO after a period of interim leadership signals stability in the finance function and reinforces management’s confidence in executing the company’s expansion strategy. With robust financial results, a healthy balance sheet, and a clear focus on high‑margin export and consumer retail growth, the new CFO is positioned to support HomesToLife’s continued scaling and strategic investments.
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