Company: FGI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040149
Chunk: 83

Company: FGI Industries Ltd.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 83
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 the Covered Bridge custom-kitchen cabinetry businesses.

33

Revenue Categories by Geographic Location

We derive our revenue primarily from the United States, Canada and Europe. Revenue categories by geographic location are summarized as follows:

For the Three Months Ended June 30,Change2025Percentage2024PercentagePercentageUSD%USD%%United States$17,970,861 58.0 $18,039,583 61.4 (0.4)Canada8,768,471 28.3 8,593,329 29.3 2.0 Europe3,636,110 11.7 2,659,858 9.1 36.7 Rest of World622,818 2.0 78,179 0.2 696.7 Total$30,998,260 100.0 $29,370,949 100.0 5.5 

For the Six Months Ended June 30,Change2025Percentage2024PercentagePercentageUSD%USD%%United States$39,139,233 61.0 $37,637,488 62.6 4.0 Canada16,952,614 26.4 16,474,410 27.4 2.9 Europe6,741,104 10.5 5,855,046 9.7 15.1 Rest of World1,377,857 2.1 157,524 0.3 774.7 Total$64,210,808 100.0 $60,124,468 100.0 6.8 

We consistently generated the majority of our revenue in the United States market, which amounted to $18.0 million for the three months ended June 30, 2025 and June 30, 2024. For the six months ended June 30, 2025, however, revenue from United States market increased by 4.0% to $39.1 million, compared to $37.6 million for the same period of 2024. Such revenue accounted for approximately 60% of our total revenue for the three and six months ended June 30, 2025 and 2024, with minor period-to-period variation. The growth during the six months period was largely attributable to higher sales of bath furniture and kitchen cabinetry, as previously discussed, partially offset by a decrease due to tariff related uncertainties in