Company: FGI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040149
Chunk: 3

Company: FGI Industries Ltd.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 3
---
)128,532 (875,235)(680.9)benefit of income taxes(214,576)(298,415)83,839 (28.1)Net loss(1,364,465)(23,415)(1,341,050)5727.3 Net (loss) income attributable to FGI Industries Ltd. shareholders(1,231,524)163,565 (1,395,089)(852.9)Adjusted loss from operations(1)(832,338)(328,873)(503,465)153.1 Adjusted operating margins (%)(1)(2.7)(1.1)(160)bpsAdjusted net loss attributable to FGI Industries Ltd. shareholders(1)$(1,161,873)$22,700 $(1,184,573)(5218.3)

For the Six Months EndedJune 30,Change20252024AmountPercentageUSDUSDUSD%Revenue$64,210,808 $60,124,468 $4,086,340 6.8 Cost of revenue46,603,943 42,747,683 3,856,260 9.0 Gross profit17,606,865 17,376,785 230,080 1.3 Selling and distribution expenses13,372,906 12,391,733 981,173 7.9 General and administrative expenses5,545,928 4,904,878 641,050 13.1 Research and development expenses801,228 851,470 (50,242)(5.9)Loss from operations(2,113,197)(771,296)(1,341,901)174.0 Operating margins (%)(3.3)(1.3)(200)bpsTotal other expenses, net(1,020,931)(66,104)(954,827)1444.4 benefit of income taxes(954,106)(276,126)(677,980)245.5 Net loss(2,180,022)(561,274)(1,618,748)288.4 Net loss attributable to FGI Industries Ltd. shareholders(1,860,616)(248,624)(1,611,992)648.4 Adjusted loss from operations(1)(2,093,291)(528,318)(1,564,973)296.2 Adjusted operating margins (%)(1)(3