Company: FGI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052375
Chunk: 83

Company: FGI Industries Ltd.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 83
---
itaryware$22,945,010 64.0 $21,451,387 59.4 7.0 Bath Furniture3,714,301 10.4 4,162,292 11.5 (10.8)Shower System5,869,423 16.4 7,143,283 19.8 (17.8)Others3,320,127 9.2 3,342,217 9.3 (0.7)Total$35,848,861 100.0 $36,099,179 100.0 (0.7)

For the Nine Months Ended September 30,Change2025Percentage2024PercentagePercentageUSD%USD%%Sanitaryware$61,187,767 61.2 $59,303,663 61.6 3.2 Bath Furniture11,952,906 11.9 11,282,623 11.7 5.9 Shower System16,786,602 16.8 18,793,999 19.5 (10.7)Others10,132,394 10.1 6,843,362 7.2 48.1 Total$100,059,669 100.0 $96,223,647 100.0 4.0 

We derive the majority of our revenue from sales of sanitaryware, which accounted for 64.0% and 61.2% of our total revenue for the three and nine months ended September 30, 2025, compared to 59.4% and 61.6% for the comparable periods of 2024. Revenue generated from the sales of sanitaryware increased by 7.0% to $22.9 million for the three months ended September 30, 2025 from $21.5 million for same period of 2024. For the nine months ended September 30, 2025, this revenue increased by 3.2% to $61.2 million from $59.3 million for the same period of 2024. Demand for sanitaryware remains subject to uncertainty given ongoing tariff considerations and broader trade conditions, despite easing of certain trade tensions between the U.S. and China.

Our revenue from bath furniture sales accounted for 10.4% and 11.9% of our total revenue for the three and