Company: FGI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052375
Chunk: 81

Company: FGI Industries Ltd.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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Results of Operations

The following table summarizes the results of our operations for the three and nine months ended September 30, 2025 and 2024 and provides information regarding the dollar and percentage increase (decrease) during such periods.

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For the Three and Nine Months Ended September 30, 2025 and 2024

For the Three Months EndedSeptember 30,Change20252024AmountPercentageUSD%Revenue$35,848,861 $36,099,179 $(250,318)(0.7)Cost of revenue26,350,193 26,790,957 (440,764)(1.6)Gross profit9,498,668 9,308,222 190,446 2.0 Selling and distribution expenses6,060,571 6,284,932 (224,361)(3.6)General and administrative expenses2,784,507 2,637,141 147,366 5.6 Research and development expenses283,867 451,975 (168,108)(37.2)Income (loss) from operations369,723 (65,826)435,549 (661.7)Operating margins (%)1.0 (0.2)120 bpsTotal other expenses, net(438,190)(364,885)(73,305)20.1 Provision for income taxes1,879,599 267,537 1,612,062 602.6 Net loss(1,948,066)(698,248)(1,249,818)179.0 Net loss attributable to FGI Industries Ltd. shareholders(1,651,332)(550,137)(1,101,195)200.2 Adjusted income from operations(1)369,723 55,663 314,060 564.2 Adjusted operating margins (%)(1)1.0 0.2 80 bpsAdjusted net income (loss) attributable to FGI Industries Ltd. shareholders(1)$240,591 $(105,451)$346,042 (328.2)

For the Nine Months EndedSeptember 30,Change20252024AmountPercentageUSDUSDUSD%Revenue$100,059,669 $96,223,647 $3,836,022 4.0 Cost of revenue72,954,136 69,538,640 3,415,496 4.