Company: FGI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052375
Chunk: 47

Company: FGI Industries Ltd.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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,808)(650,979)(3,442,363)(1,659,811)Less: comprehensive loss attributable to non-controlling shareholders(296,734)(148,111)(616,140)(460,761)Comprehensive loss attributable to FGI Industries Ltd. shareholders$(1,655,074)$(502,868)$(2,826,223)$(1,199,050)Weighted average number of ordinary shares    Basic(1)1,918,3111,912,7831,917,4611,913,117Diluted(1)1,918,3111,912,7831,917,4611,913,117Loss per shareBasic(1)$(0.86)$(0.29)$(1.83)$(0.42)Diluted(1)$(0.86)$(0.29)$(1.83)$(0.42)

(1) Giving retroactive effect to the Reverse Share Split of the Preference Shares and Ordinary Shares at a ratio of 1-for-5 that became effective July 31, 2025. See Note 9 “Shareholders' Equity” for details.

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The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

7

FGI INDUSTRIES LTD.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’

EQUITY

Ordinary Shares(1)AdditionalPaid-inCapitalRetainedEarnings (Accumulated Deficit)AccumulatedOtherComprehensiveLossNon-ControllingInterestsTotalShareholders'EquityShares AmountBalance at December 31, 20241,912,783$956 $21,279,047 $3,212,435 $(2,239,560)$(687,228)$21,565,650 Share-based compensation5,118 3 76,303 — — — 76,306 Net loss—— — (629,092)— (186,465)(815,557)Foreign currency translation adjustments—— — — 86,432 — 86,432 Balance at March 31, 20251,917,901$959 $21,355,350 $2,583,343 $(2,153,128)$(873,693)$20,912,831 Share-based compensation410— 124,623