Company: FGI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052375
Chunk: 4

Company: FGI Industries Ltd.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 4
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1)(1.7)(0.5)(120)bpsAdjusted net loss attributable to FGI Industries Ltd. shareholders(1)$(1,993,665)$(280,227)$(1,713,438)611.4 

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(1)See “Non-GAAP Measures” below for more information on our use of these adjusted figures and a reconciliation of these financial measures to their closest U.S. generally accepted accounting principles (“GAAP”) comparators.

Revenue

33

For the nine months ended September 30, 2025, our revenue increased by $3.8 million, or 4.0%, to $100.1 million from $96.2 million for the same period last year. The increase in our revenue was primarily driven by increases in sales of sanitaryware, bath furniture and custom kitchen cabinetry. Revenue for the three months ended September 30, 2025 was $35.8 million, essentially consistent with the prior-year period.

Revenue categories by product are summarized as follow:

For the Three Months Ended September 30,Change2025Percentage2024PercentagePercentageUSD%USD%%Sanitaryware$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