Company: FGI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040149
Chunk: 127

Company: FGI Industries Ltd.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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30,Change2025Percentage2024PercentagePercentageUSD%USD%%Sanitaryware$38,242,757 59.6 $37,852,276 63.0 1.0 Bath Furniture8,238,605 12.8 7,120,331 11.8 15.7 Shower System10,917,179 17.0 11,650,716 19.4 (6.3)Others6,812,267 10.6 3,501,145 5.8 94.6 Total$64,210,808 100.0 $60,124,468 100.0 6.8 

We derive the majority of our revenue from sales of sanitaryware, which accounted for 58.3% and 59.6% of our total revenue for the three and six months ended June 30, 2025, compared to 59.0% and 63.0% for the comparable periods of 2024. Revenue generated from the sales of sanitaryware increased by 4.3% to $18.1 million for the three months ended June 30, 2025 from $17.3 million for same period of 2024. For the six months ended June 30, 2025, this revenue increased by 1.0% to $38.2 million from $37.9 million for the same period of 2024. While the U.S. and China have temporarily agreed to reduce their reciprocal tariffs during trade talks, we expect demand for this category to be uncertain due to the current environment as consumers await clarity on tariffs affecting a number of jurisdictions.

Our revenue from bath furniture sales accounted for 13.3% and 12.8% of our total revenue for the three and six months ended June 30, 2025, compared to 13.7% and 11.8% for the comparable periods of 2024. Bath Furniture sales increased by 2.7% to $4.1 million for the three months ended June 30, 2025, compared to $4.0 million for the same period of 2024. For the six months ended June 30, 2025, revenue from Bath Furniture sales increased by 15.7% to $8.2 million from $7.1 million for the same period of 2024. Our recently launched mid-tier product lines