Company: FGI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052375
Chunk: 6

Company: FGI Industries Ltd.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 6
---
 systems decreased by 10.7% to $16.8 million from $18.8 million for the same period of 2024. While shower system revenue dropped year-over-year this quarter, our recently launched programs have driven growth in recent periods and we anticipate them continuing to be a positive driver moving forward. Similar to sanitaryware, however, we expect demand to be uncertain due to the current environment as consumers await tariff clarity, which may offset the impact of these programs.

For the nine months ended September 30, 2025, other revenue increased by 48.1% to $10.1 million from $6.8 million for the same period of 2024. Other revenue for the three months ended September 30, 2025 was $3.3 million, essentially consistent with the prior-year period.  The increase was primarily driven by volume growth resulting from continued strength in sales of the Covered Bridge custom-kitchen cabinetry businesses.

34

Revenue Categories by Geographic Location

We derive our revenue primarily from the United States, Canada and Europe. Revenue categories by geographic location are summarized as follows:

For the Three Months Ended September 30,Change2025Percentage2024PercentagePercentageUSD%USD%%United States$22,493,458 62.7 $22,195,976 61.5 1.3 Canada9,120,195 25.4 9,916,907 27.5 (8.0)Europe3,666,761 10.2 3,418,826 9.5 7.3 Rest of World568,447 1.7 567,470 1.5 0.2 Total$35,848,861 100.0 $36,099,179 100.0 (0.7)

For the Nine Months Ended September 30,Change2025Percentage2024PercentagePercentageUSD%USD%%United States$61,632,691 61.6 $59,833,465 62.2 3.0 Canada26,072,809 26.1 26,391,317 27.4 (1.2)Europe10,407,865 10.4 9,273,872 9.6 12.2 Rest of World1,946,304 1.9 724,993 0.8 168.5 Total$100,059,669 100.