Company: FGI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040149
Chunk: 6

Company: FGI Industries Ltd.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 6
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 from $11.7 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.

Our revenue from sales of other products (custom kitchen cabinetry and other small offerings) increased by 67.7% to $3.5 million for the three months ended June 30, 2025, compared to $2.1 million for the same period of 2024. For the six months ended June 30, 2025, other revenue increased by 94.6% to $6.8 million from $3.5 million for the same period of 2024. The increase was primarily driven by volume growth resulting from continued strength in sales of the Covered Bridge custom-kitchen cabinetry businesses.

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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 June 30,Change2025Percentage2024PercentagePercentageUSD%USD%%United States$17,970,861 58.0 $18,039,583 61.4 (0.4)Canada8,768,471 28.3 8,593,329 29.3 2.0 Europe3,636,110 11.7 2,659,858 9.1 36.7 Rest of World622,818 2.0 78,179 0.2 696.7 Total$30,998,260 100.0 $29,370,949 100.0 5.5 

For the Six Months Ended June 30,Change2025Percentage2024PercentagePercentageUSD%USD%%United States$39,139,233 61.0 $37,637,488 62.6 4.0 Canada16,952,614 26.4 16,474,410 27.4 2.9 Europe6,741,104 10.5 5,855,046 9.7 15.1 Rest of World1,377,857 2.1 157,524 0.3