Company: FGI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040149
Chunk: 47

Company: FGI Industries Ltd.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 47
---
 (1,231,524)— (132,941)(1,364,465)Foreign currency translation adjustments—— — — 603,035 — 603,035 Balance at June 30, 20251,918,311$959 $21,479,973 $1,351,819 $(1,550,093)$(1,006,634)$20,276,024 

Ordinary Shares(1)AdditionalPaid-inCapitalRetainedEarningsAccumulatedOtherComprehensiveLossNon-ControllingInterestsTotalShareholders'EquitySharesAmountBalance at December 31, 20231,909,521$955 $20,877,832 $4,413,524 $(1,111,499)$(154,040)$24,026,772 Share-based compensation—— 119,586 — — — 119,586 Net loss—— — (412,189)— (125,670)(537,859)Foreign currency translation adjustments—— — — (22,578)— (22,578)Balance at March 31, 20241,909,521$955 $20,997,418 $4,001,335 $(1,134,077)$(279,710)$23,585,921 Share-based compensation3,2621 208,504 — — — 208,505 Net income (loss)—— — 163,565 — (186,980)(23,415)Foreign currency translation adjustments—— — — (424,980)— (424,980)Balance at June 30, 20241,912,783$956 $21,205,922 $4,164,900 $(1,559,057)$(466,690)$23,346,031 

(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.

_________________________________________________

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

8

FGI INDUSTRIES LTD.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Six Months EndedJune 30,20252024USDUS