Company: FGI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040149
Chunk: 4

Company: FGI Industries Ltd.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 4
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.3)(0.9)(240)bpsAdjusted net loss attributable to FGI Industries Ltd. shareholders(1)$(2,234,256)$(174,776)$(2,059,480)1178.4 

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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

32

Our revenue increased by $1.6 million, or 5.5%, to $31.0 million for the three months ended June 30, 2025, from $29.4 million for the three months ended June 30, 2024. The increase in our revenue was primarily driven by increases in sales of sanitaryware and custom kitchen cabinetry. 

Revenue categories by product are summarized as follow:

For the Three Months Ended June 30,Change2025Percentage2024PercentagePercentageUSD%USD%%Sanitaryware$18,082,905 58.3 $17,334,714 59.0 4.3 Bath Furniture4,138,223 13.3 4,031,120 13.7 2.7 Shower System5,230,862 16.9 5,889,847 20.1 (11.2)Others3,546,270 11.5 2,115,268 7.2 67.7 Total$30,998,260 100.0 $29,370,949 100.0 5.5 

For the Six Months Ended June 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 sanitary