Company: FGI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001628280-25-015656
Chunk: 9

Company: FGI Industries Ltd.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 9
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,526,931 29,772,839 (Loss) income from operations(2,099,591)2,304,443 Other income (expenses)Interest income9,792 10,543 Interest expense(1,246,742)(749,729)Other income (expenses), net1,054,443 (177,469)Total other income (expenses), net(182,507)(916,655)(Loss) income before income taxes(2,282,098)1,387,788 Provision for (benefit of) income taxesCurrent963,542 711,518 Deferred(1,511,363)96,706 Total (benefit of) provision for income taxes(547,821)808,224 Net (loss) income(1,734,277)579,564 Less: net loss attributable to non-controlling shareholders(533,188)(154,040)Net (loss) income attributable to FGI Industries Ltd. shareholders(1,201,089)733,604 Other comprehensive (loss) incomeForeign currency translation adjustment (1,128,061)284,820 Comprehensive (loss) income(2,862,338)864,384 Less: comprehensive loss attributable to non-controlling shareholders(533,188)(154,040)Comprehensive (loss) income attributable to FGI Industries Ltd. shareholders$(2,329,150)$1,018,424 Weighted average number of ordinary sharesBasic9,565,1679,525,434Diluted9,565,1679,821,112(Loss) earnings per shareBasic$(0.13)$0.08 Diluted$(0.13)$0.07 

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

47

FGI INDUSTRIES LTD.

 CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’

EQUITY

Preference SharesOrdinary SharesAdditionalPaid-inCapitalRetainedEarningsAccumulatedOtherComprehensiveLossTotal FGIIndustries Ltd.Shareholders'EquityNon-ControllingInterestsTotalShareholders'EquitySharesAmountSharesAmountBalance at January 1, 2023—$— 9,500,000$950 $20,459,859 $3,679,920 $(1,396,319)$22,744,410 $— $22,744,410