Company: FGI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052375
Chunk: 85

Company: FGI Industries Ltd.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 85
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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$100,059,669 100.0 $96,223,647 100.0 4.0 

We consistently generated the majority of our revenue in the United States market, which amounted to $22.5 million  and $22.2 million for the three months ended September 30, 2025 and September 30, 2024, respectively. For the nine months ended September 30, 2025, however, revenue from United States market increased by 3.0% to $61.6 million, compared to $59.8 million for the same period of 2024. Such revenue accounted for approximately 62% of our total revenue for the three and nine months ended September 30, 2025 and 2024, with minor period-to-period variation. The growth during the nine-month period was largely attributable to higher sales of bath furniture and kitchen cabinetry, as previously discussed, partially offset by a decrease due to tariff related uncertainties in the second quarter.

Our second largest market is Canada. Our revenue generated in the Canadian market was $9.1 million for the three months ended September 30, 2025, compared to