newsfilter
← Latest News
PR Newswire·

FGI INDUSTRIES ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2025 RESULTS

FGI
  • FGI Industries Ltd. reported fourth-quarter 2025 total revenue of $30.5 million, a 14.4% year-over-year decrease.
  • Full-year 2025 total revenue was $130.5 million, representing a 1.0% year-over-year decline.
  • Fourth-quarter gross profit was $8.1 million (-6.8% y/y) with a gross margin of 26.7%, an increase of 210 basis points y/y.
  • Full-year 2025 gross profit was $35.3 million (-0.5% y/y) with a gross margin of 27.0%, an increase of 10 basis points y/y.
  • The company recorded a fourth-quarter operating loss of $0.7 million \& a net loss attributable to shareholders of $2.6 million.
  • Full-year 2025 operating loss was $2.4 million \& net loss attributable to shareholders was $6.1 million.
  • Adjusted net loss for the fourth quarter was $0.6 million, compared to $0.7 million in the prior-year period.
  • Adjusted net loss for the full year 2025 was $2.6 million, compared to $0.9 million in the prior-year period.
  • Revenue declines in the fourth quarter were 15.5% in the U.S., 16.9% in Canada, \& 5.6% in Europe.
  • Sanitaryware revenue fell 12.2%, bath furniture revenue dropped 34.9%, \& shower system revenue decreased 13.9% year-over-year in Q4.
  • Total operating expenses decreased 12.0% year-over-year to $8.8 million in the fourth quarter.
  • The company ended the fourth quarter with $8.5 million in total liquidity, including $1.9 million in cash \& $6.6 million available under credit facilities.
  • FGI provided 2026 guidance of $134-$141 million in total net revenue, $0.7-$2.5 million in adjusted operating income, \& $(0.3)-$1.1 million in adjusted net income.
  • The company is pursuing a China+1 sourcing strategy to diversify geographic supply chains amid a fluid tariff environment.
  • A conference call to discuss results is scheduled for April 10, 2026, at 9:00 am Eastern Time.