PR Newswire·Nov 14, 2025, 4:15 PM ET

FGI INDUSTRIES ANNOUNCES THIRD QUARTER 2025 RESULTS

FGI

FGI Industries Ltd. reported Q3 2025 total revenue of $35.8 million, a 0.7% year-over-year decrease.
Gross profit reached $9.5 million, representing a 2.0% year-over-year increase, while gross margin expanded to 26.5%, up 70 basis points.
The company recorded an operating income of $0.4 million and a GAAP net loss attributable to shareholders of $1.651 million, compared to a net loss of $0.6 million in the prior year period.
Adjusted net income for the quarter was $241,000, contrasting with an adjusted net loss of $0.1 million in the same period last year.
Revenue growth was driven by a 7.0% increase in Sanitaryware sales to $22.9 million, offset by declines in Bath Furniture (to $3.7 million), Shower Systems (to $5.9 million), and a significant 8.0% drop in Canadian revenue.
Operating expenses decreased 2.6% year-over-year to $9.1 million due to lower selling, distribution, & R&D costs.
The company ended the quarter with $14.2 million in total liquidity, comprised of $1.9 million in cash & equivalents & $12.3 million available under credit facilities.
FGI reiterated its full-year 2025 guidance for total net revenue between $135 million & $145 million, with adjusted operating income between $(2.0) million & $1.5 million.
Management cited a fluid tariff environment as a primary factor for uncertainty, though strategic investments in brands & channels continue to support long-term growth.
FGI announced it will hold quarterly earnings calls only for the second & fourth quarters moving forward, continuing to release results via press releases & SEC filings.