FGI INDUSTRIES LTD C/WTS (TO PUR COM) | 8-K: FY2025 Q4 Revenue: USD 30.47 M

Revenue: As of FY2025 Q4, the actual value is USD 30.47 M.

EPS: As of FY2025 Q4, the actual value is USD -1.37.

EBIT: As of FY2025 Q4, the actual value is USD -318.01 K.

Fourth Quarter 2025 Financial Highlights

Revenue

• Total revenue was $30.5 million, a decrease of 14.4% year-over-year .
• Sanitaryware revenue was $19.1 million, decreasing from $21.8 million in the prior-year period .
• Bath Furniture revenue was $2.3 million, decreasing from $3.5 million in the prior-year period .
• Shower Systems revenue was $5.8 million, decreasing from $6.7 million last year .
• Other revenue, primarily from Kitchen Cabinets, was $3.3 million, remaining stable compared to $3.6 million in the prior year .

Profitability

• Gross profit was $8.1 million, a decrease of 6.8% year-over-year .
• Gross margin was 26.7%, an increase of 210 basis points year-over-year .
• Operating loss was -$0.7 million, improving from an operating loss of -$1.3 million in the prior-year period .
• Adjusted operating loss was -$0.7 million, compared to -$1.1 million in the prior-year period .
• Operating margin was -2.2%, up from -3.5% in the same period last year .
• Adjusted operating margin was -2.2%, up from -3.2% in the same period last year .
• Net loss attributable to shareholders was -$2.6 million .
• Adjusted net loss was -$0.6 million .

Operating Costs

• Total operating expenses decreased 12.0% year-over-year to $8.8 million .
• Selling and distribution expenses were $5,695,779 .
• General and administrative expenses were $2,776,128 .
• Research and development expenses were $332,234 .

Full-Year 2025 Financial Highlights

Revenue

• Total revenue was $130.5 million, a decrease of 1.0% year-over-year .

Profitability

• Gross profit was $35.3 million, a decrease of 0.5% year-over-year .
• Gross margin was 27.0%, an increase of 10 basis points year-over-year .
• Operating loss was -$2.4 million .
• Adjusted operating loss was -$2.4 million .
• Net loss attributable to shareholders was -$6.1 million .
• Adjusted net loss was -$2.6 million .

Financial Resources and Liquidity (as of December 31, 2025)

• Cash and cash equivalents were $1.9 million .
• Total debt was $11.9 million .
• Availability under credit facilities (net of letters of credit) was $6.6 million .
• Total liquidity was $8.5 million .

Cash Flow (Full-Year 2025)

• Net cash provided by operating activities was $673,220 .
• Net cash used in investing activities was -$1,015,847 .
• Net cash used in financing activities was -$2,633,539 .

Financial Guidance for Fiscal 2026

FGI Industries Ltd. anticipates total net revenue to be between $134 million and $141 million . The company projects total adjusted operating income to range from $0.7 million to $2.5 million . Total adjusted net income is expected to be between -$0.3 million and $1.1 million .