FGI Industries Ltd. Announces Fourth Quarter and Full-Year 2025 Results

FGI Industries Ltd. reported financial results for the fourth quarter and full-year 2025. For Q4 2025, revenue was $30.5 million, a decrease of 14.4% year-over-year. Gross profit was $8.1 million, down 6.8% year-over-year, with gross margin increasing to 26.7%. The company reported an operating loss of $0.7 million and a net loss attributable to shareholders of $2.6 million. For the full-year 2025, revenue was $130.5 million, a slight decrease of 1.0% year-over-year. Gross profit was $35.3 million, down 0.5% year-over-year, with gross margin at 27.0%. The full-year operating loss was $2.4 million and net loss attributable to shareholders was $6.1 million. The company cited the ongoing tariff environment and customer caution as factors affecting revenue. FGI plans to continue strategic investments in brands, products, and channels, and is evaluating a China+1 sourcing strategy. For fiscal year 2026, FGI projects total net revenue of $134-141 million, total adjusted operating income of $0.7-2.5 million, and total adjusted net income of $(0.3)-1.1 million.