FGI Industries Ltd (NAS:FGI)

Q4 2025 FGI Industries Ltd Earnings Call Transcript

Apr 10, 2026 / 01:00 PM GMT

Release Date Price: $3.67 (-13.44%)

Transcript 10-K8-K

Key Points

Positve

FGI Industries Ltd (FGI) maintained a solid foundation despite broader industry challenges, thanks to strategic investments in organic growth initiatives.
The company's gross margin expanded by 210 basis points to 26.7% this quarter, driven by better performance in higher-margin businesses.
FGI's geographic expansion into India and growth in covered bridge kitchen cabinetry are promising for future growth.
Operating expenses decreased due to optimized warehouse operations, contributing to an improved operating loss compared to the previous year.
The company has made progress in diversifying its geographic sourcing, securing partnerships outside of China, which will help mitigate uncertainties.

Negative

Fourth-quarter revenue decreased by 14.4% compared to the same period in 2024, impacted by tariff headwinds and prior year order pull forwards.
Gross profit decreased by 6.8% year-over-year, reflecting challenges in the sanitary wear and shower systems businesses.
GAAP net loss attributable to shareholders increased to $2.6 million from $0.4 million in the same period last year.
The industry outlook remains uncertain due to the current tariff environment and geopolitical issues, affecting demand and order patterns.
FGI's full-year revenue and gross profit were each down less than 1% compared to the prior year, indicating challenges in achieving growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FGI.OQ - FGI Industries Ltd
Q4 2025 FGI Industries Ltd Earnings Call
Apr 10, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, and welcome to the FGI Industries, Inc. Fourth Quarter 2025 Results Conference Call.

All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touchtone phone.

To withdraw your question, please press star then two.

Please note this event is being recorded.

I would now like to turn the conference over to Jay Chung, CFO. Please go ahead.

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Unidentified_2 [2]
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