FGI Industries Ltd. (FGIWW) Financial Statements (2025 and earlier)

Company Profile

Business Address 906 MURRAY ROAD
EAST HANOVER, NJ 07869
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 343 - Heating Equipment, Except Electric And Warm Air; (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,80010,100
Cash and cash equivalent7,80010,100
Receivables23,79619,940
Inventory, net of allowances, customer advances and progress billings9,92413,293
Inventory9,92413,293
Prepaid expense 3,9532,026
Other current assets 664562
Other undisclosed current assets(23)(33)
Total current assets:46,11545,888
Noncurrent Assets
Operating lease, right-of-use asset15,2049,816
Property, plant and equipment1,9101,270
Intangible assets, net (including goodwill)102 
Intangible assets, net (excluding goodwill)102 
Deferred income tax assets1,1691,266
Other noncurrent assets1,2452,128
Total noncurrent assets:19,63014,479
TOTAL ASSETS:65,74560,367
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18914,752
Accounts payable  14,719
Accrued liabilities18933
Debt6,9599,795
Due to related parties104
Other undisclosed current liabilities20,8955,123
Total current liabilities:28,04429,775
Noncurrent Liabilities
Liabilities, other than long-term debt13,6747,847
Operating lease, liability13,6747,847
Total noncurrent liabilities:13,6747,847
Total liabilities:41,71837,623
Equity
Equity, attributable to parent24,18122,744
Common stock11
Additional paid in capital20,87820,460
Accumulated other comprehensive loss(1,111)(1,396)
Retained earnings4,4143,680
Equity, attributable to noncontrolling interest(154) 
Total equity:24,02722,744
TOTAL LIABILITIES AND EQUITY:65,74560,367

Income Statement (P&L) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
Revenues117,242161,719
Cost of revenue(85,164)(130,210)
Gross profit:32,07731,509
Operating expenses(29,773)(26,417)
Operating income (loss):2,3045,092
Nonoperating expense(917)(551)
Other nonoperating income (expense)(177)46
Interest and debt expense(750)(601)
Income (loss) from continuing operations before equity method investments, income taxes:6383,940
Other undisclosed income from continuing operations before income taxes750601
Income (loss) from continuing operations before income taxes:1,3884,541
Income tax expense (benefit)(808)(861)
Net income (loss):5803,680
Net income attributable to noncontrolling interest154 
Net income (loss) available to common stockholders, diluted:7343,680

Comprehensive Income ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
Net income (loss):5803,680
Other undisclosed comprehensive income (loss)285 
Comprehensive income (loss):8643,680
Comprehensive income, net of tax, attributable to noncontrolling interest154 
Other undisclosed comprehensive loss, net of tax, attributable to parent  (742)
Comprehensive income (loss), net of tax, attributable to parent:1,0182,938

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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