Slide 1: Investor Presentation Second Quarter 2025
Investor Presentation Second Quarter 2025
Slide 2: Disclaimer
Disclaimer Certain matters discussed in this presentation contain forward-looking statements concerning our business, operations and financial performance and conditions, as well as our plans, objectives and expectations for our business operations and financial performance and condition. These stat
Slide 3: FGI Industries at a Glance
FGI Industries at a Glance Leading global B2B supplier of Kitchen and Bath Products Revenue by Product Category FGI is a leading global B2B supplier of Kitchen and Bath products with a reputation of Innovation, For the Six Months Ended June 30, 2025 Others Quality and Service developed over 30 years
Slide 4: Company Overview
Company Overview Diverse Business Mix Provides Stability Sanitaryware Bath Furniture Shower Systems Kitchen Cabinetry, etc. $81MM in 2024 Sales (62% of sales) $15MM in 2024 Sales (11% of sales) $26MM in 2024 Sales (19% of sales) $10MM in 2024 Sales (8% of sales) Sanitaryware segment markets and sell
Slide 5: Key Investment Highlights
Key Investment Highlights Opportunity to drive significant shareholder value Diversified Portfolio and History of Innovation • Diversified mix of products, market segments and sales channels • Tradition of strong innovation with leading ‘on-trend’ designs: Innovation, Quality, Services We are dedica
Slide 6: Second Quarter Overview and Financial Review
Second Quarter Overview and Financial Review 6
Slide 7: Business Highlights – 2Q25
Business Highlights – 2Q25 Revenue Financial Position BPC Update Second quarter revenue increased 5.5% We ended the quarter with $10.0 million Brands year-over-year due to growth in of net debt(1) and total liquidity of $16.4 Sanitaryware, Bath Furniture and million, which we believe is sufficient t
Slide 8: Quarterly Consolidated Financial Results
Quarterly Consolidated Financial Results Total Revenue Gross Profit Adjusted Operating Income(1) Adjusted Net Income(1) $MM $MM $MM $MM $135.9 $35.7 $1.4 $1.3 $34.2 $121.0 $— $(0.3) $(0.8) $(1.2) $29.4 $31.0 $9.0 $8.7 $(3.2) $(3.0) 2Q24 2Q25 LTM LTM 2Q24 2Q25 LTM LTM 2Q24 2Q25 LTM LTM 2Q24 2Q25 LTM
Slide 9: Quarterly Business Line Results
Quarterly Business Line Results Revenue by Product Category Sanitaryware Bath Furniture Shower Systems Other $MM $MM $MM $MM $13.8 $79.2 $81.5 $15.9 $24.8 $22.3 $12.1 $7.3 $4.0 $4.1 $5.9 $3.5 $17.3 $18.1 $5.2 $2.1 2Q24 2Q25 LTM LTM 2Q24 2Q25 LTM LTM 2Q24 2Q25 LTM LTM 2Q24 2Q25 LTM LTM 2Q24 2Q25 2Q24
Slide 10: Balance Sheet & Liquidity Update
Balance Sheet & Liquidity Update Cash & Availability ($MM) Net Debt (1) ($MM) Balance sheet and liquidity $24.4 $11.9 continues to support ongoing $22.6 $20.9 working capital needs $17.8 $17.4 $16.3 $15.6 $16.4 $13.6 $9.9 $10.0 $9.4 • Cash and availability under our $8.1 $8.4 facilities was $16.4 mi
Slide 11: Financial Outlook 2025 Guidance
Financial Outlook 2025 Guidance Adjusted Adjusted Net Revenue Operating Income Net Income $135 – 145 million $(2.0) – 1.5 million $(1.9) – 1.0 million Guidance for adjusted operating income is presented on an adjusted basis and excludes certain non-recurring items. Guidance for adjusted net income i
Slide 12: Investment Conclusion
Investment Conclusion Ample liquidity to support ongoing growth of business TRUSTED GLOBAL SUPPLIER STRONG ORGANIC GROWTH POTENTIAL We are global, diversified, and reputable supplier We pursue a “BPC” strategy: focus on Brands, of quality kitchen & bath products (Innovation, Products and sales Chann
Slide 13: Appendix: Non-GAAP Reconciliations
Appendix: Non-GAAP Reconciliations For the Three Months Ended For the Twelve Months Ended June 30, June 30, 2025 2024 2025 2024 USD USD USD USD Loss from operations $ (832,338) $ (450,362) $ (3,441,492) $ 955,799 Adjustments: Non-recurring IPO-related share-based compensation — 59,719 139,344 238,87
Slide 14: Appendix: Non-GAAP Reconciliations
Appendix: Non-GAAP Reconciliations For the Three Months Ended For the Twelve Months Ended June 30, June 30, 2025 2024 2025 2024 USD USD USD USD Loss before income taxes $ (1,579,041) $ (321,830) $ (4,578,826) $ 541,207 Adjustments: Non-recurring IPO-related share-based compensation — 59,719 139,344
Slide 15: Appendix: Non-GAAP Reconciliations
Appendix: Non-GAAP Reconciliations 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Total debt $ 7,863,680 $ 7,962,203 $ 6,959,175 $11,442,651 $ 9,692,200 $12,485,497 $14,502,367 $13,171,555 $12,558,500 Less: cash 6,894,762 5,369,947 7,777,241 3,319,066 1,307,092 3,044,662 4,558,160 1,226,365 2,519,117