Fgi Industries Ltd. · NASDAQ:FGI
Fgi Industries — Q4 2025 Earnings Presentation
15 slides from Fgi Industries's earnings presentation, Apr 10, 2026
Slide 1: Investor Presentation Fourth Quarter 2025
Investor Presentation Fourth 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 Twelve Months Ended December 31, Quality and Service developed over 30 years in c
Slide 4: Company Overview
Company Overview Diverse Business Mix Provides Stability Sanitaryware Bath Furniture Shower Systems Kitchen Cabinetry, etc. $80MM in 2025 Sales (62% of sales) $14MM in 2025 Sales (11% of sales) $23MM in 2025 Sales (17% of sales) $13MM in 2025 Sales (10% of sales) Sanitaryware segment markets and sel
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: Fourth Quarter Overview and Financial Review
Fourth Quarter Overview and Financial Review 6
Slide 7: Business Highlights – 4Q25
Business Highlights – 4Q25 Revenue Financial Position BPC Update Fourth quarter revenue decreased We ended the quarter with $10.0 million Brands 14.4% year-over-year. of net debt(1) and total liquidity of $8.5 million, which we believe is sufficient to • FLUSH GUARD® fund our growth initiatives. - g
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 $131.8 $130.5 $35.4 $35.3 $(0.7) $(0.7) $(0.6) $(0.9) $(1.1) $(1.6) $35.6 $30.5 $8.7 $8.1 $(2.4) $(2.6) 4Q24 4Q25 LTM LTM 4Q24 4Q25 LTM LTM 4Q24 4Q25 LTM LTM 4Q24 4
Slide 9: Quarterly Business Line Results
Quarterly Business Line Results Revenue by Product Category Sanitaryware Bath Furniture Shower Systems Other $MM $MM $MM $MM $13.4 $25.5 $81.1 $80.3 $14.7 $22.6 $14.2 $10.4 $21.8 $6.7 $3.6 $3.3 $19.1 $3.5 $5.8 $2.3 4Q24 4Q25 LTM LTM 4Q24 4Q25 LTM LTM 4Q24 4Q25 LTM LTM 4Q24 4Q25 LTM LTM 4Q24 4Q25 4Q2
Slide 10: Balance Sheet & Liquidity Update
Balance Sheet & Liquidity Update Cash & Availability ($MM) Net Debt (1) ($MM) Balance sheet and liquidity $12.2 $24.4 $11.9 continues to support ongoing working capital needs $17.8 $17.4 $16.3 $15.6 $16.4 $16.5 $14.3 $14.2 $9.9 $10.0 $10.0 $9.4 • Cash and availability under our $8.1 $8.4 facilities
Slide 11: Financial Outlook 2026 Guidance
Financial Outlook 2026 Guidance Adjusted Adjusted Net Revenue Operating Income Net Income $134 – 141 million $0.7 – 2.5 million $(0.3) – 1.1 million Guidance for adjusted operating income is presented on an adjusted basis and excludes certain non-recurring items. Guidance for adjusted net income is
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 December 31, December 31, 2025 2024 2025 2024 USD USD USD USD Loss from operations $ (658,582) $ (1,262,469) $ (2,402,056) $ (2,099,591) Adjustments: Non-recurring IPO-related share-based compensation — 59,719
Slide 14: Appendix: Non-GAAP Reconciliations
Appendix: Non-GAAP Reconciliations For the Three Months Ended For the Twelve Months Ended December 31, December 31, 2025 2024 2025 2024 USD USD USD USD Loss before income taxes $ (1,136,419) $ (1,013,987) $ (4,339,014) $ (2,282,098) Adjustments: Non-recurring IPO-related share-based compensation — 5
Slide 15: Appendix: Non-GAAP Reconciliations
Appendix: Non-GAAP Reconciliations 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Total debt $ 6,959,175 $11,442,651 $ 9,692,200 $12,485,497 $14,502,367 $13,171,555 $12,558,500 $14,076,346 $11,868,828 Less: cash 7,777,241 3,319,066 1,307,092 3,044,662 4,558,160 1,226,365 2,519,117 1,875,682 1,899,801