FGI Industries Ltd.

Annual Trend FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $7.9m $3.7m $734k ($1.2m) ($6.1m)
Net Income (Loss) Available to Common Stockholders, Basic $7.9m $3.7m $734k ($1.2m) ($6.1m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $7.9m $3.7m $580k ($1.7m) ($7.1m)
Net Income (Loss) Attributable to Noncontrolling Interest ($154k) ($533k) ($986k)
Depreciation and amortization $287k $219k $2.0m $475k $667k
Amortization of Intangible Assets $2.7m $2.2m
Depreciation $202k $176k $201k $475k $667k
Deferred Income Tax Expense (Benefit) ($222k) $202k $97k ($1.5m) $2.5m
Share-based Payment Arrangement, Noncash Expense $384k $418k $401k $333k
Share-based Payment Arrangement, Expense $0 $384k $418k $401k $333k
Gain (Loss) on Disposition of Property Plant Equipment ($15k)
Gain (Loss) on Extinguishment of Debt $1.7m
Income Tax Expense (Benefit) $962k $861k $808k ($548k) $2.8m
Interest Expense Nonoperating $1.2m $1.3m
Other Nonoperating Income (Expense) $1.5m $46k ($177k) $1.1m ($611k)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $11.1m ($13.5m) $1.1m $4.9m ($6.3m)
Increase (Decrease) in Inventories $13.0m ($8.0m) ($3.4m) $4.0m $1.3m
Foreign Currency Transaction Gain (Loss), before Tax ($235k) ($7k) ($185k) $660k ($564k)
General and Administrative Expense $6.2m $7.8m $8.4m $10.2m $11.1m
Investment Income, Interest $37k $3k $11k
Nonoperating Income (Expense) $1.1m ($551k) ($917k) ($183k) ($1.9m)
Operating Expenses $24.5m $26.4m $29.8m $37.5m $37.7m
Net Cash Provided by (Used in) Operating Activities ($3.2m) $980k $1.4m ($7.4m) $673k
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $58k $1.1m $840k $2.2m $886k
Net Cash Provided by (Used in) Investing Activities ($52k) ($1.1m) ($943k) ($2.9m) ($1.0m)
Cash flows from financing activities:
Net Cash Provided by (Used in) Financing Activities $3.3m $7.0m ($2.8m) $7.5m ($2.6m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($182k) ($743k) $99k ($461k) $318k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($135k) $6.2m ($2.3m) ($3.2m) ($2.7m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $3.9m $10.1m $7.8m $4.6m $1.9m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $407k $600k $750k $1.2m $1.3m
Income Taxes Paid, Net $545k $1.8m $552k $1.1m $767k