FGI Industries Ltd. reported its first quarter 2025 financial results, showing a total revenue increase to $33.2 million, an 8.0% rise from the same period in 2024. The company experienced a gross profit of $8.9 million, marking a 5.8% increase year-over-year. Despite these gains, FGI recorded an operating loss of $1.3 million and a net loss attributable to shareholders of $0.6 million. The adjusted net loss was reported at $1.1 million. The gross margin declined by 60 basis points to 26.8%, influenced partly by tariffs related to China and increased freight costs. The revenue growth was driven by significant increases in the Bath Furniture and Covered Bridge cabinetry businesses, which saw a year-over-year revenue increase of 32.7% and 135.7%, respectively. In regional terms, revenue grew by 8.0% in the U.S. and 3.8% in Canada, while it declined by 2.8% in Europe. The Sanitaryware and Shower Systems segments saw a decrease in revenue by 1.7% and 1.3%, respectively. FGI continues to prioritize internal investment, with operating expenses rising 16.6% year-over-year to $10.2 million, reflecting the company's focus on its BPC growth strategy, warehouse optimization, and investment in its India business. FGI ended the quarter with $1.2 million in cash and cash equivalents and total debt of $13.2 million, with a total available liquidity of $14.3 million. The company has announced that it will only hold quarterly earnings calls for the second and fourth quarters, with ongoing results communicated through press releases and SEC filings.