Related party transactions and balances (Tables)

12 Months Ended

Dec. 31, 2025


Name of Related Party	Relationship	Nature of Transactions	For the Year Ended December 31,
			2025		2024
			USD		USD
Foremost Worldwide Co., Ltd.	An entity under common control	Sales	$	2,258,887	$	799,967
			$	2,258,887	$	799,967

Purchases from related parties


Name of Related Party	Relationship	Nature of Transactions	For the Year Ended December 31,
			2025		2024
			USD		USD
Focal Capital Holding Limited	An entity under common control	Purchases	$	5,861,323	$	6,157,455
Foremost Worldwide Co., Ltd.	An entity under common control	Purchases	5,995,537		8,385,673
Rizhao Foremost Woodwork Manufacturing Co., Ltd.	An entity under common control	Purchases	364,719		330,722
F.P.Z. Furniture (Cambodia) Co., Ltd.	An entity under common control	Purchases	15,376		125,208
			$	12,236,955	$	14,999,058

The ending balances of such transactions as of December 31, 2025 and 2024 are listed of the following:

Prepayments — related parties


Name of Related Party	As of December 31, 2025		As of December 31, 2024
	USD		USD

Focal Capital Holding Limited	$	4,118,054	$	9,975,298
Foremost Worldwide Co., Ltd.	9,978,936		—
	$	14,096,990	$	9,975,298

Accounts Payables — related parties


Name of Related Party	As of December 31, 2025		As of December 31, 2024
	USD		USD

Foremost Worldwide Co., Ltd.	$	—	$	718,605
Rizhao Foremost Woodwork Manufacturing Co., Ltd.	$	49,855	$	56,389
F.P.Z. Furniture (Cambodia) Co., Ltd.	$	—	$	119,667
	$	49,855	$	894,661

Name of Related Party

Relationship

Nature of
Transactions

As of
December 31,
2025

As of
December 31,
2024

USD

Foremost Home Inc. (“FHI”)

An entity under common control

Shared services and Miscellaneous expenses

3,621,746

2,654,286

Foremost Worldwide Co., Ltd.

An entity under common control

Shared services and Miscellaneous expenses

(370,368)

(340,901)

F.P.Z. Furniture (Cambodia) Co., Ltd.

An entity under common control

Miscellaneous expenses

(73,509)

(291,710)

3,177,869

2,021,675

FGI Industries Ltd. 10-K