NATUZZI S P A

Listed Company

NTZCIK 0000900391NYSENon-AcceleratedHousehold FurnitureFY ends Dec 31

Period

FY 2024

Revenue

—

Net Income

$-15.38M

Total Assets

$319.02M

Equity

—

Shares Out

55.07M

Op. Cash Flow

—

Business

NATUZZI S P A designs, manufactures and distributes branded and unbranded upholstered furniture and related home furnishings worldwide. Its product offering includes sofas, armchairs, beds, home accessories and complementary furnishings under the Natuzzi Italia and Natuzzi Editions brands, plus private-label production for key accounts. The company operates distinct retail, wholesale and project (trade & contract) divisions and maintains manufacturing, R&D and supply-chain functions across a global industrial footprint. Natuzzi distributes through mono-brand stores, galleries, concessions, franchised partners, large distributors and e-commerce across the Americas, EMEAI and Asia-Pacific regions.

Summary from filing dated 2025-04-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Profit or loss [abstract]	—	—	—
Revenue	308	319	329
Cost of sales	205	203	216
Gross Profit	103	116	113
Other income	10	5	7
Selling expenses	91	90	91
Administrative expenses	41	36	38
Impairment on trade receivables	46,000	289,000	33,000
Other expenses	−497,000	−260,000	−457,000
Operating profit/(loss)	−19	−6	−9
Finance income	554,000	829,000	941,000
Finance costs	9	10	9
Net exchange rate gains/(losses)	−2	554,000	−144,000
Net finance income/(costs)	−10	−9	−8
Share of profit/(loss) of equity-method investees	−371,000	389,000	3
Profit/(loss) before tax	−30	−15	−15
Income tax expense	1	684,000	1
Profit/(loss) for the year	−31	−15	−16
Profit/(loss) attributable to:	—	—	—
Owners of the Company	−30	−15	−16
Non-controlling interests	−659,000	−232,000	−93,000
Profit/(loss) per share	—	—	—
Basic earnings/(loss) per ordinary share	−0.54	−0.28	−0.29
Diluted earnings/(loss) per ordinary share	−0.54	−0.28	−0.29

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31
Statement of financial position [abstract]	—	—
ASSETS	—	—
Non-current assets	—	—
Property, plant and equipment	64	74
Right-of-use assets	34	44
Intangible assets and goodwill	3	7
Equity-method investees	37	41
Other non-current receivables	5	6
Other non-current assets	2	2
Deferred tax assets	2	2
Total non-current assets	147	176
Current assets	—	—
Inventories	50	63
Trade receivables	33	33
Other current receivables	8	11
Other current financial receivables	4	1
Other current assets	5	5
Current income tax assets	2	2
Gains on derivative financial instruments	76,000	24,000
Cash and cash equivalents	20	20
Asset held for sale	1	9
Total current assets	122	143
TOTAL ASSETS	269	319
EQUITY	—	—
Share capital	55	55
Reserves	20	21
Retained earnings	−52	−22
EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY	23	54
Non-controlling interests	3	4
TOTAL EQUITY	26	58
Non-current liabilities	—	—
Long-term borrowings	23	14
Long-term lease liabilities	40	47
Other non-current debts	—	465,000
Employees’ leaving entitlement	11	12
Non-current contract liabilities	7	7
Provisions	6	8
Deferred income for government grants	10	11
Other non-current liabilities	1	2
Deferred tax liabilities	5,000	998,000
Total non-current liabilities	99	102
Current liabilities	—	—
Bank overdrafts and short-term borrowings	22	23
Current portion of long-term borrowings	7	5
Current portion of lease liabilities	9	10
Trade payables	57	66
Other payables	25	27
Current contract liabilities	20	24
Provisions	2	2
Other liabilities	403,000	403,000
Liabilities for current income tax	871,000	830,000
Losses on derivative financial instruments	19,000	268,000
Total current liabilities	144	158
TOTAL LIABILITIES	243	261
TOTAL EQUITY AND LIABILITIES	269	319

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Statement of cash flows [abstract]	—	—	—
Cash flows from operating activities:	—	—	—
Profit/(loss) for the year	−31	−15	−16
Adjustments for:	—	—	—
Depreciation	19	20	21
Amortisation	2	2	1
Impairment of non-financial assets	8	441,000	0
(Gain)/loss on sale of property, plant and equipment	4	−110,000	−117,000
Deferred income for capital grants	−1	−1	−2
Rent concessions	0	0	0
Interest expenses	6	7	7
Unrealised foreign exchange (gains)/losses	−301,000	355,000	748,000
(Gain) from loss of control in a former subsidiary	—	—	—
Share of (profit)/loss of equity-method investees	−371,000	389,000	3
Tax expense	1	684,000	1
Total adjustment	31	28	27
Inventories	13	−728,000	8
Trade and other receivables	4	2	7
Other assets	65,000	146,000	2
Trade and other payables	−8	5	−14
Contract liabilities	−4	3	3
Provisions	−2	−3	−1
One-time termination benefit payments	−658,000	−10	−3
Employees’ leaving entitlement	−364,000	−1	−1
Total changes	3	−4	736,000
Cash provided by (used in) operating activities	3	9	11
Interest paid	6	7	6
Income taxes paid	1	292,000	3
Net cash provided by (used in) operating activities	−4	2	3
Cash flows from investing activities:	—	—	—
Additions	6	5	10
Disposals	10	4	0
Intangible assets	1	2	2
Government grants received for PPE	203,000	0	918,000
Dividends from equity-accounted investees	2	77,000	3
Other current financial receivables	2	1	0
Purchase of business, net of cash acquired	0	0	0
Disposal of a business, net of cash disposed of	0	0	0
Net cash provided by (used in) investing activities	3	−4	−8
Cash flows from financing activities:	—	—	—
Proceeds	18	3	11
Repayments	5	5	9
Short-term borrowings	−2	−798,000	−7
Payment of lease liabilities	9	10	11
Proceeds from increase in share capital	0	0	0
Dividends distribution to non-controlling interests	419,000	149,000	135,000
Capital contribution by non-controlling interests	150,000	0	0
Net cash provided by (used in) financing activities	1	−13	−16
Increase (decrease) in cash and cash equivalents	−281,000	−15	−20
Cash and cash equivalents as at December 31	—	—	—
Effect of movements in exchange rates on cash held	−567,000	782,000	−784,000
Cash and cash equivalents as at December 31	—	—	—

Filings

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