Natuzzi Q3 Net Sales €74.4 Million, Down From €75.0 Million In Q3 2024

3Q 2025: Highlights

• Total net sales amounted to €74.4 million, down 0.8% from €75.0 million in 3Q 2024.
• Gross margin at 36.0% of revenue, compared to 31.8% in 3Q 2024 which included a 3.9% impact from severance-related costs.
• Operating loss of (€1.7) million, compared to an operating loss of (€3.8) million in 3Q 2024.
• Net finance costs were (€2.4) million, compared to net finance costs of (€3.3) million in 3Q 2024.
• Loss for the period of (€5.1) million, compared to a loss of (€7.4) million in 3Q 2024.
• Call of a shareholders' meeting to adopt appropriate measures pursuant to art. 2446 of the Italian civil code, "Nominal reduction of share capital due to losses".
• As of September 30, 2025, we held €18.1 million in cash, down from €20.3 million as of December 31, 2024. Cash availability includes €9.9 million of proceeds from the disposal of two non-strategic assets, namely the sale of a plot of land in Romania, in addition to the sale of the building in High Point.
• The Company continues to actively seek a CEO to lead the restructuring efforts.
• Store traffic and written orders remain below expectations, due to a persisting and generalized weakness in consumer confidence in addition to trade duties by the U.S. administration. This may continue to adversely affect our results of operations.