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Share Capital, reserves and retained earnings (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure Of Share Capital Reserves And Retained Earnings [Abstract]

Summary of Changes in Equity Interest

As at December 31, 2024, 2023 and 2022 the equity attributable to owners of the Company is analysed as follows:


		31/12/24				31/12/23				31/12/22
Share capital			55,073				55,073				55,073
Reserves			20,659				20,448				23,292
Retained earnings			(21,726	)			(6,576	)			9,493
Total			54,006				68,945				87,858

Disclosure of Share Capital Owned

Share capital is owned, as at December 31, 2024, 2023 and 2022, as follows:


		31/12/24				31/12/23				31/12/22
Mr. Pasquale Natuzzi			56.2	%			56.2	%			56.2	%
Mrs. Anna Maria Natuzzi			2.6	%			2.6	%			2.6	%
Mrs. Annunziata Natuzzi			2.5	%			2.5	%			2.5	%
Other investors			38.7	%			38.7	%			38.7	%
Total			100.0	%			100.0	%			100.0	%

Analysis of Share Capital Reserves

An analysis of “Reserves” is as follows:


		31/12/24				31/12/23				31/12/22
Legal reserve			10,971				10,971				10,971
Majority shareholder capital contribution			488				488				488
Shareholders: unpaid share capital			—				—				(165	)
Share premium reserve			175				175				175
Stock option reserve			1,501				1,133				824
Reserve for gain on disposal of Non-controlling interests			4,219				4,219				4,219
Foreign operations translation reserve			1,792				2,335				5,468
Remeasurement of defined benefit plan			1,195				1,127				1,312
Reserve from Shareholder Financing			318				—				—
Total			20,659				20,448				23,292

Summary of OCI Accumulated in Reserves, Net of Tax

OCI accumulated in reserves, net of tax, is reported in the following tables.


		31/12/24				31/12/23				31/12/22
Foreign operation translation			1,792				2,335				5,468
Remeasurement of defined benefit plan			1,195				1,127				1,312
Owners of the Company			2,987				3,462				6,780
Non-controlling interests			148				(17	)			144
Total OCI			3,135				3,445				6,924

Analysis of Share Capital Reserves

The disaggregation of changes of OCI by each type of reserve in equity is shown in the tables below.

Year ended December 31, 2024


		Foreign operations translation reserve				Remeasurement of defined benefit plan				Total
Exchange difference on translation of foreign operations			(1,064	)			—				(1,064	)
Share of OCI of equity-method investees			686				—				686
Actuarial gains/(losses) on employees’ leaving entitlement			—				68				68
Total			(378	)			68				(310	)

Year ended December 31, 2023


		Foreign operations translation reserve				Remeasurement of defined benefit plan				Total
Exchange difference on translation of foreign operations			(2,003	)			—				(2,003	)
Share of OCI of equity-method investees			(1,257	)			—				(1,257	)
Actuarial gains/(losses) on employees’ leaving entitlement			—				(185	)			(185	)
Total			(3,260	)			(185	)			(3,445	)

Year ended December 31, 2022


		Foreign operations translation reserve				Remeasurement of defined benefit plan				Total
Exchange difference on translation of foreign operations			524				—				524
Share of OCI of equity-method investees			(784	)			—				(784	)
Actuarial gains/(losses) on employees’ leaving entitlement			—				2,309				2,309
Total			(260	)			2,309				2,049