Auditors have warned that Dizz Group’s future depends on refinancing — securing new funding to replace its existing debts and meet upcoming repayments. This means the group must either renew, restructure, or replace loans and bonds that are coming due with new borrowing or other funding sources. Without it, the company could face difficulties meeting its financial obligations over the next year.

In their report on the company’s latest financial statements, the auditors pointed to a material uncertainty over Dizz Group’s “going concern” status. They highlighted the €8 million bond maturing in 2026 and other debt repayments that will require careful cash flow management.

The group’s borrowings stood at just over €30 million at the end of 2024, with finance costs amounting to €2.4 million during the year. Dizz also recorded a negative operating cash flow of €1.9 million, meaning more money went out of the business than came in from operations.

The auditors noted that while Dizz has plans to refinance its bond and other facilities — and has taken steps to restructure some debt — these measures have yet to be finalised. Until they are, there remains a risk that insufficient funding could pressure operations and expansion plans.

The retail and hospitality group, which operates brands such as Terranova, Elisabetta Franchi, and Pastrocchio, posted a profit after tax of €1.4 million for 2024, down from €2 million the previous year. Revenue edged higher to €24.8 million, but rising costs, including finance expenses, weighed on the bottom line.

When contacted, the company pointed to ongoing discussions with financial institutions to secure the necessary refinancing. Management expressed confidence that these talks would conclude positively and stressed that its store and restaurant network continues to trade well.