Company: CULP
Filing Date: 2025-06-20
Form Type: 11-K
Source: 0000950170-25-088317
Chunk: 2

Company: CULP INC
Filing Date: 2025-06-20
Form: 11-K
Chunk 2
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, North Carolina

<div align='center'>4</div>

CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS DECEMBER 31, 2024 AND 2023

| ASSETS                              
 Investments, at fair value (Note C) |     | 2024 |            |     | 2023 |            |
|:------------------------------------|:----|:-----|-----------:|:----|:-----|-----------:|
| Registered investment companies     |     | $    | 40,077,354 |     | $    | 36,961,195 |
| Common and collective trust fund    |     |      |  3,472,715 |     |      |  3,703,050 |
| Culp, Inc. common stock             |     |      |  1,153,883 |     |      |    968,890 |
| Money market fund                   |     |      |     43,493 |     |      |     42,054 |
|                                     |     |      | 44,747,445 |     |      | 41,675,189 |
| Receivables                         |     |      |            |     |      |            |
| Employer contributions              |     |      |          - |     |      |     34,835 |
| Participant contributions           |     |      |          - |     |      |     66,888 |
|                                     |     |      |          - |     |      |    101,723 |
| NET ASSETS AVAILABLE FOR BENEFITS   |     | $    | 44,747,445 |     | $    | 41,776,912 |

<div align='center'>5</div>

CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022

| CHANGES IN NET ASSETS ATTRIBUTED TO :                        
 Investment income (loss)                                     |     | 2024 |            |   |     | 2023 |            |   |     | 2022 |            |   |
|:-------------------------------------------------------------|:----|:-----|-----------:|:--|:----|:-----|-----------:|:--|:----