G.M. Leather S.P.A.

G.M. Leather S.P.A.

MMIL:GML
0.46
EUR
-0.01
(-2.54%)
9.72MMarket Cap
Mar 03Next Earn
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.52
4.27
3.46
3.53
3.48
3.42
- -
Basic EPS, GAAP
0.16
0.21
0.17
0.17
0.03
- -
- -
Free Cash Flow per Basic Share
0.03
-0.17
-0.12
-0.16
0.34
0.3
- -
Dividend per Share
- -
0.09
- -
0.02
- -
- -
- -
Book Value per Share
0.54
0.49
0.99
1.14
1.14
1.15
1.15
Tangible Book Value per Share
0.44
0.35
0.67
0.73
0.68
0.66
0.66
Basic Weighted Avg Shares
12
12
12
12
12
12
12
Sales/Revenue/Turnover
29
50
41
42
41
40
- -
Operating Margin (%)
8.11
7.5
8.87
10
9.58
4.52
- -
Depreciation Expense
- -
1
2
2
3
3
- -
Net Income, GAAP
2
2
2
2
- -
- -
- -
Effective Tax Rate (%)
21.01
25.2
13.42
26.31
64.92
80.43
- -
Profit Margin (%)
6.22
4.94
4.93
4.89
0.8
0.04
- -
Working Capital
7
10
14
14
10
11
11
LT Debt
5
7
8
12
9
9
9
Total Equity
7
6
12
13
14
14
14
Return on Invested Capital (%)
- -
14.4
11.65
8.24
2.83
0.73
- -
Return on Capital (%)
- -
14.29
10.69
9.24
2.78
1.2
- -
Return on Common Equity (%)
- -
40.76
23.09
16.21
2.43
0.13
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
19
- -
17
LT Borrowings
9
- -
9
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
13
11
10

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
46
- -
43
Cash, Cash Equivalents & STI
2
- -
- -
Accounts Receivable, Net
12
- -
14
Inventories
29
- -
27
Total Current Liabilities
35
- -
32
Payables & Accruals
- -
- -
- -
ST Debt
19
- -
17
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
20.94%
0.32%
Free Cash Flow
- -
-191.31%
-10.76%
Net Income, GAAP
- -
-32.04%
-94.45%
Sales/Revenue/Turnover
- -
10.22%
-1.64%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
42
2024
- -
- -
41
2025
- -
- -
40

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.17
2024
- -
- -
0.03
2025
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.02
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

Sector
Process industries
Industry
Textiles
Address
Arzignano Italy
IPO Date
Jul 13, 2022
Business
G.M. Leather S.p.A. is an Italy-based industrial company engaged in the processing, tanning, finishing, and commercialization of high-grade bovine hides and leather products for the interior design, furniture, fashion, footwear, and automotive industries. Founded in 1976 and headquartered in Arzignano, Italy, at the center of the Chiampo Valley tanning district, the company operates integrated production facilities serving clients across Italy, Europe, North America, and Asia. The company's core product and service portfolio includes semi-processed wet blue, wet white, and crust leather; full-grain, corrected-grain, embossed, aniline, and semi-aniline finished bovine leathers; specialized nubuck, suede, and vintage-effect leathers; technical and functional finishes featuring flame-retardant, water-repellent, scratch-resistant, and antibacterial properties; custom dyeing, retanning, cutting, and sample development services; and environmentally conscious, chrome-free, and metal-free leather lines compliant with Leather Working Group standards. In recent developments, following its public listing on the Euronext Growth Milan exchange, G.M. Leather S.p.A. has executed targeted operational and strategic initiatives to strengthen its value chain, including the consolidation and acquisition of strategic processing assets within the Arzignano tanning cluster, significant capital investments in eco-efficient machinery and closed-loop water treatment systems to enhance sustainability, the commercial rollout of bio-based circular leather product lines, and the expansion of direct distribution channels and commercial alliances with international luxury furniture makers and premium design brands.