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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
Private higher-education institution in Tbilisi offering programs in law, business, medicine and humanities.
Group parent — controls 1 company · ownership
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| 5,154 | 4,624 | 7,601 | 6,358 | 11,036 | 13,031 | 12,754 | 34,970 | +31.5% | |
| Total COGS | 6 | 7 | 4 | 3,071 | 5,150 | 4,672 | 7,128 | 0 | nmf |
| Gross Profit | 5,148 | 4,617 | 7,597 | 3,287 | 5,885 | 8,359 | 5,627 | 34,970 | +31.5% |
| Gross Margin | 99.9% | 99.8% | 100.0% | 51.7% | 53.3% | 64.1% | 44.1% | 100.0% | |
| Other Operating Income | 0 | 0 | 0 | 0 | 88 | 55 | 0 | 0 | -36.9% |
| 2,202 | 5,096 | 7,932 | 753 | 2,057 | 3,177 | 4,151 | 32,479 | +46.9% | |
| EBITDA | 2,946 | 479 | 335 | 2,535 | 3,916 | 5,237 | 1,476 | 2,491 | -2.4% |
| EBITDA Margin | 57.2% | 10.4% | 4.4% | 39.9% | 35.5% | 40.2% | 11.6% | 7.1% | |
| Total D&A | 310 | 406 | 414 | 43 | 39 | 92 | 66 | 1,949 | +30.0% |
| EBIT / Operating Income | 2,636 | 885 | 750 | 2,491 | 3,878 | 5,145 | 1,410 | 542 | -20.2% |
| Total Interest Income | 0 | 0 | 0 | 25 | 98 | 80 | 85 | 306 | +86.2% |
| Total Interest Expense | 0 | 0 | 658 | 658 | 977 | 951 | 2,180 | 4,360 | +46.0% |
| 0 | 0 | 0 | 979 | 262 | 802 | 2,765 | 1,137 | nmf | |
| Profit Before Tax | 2,636 | 885 | 1,408 | 879 | 3,260 | 5,076 | 2,080 | 2,375 | nmf |
| Total Income Tax | 11 | 17 | 22 | 0 | 0 | 0 | 0 | 0 | +40.1% |
| Net Profit / (Loss) | 375 | 902 | 354 | 792 | 3,143 | 4,877 | 2,080 | 2,375 | nmf |
| Net Margin | 7.3% | 19.5% | 4.7% | 12.5% | 28.5% | 37.4% | 16.3% | 6.8% |
Shareholders, directors and group links from the companyinfo.ge public register — as filed, so stakes need not sum to 100% where a holding is undisclosed.
Ownership & directors from companyinfo.ge (public corporate registry).
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