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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 2,525 — 2-yr total 2,525
Operates in Education — Higher Education. Per the activity note to the FY2023 annual report, the company operates a university providing higher education through business, information technology, law, social sciences, and medicine schools. Founded in 2002. Programs are accredited and state-funded.
Subsidiary of Veloks Ediukeishen (100.0%)
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR |
|---|---|---|---|---|---|---|---|
| Total Revenue | 2,709 | 3,199 | 4,826 | 7,319 | 9,045 | 13,777 | +38.4% |
| Total COGS | 11 | 9 | 0 | 0 | 0 | 0 | -19.1% |
| Gross Profit | 2,698 | 3,189 | 4,826 | 7,319 | 9,045 | 13,777 | +38.6% |
| Gross Margin | 99.6% | 99.7% | 100.0% | 100.0% | 100.0% | 100.0% | |
| 2,842 | 2,887 | 3,188 | 5,395 | 7,604 | 9,877 | +28.3% | |
| EBITDA | 144 | 302 | 1,638 | 1,924 | 1,441 | 3,900 | nmf |
| EBITDA Margin | 5.3% | 9.4% | 33.9% | 26.3% | 15.9% | 28.3% | |
| Total D&A | 164 | 196 | 216 | 251 | 257 | 295 | +12.5% |
| EBIT / Operating Income | 308 | 106 | 1,422 | 1,673 | 1,184 | 3,604 | nmf |
| Total Interest Income | 17 | 28 | 53 | 58 | 28 | 232 | +68.3% |
| 85 | 85 | 261 | 566 | 481 | 30 | nmf | |
| Profit Before Tax | 207 | 220 | 1,737 | 1,164 | 731 | 3,806 | nmf |
| Total Income Tax | 0 | 0 | 0 | 129 | 0 | 0 | |
| Net Profit / (Loss) | 98 | 220 | 1,877 | 1,219 | 920 | 3,827 | nmf |
| Net Margin | 3.6% | 6.9% | 38.9% | 16.7% | 10.2% | 27.8% |
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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