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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Real Estate. Per the activity note to the FY2023 annual report, the company provides refrigerated and warehouse storage services. Founded in 2005; operates a warehouse complex owned by the company in Tbilisi.
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR |
|---|---|---|---|---|---|---|---|---|
| 2,043 | 2,433 | 2,065 | 2,438 | 2,575 | 3,061 | 3,341 | +8.5% | |
| Total COGS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Gross Profit | 2,043 | 2,433 | 2,065 | 2,438 | 2,575 | 3,061 | 3,341 | +8.5% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
| 1,906 | 2,275 | 2,016 | 2,065 | 2,392 | 2,980 | 2,794 | +6.6% | |
| EBITDA | 137 | 158 | 49 | 373 | 183 | 81 | 547 | +26.0% |
| EBITDA Margin | 6.7% | 6.5% | 2.4% | 15.3% | 7.1% | 2.6% | 16.4% | |
| Total D&A | 296 | 337 | 345 | 360 | 404 | 398 | 354 | +3.0% |
| EBIT / Operating Income | 159 | 179 | 296 | 13 | 221 | 317 | 193 | nmf |
| Total Interest Expense | 0 | 0 | 0 | 0 | 0 | 11 | 0 | |
| 0 | 0 | 0 | 0 | 9 | 28 | 61 | nmf | |
| Profit Before Tax | 159 | 179 | 296 | 13 | 230 | 300 | 254 | nmf |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 120 | 159 | 296 | 13 | 230 | 29 | 324 | +18.0% |
| Net Margin | 5.9% | 6.5% | 14.3% | 0.5% | 8.9% | 0.9% | 9.7% | |
| Other Comprehensive Income | 0 | 0 | 0 | 0 | 104 | 0 | 0 | |
| Total Comprehensive Income | 120 | 159 | 296 | 13 | 126 | 29 | 324 | +18.0% |
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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