ID 203826002 · FY 2017–2024 · 8 years
Subsidiary of სს ჯორჯია გლობალ იუთილითიზ (100.0%)
Georgian Water and Power LLC (GWP) is the regulated water-supply and wastewater utility for greater Tbilisi (~1.4m people, plus Rustavi and Mtskheta) and also runs small-hydro generation. It is the operating subsidiary of Georgia Global Utilities (GGU). Georgia Capital fully exited the water business, selling it to Spain's FCC Aqualia (majority in 2022; remaining stake completed July 2025), so GWP is now owned by FCC Aqualia — no longer a Georgia Capital company.
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 118,724 | 129,415 | 144,894 | 116,078 | 178,519 | 195,672 | 208,520 | 290,181 | +13.6% |
| Total COGS | 0 | 0 | -4,256 | -2,885 | -2,497 | -3,081 | -3,013 | -3,436 | -4.2% |
| Gross Profit | 118,724 | 129,415 | 140,638 | 113,193 | 176,022 | 192,591 | 205,507 | 286,745 | +13.4% |
| Gross Margin | 100.0% | 100.0% | 97.1% | 97.5% | 98.6% | 98.4% | 98.6% | 98.8% | |
| Total Operating Expenses | -29,603 | -56,845 | -59,213 | -60,321 | -65,331 | -68,624 | -92,870 | -114,137 | +21.3% |
| EBITDA | 89,121 | 72,570 | 81,425 | 52,872 | 110,691 | 123,967 | 112,637 | 172,608 | +9.9% |
| EBITDA Margin | 75.1% | 56.1% | 56.2% | 45.5% | 62.0% | 63.4% | 54.0% | 59.5% | |
| Total D&A | -17,771 | -21,303 | -25,715 | -29,971 | -30,948 | -31,927 | -37,260 | -47,530 | +15.1% |
| EBIT / Operating Income | 71,350 | 51,267 | 55,710 | 22,901 | 79,743 | 92,040 | 75,377 | 125,078 | +8.3% |
| Total Interest Income | 6,027 | 11,687 | 12,157 | 8,890 | 8,306 | 6,489 | 3,030 | 4,023 | -5.6% |
| Total Interest Expense | -13,793 | -16,293 | -22,663 | -43,248 | -36,345 | -31,460 | -29,604 | -38,933 | +16.0% |
| Total Other Income | -1,606 | -9,681 | -5,525 | -32,697 | 13,872 | 44,947 | -521 | -19,887 | +43.3% |
| Profit Before Tax | 61,978 | 36,980 | 39,679 | -44,154 | 65,576 | 112,016 | 48,282 | 70,281 | +1.8% |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 34,778 | 29,081 | 35,197 | -48,936 | 60,013 | 106,034 | 48,282 | 70,281 | +10.6% |
| Net Margin | 29.3% | 22.5% | 24.3% | -42.2% | 33.6% | 54.2% | 23.2% | 24.2% |
Ownership & directors from companyinfo.ge (public corporate registry).