Georgian Water and Power (შპს ჯორჯიან უოთერ ენდ ფაუერი)

panel 2026-09-21Ask

as filed · GEL, thousands

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	5,706	4,146	4,256	2,885	2,497	3,081	3,013	3,436	-7.0%
Gross Profit	113,018	125,269	140,638	113,193	176,022	192,591	205,507	286,745	+14.2%
Gross Margin	95.2%	96.8%	97.1%	97.5%	98.6%	98.4%	98.6%	98.8%
	29,603	56,845	59,213	54,613	60,406	62,754	86,670	100,822	+19.1%
EBITDA	83,415	68,424	81,425	58,580	115,616	129,837	118,837	185,923	+12.1%
EBITDA Margin	70.3%	52.9%	56.2%	50.5%	64.8%	66.4%	57.0%	64.1%
Total D&A	17,771	21,303	25,715	29,971	30,948	31,927	37,260	47,530	+15.1%
Impairment (non-financial)	0	0	0	5,708	4,925	5,870	6,200	13,315	+23.6%
EBIT / Operating Income	65,644	47,121	55,710	22,901	79,743	92,040	75,377	125,078	+9.6%
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%
	1,606	9,681	5,525	32,697	13,872	44,947	521	19,887	+43.3%
Profit Before Tax	56,272	32,834	39,679	44,154	65,576	112,016	48,282	70,281	+3.2%
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%

Georgian Water and Power