ID 203842333 · FY 2017–2023 · 7 years
Hotel operator owned by GMT Group, a major Georgian real-estate and hospitality developer; operates The Biltmore Tbilisi and Courtyard Marriott Tbilisi among others.
curated 2026-06-03reportal.gegmtgroup.ge
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 37,201 | 42,798 | 43,234 | 13,914 | 30,249 | 43,104 | 45,494 | +3.4% |
| Total COGS | -8,759 | -10,806 | -9,927 | -2,800 | -6,582 | -5,708 | -8,154 | -1.2% |
| Gross Profit | 28,442 | 31,992 | 33,307 | 11,114 | 23,667 | 37,396 | 37,340 | +4.6% |
| Gross Margin | 76.5% | 74.8% | 77.0% | 79.9% | 78.2% | 86.8% | 82.1% | |
| Total Operating Expenses | -7,375 | -20,355 | -22,124 | -12,837 | -17,673 | -27,837 | -32,374 | +28.0% |
| EBITDA | 21,067 | 11,637 | 11,183 | -1,723 | 5,994 | 9,559 | 4,966 | -21.4% |
| EBITDA Margin | 56.6% | 27.2% | 25.9% | -12.4% | 19.8% | 22.2% | 10.9% | |
| Total D&A | -3,259 | -5,923 | -6,731 | -8,866 | -9,633 | -13,164 | -9,881 | +20.3% |
| EBIT / Operating Income | 17,808 | 5,714 | 4,452 | -10,589 | -3,639 | -3,605 | -4,915 | nmf |
| Total Interest Income | 2,980 | 770 | 416 | 446 | 754 | 519 | 392 | -28.7% |
| Total Interest Expense | -11,883 | -15,334 | -18,439 | -21,997 | -23,596 | -20,642 | -26,256 | +14.1% |
| Total Other Income | 0 | -4,286 | -12,098 | -27,242 | 14,678 | 34,790 | 1,139 | nmf |
| Profit Before Tax | 8,905 | -13,136 | -25,669 | -59,382 | -11,803 | 11,062 | -29,640 | nmf |
| Total Income Tax | 15 | -83 | -86 | 0 | 0 | 0 | 0 | nmf |
| Net Profit / (Loss) | -1,497 | -14,344 | -27,021 | -59,540 | -12,836 | 11,062 | -29,640 | +64.5% |
| Net Margin | -4.0% | -33.5% | -62.5% | -427.9% | -42.4% | 25.7% | -65.2% |
Ownership & directors from companyinfo.ge (public corporate registry).