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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 3,389 · FY2024 1,130 — 3-yr total 4,518
Georgian arm of Embawood, a furniture manufacturer/retailer originally from Azerbaijan.
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 21,023 | 16,990 | 12,709 | 12,520 | 16,553 | 13,040 | 17,918 | 32,916 | +6.6% |
| Total COGS | 16,729 | 13,337 | 9,507 | 8,682 | 11,667 | 8,839 | 9,922 | 20,033 | +2.6% |
| Gross Profit | 4,293 | 3,653 | 3,202 | 3,838 | 4,886 | 4,201 | 7,996 | 12,883 | +17.0% |
| Gross Margin | 20.4% | 21.5% | 25.2% | 30.7% | 29.5% | 32.2% | 44.6% | 39.1% | |
| Other Operating Income | 0 | 0 | 0 | 372 | 201 | 155 | 356 | 114 | -25.5% |
| 5,034 | 6,303 | 3,838 | 5,947 | 2,266 | 6,254 | 4,787 | 9,002 | +8.7% | |
| EBITDA | 740 | 2,651 | 635 | 1,738 | 2,820 | 1,899 | 3,565 | 3,996 | nmf |
| EBITDA Margin | 3.5% | 15.6% | 5.0% | 13.9% | 17.0% | 14.6% | 19.9% | 12.1% | |
| Total D&A | 345 | 310 | 236 | 431 | 738 | 594 | 178 | 158 | -10.6% |
| 0 | 153 | 0 | 32 | 52 | 735 | 725 | 290 | +11.2% | |
| EBIT / Operating Income | 1,085 | 3,114 | 872 | 2,200 | 2,134 | 3,227 | 2,662 | 3,548 | nmf |
| Total Interest Income | 0 | 0 | 0 | 0 | 98 | 0 | 0 | 23 | -38.6% |
| Total Interest Expense | 446 | 411 | 365 | 431 | 576 | 485 | 288 | 231 | -8.9% |
| 656 | 3 | 303 | 2,109 | 1,467 | 1,301 | 960 | 78 | nmf | |
| Profit Before Tax | 875 | 3,527 | 934 | 523 | 190 | 2,411 | 3,335 | 3,261 | nmf |
| Total Income Tax | 13 | 10 | 3 | 0 | 2 | 4 | 0 | 0 | -21.1% |
| Net Profit / (Loss) | 1,962 | 3,603 | 1,699 | 523 | 187 | 2,415 | 3,335 | 3,261 | nmf |
| Net Margin | 9.3% | 21.2% | 13.4% | 4.2% | 1.1% | 18.5% | 18.6% | 9.9% |
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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