* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 20,000 — 3-yr total 20,000
Georgia's leading card-processing and electronic-payments company, providing switching and acquiring services to most Georgian banks. Majority-owned by Bank of Georgia.
Group parent — controls 1 company · ownership
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 16,233 | 18,923 | 22,736 | 27,089 | 33,378 | 42,340 | 53,186 | 64,751 | +21.9% |
| Total COGS | 743 | 1,355 | 1,320 | 3,402 | 3,188 | 2,156 | 3,463 | 4,254 | +28.3% |
| Gross Profit | 15,490 | 17,568 | 21,416 | 23,687 | 30,190 | 40,184 | 49,723 | 60,497 | +21.5% |
| Gross Margin | 95.4% | 92.8% | 94.2% | 87.4% | 90.4% | 94.9% | 93.5% | 93.4% | |
| 4,252 | 11,758 | 12,503 | 13,409 | 15,976 | 18,313 | 21,862 | 28,826 | +31.4% | |
| EBITDA | 11,238 | 5,810 | 8,913 | 10,278 | 14,214 | 21,871 | 27,861 | 31,671 | +16.0% |
| EBITDA Margin | 69.2% | 30.7% | 39.2% | 37.9% | 42.6% | 51.7% | 52.4% | 48.9% | |
| Total D&A | 3,242 | 3,671 | 4,912 | 5,823 | 7,225 | 7,508 | 7,832 | 7,812 | +13.4% |
| Impairment (non-financial) | 0 | 0 | 0 | 41 | 79 | 4 | 0 | 0 | -68.8% |
| EBIT / Operating Income | 7,996 | 2,139 | 4,001 | 4,414 | 6,910 | 14,359 | 20,029 | 23,859 | +16.9% |
| Total Interest Income | 18 | 23 | 8 | 4 | 0 | 289 | 1,476 | 1,277 | +83.8% |
| Total Interest Expense | 9 | 0 | 71 | 92 | 70 | 94 | 137 | 351 | +68.8% |
| 15 | 40 | 22 | 44 | 30 | 87 | 44 | 270 | +51.1% | |
| Profit Before Tax | 7,990 | 2,122 | 3,960 | 4,370 | 6,810 | 14,467 | 21,324 | 24,515 | +17.4% |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 1,654 | 1,748 | 3,499 | 3,747 | 6,129 | 13,852 | 21,324 | 24,515 | +47.0% |
| Net Margin | 10.2% | 9.2% | 15.4% | 13.8% | 18.4% | 32.7% | 40.1% | 37.9% |
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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