Ratio	2018	2019	2020	2021	2022	2023	2024
Margins
Gross Margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
EBITDA Margin	54.8%	28.5%	25.7%	38.7%	26.7%	24.4%	36.2%
EBITDAR	2,987	1,355	1,736	3,960	2,220	2,028	3,544
EBITDAR Margin	54.8%	28.5%	25.7%	38.7%	26.7%	24.4%	36.2%
EBIT Margin	53.5%	27.2%	24.9%	38.0%	25.7%	23.4%	35.4%
Net Profit Margin	51.0%	21.8%	21.9%	31.8%	22.9%	21.5%	32.4%
Operating Expense % of Sales	45.2%	71.5%	74.3%	61.3%	73.3%	75.6%	63.8%
Returns
Return on Assets (ROA)	65.9%	32.9%	43.8%	100.0%	49.7%	42.6%	66.2%
Return on Equity (ROE)	72.8%	33.8%	50.5%	116.4%	55.6%	48.5%	69.7%
ROIC [EBIT / Invested Capital]	137.0%	83.6%	88.8%	196.1%	86.6%	92.2%	122.3%
Leverage & debt balances
Debt-to-Assets	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Debt-to-Equity	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Debt-to-EBITDA	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Equity-to-Assets	90.6%	97.4%	86.7%	85.9%	89.5%	87.7%	94.9%
Net Debt	-1,698	-1,518	-1,032	-811	-951	-1,570	-1,708
Cash & Equivalents	1,698	1,518	1,032	811	951	1,570	1,708
Total Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Liquidity & working capital
Current Ratio	10.08x	25.80x	3.88x	4.49x	6.81x	4.95x	16.64x
Quick Ratio	10.08x	25.80x	3.88x	4.49x	6.81x	4.95x	16.64x
Cash Ratio	8.91x	37.26x	2.44x	2.04x	2.88x	3.87x	11.47x
Total Current Assets	1,920	1,051	1,637	1,784	2,250	2,009	2,479
Total Current Liabilities	191	41	422	397	330	406	149
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Trade Receivables	1,920	1,051	1,637	1,782	2,250	2,009	2,479
Trade Payables	191	41	422	397	330	406	149
Net Working Capital	1,730	1,010	1,215	1,387	1,920	1,603	2,330
Net Working Capital % of Revenue	31.7%	21.2%	18.0%	13.6%	23.1%	19.3%	23.8%
Trade Working Capital	1,730	1,010	1,215	1,385	1,919	1,603	2,330
Trade Working Capital % of Revenue	31.7%	21.2%	18.0%	13.5%	23.1%	19.3%	23.8%
Change in Trade Working Capital	N/A	-719	205	170	534	-316	727
Turnover & efficiency
Inventory Turnover	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Receivables Turnover	2.84x	4.52x	4.12x	5.74x	3.70x	4.14x	3.95x
Days Sales Outstanding (DSO)	128.5	80.7	88.5	63.6	98.7	88.2	92.4
Payables Turnover	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Days Payable Outstanding (DPO)	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash Conversion Cycle	128.5 days	80.7 days	88.5 days	63.6 days	98.7 days	88.2 days	92.4 days
Asset Turnover	1.29x	1.51x	2.00x	3.15x	2.18x	1.98x	2.05x
Cash flow & dividends
Operating Cash Flow	642	-180	-485	-221	140	619	138
Free Cash Flow (OCF − Capex proxy)	642	-180	-485	-221	140	619	138
Cash Conversion (OCF / EBITDA)	21.5%	-13.3%	-28.0%	-5.6%	6.3%	30.5%	3.9%
Dividends Declared	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend Payout Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in ₾ '000. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.

Ownership & group structure

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.

companyinfo.ge · fetched 2026-07-15

Shareholders

ბიქტორი კოპალიანი30.0%
დიმიტრი უკლება17.5%
დავით აბრამალაძე17.5%
თემურ თოდრაძე17.5%

Key metrics

Revenue & margins

Financial statements

Ownership & group structure

Shareholders

Directors & board