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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2019 0 · FY2020 0 · FY2021 0
Operates in Real Estate. Per the activity note to the FY2024 annual report, the company leases and manages commercial real estate properties. Founded in 2005; owns and manages commercial spaces in central Tbilisi.
Group parent — controls 1 company · ownership
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|
| 2,912 | 4,603 | 2,920 | 2,728 | 2,776 | 2,753 | 3,453 | +2.9% | |
| Total COGS | 190 | 1,688 | 350 | 59 | 71 | 0 | 35 | -24.6% |
| Gross Profit | 2,722 | 2,915 | 2,571 | 2,670 | 2,705 | 2,753 | 3,418 | +3.9% |
| Gross Margin | 93.5% | 63.3% | 88.0% | 97.9% | 97.5% | 100.0% | 99.0% | |
| 298 | 1,541 | 577 | 978 | 639 | 1,403 | 1,889 | +36.1% | |
| EBITDA | 2,425 | 1,374 | 1,993 | 1,691 | 2,066 | 1,350 | 1,529 | -7.4% |
| EBITDA Margin | 83.3% | 29.8% | 68.3% | 62.0% | 74.4% | 49.1% | 44.3% | |
| Total D&A | 17 | 296 | 268 | 140 | 0 | 0 | 0 | +101.8% |
| EBIT / Operating Income | 2,408 | 1,078 | 1,725 | 1,551 | 2,066 | 1,350 | 1,529 | -7.3% |
| Total Interest Income | 141 | 154 | 149 | 138 | 23 | 13 | 184 | +4.6% |
| Total Interest Expense | 1,161 | 845 | 973 | 983 | 504 | 773 | 1,121 | -0.6% |
| 7,536 | 787 | 1,790 | 492 | 1,840 | 38 | 6,304 | nmf | |
| Profit Before Tax | 8,924 | 401 | 889 | 214 | 3,426 | 552 | 5,712 | nmf |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 8,864 | 313 | 888 | 389 | 3,426 | 1,071 | 4,503 | nmf |
| Net Margin | 304.4% | 6.8% | 30.4% | 14.3% | 123.4% | 38.9% | 130.4% |
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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