ID 204517433 · FY 2019–2024 · 6 years
Subsidiary of სააქციო საზოგადოება რახიინდეველოპმენტი (100.0%)
Georgian subsidiary of UAE-based Rakeen Development (Ras Al Khaimah) responsible for large mixed-use real estate projects in Tbilisi, including the Uptown Tbilisi development.
curated 2026-06-03europe-re.commeed.com
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|
| Total Revenue | 26,478 | 17,019 | 21,271 | 25,450 | 28,794 | 12,283 | -14.2% |
| Total COGS | 0 | 0 | 0 | 0 | 0 | 0 | |
| Gross Profit | 26,478 | 17,019 | 21,271 | 25,450 | 28,794 | 12,283 | -14.2% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
| Total Operating Expenses | -3,448 | -7,858 | -6,520 | -10,247 | -12,845 | -5,296 | +9.0% |
| EBITDA | 23,030 | 9,161 | 14,751 | 15,203 | 15,949 | 6,987 | -21.2% |
| EBITDA Margin | 87.0% | 53.8% | 69.3% | 59.7% | 55.4% | 56.9% | |
| Total D&A | -1 | -1 | -1 | -641 | -550 | -197 | nmf |
| EBIT / Operating Income | 23,030 | 9,160 | 14,751 | 14,562 | 15,399 | 6,790 | -21.7% |
| Total Interest Income | 2,884 | 2,532 | 3,127 | 2,067 | 357 | 195 | -41.7% |
| Total Interest Expense | -36,921 | -45,495 | -24,281 | -20,395 | -16,648 | -4,863 | -33.3% |
| Total Other Income | 28,058 | -27,285 | 7,504 | 38,161 | 100,821 | 36,491 | +5.4% |
| Profit Before Tax | 17,051 | -61,088 | 1,101 | 34,395 | 99,929 | 38,613 | +17.8% |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 12,565 | -65,444 | 16,547 | 33,349 | 99,929 | 38,613 | +25.2% |
| Net Margin | 47.5% | -384.5% | 77.8% | 131.0% | 347.0% | 314.4% |
Ownership & directors from companyinfo.ge (public corporate registry).