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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 0 · FY2024 0
State-owned company managing Georgia's irrigation and drainage / amelioration infrastructure. PIE filer.
Subsidiary of Sakhelmtsipo (100.0%)
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 20,974 | 21,439 | 23,969 | 2,916 | 5,856 | 6,274 | 6,361 | 6,996 | -14.5% |
| Total COGS | 1,899 | 2,129 | 2,756 | 1,454 | 1,416 | 1,352 | 1,589 | 1,754 | -1.1% |
| Gross Profit | 19,075 | 19,310 | 21,213 | 1,462 | 4,440 | 4,922 | 4,772 | 5,242 | -16.9% |
| Gross Margin | 90.9% | 90.1% | 88.5% | 50.1% | 75.8% | 78.5% | 75.0% | 74.9% | |
| 8,135 | 22,634 | 23,658 | 28,227 | 32,669 | 37,470 | 39,253 | 41,391 | +26.2% | |
| EBITDA | 10,940 | 3,324 | 2,444 | 26,765 | 28,229 | 32,548 | 34,481 | 36,149 | nmf |
| EBITDA Margin | 52.2% | 15.5% | 10.2% | 917.9% | 482.1% | 518.8% | 542.1% | 516.7% | |
| Total D&A | 6,552 | 6,716 | 6,232 | 6,980 | 7,923 | 7,105 | 2,452 | 3,305 | -9.3% |
| Impairment (non-financial) | 36,645 | 29,497 | 20,504 | 0 | 0 | 0 | 0 | 0 | -25.2% |
| EBIT / Operating Income | 32,257 | 39,537 | 29,180 | 33,745 | 36,152 | 39,653 | 36,933 | 39,454 | +2.9% |
| Total Interest Income | 468 | 1,709 | 937 | 1,507 | 3,997 | 1,094 | 3,369 | 2,964 | +30.2% |
| Total Interest Expense | 940 | 1,374 | 1,298 | 0 | 0 | 0 | 0 | 0 | +17.5% |
| Total Other Income | 0 | 79 | 1,304 | 87,339 | 19,199 | 218 | 3,288 | 7,980 | nmf |
| Profit Before Tax | 32,729 | 39,280 | 30,846 | 119,577 | 12,956 | 38,341 | 30,276 | 28,510 | -2.0% |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 47,773 | 39,280 | 30,846 | 120,306 | 13,695 | 39,363 | 30,276 | 28,510 | -7.1% |
| Net Margin | 227.8% | 183.2% | 128.7% | 4125.7% | 233.9% | 627.4% | 476.0% | 407.5% | |
| Other Comprehensive Income | 0 | 0 | 0 | 5,250 | 0 | 31 | 0 | 0 | nmf |
| Total Comprehensive Income | 47,773 | 39,280 | 30,846 | 115,056 | 13,695 | 39,394 | 30,276 | 28,510 | -7.1% |
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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