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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 15,418 — 3-yr total 15,418
Operator of Express Pay self-service payment terminals and related fintech infrastructure in Georgia.
Group parent — controls 1 company · ownership
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 96.6% | 95.4% | 95.8% | 90.2% | 93.4% | 96.3% | 95.0% | 94.7% |
| EBITDA Margin | 66.1% | 34.1% | 35.9% | 34.3% | 48.0% | 52.7% | 50.3% | 46.3% |
| EBITDAR | 17,340 | 12,173 | 11,861 | 12,104 | 23,731 | 31,666 | 35,423 | 37,581 |
| EBITDAR Margin | 73.4% | 41.1% | 35.9% | 34.3% | 48.0% | 52.7% | 50.3% | 46.3% |
| EBIT Margin | 50.2% | 19.4% | 16.4% | 10.7% | 26.9% | 34.3% | 33.5% | 31.3% |
| Net Profit Margin | 11.8% | 15.5% | 10.8% | 5.2% | 22.3% | 30.9% | 35.5% | 32.9% |
| Operating Expense % of Sales | 30.5% | 61.3% | 59.9% | 55.9% | 45.5% | 43.6% | 44.7% | 48.3% |
| Returns | ||||||||
| Return on Assets (ROA) | 3.8% | 6.0% | 4.2% | 1.8% | 9.3% | 14.1% | 15.6% | 15.1% |
| Return on Equity (ROE) | 8.6% | 12.4% | 8.8% | 4.3% | 21.6% | 26.7% | 25.7% | 24.6% |
| ROIC [EBIT / Invested Capital] | N/A | 150.2% | 66.1% | N/A | N/A | N/A | 1040.4% | 117.7% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 0.0% | 0.0% | 0.0% | 1.0% | 0.6% | 0.3% | 2.9% | 2.3% |
| Debt-to-Equity | 0.00x | 0.00x | 0.00x | 0.02x | 0.01x | 0.01x | 0.05x | 0.04x |
| Debt-to-EBITDA | 0.00x | 0.00x | 0.00x | 0.08x | 0.03x | 0.01x | 0.13x | 0.11x |
| Equity-to-Assets | 44.4% | 48.6% | 47.3% | 42.4% | 43.0% | 52.8% | 60.5% | 61.5% |
| Net Debt | -43,534 | -33,156 | -32,375 | -44,724 | -64,671 | -77,720 | -94,963 | -86,986 |
| Cash & Equivalents | 43,534 | 33,156 | 32,375 | 45,698 | 65,384 | 78,074 | 99,663 | 90,975 |
| Total Debt | N/A | N/A | N/A | 974 | 713 | 354 | 4,700 | 3,989 |
| Liquidity & working capital | ||||||||
| Current Ratio | 1.21x | 1.19x | 1.26x | 1.23x | 1.21x | 1.40x | 0.00x | 1.96x |
| Quick Ratio | 1.16x | 1.08x | 1.12x | 1.17x | 1.17x | 1.35x | -0.04x | 1.89x |
| Cash Ratio | 1.07x | 0.96x | 0.99x | 1.06x | 1.06x | 1.20x | 1.67x | 1.40x |
| Total Current Assets | 49,121 | 41,248 | 41,456 | 52,832 | 75,095 | 91,067 | 114 | 127,078 |
| Total Current Liabilities | 40,516 | 34,690 | 32,791 | 43,013 | 61,833 | 65,000 | 59,823 | 64,995 |
| Inventory | 2,002 | 3,710 | 4,881 | 2,712 | 3,055 | 3,493 | 2,605 | 4,520 |
| Trade Receivables | 1,670 | 1,903 | 1,805 | 2,445 | 3,548 | 4,341 | 3,593 | 3,245 |
| Trade Payables | 39,800 | 30,270 | 28,116 | 38,307 | 49,175 | 55,304 | 58,734 | 63,667 |
| Net Working Capital | 8,605 | 6,558 | 8,665 | 9,819 | 13,262 | 26,067 | -59,709 | 62,083 |
| Net Working Capital % of Revenue | 36.4% | 22.2% | 26.2% | 27.8% | 26.8% | 43.4% | -84.7% | 76.6% |
| Trade Working Capital | -36,128 | -24,657 | -21,430 | -33,150 | -42,572 | -47,470 | -52,536 | -55,902 |
| Trade Working Capital % of Revenue | -152.9% | -83.3% | -64.9% | -93.9% | -86.1% | -79.0% | -74.6% | -68.9% |
| Change in Trade Working Capital | N/A | 11,471 | 3,227 | -11,720 | -9,422 | -4,898 | -5,066 | -3,366 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 0.40x | 0.37x | 0.28x | 1.28x | 1.06x | 0.64x | 1.36x | 0.96x |
| Days Inventory Outstanding (DIO) | 922.6 | 999.4 | 1298.5 | 285.9 | 342.9 | 567.1 | 269.1 | 381.4 |
| Receivables Turnover | 14.15x | 15.55x | 18.30x | 14.44x | 13.94x | 13.85x | 19.61x | 24.99x |
| Days Sales Outstanding (DSO) | 25.8 | 23.5 | 20.0 | 25.3 | 26.2 | 26.4 | 18.6 | 14.6 |
| Payables Turnover | 0.02x | 0.04x | 0.05x | 0.09x | 0.07x | 0.04x | 0.06x | 0.07x |
| Days Payable Outstanding (DPO) | 18342.2 | 8153.9 | 7479.8 | 4038.7 | 5519.3 | 8979.5 | 6067.9 | 5371.8 |
| Cash Conversion Cycle | -17393.7 days | -7131.1 days | -6161.4 days | -3727.5 days | -5150.3 days | -8386.0 days | -5780.2 days | -4975.8 days |
| Asset Turnover | 0.32x | 0.39x | 0.39x | 0.35x | 0.42x | 0.46x | 0.44x | 0.46x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 17,517 | 5,346 | 13,995 | 23,647 | 31,492 | 23,485 | 35,342 | 43,219 |
| Free Cash Flow (OCF − Capex proxy) | 17,517 | -10,378 | -342 | 13,773 | 21,263 | 13,299 | 19,358 | 7,676 |
| Cash Conversion (OCF / EBITDA) | 112.1% | 53.0% | 118.0% | 195.4% | 132.7% | 74.2% | 99.8% | 115.0% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,418 |
| Dividend Payout Ratio | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 57.8% |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in GEL, thousands. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.
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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