* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 2,913 · FY2023 5,122 · FY2024 0 — 3-yr total 8,035
Operates in Telecom — Network Infrastructure. Per the activity note to the FY2024 annual report, the company provides telecommunication network installation, equipment setup, software upgrade and maintenance services to mobile operators in Georgia.
Subsidiary of Utskhouri Satsarmos Branch Kooperativihuauei Teknolojis Kooperativ U.a (100.0%)
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 18,281 | 12,230 | 11,762 | 13,883 | 15,555 | 19,200 | 18,566 | 39,273 | +11.5% |
| Total COGS | 9,168 | 9,367 | 7,801 | 10,779 | 10,603 | 13,425 | 11,659 | 32,409 | +19.8% |
| Gross Profit | 9,113 | 2,863 | 3,961 | 3,104 | 4,952 | 5,775 | 6,907 | 6,864 | -4.0% |
| Gross Margin | 49.8% | 23.4% | 33.7% | 22.4% | 31.8% | 30.1% | 37.2% | 17.5% | |
| 4,864 | 1,263 | 3,158 | 2,567 | 3,207 | 1,537 | 2,887 | 2,502 | -9.1% | |
| EBITDA | 4,249 | 1,600 | 803 | 537 | 1,745 | 4,238 | 4,020 | 4,362 | +0.4% |
| EBITDA Margin | 23.2% | 13.1% | 6.8% | 3.9% | 11.2% | 22.1% | 21.7% | 11.1% | |
| Total D&A | 242 | 325 | 374 | 111 | 190 | 65 | 20 | 22 | -29.0% |
| EBIT / Operating Income | 4,007 | 1,275 | 429 | 426 | 1,555 | 4,173 | 4,000 | 4,340 | +1.1% |
| Total Interest Income | 0 | 364 | 468 | 756 | 0 | 0 | 127 | 90 | -20.8% |
| Total Interest Expense | 303 | 0 | 0 | 0 | 780 | 1,550 | 0 | 0 | +38.6% |
| Total Other Income | 352 | 58 | 78 | 126 | 21 | 8 | 0 | 0 | nmf |
| Profit Before Tax | 4,056 | 1,697 | 975 | 1,056 | 796 | 2,615 | 4,127 | 4,430 | +1.3% |
| Total Income Tax | 0 | 0 | 0 | 202 | 7 | 4 | 760 | 30 | -37.9% |
| Net Profit / (Loss) | 1,279 | 1,000 | 975 | 854 | 789 | 2,611 | 3,367 | 4,400 | +19.3% |
| Net Margin | 7.0% | 8.2% | 8.3% | 6.2% | 5.1% | 13.6% | 18.1% | 11.2% |
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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