ID 204557014 · FY 2017–2024 · 8 years
Subsidiary of შპს რაკიინ დეველოპმენტი (84.7%)
Special-purpose vehicle of UAE's Rakeen Development for the Uptown Tbilisi mixed-use residential, office and retail project on Telavi Street.
curated 2026-06-03europe-re.com
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 26,310 | 24,637 | 26,478 | 17,019 | 21,271 | 25,450 | 28,794 | 12,283 | -10.3% |
| Total COGS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Gross Profit | 26,310 | 24,637 | 26,478 | 17,019 | 21,271 | 25,450 | 28,794 | 12,283 | -10.3% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
| Total Operating Expenses | -12,014 | -10,710 | -10,834 | -8,596 | -10,041 | -10,516 | 49,783 | -4,203 | -13.9% |
| EBITDA | 14,296 | 13,927 | 15,644 | 8,423 | 11,230 | 14,934 | 78,577 | 8,080 | -7.8% |
| EBITDA Margin | 54.3% | 56.5% | 59.1% | 49.5% | 52.8% | 58.7% | 272.9% | 65.8% | |
| Total D&A | -534 | -524 | -620 | -687 | -692 | -641 | -550 | -193 | -13.5% |
| EBIT / Operating Income | 13,762 | 13,403 | 15,024 | 7,736 | 10,538 | 14,293 | 78,027 | 7,887 | -7.6% |
| Total Interest Income | 14 | 276 | 440 | 404 | 316 | 284 | 240 | 195 | +45.7% |
| Total Interest Expense | -15,425 | -14,459 | -17,031 | -17,611 | -18,815 | -17,643 | -16,044 | -4,256 | -16.8% |
| Total Other Income | 17,765 | 1,633 | 11,407 | -51,009 | 28,034 | 19,279 | 36,502 | 11,994 | -5.5% |
| Profit Before Tax | 16,116 | 853 | 9,840 | -60,480 | 20,073 | 16,213 | 98,725 | 15,820 | -0.3% |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 14,962 | -136 | 8,568 | -61,866 | 18,779 | 15,167 | 98,725 | 15,820 | +0.8% |
| Net Margin | 56.9% | -0.6% | 32.4% | -363.5% | 88.3% | 59.6% | 342.9% | 128.8% |
Ownership & directors from companyinfo.ge (public corporate registry).