ID 204566978 · FY 2017–2024 · 8 years
Group parent — controls 3 companies
JSC Silknet is Georgia's largest fixed-line telecom and second-largest mobile operator. Provides FTTH broadband, IPTV and fixed voice nationwide, plus mobile services after the 2018 acquisition of Geocell. Controlled by Silk Road Group / Ramishvili family.
curated 2026-06-03silknet.comen.wikipedia.org
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 172,625 | 344,310 | 387,155 | 382,155 | 413,419 | 472,965 | 536,433 | 581,970 | +19.0% |
| Total COGS | -41,088 | -77,578 | -69,179 | -70,128 | -71,917 | -70,269 | -70,465 | -73,079 | +8.6% |
| Gross Profit | 131,537 | 266,732 | 317,976 | 312,027 | 341,502 | 402,696 | 465,968 | 508,891 | +21.3% |
| Gross Margin | 76.2% | 77.5% | 82.1% | 81.6% | 82.6% | 85.1% | 86.9% | 87.4% | |
| Total Operating Expenses | -25,868 | -83,427 | -106,077 | -106,163 | -112,325 | -120,630 | -156,619 | -152,372 | +28.8% |
| EBITDA | 105,669 | 183,305 | 211,899 | 205,864 | 229,177 | 282,066 | 309,349 | 356,519 | +19.0% |
| EBITDA Margin | 61.2% | 53.2% | 54.7% | 53.9% | 55.4% | 59.6% | 57.7% | 61.3% | |
| Total D&A | -38,548 | -98,459 | -111,662 | -117,444 | -116,995 | -119,505 | -118,737 | -114,822 | +16.9% |
| EBIT / Operating Income | 67,121 | 84,846 | 100,237 | 88,420 | 112,182 | 162,561 | 190,612 | 241,697 | +20.1% |
| Total Interest Income | 397 | 2,722 | 4,298 | 4,415 | 4,140 | 4,798 | 12,144 | 17,172 | +71.3% |
| Total Interest Expense | -13,856 | -47,242 | -101,160 | -90,462 | -89,629 | -115,963 | -54,072 | -57,890 | +22.7% |
| Total Other Income | -818 | -41,642 | -43,797 | -86,106 | 19,782 | 87,598 | 5,671 | -6,737 | +35.2% |
| Profit Before Tax | 52,844 | -1,316 | -40,422 | -83,733 | 46,475 | 138,994 | 154,355 | 194,242 | +20.4% |
| Total Income Tax | -597 | -718 | -1,241 | 723 | -334 | -340 | -258 | -216 | -13.5% |
| Net Profit / (Loss) | 17,497 | -10,276 | -46,096 | -87,160 | 41,493 | 134,516 | 154,097 | 194,026 | +41.0% |
| Net Margin | 10.1% | -3.0% | -11.9% | -22.8% | 10.0% | 28.4% | 28.7% | 33.3% |
Ownership & directors from companyinfo.ge (public corporate registry).