* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 4,818 · FY2023 7,214 · FY2024 0 — 3-yr total 12,032
Operates in Real Estate. Per the activity note to the FY2024 annual report, the company rents out office spaces. Also owns 100% stake in Club 71, which rents out properties.
Group parent — controls 2 companies · ownership
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 5,705 | 4,841 | 5,164 | 4,334 | 7,999 | 14,868 | 13,256 | 17,958 | +17.8% |
| Total COGS | 2,872 | 931 | 817 | 380 | 372 | 5,586 | 683 | 2,783 | -0.4% |
| Gross Profit | 2,833 | 3,910 | 4,348 | 3,954 | 7,627 | 9,282 | 12,572 | 15,175 | +27.1% |
| Gross Margin | 49.7% | 80.8% | 84.2% | 91.2% | 95.3% | 62.4% | 94.8% | 84.5% | |
| 525 | 1,137 | 1,186 | 653 | 2,148 | 2,722 | 2,932 | 3,061 | +28.6% | |
| EBITDA | 2,308 | 2,773 | 3,162 | 3,301 | 5,479 | 6,560 | 9,640 | 12,114 | +26.7% |
| EBITDA Margin | 40.5% | 57.3% | 61.2% | 76.2% | 68.5% | 44.1% | 72.7% | 67.5% | |
| Total D&A | 1,351 | 450 | 431 | 431 | 159 | 187 | 234 | 233 | -22.2% |
| EBIT / Operating Income | 957 | 2,323 | 2,731 | 2,870 | 5,320 | 6,372 | 9,406 | 11,881 | +43.3% |
| Total Interest Income | 41 | 13 | 30 | 40 | 81 | 75 | 675 | 173 | +22.6% |
| Total Interest Expense | 1,690 | 1,195 | 1,441 | 1,535 | 6,905 | 6,259 | 7,704 | 8,959 | +26.9% |
| 2 | 3,214 | 1,549 | 1,891 | 3,268 | 3,831 | 31,167 | 3,024 | nmf | |
| Profit Before Tax | 693 | 4,355 | 229 | 516 | 4,772 | 4,020 | 33,545 | 6,119 | nmf |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 1,211 | 3,986 | 405 | 516 | 4,772 | 4,020 | 33,545 | 6,119 | nmf |
| Net Margin | 21.2% | 82.3% | 7.9% | 11.9% | 59.7% | 27.0% | 253.1% | 34.1% | |
| Other Comprehensive Income | 0 | 0 | 0 | 0 | 36,765 | 0 | 0 | 0 | |
| Total Comprehensive Income | 1,211 | 3,986 | 405 | 516 | 41,537 | 4,020 | 33,545 | 6,119 | nmf |
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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