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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2021 0 · FY2022 0 · FY2023 0
Limited public information available beyond the Reportal filing.
Subsidiary of IBG Holding (100.0%)
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR |
|---|---|---|---|---|---|---|---|
| Total Revenue | 77,686 | 66,108 | 78,772 | 128,752 | 156,482 | 156,851 | +15.1% |
| Total COGS | 63,200 | 55,571 | 67,301 | 105,690 | 134,783 | 129,929 | +15.5% |
| Gross Profit | 14,487 | 10,537 | 11,471 | 23,062 | 21,699 | 26,922 | +13.2% |
| Gross Margin | 18.6% | 15.9% | 14.6% | 17.9% | 13.9% | 17.2% | |
| Other Operating Income | 0 | 7,049 | 4,276 | 5,099 | 2,933 | 3,457 | -16.3% |
| 15,551 | 15,801 | 10,680 | 9,375 | 10,089 | 11,029 | -6.6% | |
| EBITDA | 1,065 | 1,785 | 5,067 | 18,786 | 14,543 | 19,350 | nmf |
| EBITDA Margin | 1.4% | 2.7% | 6.4% | 14.6% | 9.3% | 12.3% | |
| Total D&A | 0 | 546 | 411 | 607 | 752 | 756 | +8.5% |
| Impairment (non-financial) | 0 | 0 | 0 | 0 | 0 | 3,448 | |
| EBIT / Operating Income | 1,065 | 1,238 | 4,656 | 18,179 | 13,791 | 15,146 | nmf |
| Total Interest Income | 2,750 | 2,487 | 795 | 0 | 848 | 923 | -19.6% |
| Total Interest Expense | 14,034 | 18,357 | 13,403 | 14,546 | 15,613 | 11,632 | -3.7% |
| 3,596 | 10,274 | 6,323 | 1,341 | 379 | 187 | -44.6% | |
| Profit Before Tax | 8,753 | 24,906 | 1,629 | 4,974 | 595 | 4,624 | nmf |
| Total Income Tax | 19 | 0 | 0 | 0 | 0 | 28 | +7.7% |
| Net Profit / (Loss) | 8,772 | 24,906 | 1,629 | 4,974 | 595 | 4,596 | nmf |
| Net Margin | 11.3% | 37.7% | 2.1% | 3.9% | 0.4% | 2.9% |
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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