ID 204995176 · FY 2017–2024 · 8 years
Group parent — controls 1 company
JSC Georgian State Electrosystem (GSE) is the state-owned national electricity transmission system operator (TSO). Owns and operates Georgia's high-voltage grid (500/400/220/110 kV lines) and the country's cross-border interconnections to Russia, Turkey, Armenia and Azerbaijan.
curated 2026-06-03gse.com.geen.wikipedia.org
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 147,400 | 236,817 | 234,321 | 181,865 | 297,224 | 346,172 | 339,354 | 354,866 | +13.4% |
| Total COGS | -7,695 | -22,408 | -29,561 | -36,991 | -45,777 | -47,412 | -41,544 | -43,170 | +27.9% |
| Gross Profit | 139,705 | 214,409 | 204,760 | 144,874 | 251,447 | 298,760 | 297,810 | 311,696 | +12.1% |
| Gross Margin | 94.8% | 90.5% | 87.4% | 79.7% | 84.6% | 86.3% | 87.8% | 87.8% | |
| Total Operating Expenses | -262,746 | -95,078 | -57,651 | 116,491 | -56,808 | -51,841 | -96,535 | -101,046 | -12.8% |
| EBITDA | -123,041 | 119,331 | 147,109 | 261,365 | 194,639 | 246,919 | 201,275 | 210,650 | nmf |
| EBITDA Margin | -83.5% | 50.4% | 62.8% | 143.7% | 65.5% | 71.3% | 59.3% | 59.4% | |
| Total D&A | -56,010 | -46,924 | -45,121 | -47,362 | -64,526 | -71,178 | -72,300 | -76,621 | +4.6% |
| EBIT / Operating Income | -179,051 | 72,407 | 101,988 | 214,003 | 130,113 | 175,741 | 128,975 | 134,029 | nmf |
| Total Interest Income | 2,743 | 7,779 | 28,544 | 15,687 | 13,076 | 10,569 | 20,354 | 15,865 | +28.5% |
| Total Interest Expense | -27,500 | -27,843 | -20,803 | -30,797 | -35,972 | -42,013 | -43,497 | -37,892 | +4.7% |
| Total Other Income | 0 | 1,106 | -54,804 | -229,717 | 133,467 | 167,521 | -20,863 | 1,024 | -1.3% |
| Profit Before Tax | -203,808 | 53,449 | 54,925 | -30,824 | 240,684 | 311,818 | 84,969 | 113,026 | nmf |
| Total Income Tax | 0 | 0 | 0 | -10,350 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | -320,324 | 46,785 | 44,423 | -47,865 | 234,794 | 304,444 | 84,969 | 113,026 | nmf |
| Net Margin | -217.3% | 19.8% | 19.0% | -26.3% | 79.0% | 87.9% | 25.0% | 31.9% |
Ownership & directors from companyinfo.ge (public corporate registry).