* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
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.
Group parent — controls 1 company · ownership
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| 75,541 | 136,598 | 175,583 | 150,139 | 66,710 | 224,292 | 208,127 | 193,838 | +14.4% | |
| 1,024,834 | 1,019,074 | 1,033,330 | 1,237,958 | 1,423,627 | 1,476,473 | 1,658,797 | 1,747,251 | +7.9% | |
| TOTAL ASSETS | 1,100,375 | 1,155,672 | 1,208,913 | 1,388,097 | 1,490,337 | 1,700,765 | 1,866,924 | 1,941,089 | +8.4% |
| 506,950 | 626,245 | 161,539 | 311,501 | 210,880 | 230,025 | 356,611 | 361,177 | -4.7% | |
| 770,875 | 591,335 | 1,050,834 | 1,169,639 | 1,127,818 | 968,156 | 910,030 | 844,860 | +1.3% | |
| TOTAL LIABILITIES | 1,277,825 | 1,217,580 | 1,212,373 | 1,481,140 | 1,338,698 | 1,198,181 | 1,266,641 | 1,206,037 | -0.8% |
| 177,450 | 61,908 | 3,460 | 93,043 | 151,639 | 502,584 | 600,283 | 735,052 | nmf | |
| Balance Check (Assets - L&E) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Debt analysis | |||||||||
| Total Debt | 1,054,283 | 993,244 | 1,002,088 | 1,222,437 | 1,174,142 | 1,013,821 | 1,027,882 | 967,544 | -1.2% |
| Cash & Equivalents | 47,295 | 71,016 | 101,157 | 79,685 | 21,382 | 178,429 | 144,407 | 134,516 | +16.1% |
| Net Debt | 1,006,988 | 922,228 | 900,931 | 1,142,752 | 1,152,760 | 835,392 | 883,475 | 833,028 | -2.7% |
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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