* 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 |
|---|---|---|---|---|---|---|---|---|---|
| Net Cash from Operating Activities | 96,754 | 138,770 | 123,566 | 69,819 | 144,745 | 183,502 | 158,136 | 129,738 | +4.3% |
| Net Cash used in Investing Activities | 0 | 81,822 | 50,428 | 40,334 | 92,019 | 82,145 | 190,510 | 101,623 | +3.7% |
| Free Cash Flow (OCF − Capex proxy) | 96,754 | 56,948 | 73,138 | 29,485 | 52,726 | 101,357 | 32,374 | 28,115 | -16.2% |
| Net Cash from Financing Activities | 0 | 33,347 | 43,212 | 52,909 | 110,027 | 58,288 | 1,491 | 38,195 | +2.3% |
| Net Change in Cash (before FX) | 96,754 | 23,601 | 29,926 | 23,424 | 57,301 | 159,645 | 33,865 | 10,080 | nmf |
| Effect of FX on Cash | 0 | 120 | 215 | 1,952 | 1,002 | 2,598 | 157 | 189 | +7.9% |
| Net Change in Cash (incl. FX) | 96,754 | 23,721 | 30,141 | 21,472 | 58,303 | 157,047 | 34,022 | 9,891 | nmf |
| Cash at Beginning of Year | 0 | 47,295 | 71,016 | 101,157 | 79,685 | 21,382 | 178,429 | 144,407 | +20.4% |
| Cash at End of Year | 0 | 71,016 | 101,157 | 79,685 | 21,382 | 178,429 | 144,407 | 134,516 | +11.2% |
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).
Ranked by how close each latest revenue is to this one — not a curated comp set. Open this set in Compare →