Georgian State Electrosystem (სს საქართველოს სახელმწიფო ელექტროსისტემა)

panel 2026-09-21Ask

separate · GEL, thousands

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%
Other Operating Income	0	0	7,647	14,656	10,587	8,040	3,984	7,574	-0.2%
	12,629	52,373	60,260	66,160	67,395	59,881	100,519	108,620	+36.0%
EBITDA	127,076	162,036	152,147	93,370	194,639	246,919	201,275	210,650	+7.5%
EBITDA Margin	86.2%	68.4%	64.9%	51.3%	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%
	250,117	42,705	5,038	167,995	0	0	0	0	nmf
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	25,629	30,797	35,972	42,013	43,497	37,892	+4.7%
	0	1,106	54,804	229,717	133,467	167,521	20,863	1,024	-1.3%
Profit Before Tax	203,808	53,449	50,099	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%

Georgian State Electrosystem