* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 21,236 · FY2023 11,851 · FY2024 12,045 — 3-yr total 45,132
GRC LLC is a major Georgian importer, manufacturer and wholesaler of construction and building materials, operating since 2003. Exclusive Georgian distributor of BASF, Firestone, Ursa, Technonicol, SSAB and VELUX, serving contractors and retail nationwide.
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 80,232 | 130,865 | 167,600 | 163,235 | 289,739 | 266,310 | 261,161 | 328,144 | +22.3% |
| Total COGS | 63,977 | 112,720 | 143,161 | 136,777 | 224,789 | 233,751 | 217,150 | 276,979 | +23.3% |
| Gross Profit | 16,255 | 18,145 | 24,439 | 26,458 | 64,950 | 32,559 | 44,011 | 51,165 | +17.8% |
| Gross Margin | 20.3% | 13.9% | 14.6% | 16.2% | 22.4% | 12.2% | 16.9% | 15.6% | |
| Other Operating Income | 0 | 0 | 0 | 2,880 | 1,137 | 348 | 0 | 0 | -65.2% |
| 1,880 | 7,575 | 10,262 | 8,520 | 11,211 | 15,632 | 19,848 | 25,335 | +45.0% | |
| EBITDA | 14,375 | 10,570 | 14,177 | 20,818 | 54,876 | 17,275 | 24,163 | 25,830 | +8.7% |
| EBITDA Margin | 17.9% | 8.1% | 8.5% | 12.8% | 18.9% | 6.5% | 9.3% | 7.9% | |
| Total D&A | 388 | 508 | 1,501 | 241 | 1,326 | 635 | 1,575 | 1,776 | +24.3% |
| EBIT / Operating Income | 13,987 | 10,062 | 12,676 | 20,577 | 53,550 | 16,640 | 22,588 | 24,054 | +8.1% |
| Total Interest Income | 0 | 0 | 0 | 117 | 50 | 86 | 0 | 0 | -14.3% |
| Total Interest Expense | 347 | 1,120 | 1,636 | 1,053 | 504 | 491 | 240 | 289 | -2.6% |
| 235 | 745 | 291 | 579 | 1,973 | 1,524 | 620 | 317 | +4.4% | |
| Profit Before Tax | 13,875 | 8,197 | 10,749 | 19,062 | 51,123 | 14,711 | 21,728 | 24,082 | +8.2% |
| Total Income Tax | 0 | 0 | 5 | 98 | 825 | 2,650 | 2,673 | 2,125 | nmf |
| Net Profit / (Loss) | 11,095 | 8,197 | 10,744 | 18,964 | 50,225 | 11,762 | 19,055 | 21,957 | +10.2% |
| Net Margin | 13.8% | 6.3% | 6.4% | 11.6% | 17.3% | 4.4% | 7.3% | 6.7% |
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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