ID 205129617 · FY 2017–2024 · 8 years
Subsidiary of შეზღუდული პასუხისმგებლობის საზოგადოება ვოლთბეი (100.0%)
Tbilisi Energy LLC is the sole natural-gas distribution operator for the city of Tbilisi (former KazTransGas-Tbilisi, sold to Georgian-owned Wartbay/Waltbay in 2019). Serves ~1.5m residents and ~18K commercial customers with ~1,300 employees.
curated 2026-06-03georgiatoday.gege.linkedin.com
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 285,930 | 283,881 | 308,522 | 301,316 | 362,737 | 437,953 | 440,875 | 485,697 | +7.9% |
| Total COGS | -258,821 | -243,517 | -248,796 | -226,765 | -244,285 | -259,109 | -280,600 | -315,527 | +2.9% |
| Gross Profit | 27,110 | 40,364 | 59,726 | 74,551 | 118,452 | 178,844 | 160,275 | 170,170 | +30.0% |
| Gross Margin | 9.5% | 14.2% | 19.4% | 24.7% | 32.7% | 40.8% | 36.4% | 35.0% | |
| Total Operating Expenses | -14,063 | -38,617 | -39,501 | -48,974 | -49,994 | -58,192 | -66,779 | -72,382 | +26.4% |
| EBITDA | 13,047 | 1,747 | 20,225 | 25,577 | 68,458 | 120,652 | 93,496 | 97,788 | +33.3% |
| EBITDA Margin | 4.6% | 0.6% | 6.6% | 8.5% | 18.9% | 27.5% | 21.2% | 20.1% | |
| Total D&A | -4,633 | -5,357 | -6,828 | -9,140 | -11,041 | -12,385 | -14,242 | -18,846 | +22.2% |
| EBIT / Operating Income | 8,414 | -3,610 | 13,397 | 16,437 | 57,417 | 108,267 | 79,254 | 78,942 | +37.7% |
| Total Interest Income | 353 | 275 | 304 | 110 | 97 | 330 | 1,995 | 779 | +12.0% |
| Total Interest Expense | -4,680 | -5,798 | -3,843 | -108 | -116 | -11,368 | -11,946 | -11,123 | +13.2% |
| Total Other Income | 549 | -7,946 | 72,260 | -1,785 | 8,567 | 990 | -556 | 34 | -32.8% |
| Profit Before Tax | 4,636 | -17,078 | 82,118 | 14,654 | 65,965 | 98,219 | 68,747 | 68,632 | +47.0% |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | -297 | -297 | +0.0% |
| Net Profit / (Loss) | -11,808 | -17,927 | 81,027 | 13,473 | 64,556 | 96,037 | 68,450 | 68,335 | nmf |
| Net Margin | -4.1% | -6.3% | 26.3% | 4.5% | 17.8% | 21.9% | 15.5% | 14.1% |
Ownership & directors from companyinfo.ge (public corporate registry).