ID 205170036 · FY 2017–2024 · 8 years
JSC Electricity System Commercial Operator (ESCO) is Georgia's state-owned electricity-market operator, founded 2006. Acts as the central counterparty for the wholesale electricity market — balancing, settlements, cross-border trade — and operates the guaranteed-buyer scheme for renewable-energy PPAs.
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 501,760 | 521,195 | 565,731 | 648,869 | 730,623 | 689,339 | 513,847 | 799,214 | +6.9% |
| Total COGS | -494,294 | -514,360 | -560,280 | -644,171 | -725,048 | -683,405 | -506,907 | -793,005 | +7.0% |
| Gross Profit | 7,466 | 6,835 | 5,451 | 4,698 | 5,575 | 5,934 | 6,939 | 6,209 | -2.6% |
| Gross Margin | 1.5% | 1.3% | 1.0% | 0.7% | 0.8% | 0.9% | 1.4% | 0.8% | |
| Total Operating Expenses | 1,381 | -9,116 | -5,555 | 1,240 | 264 | -6,959 | -3,626 | -6,470 | nmf |
| EBITDA | 8,847 | -2,280 | -104 | 5,938 | 5,839 | -1,025 | 3,314 | -261 | nmf |
| EBITDA Margin | 1.8% | -0.4% | -0.0% | 0.9% | 0.8% | -0.1% | 0.6% | -0.0% | |
| Total D&A | -75 | -135 | -939 | -901 | -694 | -549 | -564 | -571 | +33.6% |
| EBIT / Operating Income | 8,772 | -2,416 | -1,043 | 5,037 | 5,145 | -1,574 | 2,750 | -832 | nmf |
| Total Interest Income | 1,643 | 2,081 | 1,174 | 968 | 2,680 | 4,721 | 5,244 | 3,689 | +12.3% |
| Total Interest Expense | 0 | 0 | 0 | -927 | -360 | -474 | -445 | -413 | -18.3% |
| Total Other Income | 2,029 | 497 | 452 | -557 | -521 | -967 | -985 | -597 | nmf |
| Profit Before Tax | 12,444 | 162 | 583 | 4,521 | 6,944 | 1,706 | 6,564 | 1,847 | -23.9% |
| Total Income Tax | 0 | -113 | -40 | 0 | 0 | 0 | 0 | 0 | -64.9% |
| Net Profit / (Loss) | 10,073 | 50 | 543 | 3,994 | 6,944 | 1,706 | 6,564 | 1,847 | -21.5% |
| Net Margin | 2.0% | 0.0% | 0.1% | 0.6% | 1.0% | 0.2% | 1.3% | 0.2% |
Ownership & directors from companyinfo.ge (public corporate registry).