* 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
Operates in Construction — Infrastructure & Roads. Per the activity note to the FY2024 annual report, the group carries out hydro-energy infrastructure work, construction supervision, engineering and surveying. Founded 2008; wholly owned by Swiss parent Gruner Stuki.
Subsidiary of Shezghuduli Pasukhismgeblobis Sazogadoeba Gruner Shtuki (100.0%)
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|
| 2,616 | 1,271 | 1,818 | 1,808 | 1,864 | 1,942 | 1,976 | -4.6% | |
| Total COGS | 1,261 | 933 | 1,317 | 1,065 | 961 | 1,161 | 1,398 | +1.7% |
| Gross Profit | 1,355 | 339 | 501 | 743 | 902 | 780 | 579 | -13.2% |
| Gross Margin | 51.8% | 26.6% | 27.6% | 41.1% | 48.4% | 40.2% | 29.3% | |
| Other Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | 29 | |
| 1,499 | 277 | 587 | 1,074 | 594 | 550 | 560 | -15.1% | |
| EBITDA | 145 | 62 | 85 | 330 | 308 | 230 | 48 | nmf |
| EBITDA Margin | 5.5% | 4.9% | 4.7% | 18.3% | 16.5% | 11.8% | 2.4% | |
| Total D&A | 42 | 191 | 22 | 18 | 28 | 28 | 39 | -1.2% |
| EBIT / Operating Income | 187 | 129 | 108 | 349 | 280 | 202 | 9 | nmf |
| Total Interest Income | 0 | 0 | 0 | 8 | 11 | 16 | 14 | +20.9% |
| Total Interest Expense | 0 | 17 | 3 | 0 | 0 | 0 | 0 | -79.8% |
| 23 | 103 | 22 | 14 | 360 | 19 | 9 | nmf | |
| Profit Before Tax | 164 | 43 | 133 | 327 | 651 | 237 | 14 | nmf |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 166 | 45 | 135 | 328 | 651 | 237 | 19 | -30.5% |
| Net Margin | 6.3% | 3.5% | 7.4% | 18.2% | 34.9% | 12.2% | 0.9% |
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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