ID 206103722 · FY 2017–2024 · 8 years
Subsidiary of სახელმწიფო (100.0%)
State-owned operator of Georgia's high-pressure natural-gas transmission pipeline network, subsidiary of GOGC. Transports gas for domestic consumption and transit (notably to Armenia).
curated 2026-06-03ggtc.gereportal.ge
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 163,104 | 103,581 | 115,430 | 115,736 | 104,156 | 114,087 | 92,116 | 96,153 | -7.3% |
| Total COGS | -94,525 | -33,261 | -35,715 | -26,090 | -17,066 | -18,871 | -26,983 | -25,705 | -17.0% |
| Gross Profit | 68,579 | 70,320 | 79,715 | 89,646 | 87,090 | 95,216 | 65,133 | 70,448 | +0.4% |
| Gross Margin | 42.0% | 67.9% | 69.1% | 77.5% | 83.6% | 83.5% | 70.7% | 73.3% | |
| Total Operating Expenses | -64,640 | -56,620 | -61,279 | -60,078 | -20,362 | -22,014 | -38,613 | -37,589 | -7.5% |
| EBITDA | 3,939 | 13,700 | 18,436 | 29,568 | 66,728 | 73,202 | 26,520 | 32,859 | +35.4% |
| EBITDA Margin | 2.4% | 13.2% | 16.0% | 25.5% | 64.1% | 64.2% | 28.8% | 34.2% | |
| Total D&A | -1,696 | -1,623 | -2,412 | -3,010 | -47,179 | -47,635 | -47,522 | -48,193 | +61.3% |
| EBIT / Operating Income | 2,243 | 12,077 | 16,024 | 26,558 | 19,549 | 25,567 | -21,002 | -15,334 | nmf |
| Total Interest Income | 17,223 | 4,020 | 3,568 | 7,987 | 8,192 | 14,521 | 29,979 | 13,547 | -3.4% |
| Total Interest Expense | 0 | 0 | 0 | -2,463 | -2,125 | -1,695 | -1,316 | -959 | -21.0% |
| Total Other Income | 1,469 | 559 | 685 | 918 | -126 | -1,364 | 158 | 1,434 | -0.3% |
| Profit Before Tax | 20,935 | 16,656 | 20,277 | 33,000 | 25,490 | 37,029 | 7,819 | -1,312 | nmf |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | -5,056 | 0 | |
| Net Profit / (Loss) | 11,481 | 15,624 | 19,884 | 32,356 | 24,576 | 35,918 | 2,763 | -1,312 | nmf |
| Net Margin | 7.0% | 15.1% | 17.2% | 28.0% | 23.6% | 31.5% | 3.0% | -1.4% |
Ownership & directors from companyinfo.ge (public corporate registry).