ID 206203491 · FY 2017–2024 · 8 years
TAV Urban Georgia LLC is the long-term concessionaire (until 2027, with extension under negotiation) operating Tbilisi International Airport and Batumi International Airport. Wholly-owned subsidiary of Turkish airport-operator TAV Airports.
curated 2026-06-03tav.aeroen.wikipedia.org
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 262,649 | 250,976 | 260,603 | 64,829 | 159,840 | 234,265 | 260,612 | 341,355 | +3.8% |
| Total COGS | 0 | 0 | -611 | -320 | 0 | 0 | 0 | 0 | -47.6% |
| Gross Profit | 262,649 | 250,976 | 259,992 | 64,509 | 159,840 | 234,265 | 260,612 | 341,355 | +3.8% |
| Gross Margin | 100.0% | 100.0% | 99.8% | 99.5% | 100.0% | 100.0% | 100.0% | 100.0% | |
| Total Operating Expenses | -70,062 | -44,859 | -49,679 | -39,365 | -51,337 | -66,076 | -71,111 | -84,074 | +2.6% |
| EBITDA | 192,587 | 206,117 | 210,313 | 25,144 | 108,503 | 168,189 | 189,501 | 257,281 | +4.2% |
| EBITDA Margin | 73.3% | 82.1% | 80.7% | 38.8% | 67.9% | 71.8% | 72.7% | 75.4% | |
| Total D&A | -19,946 | -20,549 | -20,963 | -8,242 | -16,659 | -26,659 | -37,072 | -46,374 | +12.8% |
| EBIT / Operating Income | 172,641 | 185,568 | 189,350 | 16,902 | 91,844 | 141,530 | 152,429 | 210,907 | +2.9% |
| Total Interest Income | 2,426 | 2,689 | 2,921 | 2,434 | 1,418 | 1,148 | 2,323 | 3,570 | +5.7% |
| Total Interest Expense | -121 | -158 | -62 | -64 | -81 | -121 | -49 | -62 | -9.1% |
| Total Other Income | 0 | 1,121 | 4,045 | 3,486 | -3,834 | -8,450 | -3,596 | 772 | -6.0% |
| Profit Before Tax | 174,946 | 189,220 | 196,254 | 22,758 | 89,347 | 134,107 | 151,107 | 215,187 | +3.0% |
| Total Income Tax | 0 | -23,166 | -31,976 | -5,228 | -13,500 | -16,452 | -30,160 | -30,940 | +4.9% |
| Net Profit / (Loss) | 156,652 | 164,102 | 163,599 | 17,270 | 75,493 | 117,195 | 120,947 | 184,247 | +2.3% |
| Net Margin | 59.6% | 65.4% | 62.8% | 26.6% | 47.2% | 50.0% | 46.4% | 54.0% |
Ownership & directors from companyinfo.ge (public corporate registry).