ID 206237491 · FY 2017–2024 · 8 years
Group parent — controls 5 companies
Georgian Oil and Gas Corporation (GOGC) is the 100% state-owned National Oil Company, managed by the Ministry of Economy. Three core lines: natural-gas transit (operator of the South Caucasus Pipeline and the North-South Main Gas Pipeline), oil & gas exploration / production on PSA acreage, and power generation via the Gardabani I and II thermal plants.
curated 2026-06-03gogc.geen.wikipedia.org
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 671,586 | 642,651 | 873,748 | 997,212 | 1,114,608 | 1,353,481 | 1,404,908 | 1,648,694 | +13.7% |
| Total COGS | -392,649 | -367,473 | -616,415 | -746,056 | -918,941 | -1,225,365 | -1,201,992 | -1,313,223 | +18.8% |
| Gross Profit | 278,937 | 275,178 | 257,333 | 251,156 | 195,667 | 128,116 | 202,916 | 335,471 | +2.7% |
| Gross Margin | 41.5% | 42.8% | 29.5% | 25.2% | 17.6% | 9.5% | 14.4% | 20.3% | |
| Total Operating Expenses | -11,275 | -50,326 | -57,116 | -44,438 | -60,636 | -66,852 | -72,209 | -87,911 | +34.1% |
| EBITDA | 267,662 | 224,852 | 200,217 | 206,718 | 135,031 | 61,264 | 130,707 | 247,560 | -1.1% |
| EBITDA Margin | 39.9% | 35.0% | 22.9% | 20.7% | 12.1% | 4.5% | 9.3% | 15.0% | |
| Total D&A | -37,322 | -37,798 | -41,152 | -58,814 | -70,869 | -62,938 | -63,641 | -64,422 | +8.1% |
| EBIT / Operating Income | 230,340 | 187,054 | 159,065 | 147,904 | 64,162 | -1,674 | 67,066 | 183,138 | -3.2% |
| Total Interest Income | 68,432 | 42,391 | 22,828 | 17,066 | 9,287 | 17,656 | 34,774 | 34,684 | -9.3% |
| Total Interest Expense | -55,879 | -42,634 | -27,564 | -54,694 | -47,114 | -31,472 | -57,601 | -49,680 | -1.7% |
| Total Other Income | 10,128 | -18,494 | -18,490 | -93,290 | 126,720 | 140,049 | 5,821 | 15,266 | +6.0% |
| Profit Before Tax | 253,021 | 168,317 | 135,839 | 16,986 | 153,055 | 124,559 | 50,060 | 183,408 | -4.5% |
| Total Income Tax | -2,059 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 220,406 | 157,276 | 120,152 | 3,197 | 137,567 | 109,113 | 50,060 | 183,408 | -2.6% |
| Net Margin | 32.8% | 24.5% | 13.8% | 0.3% | 12.3% | 8.1% | 3.6% | 11.1% |
Ownership & directors from companyinfo.ge (public corporate registry).