ID 206267494 · FY 2017–2024 · 8 years
Tbilservice Group LLC is the 100%-municipally-owned operator providing Tbilisi's street cleaning, solid-waste collection, transport and recycling services, plus maintenance of underground crossings, fountains, parks and outdoor lighting. EBRD is financing the city's first waste-treatment plant via Tbilservice.
curated 2026-06-03tbilisi.gov.geebrd.com
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 22,326 | 23,379 | 86,336 | 98,353 | 114,945 | 150,592 | 155,666 | 199,828 | +36.8% |
| Total COGS | 0 | 0 | 0 | 0 | 0 | -16,221 | -17,752 | -18,837 | +7.8% |
| Gross Profit | 22,326 | 23,379 | 86,336 | 98,353 | 114,945 | 134,371 | 137,914 | 180,991 | +34.8% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 89.2% | 88.6% | 90.6% | |
| Total Operating Expenses | -25,614 | -79,602 | -92,437 | -97,771 | -114,743 | -126,439 | -136,151 | -161,133 | +30.0% |
| EBITDA | -3,288 | -56,223 | -6,101 | 582 | 202 | 7,932 | 1,763 | 19,858 | nmf |
| EBITDA Margin | -14.7% | -240.5% | -7.1% | 0.6% | 0.2% | 5.3% | 1.1% | 9.9% | |
| Total D&A | -7,379 | -7,060 | -8,383 | -8,973 | -10,235 | -12,045 | -17,435 | -22,014 | +16.9% |
| EBIT / Operating Income | -10,667 | -63,283 | -14,484 | -8,391 | -10,033 | -4,113 | -15,672 | -2,156 | -20.4% |
| Total Interest Income | 2,088 | 1,317 | 3,192 | 421 | 503 | 2,009 | 2,024 | 2,626 | +3.3% |
| Total Interest Expense | -1,289 | -1,540 | 0 | 0 | 0 | 0 | 0 | 0 | +19.4% |
| Total Other Income | 0 | 0 | -635 | 1,608 | 156 | -397 | 336 | 1,429 | nmf |
| Profit Before Tax | -9,868 | -63,506 | -11,927 | -6,362 | -9,374 | -2,501 | -13,312 | 1,899 | nmf |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | -65,528 | -71,269 | -15,168 | -9,371 | -13,399 | -7,354 | -13,312 | 1,899 | nmf |
| Net Margin | -293.5% | -304.8% | -17.6% | -9.5% | -11.7% | -4.9% | -8.6% | 1.0% |
Ownership & directors from companyinfo.ge (public corporate registry).