ID 208144051 · FY 2017–2024 · 8 years
Subsidiary of სახელმწიფო (100.0%)
Sakaeronavigatsia LLC is Georgia's state-owned air navigation service provider (ANSP), founded 1999 — responsible for all air traffic control across Georgian airspace and the approach zones of Tbilisi, Kutaisi, Batumi and Mestia airports. Overflight traffic doubled between 2019 and 2023.
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 76,769 | 82,614 | 74,195 | 49,311 | 76,668 | 159,043 | 154,599 | 171,562 | +12.2% |
| Total COGS | 0 | 0 | -689 | -446 | -599 | 0 | 0 | 0 | -6.8% |
| Gross Profit | 76,769 | 82,614 | 73,506 | 48,865 | 76,069 | 159,043 | 154,599 | 171,562 | +12.2% |
| Gross Margin | 100.0% | 100.0% | 99.1% | 99.1% | 99.2% | 100.0% | 100.0% | 100.0% | |
| Total Operating Expenses | -15,372 | -50,862 | -55,741 | -60,263 | -66,736 | -74,614 | -87,735 | -112,830 | +32.9% |
| EBITDA | 61,397 | 31,752 | 17,765 | -11,398 | 9,333 | 84,429 | 66,864 | 58,732 | -0.6% |
| EBITDA Margin | 80.0% | 38.4% | 23.9% | -23.1% | 12.2% | 53.1% | 43.2% | 34.2% | |
| Total D&A | -13,486 | -13,041 | -14,419 | -16,500 | -15,745 | -16,192 | -17,207 | -17,897 | +4.1% |
| EBIT / Operating Income | 47,911 | 18,711 | 3,346 | -27,898 | -6,412 | 68,237 | 49,657 | 40,835 | -2.3% |
| Total Interest Income | 4,606 | 3,178 | 824 | 2,420 | 1,708 | 763 | 843 | 2,286 | -9.5% |
| Total Interest Expense | -4,713 | -2,946 | -947 | -1,806 | -2,736 | -1,454 | -540 | -490 | -27.6% |
| Total Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 2,937 | -2,463 | nmf |
| Profit Before Tax | 47,804 | 18,943 | 3,223 | -27,284 | -7,440 | 67,546 | 52,897 | 40,168 | -2.5% |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 15,503 | 17,295 | 1,392 | -28,660 | -8,839 | 66,237 | 52,897 | 40,168 | +14.6% |
| Net Margin | 20.2% | 20.9% | 1.9% | -58.1% | -11.5% | 41.6% | 34.2% | 23.4% |
Ownership & directors from companyinfo.ge (public corporate registry).