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Operates in Construction — Project Development. Per the activity note to the FY2024 annual report, the company conducts scientific research, develops construction projects, performs technical testing and analysis, and rents property. Registered in 1995; provides comprehensive construction and engineering services.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | N/A | 98.1% | 98.4% | 97.7% | 92.9% | 97.5% | 97.3% | 99.0% |
| EBITDA Margin | N/A | 9.6% | 23.0% | 2.0% | -33.6% | -7.3% | -14.3% | 31.7% |
| EBITDAR | -47 | 308 | 688 | 99 | -180 | -30 | -51 | 467 |
| EBITDAR Margin | N/A | 15.5% | 26.2% | 8.2% | -25.4% | -2.5% | -6.8% | 34.5% |
| EBIT Margin | N/A | 6.8% | 20.8% | -3.2% | -40.7% | -10.7% | -18.7% | 29.7% |
| Net Profit Margin | N/A | 6.8% | 20.6% | 0.3% | -40.4% | -9.9% | -18.7% | 29.7% |
| Operating Expense % of Sales | N/A | 88.5% | 75.4% | 95.7% | 126.5% | 104.8% | 111.7% | 67.2% |
| Returns | ||||||||
| Return on Assets (ROA) | 3.6% | 11.1% | 31.6% | 0.3% | -27.1% | -11.7% | -16.8% | 33.0% |
| Return on Equity (ROE) | 3.7% | 11.2% | 33.5% | 0.3% | -28.2% | -13.7% | -21.1% | 38.7% |
| ROIC [EBIT / Invested Capital] | -3.9% | 15.5% | 46.5% | -3.7% | -30.3% | -14.7% | -21.8% | 53.1% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 4.0% | 0.0% | 0.0% |
| Debt-to-Equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.05x | 0.00x | 0.00x |
| Debt-to-EBITDA | N/A | 0.00x | 0.00x | 0.00x | N/A | N/A | N/A | 0.00x |
| Equity-to-Assets | 99.1% | 99.7% | 94.5% | 97.5% | 96.1% | 85.1% | 79.9% | 85.2% |
| Net Debt | -80 | -329 | -441 | -347 | -63 | 8 | -24 | -282 |
| Cash & Equivalents | 80 | 329 | 441 | 347 | 63 | 33 | 24 | 282 |
| Total Debt | N/A | N/A | N/A | N/A | N/A | 41 | N/A | N/A |
| Liquidity & working capital | ||||||||
| Current Ratio | N/A | N/A | N/A | 32.65x | 2049.85x | 0.39x | 0.32x | 0.79x |
| Quick Ratio | N/A | N/A | N/A | 30.27x | 2049.85x | 0.39x | 0.32x | 0.79x |
| Cash Ratio | N/A | N/A | N/A | 10.53x | 168.31x | 0.27x | 0.16x | 1.81x |
| Total Current Assets | 824 | 899 | 1,383 | 1,077 | 769 | 49 | 48 | 123 |
| Total Current Liabilities | N/A | N/A | N/A | 33 | 0 | 125 | 149 | 156 |
| Inventory | N/A | N/A | 61 | 78 | N/A | N/A | N/A | N/A |
| Trade Receivables | 737 | 471 | 809 | 651 | 580 | 697 | 558 | 572 |
| Trade Payables | N/A | N/A | N/A | 33 | N/A | 83 | 149 | 156 |
| Net Working Capital | 824 | 899 | 1,383 | 1,044 | 768 | -76 | -101 | -34 |
| Net Working Capital % of Revenue | N/A | 45.3% | 52.7% | 87.1% | 108.8% | -6.3% | -13.3% | -2.5% |
| Trade Working Capital | 737 | 471 | 870 | 696 | 580 | 613 | 409 | 416 |
| Trade Working Capital % of Revenue | N/A | 23.8% | 33.1% | 58.1% | 82.1% | 50.6% | 53.8% | 30.7% |
| Change in Trade Working Capital | N/A | -266 | 399 | -174 | -117 | 34 | -204 | 7 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | N/A | N/A | 0.69x | 0.35x | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | 527.3 | 1045.0 | N/A | N/A | N/A | N/A |
| Receivables Turnover | N/A | 4.21x | 3.25x | 1.84x | 1.22x | 1.74x | 1.36x | 2.37x |
| Days Sales Outstanding (DSO) | N/A | 86.8 | 112.5 | 198.4 | 299.7 | 209.7 | 267.9 | 154.2 |
| Payables Turnover | N/A | N/A | N/A | 0.83x | N/A | 0.36x | 0.14x | 0.09x |
| Days Payable Outstanding (DPO) | N/A | N/A | N/A | 439.4 | N/A | 1017.4 | 2686.6 | 4026.2 |
| Cash Conversion Cycle | N/A | 86.8 days | 639.8 days | 804.0 days | 299.7 days | -807.6 days | -2418.7 days | -3872.0 days |
| Asset Turnover | 0.00x | 1.64x | 1.54x | 0.85x | 0.67x | 1.18x | 0.90x | 1.11x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | N/A | 249 | 112 | -94 | -284 | -30 | -9 | 258 |
| Free Cash Flow (OCF − Capex proxy) | N/A | 249 | 112 | -94 | -284 | -30 | -9 | 258 |
| Cash Conversion (OCF / EBITDA) | N/A | 131.3% | 18.6% | -391.8% | N/A | N/A | N/A | 60.1% |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in GEL, thousands. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.
Shareholders, directors and group links from the companyinfo.ge public register — as filed, so stakes need not sum to 100% where a holding is undisclosed.
Ownership & directors from companyinfo.ge (public corporate registry).
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