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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
Major Black Sea oil and oil-products transshipment terminal in Batumi, historically a key export outlet for Caspian crude and refined products. Operated by KazTransOil / KazMunayGas affiliates.
Subsidiary of Saaktsio Sazogadoeba Qaztransoili (100.0%)
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 5.2% | 8.3% | 10.8% | 33.0% | 28.8% | 32.8% | 28.6% | 25.3% |
| EBITDA Margin | -30.7% | -12.5% | -9.8% | 14.5% | 13.3% | 19.3% | 15.5% | 12.3% |
| EBITDAR | -23,904 | -8,569 | -5,915 | 11,624 | 11,898 | 21,949 | 17,661 | 14,521 |
| EBITDAR Margin | -30.7% | -12.5% | -9.8% | 14.5% | 13.3% | 19.3% | 15.5% | 12.3% |
| EBIT Margin | -30.7% | -39.0% | -145.2% | 14.5% | 13.3% | 19.3% | 15.5% | 12.3% |
| Net Profit Margin | -38.7% | -48.8% | -151.9% | -3.1% | 20.9% | 44.4% | 6.9% | 11.4% |
| Operating Expense % of Sales | 35.9% | 20.8% | 20.6% | 18.5% | 15.5% | 13.5% | 13.1% | 13.0% |
| Returns | ||||||||
| Return on Assets (ROA) | -6.3% | -9.0% | -30.5% | -0.7% | 5.6% | 14.3% | 2.2% | 3.5% |
| Return on Equity (ROE) | -15.1% | -25.8% | -295.3% | -15.9% | 46.4% | 40.8% | 5.9% | 9.2% |
| ROIC [EBIT / Invested Capital] | -7.7% | -10.8% | -57.1% | 7.2% | 7.4% | 13.7% | 9.6% | 7.2% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 23.3% | 32.2% | 46.4% | 47.7% | 42.5% | 23.5% | 23.2% | 23.3% |
| Debt-to-Equity | 0.56x | 0.93x | 4.49x | 10.39x | 3.53x | 0.67x | 0.63x | 0.60x |
| Debt-to-EBITDA | N/A | N/A | N/A | 13.84x | 11.95x | 3.78x | 4.73x | 6.07x |
| Equity-to-Assets | 41.5% | 34.6% | 10.3% | 4.6% | 12.0% | 35.0% | 36.7% | 38.5% |
| Net Debt | 110,173 | 117,545 | 122,160 | 146,070 | 121,201 | 36,581 | 53,159 | 55,237 |
| Cash & Equivalents | 1,622 | 3,217 | 17,068 | 14,823 | 20,977 | 46,366 | 30,374 | 32,941 |
| Total Debt | 111,794 | 120,762 | 139,228 | 160,893 | 142,178 | 82,947 | 83,533 | 88,178 |
| Liquidity & working capital | ||||||||
| Current Ratio | 0.05x | 0.06x | 0.12x | 0.14x | 0.17x | 0.36x | 0.29x | 0.30x |
| Quick Ratio | 0.03x | 0.04x | 0.10x | 0.08x | 0.13x | 0.32x | 0.25x | 0.26x |
| Cash Ratio | 0.01x | 0.01x | 0.06x | 0.05x | 0.07x | 0.25x | 0.17x | 0.18x |
| Total Current Assets | 15,325 | 15,244 | 31,725 | 43,143 | 48,570 | 66,037 | 52,026 | 54,707 |
| Total Current Liabilities | 279,552 | 242,822 | 266,231 | 318,510 | 291,289 | 183,396 | 180,830 | 181,036 |
| Inventory | 7,088 | 5,671 | 6,218 | 16,203 | 9,358 | 8,060 | 7,240 | 6,854 |
| Trade Receivables | 4,848 | 3,099 | 4,946 | 5,258 | 11,771 | 5,185 | 7,035 | 7,011 |
| Trade Payables | 116,145 | 117,695 | 124,820 | 140,484 | 136,508 | 123,181 | 131,926 | 129,747 |
| Net Working Capital | -264,227 | -227,579 | -234,506 | -275,367 | -242,719 | -117,359 | -128,804 | -126,329 |
| Net Working Capital % of Revenue | -339.3% | -330.8% | -388.9% | -344.0% | -271.4% | -103.1% | -112.9% | -107.0% |
| Trade Working Capital | -104,210 | -108,924 | -113,656 | -119,023 | -115,379 | -109,936 | -117,651 | -115,882 |
| Trade Working Capital % of Revenue | -133.8% | -158.3% | -188.5% | -148.7% | -129.0% | -96.5% | -103.1% | -98.1% |
| Change in Trade Working Capital | N/A | -4,715 | -4,732 | -5,367 | 3,644 | 5,443 | -7,715 | 1,769 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | 10.41x | 11.12x | 8.65x | 3.31x | 6.80x | 9.50x | 11.25x | 12.86x |
| Days Inventory Outstanding (DIO) | 35.1 | 32.8 | 42.2 | 110.3 | 53.7 | 38.4 | 32.4 | 28.4 |
| Receivables Turnover | 16.06x | 22.20x | 12.19x | 15.23x | 7.60x | 21.96x | 16.22x | 16.84x |
| Days Sales Outstanding (DSO) | 22.7 | 16.4 | 29.9 | 24.0 | 48.0 | 16.6 | 22.5 | 21.7 |
| Payables Turnover | 0.64x | 0.54x | 0.43x | 0.38x | 0.47x | 0.62x | 0.62x | 0.68x |
| Days Payable Outstanding (DPO) | 574.4 | 681.0 | 846.8 | 956.0 | 782.8 | 587.4 | 591.0 | 537.1 |
| Cash Conversion Cycle | -516.6 days | -631.8 days | -774.7 days | -821.8 days | -681.1 days | -532.3 days | -536.1 days | -487.0 days |
| Asset Turnover | 0.16x | 0.18x | 0.20x | 0.24x | 0.27x | 0.32x | 0.32x | 0.31x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 19,057 | 5,381 | 6,099 | 14,628 | 22,276 | 52,916 | 17,972 | 26,599 |
| Free Cash Flow (OCF − Capex proxy) | 19,057 | 1,461 | 9,072 | 87 | 6,709 | 38,979 | -12,816 | 4,925 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | 125.8% | 187.2% | 241.1% | 101.8% | 183.2% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | N/A | N/A | N/A | 0.0% | 0.0% | 0.0% | 0.0% |
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.
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Ownership & directors from companyinfo.ge (public corporate registry).
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