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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 241 · FY2024 3,968 — 3-yr total 4,209
Georgian construction / road-building company. Limited public information available beyond the Reportal filing.
Subsidiary of GI Capital (100.0%)
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 35,006 | 37,842 | 47,329 | 49,537 | 26,275 | 26,668 | 32,218 | 96,389 | +15.6% |
| Total COGS | 24,635 | 26,527 | 42,752 | 42,401 | 28,563 | 25,875 | 30,201 | 85,731 | +19.5% |
| Gross Profit | 10,370 | 11,316 | 4,577 | 7,136 | 2,289 | 793 | 2,017 | 10,657 | +0.4% |
| Gross Margin | 29.6% | 29.9% | 9.7% | 14.4% | 8.7% | 3.0% | 6.3% | 11.1% | |
| Other Operating Income | 0 | 0 | 971 | 1,066 | 1,132 | 152 | 1,723 | 699 | -6.4% |
| 2,075 | 1,273 | 1,583 | 1,243 | 5,919 | 4,112 | 8,076 | 13,804 | +31.1% | |
| EBITDA | 8,296 | 10,043 | 3,965 | 6,959 | 7,075 | 3,167 | 4,337 | 2,448 | nmf |
| EBITDA Margin | 23.7% | 26.5% | 8.4% | 14.0% | 26.9% | 11.9% | 13.5% | 2.5% | |
| Total D&A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| EBIT / Operating Income | 8,296 | 10,043 | 3,965 | 6,959 | 7,075 | 3,167 | 4,337 | 2,448 | nmf |
| Total Interest Income | 0 | 0 | 25 | 46 | 315 | 428 | 6 | 1,916 | +137.4% |
| Total Interest Expense | 0 | 0 | 1,339 | 1,322 | 1,556 | 2,033 | 2,123 | 806 | -9.7% |
| 115 | 258 | 3,175 | 2,002 | 556 | 6,031 | 366 | 1,064 | nmf | |
| Profit Before Tax | 8,181 | 9,785 | 5,825 | 3,681 | 7,760 | 1,258 | 6,087 | 275 | nmf |
| Total Income Tax | 5 | 0 | 52 | 520 | 198 | 13 | 136 | 785 | nmf |
| Net Profit / (Loss) | 8,176 | 9,785 | 5,774 | 3,161 | 7,958 | 1,246 | 6,223 | 1,060 | nmf |
| Net Margin | 23.4% | 25.9% | 12.2% | 6.4% | 30.3% | 4.7% | 19.3% | 1.1% |
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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