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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2020 229 · FY2021 2,142 · FY2022 6,816 — 3-yr total 9,187
Part of the Orbi Group, a major Georgian real estate developer focused on resort and residential projects, notably in Batumi and Bakuriani.
Group parent — controls 1 company · ownership
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | CAGR |
|---|---|---|---|---|---|---|---|
| Total Revenue | 17,999 | 50,051 | 49,752 | 6,288 | 6,767 | 13,651 | -5.4% |
| Total COGS | 6,723 | 14,203 | 23,571 | 4,498 | 6,480 | 13,610 | +15.1% |
| Gross Profit | 11,276 | 35,848 | 26,181 | 1,790 | 287 | 41 | nmf |
| Gross Margin | 62.6% | 71.6% | 52.6% | 28.5% | 4.2% | 0.3% | |
| Other Operating Income | 0 | 0 | 455 | 3,045 | 537 | 473 | +1.3% |
| 1,789 | 2,409 | 5,601 | 8,352 | 5,134 | 2,101 | +3.3% | |
| EBITDA | 9,487 | 33,439 | 21,035 | 3,517 | 4,310 | 1,587 | nmf |
| EBITDA Margin | 52.7% | 66.8% | 42.3% | 55.9% | 63.7% | 11.6% | |
| Total D&A | 0 | 98 | 1,075 | 515 | 516 | 853 | +71.8% |
| EBIT / Operating Income | 9,487 | 33,341 | 19,960 | 4,032 | 4,826 | 2,440 | nmf |
| Total Interest Income | 808 | 2,504 | 2,384 | 2,658 | 1,430 | 25 | -50.1% |
| Total Interest Expense | 98 | 2,689 | 5,330 | 7,237 | 6,988 | 6,616 | +132.2% |
| 3,873 | 102 | 3,037 | 6,644 | 1,372 | 6,499 | +10.9% | |
| Profit Before Tax | 14,070 | 33,054 | 13,977 | 15,255 | 9,012 | 2,532 | nmf |
| Total Income Tax | 0 | 0 | 0 | 0 | 378 | 1,201 | +217.7% |
| Net Profit / (Loss) | 11,040 | 29,151 | 13,806 | 15,380 | 9,390 | 3,733 | nmf |
| Net Margin | 61.3% | 58.2% | 27.7% | 244.6% | 138.8% | 27.3% | |
| Other Comprehensive Income | 0 | 0 | 0 | 199 | 5,381 | 0 | +2604.0% |
| Total Comprehensive Income | 11,040 | 29,151 | 13,806 | 15,181 | 4,009 | 3,733 | nmf |
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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