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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
Georgian branch of Nurol Insaat ve Ticaret, a major Turkish construction contractor active in roads, tunnels and large infrastructure projects.
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 18,085 | 22,026 | 24,126 | 6,591 | 23,062 | 28,554 | 26,042 | 21,628 | +2.6% |
| Total COGS | 1,562 | 2,118 | 2,198 | 732 | 3,295 | 3,646 | 2,539 | 2,250 | +5.3% |
| Gross Profit | 16,523 | 19,907 | 21,928 | 5,859 | 19,767 | 24,908 | 23,503 | 19,378 | +2.3% |
| Gross Margin | 91.4% | 90.4% | 90.9% | 88.9% | 85.7% | 87.2% | 90.2% | 89.6% | |
| Other Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | 1,075 | 1,105 | +2.8% |
| 5,595 | 12,088 | 12,622 | 7,685 | 12,491 | 13,671 | 15,632 | 15,192 | +15.3% | |
| EBITDA | 10,928 | 7,820 | 9,306 | 1,827 | 7,276 | 11,237 | 8,946 | 5,291 | -9.8% |
| EBITDA Margin | 60.4% | 35.5% | 38.6% | 27.7% | 31.5% | 39.4% | 34.4% | 24.5% | |
| Total D&A | 4,981 | 5,247 | 4,870 | 4,504 | 3,965 | 3,948 | 3,410 | 3,977 | -3.2% |
| EBIT / Operating Income | 5,948 | 2,573 | 4,436 | 6,331 | 3,311 | 7,289 | 5,535 | 1,314 | -19.4% |
| Total Interest Income | 1,703 | 2,367 | 299 | 812 | 6 | 102 | 415 | 368 | -19.7% |
| Total Interest Expense | 11 | 0 | 1,098 | 1,875 | 2,259 | 1,853 | 5,291 | 2,738 | nmf |
| 16 | 477 | 526 | 3,770 | 3,074 | 3,592 | 2,413 | 56 | +19.4% | |
| Profit Before Tax | 7,656 | 5,417 | 3,111 | 11,165 | 4,132 | 9,130 | 3,071 | 1,001 | nmf |
| Total Income Tax | 0 | 7 | 29 | 0 | 0 | 0 | 0 | 0 | +329.0% |
| Net Profit / (Loss) | 2,346 | 4,616 | 2,274 | 11,222 | 3,439 | 8,477 | 3,071 | 1,001 | nmf |
| Net Margin | 13.0% | 21.0% | 9.4% | 170.3% | 14.9% | 29.7% | 11.8% | 4.6% |
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Ownership & directors from companyinfo.ge (public corporate registry).
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