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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
Small hydropower / energy operator in the Adjara region of Georgia.
Subsidiary of Saaktsio Sazogadoeba "Eksim Iatirimholdingi" (52.0%)
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|
| Total Revenue | 28,781 | 54,199 | 34,658 | 67,030 | 42,009 | 60,619 | +16.1% |
| Total COGS | 1,034 | 21,165 | 33,136 | 37,460 | 32,029 | 29,884 | +96.0% |
| Gross Profit | 27,747 | 33,034 | 1,522 | 29,570 | 9,980 | 30,735 | +2.1% |
| Gross Margin | 96.4% | 60.9% | 4.4% | 44.1% | 23.8% | 50.7% | |
| 8,042 | 8,578 | 5,378 | 8,085 | 9,035 | 7,571 | -1.2% | |
| EBITDA | 19,705 | 24,456 | 3,856 | 21,485 | 945 | 23,164 | +3.3% |
| EBITDA Margin | 68.5% | 45.1% | 11.1% | 32.1% | 2.2% | 38.2% | |
| Total D&A | 34,569 | 31,626 | 162 | 616 | 603 | 387 | -59.3% |
| EBIT / Operating Income | 14,864 | 7,170 | 4,018 | 20,869 | 342 | 22,777 | nmf |
| Total Interest Income | 0 | 0 | 480 | 0 | 0 | 0 | |
| Total Interest Expense | 32,093 | 21,344 | 21,154 | 18,719 | 25,650 | 26,400 | -3.8% |
| 40,156 | 100,498 | 73,129 | 91,111 | 1,254 | 22,256 | -11.1% | |
| Profit Before Tax | 87,113 | 129,013 | 48,437 | 93,260 | 24,054 | 25,878 | -21.6% |
| Total Income Tax | 55 | 0 | 5 | 0 | 0 | 0 | -71.3% |
| Net Profit / (Loss) | 90,959 | 132,576 | 45,100 | 89,052 | 24,054 | 25,878 | -22.2% |
| Net Margin | 316.0% | 244.6% | 130.1% | 132.9% | 57.3% | 42.7% | |
| Other Comprehensive Income | 0 | 0 | 0 | 0 | 374 | 0 | |
| Total Comprehensive Income | 90,959 | 132,576 | 45,100 | 89,052 | 23,680 | 25,878 | -22.2% |
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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