ID 245619898 · FY 2017–2024 · 8 years
Adjara Textile LLC is a Turkish-investment apparel manufacturer (set up 2008) operating three sewing plants in Batumi, Kobuleti and Poti with ~7,000 employees, producing 10m+ units a year for Nike, Adidas, Puma and other global brands.
curated 2026-06-03fibre2fashion.comcommersant.ge
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 43,372 | 67,861 | 103,532 | 156,554 | 294,337 | 333,311 | 247,348 | 258,398 | +29.0% |
| Total COGS | -18,795 | -48,463 | -75,213 | -114,272 | -245,297 | -297,794 | -225,729 | -223,947 | +42.5% |
| Gross Profit | 24,577 | 19,399 | 28,320 | 42,281 | 49,040 | 35,517 | 21,619 | 34,450 | +4.9% |
| Gross Margin | 56.7% | 28.6% | 27.4% | 27.0% | 16.7% | 10.7% | 8.7% | 13.3% | |
| Total Operating Expenses | -2,013 | -21,713 | -25,293 | -32,605 | -46,868 | -6,761 | -6,906 | -8,004 | +21.8% |
| EBITDA | 22,564 | -2,315 | 3,027 | 9,676 | 2,172 | 28,756 | 14,712 | 26,446 | +2.3% |
| EBITDA Margin | 52.0% | -3.4% | 2.9% | 6.2% | 0.7% | 8.6% | 5.9% | 10.2% | |
| Total D&A | -2,049 | -47 | -2,634 | -3,127 | -3,367 | 0 | 0 | 0 | +13.2% |
| EBIT / Operating Income | 20,515 | -2,361 | 393 | 6,549 | -1,195 | 28,756 | 14,712 | 26,446 | +3.7% |
| Total Interest Income | 210 | 121 | 179 | 217 | 154 | 337 | 432 | 212 | +0.1% |
| Total Interest Expense | -17 | -935 | -919 | -580 | -422 | -809 | -798 | -1,758 | nmf |
| Total Other Income | 0 | 21 | -89 | -3,498 | 1,042 | -12,551 | 3,322 | -260 | nmf |
| Profit Before Tax | 20,708 | -3,155 | -435 | 2,687 | -421 | 15,733 | 17,668 | 24,640 | +2.5% |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | -247 | -2,551 | +933.4% |
| Net Profit / (Loss) | 4,490 | -3,517 | -844 | 2,260 | -927 | 15,733 | 17,421 | 22,089 | +25.6% |
| Net Margin | 10.4% | -5.2% | -0.8% | 1.4% | -0.3% | 4.7% | 7.0% | 8.5% |
Ownership & directors from companyinfo.ge (public corporate registry).