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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 1,500 · FY2023 0 · FY2024 118 — 3-yr total 1,618
Financial services/holding company affiliated with the Bank of Georgia group or a similarly branded financial vehicle. Limited public information available beyond the Reportal filing.
Group parent — controls 1 company · ownership
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| EBITDA Margin | 81.7% | 35.7% | 30.3% | 20.7% | 34.0% | 35.4% | 50.0% | 25.7% |
| EBITDAR | 19,559 | 13,245 | 12,533 | 8,192 | 20,086 | 26,132 | 61,806 | 32,698 |
| EBITDAR Margin | 87.8% | 42.0% | 34.9% | 22.7% | 34.8% | 36.2% | 50.8% | 26.6% |
| EBIT Margin | 70.5% | 26.3% | 15.4% | -0.6% | 16.7% | 14.2% | 38.5% | 13.8% |
| Net Profit Margin | 119.8% | 17.0% | 12.6% | -3.4% | 13.8% | 9.8% | 37.4% | 19.4% |
| Operating Expense % of Sales | 18.3% | 64.3% | 69.7% | 79.3% | 66.0% | 64.6% | 50.0% | 74.3% |
| Returns | ||||||||
| Return on Assets (ROA) | 21.2% | 4.7% | 3.0% | -0.7% | 5.1% | 4.2% | 20.5% | 9.2% |
| Return on Equity (ROE) | 51.9% | 9.4% | 7.3% | -1.7% | 9.7% | 7.2% | 31.0% | 13.7% |
| ROIC [EBIT / Invested Capital] | N/A | 104.8% | 61.9% | N/A | 89.8% | 71.3% | 127.7% | 20.6% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 3.0% | 1.0% | 9.4% | 2.6% | 2.5% | 1.4% | 2.3% | 4.8% |
| Debt-to-Equity | 0.07x | 0.02x | 0.23x | 0.06x | 0.05x | 0.02x | 0.04x | 0.07x |
| Debt-to-EBITDA | 0.21x | 0.10x | 1.32x | 0.62x | 0.20x | 0.09x | 0.09x | 0.39x |
| Equity-to-Assets | 40.8% | 50.3% | 40.5% | 40.2% | 52.5% | 58.4% | 66.1% | 67.1% |
| Net Debt | -70,849 | -49,293 | -52,769 | -83,204 | -71,140 | -83,393 | -110,119 | -92,008 |
| Cash & Equivalents | 74,588 | 50,376 | 67,122 | 87,858 | 75,046 | 85,698 | 115,333 | 104,480 |
| Total Debt | 3,739 | 1,083 | 14,353 | 4,654 | 3,906 | 2,305 | 5,214 | 12,472 |
| Liquidity & working capital | ||||||||
| Current Ratio | 1.98x | 1.51x | 1.48x | 1.33x | 1.16x | 1.32x | 2.09x | 2.21x |
| Quick Ratio | 1.89x | 1.42x | 1.39x | 1.28x | 1.13x | 1.28x | 1.98x | 2.06x |
| Cash Ratio | 1.69x | 0.97x | 1.02x | 1.05x | 0.37x | 0.65x | 1.61x | 1.29x |
| Total Current Assets | 87,252 | 77,861 | 97,836 | 111,611 | 235,018 | 173,974 | 149,172 | 179,267 |
| Total Current Liabilities | 44,150 | 51,719 | 66,130 | 83,744 | 203,468 | 131,332 | 71,540 | 80,952 |
| Inventory | 3,758 | 4,287 | 6,140 | 4,076 | 5,046 | 5,655 | 7,211 | 12,466 |
| Trade Receivables | 2,424 | 3,055 | 2,366 | 3,253 | 4,702 | 4,395 | N/A | N/A |
| Trade Payables | 36,168 | 26,131 | 26,453 | 36,773 | 48,702 | 54,676 | 60,451 | 64,948 |
| Net Working Capital | 43,102 | 26,142 | 31,706 | 27,867 | 31,550 | 42,642 | 77,632 | 98,315 |
| Net Working Capital % of Revenue | 193.6% | 82.9% | 88.2% | 77.2% | 54.7% | 59.1% | 63.8% | 80.0% |
| Trade Working Capital | -29,986 | -18,789 | -17,947 | -29,444 | -38,954 | -44,626 | -53,240 | -52,482 |
| Trade Working Capital % of Revenue | -134.7% | -59.5% | -49.9% | -81.6% | -67.5% | -61.8% | -43.8% | -42.7% |
| Change in Trade Working Capital | N/A | 11,197 | 842 | -11,497 | -9,510 | -5,672 | -8,614 | 758 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Receivables Turnover | 9.19x | 10.33x | 15.20x | 11.09x | 12.28x | 16.43x | N/A | N/A |
| Days Sales Outstanding (DSO) | 39.7 | 35.3 | 24.0 | 32.9 | 29.7 | 22.2 | N/A | N/A |
| Payables Turnover | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Days Payable Outstanding (DPO) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Conversion Cycle | 39.7 days | 35.3 days | 24.0 days | 32.9 days | 29.7 days | 22.2 days | N/A | N/A |
| Asset Turnover | 0.18x | 0.28x | 0.24x | 0.20x | 0.37x | 0.43x | 0.55x | 0.47x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 39,592 | -4,639 | 21,250 | 38,129 | 146,589 | 18,140 | 49,799 | 26,951 |
| Free Cash Flow (OCF − Capex proxy) | 39,592 | -24,538 | 16,998 | 11,188 | 125,296 | 3,639 | 28,912 | -17,816 |
| Cash Conversion (OCF / EBITDA) | 217.6% | -41.2% | 195.4% | 509.3% | 746.0% | 71.0% | 81.9% | 85.3% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 1,500 | 0 | 118 |
| Dividend Payout Ratio | 0.0% | 0.0% | 0.0% | N/A | 0.0% | 21.3% | 0.0% | 0.5% |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in GEL, thousands. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.
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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