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Dividends declared (per SOCE filings): FY2022 9,000 · FY2023 4,040 · FY2024 5,000 — 3-yr total 18,040
Georgian Railway-affiliated transit/logistics operator handling cross-border freight transit through Georgia.
Subsidiary of Georgian Railway (100.0%)
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 104,637 | 76,491 | 64,846 | 84,153 | 112,824 | 148,272 | 124,061 | 136,533 | +3.9% |
| Total COGS | 70,170 | 58,011 | 59,791 | 77,758 | 107,036 | 138,843 | 116,097 | 125,140 | +8.6% |
| Gross Profit | 34,467 | 18,480 | 5,055 | 6,395 | 5,788 | 9,429 | 7,964 | 11,393 | -14.6% |
| Gross Margin | 32.9% | 24.2% | 7.8% | 7.6% | 5.1% | 6.4% | 6.4% | 8.3% | |
| 1,589 | 19,696 | 26,760 | 458 | 2,541 | 2,663 | 2,754 | 2,905 | +9.0% | |
| EBITDA | 32,878 | 1,216 | 21,705 | 5,937 | 3,247 | 6,766 | 5,210 | 8,488 | -17.6% |
| EBITDA Margin | 31.4% | 1.6% | 33.5% | 7.1% | 2.9% | 4.6% | 4.2% | 6.2% | |
| Total D&A | 32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| EBIT / Operating Income | 32,846 | 1,216 | 21,705 | 5,937 | 3,247 | 6,766 | 5,210 | 8,488 | -17.6% |
| Total Interest Income | 38 | 2,303 | 3,906 | 2,552 | 0 | 0 | 0 | 760 | +53.4% |
| Total Interest Expense | 4,584 | 0 | 0 | 0 | 1,306 | 2,828 | 248 | 0 | -38.5% |
| Total Other Income | 0 | 996 | 442 | 440 | 913 | 1,082 | 1,110 | 1,301 | +4.6% |
| Profit Before Tax | 28,300 | 91 | 18,241 | 8,049 | 1,028 | 2,856 | 3,852 | 7,947 | -16.6% |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 26,017 | 91 | 18,241 | 8,049 | 1,028 | 2,856 | 3,852 | 7,947 | -15.6% |
| Net Margin | 24.9% | 0.1% | 28.1% | 9.6% | 0.9% | 1.9% | 3.1% | 5.8% |
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).
Ranked by how close each latest revenue is to this one — not a curated comp set.