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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
State-owned entity that owns and manages regional airports in Georgia, including Kutaisi, Batumi and several smaller airfields. Counterpart to TAV-operated Tbilisi/Batumi commercial operations.
Subsidiary of Sakhelmtsipo (100.0%)
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 54,848 | 64,159 | 67,997 | 35,228 | 66,830 | 85,744 | 98,067 | 121,093 | +12.0% |
| Total COGS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Gross Profit | 54,848 | 64,159 | 67,997 | 35,228 | 66,830 | 85,744 | 98,067 | 121,093 | +12.0% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
| 19,569 | 34,225 | 37,031 | 26,511 | 28,835 | 39,161 | 59,327 | 73,767 | +20.9% | |
| EBITDA | 35,279 | 29,934 | 30,966 | 8,717 | 37,995 | 46,583 | 38,740 | 47,326 | +4.3% |
| EBITDA Margin | 64.3% | 46.7% | 45.5% | 24.7% | 56.9% | 54.3% | 39.5% | 39.1% | |
| Total D&A | 11,274 | 12,467 | 11,270 | 11,029 | 12,105 | 13,610 | 13,928 | 15,061 | +4.2% |
| 18,042 | 18,257 | 17,790 | 35,235 | 0 | 7,454 | 2,426 | 59,610 | +18.6% | |
| EBIT / Operating Income | 5,963 | 790 | 1,906 | 37,547 | 25,890 | 25,519 | 22,386 | 27,345 | nmf |
| Total Interest Income | 1,143 | 3,734 | 2,933 | 2,587 | 1,562 | 1,445 | 1,515 | 2,634 | +12.7% |
| Total Interest Expense | 0 | 0 | 0 | 0 | 2,436 | 618 | 0 | 0 | -74.6% |
| 732 | 1,301 | 1,425 | 2,701 | 1,819 | 3,155 | 2,503 | 3,633 | +25.7% | |
| Profit Before Tax | 7,838 | 4,245 | 6,264 | 32,259 | 23,197 | 23,191 | 26,404 | 21,078 | nmf |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 1,050 | 19 | 2,072 | 36,716 | 19,025 | 18,917 | 26,404 | 21,078 | +53.5% |
| Net Margin | 1.9% | 0.0% | 3.0% | 104.2% | 28.5% | 22.1% | 26.9% | 17.4% |
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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