Line item	2019	2020	2021	2022	2023	2024	CAGR
Total Revenue	2,810	2,835	2,919	3,360	3,094	2,985	+1.2%
Total COGS	-1,891	-1,885	-2,094	-2,414	-2,186	-2,001	+1.1%
Gross Profit	919	949	826	946	908	984	+1.4%
Gross Margin	32.7%	33.5%	28.3%	28.1%	29.3%	33.0%
Total Operating Expenses	-491	-474	-489	-687	-724	-777	+9.6%
EBITDA	428	475	337	259	183	207	-13.5%
EBITDA Margin	15.2%	16.8%	11.5%	7.7%	5.9%	6.9%
Total D&A	-29	-38	-37	-31	-27	-23	-3.9%
EBIT / Operating Income	400	438	300	228	156	184	-14.4%
Total Interest Expense	-7	-14	-8	0	0	0	+8.2%
Total Other Income	-46	-128	27	16	-9	-18	-16.8%
Profit Before Tax	346	296	318	244	147	165	-13.7%
Total Income Tax	0	0	0	0	0	0
Net Profit / (Loss)	382	346	337	274	173	189	-13.1%
Net Margin	13.6%	12.2%	11.5%	8.2%	5.6%	6.3%

Ownership & group structure

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.

companyinfo.ge · fetched 2026-07-15

Shareholders

ანნა ნიდერლანდერ100.0%

ანნა ნიდერლანდერPartner / Shareholder100.0%

Directors & board

მარია ცეგოლნიკDirector

Ownership & directors from companyinfo.ge (public corporate registry).