შპს გარდაბნის თბოსადგური — Georgia Financials

შპს გარდაბნის თბოსადგური

Power & Utilities

ID 404428071 · FY 2017–2024 · 8 years

Subsidiary of სააქციო საზოგადოება (78.3%)

Gardabani Thermal Power Plant LLC operates the Gardabani-1 (230 MW) and Gardabani-2 (272 MW) combined-cycle gas-turbine plants near Tbilisi — Georgia's largest base-load thermal capacity. Wholly owned by state operator GOGC.

curated 2026-06-03gogc.ge power-technology.com

Annual report FY2024

Revenue

₾242.9m

+26.2% YoY

EBITDA

₾85.7m

-4.9% YoY

Net profit

₾66.5m

-6.8% YoY

Total assets

₾419.9m

Revenue & margins

latest FY 2024: ₾242.9m

Financial statements

consolidated · GEL

FY–₾ '000

XLSX

Line item	2017	2018	2019	2020	2021	2022	2023	2024	CAGR
Total Revenue	199,757	209,140	225,057	232,324	210,263	213,030	192,524	242,944	+2.8%
Total COGS	-88,073	-93,046	-110,998	-114,864	-89,847	-98,522	-84,005	-134,978	+6.3%
Gross Profit	111,684	116,094	114,059	117,460	120,416	114,508	108,519	107,966	-0.5%
Gross Margin	55.9%	55.5%	50.7%	50.6%	57.3%	53.8%	56.4%	44.4%
Total Operating Expenses	-8,256	-15,354	-19,032	-15,791	-12,359	-21,757	-18,402	-22,270	+15.2%
EBITDA	103,428	100,740	95,027	101,669	108,057	92,751	90,117	85,696	-2.7%
EBITDA Margin	51.8%	48.2%	42.2%	43.8%	51.4%	43.5%	46.8%	35.3%
Total D&A	-17,366	-17,328	-19,808	-20,738	-26,077	-23,936	-25,219	-26,960	+6.5%
EBIT / Operating Income	86,062	83,412	75,219	80,931	81,980	68,815	64,898	58,736	-5.3%
Total Interest Income	4,790	2,495	2,220	2,125	16,764	25,974	9,458	7,780	+7.2%
Total Interest Expense	-33,824	-28,457	-47,547	-60,093	-19,376	-10,469	-3,023	-29	nmf
Total Other Income	284	-8,099	0	0	0	0	0	0	nmf
Profit Before Tax	57,312	49,351	29,892	22,963	79,368	84,320	71,333	66,487	+2.1%
Total Income Tax	0	0	0	0	0	0	0	0
Net Profit / (Loss)	57,510	45,200	25,727	18,914	75,324	80,749	71,333	66,487	+2.1%
Net Margin	28.8%	21.6%	11.4%	8.1%	35.8%	37.9%	37.1%	27.4%