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Operates in Logistics & Transport — Rail. Per the activity note to the FY2024 annual report, the company provides international rail freight services.
Subsidiary of Adia (66.7%)
| Ratio | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Margins | ||||
| Gross Margin | 29.9% | 21.0% | 15.7% | 15.1% |
| EBITDA Margin | 28.9% | 20.3% | 14.4% | 13.0% |
| EBITDAR | 5,694 | 11,212 | 12,521 | 8,071 |
| EBITDAR Margin | 28.9% | 20.3% | 14.6% | 13.3% |
| EBIT Margin | 28.9% | 20.3% | 14.4% | 12.9% |
| Net Profit Margin | 27.1% | 18.1% | 13.6% | 13.0% |
| Operating Expense % of Sales | 1.0% | 0.8% | 1.2% | 2.1% |
| Returns | ||||
| Return on Assets (ROA) | 56.1% | 103.4% | 291.6% | 257.3% |
| Return on Equity (ROE) | 101.3% | 238.2% | 10852.6% | N/A |
| ROIC [EBIT / Invested Capital] | N/A | N/A | N/A | N/A |
| Leverage & debt balances | ||||
| Debt-to-Assets | 2.1% | 1.7% | 0.4% | 0.5% |
| Debt-to-Equity | 0.04x | 0.04x | 0.15x | -0.10x |
| Debt-to-EBITDA | 0.03x | 0.01x | 0.00x | 0.00x |
| Equity-to-Assets | 55.4% | 43.4% | 2.7% | -5.4% |
| Net Debt | -9,192 | -7,467 | -1,881 | -963 |
| Cash & Equivalents | 9,389 | 7,629 | 1,897 | 980 |
| Total Debt | 197 | 162 | 16 | 17 |
| Liquidity & working capital | ||||
| Current Ratio | 2.34x | 1.79x | 0.52x | 0.35x |
| Quick Ratio | 2.34x | 1.79x | 0.52x | 0.35x |
| Cash Ratio | 2.32x | 1.44x | 0.48x | 0.30x |
| Total Current Assets | 9,473 | 9,521 | 2,035 | 1,126 |
| Total Current Liabilities | 4,049 | 5,310 | 3,916 | 3,223 |
| Inventory | N/A | N/A | N/A | N/A |
| Trade Receivables | 82 | 71 | 71 | 74 |
| Trade Payables | 128 | 2,274 | 3,899 | 1,619 |
| Net Working Capital | 5,424 | 4,211 | -1,881 | -2,097 |
| Net Working Capital % of Revenue | 27.5% | 7.6% | -2.2% | -3.4% |
| Trade Working Capital | -46 | -2,202 | -3,828 | -1,545 |
| Trade Working Capital % of Revenue | -0.2% | -4.0% | -4.5% | -2.5% |
| Change in Trade Working Capital | N/A | -2,157 | -1,625 | 2,283 |
| Turnover & efficiency | ||||
| Inventory Turnover | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | N/A | N/A |
| Receivables Turnover | 240.29x | 771.84x | 1209.57x | 819.41x |
| Days Sales Outstanding (DSO) | 1.5 | 0.5 | 0.3 | 0.4 |
| Payables Turnover | 108.12x | 19.15x | 18.60x | 31.89x |
| Days Payable Outstanding (DPO) | 3.4 | 19.1 | 19.6 | 11.4 |
| Cash Conversion Cycle | -1.9 days | -18.6 days | -19.3 days | -11.0 days |
| Asset Turnover | 2.07x | 5.70x | 21.37x | 19.83x |
| Cash flow & dividends | ||||
| Operating Cash Flow | N/A | N/A | N/A | N/A |
| Free Cash Flow (OCF − Capex proxy) | N/A | N/A | N/A | N/A |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | N/A |
| Dividends Declared | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | N/A | N/A | N/A | N/A |
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).
Ranked by how close each latest revenue is to this one — not a curated comp set.