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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
Operates in Power & Utilities — Power Transmission & Trading. Per the activity note to the FY2024 annual report, the company buys and sells electricity on both the domestic and international markets.
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 9.3% | 3.6% | 4.1% | 16.4% | 2.9% | 7.3% |
| EBITDA Margin | -25.6% | -6.3% | -1.8% | 7.1% | -9.3% | 1.3% |
| EBITDAR | -311 | -107 | 182 | 6,826 | -4,517 | 1,261 |
| EBITDAR Margin | -8.8% | -0.9% | 0.8% | 7.7% | -8.8% | 1.4% |
| EBIT Margin | -31.2% | -8.9% | -3.8% | 6.6% | -9.8% | 1.0% |
| Net Profit Margin | -34.3% | -8.6% | -4.0% | 3.7% | -9.7% | 1.2% |
| Operating Expense % of Sales | 34.9% | 10.0% | 5.9% | 9.3% | 12.2% | 6.1% |
| Returns | ||||||
| Return on Assets (ROA) | -24.8% | -11.7% | -8.7% | 20.3% | -47.3% | 10.5% |
| Return on Equity (ROE) | -25.5% | -19.7% | -9.0% | 30.8% | -86.6% | 12.3% |
| ROIC [EBIT / Invested Capital] | -25.5% | -53.6% | -9.0% | 98.7% | -112.8% | 15.0% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt-to-Equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | N/A | N/A | N/A | 0.00x | N/A | 0.00x |
| Equity-to-Assets | 97.1% | 59.3% | 97.1% | 66.1% | 54.7% | 84.8% |
| Net Debt | -424 | -3,113 | -714 | -4,727 | -1,306 | -2,483 |
| Cash & Equivalents | 424 | 3,113 | 714 | 4,727 | 1,306 | 2,483 |
| Total Debt | N/A | N/A | N/A | N/A | N/A | N/A |
| Liquidity & working capital | ||||||
| Current Ratio | 26.22x | 1.95x | 41.13x | 2.32x | 1.56x | 4.71x |
| Quick Ratio | 24.01x | 1.95x | 36.57x | 2.32x | 1.56x | 4.71x |
| Cash Ratio | 3.02x | 0.90x | 2.74x | 0.86x | 0.27x | 1.61x |
| Total Current Assets | 3,686 | 6,724 | 10,725 | 12,717 | 7,433 | 7,261 |
| Total Current Liabilities | 141 | 3,442 | 261 | 5,491 | 4,759 | 1,542 |
| Inventory | 310 | 0 | 1,191 | 1 | N/A | N/A |
| Trade Receivables | 193 | 946 | 1,483 | 3,589 | 1,609 | 3,166 |
| Trade Payables | 141 | 2,949 | 88 | 5,223 | 4,575 | 1,049 |
| Net Working Capital | 3,546 | 3,282 | 10,464 | 7,226 | 2,674 | 5,718 |
| Net Working Capital % of Revenue | 100.9% | 28.7% | 48.3% | 8.1% | 5.2% | 6.3% |
| Trade Working Capital | 363 | -2,003 | 2,586 | -1,633 | -2,966 | 2,117 |
| Trade Working Capital % of Revenue | 10.3% | -17.5% | 11.9% | -1.8% | -5.8% | 2.3% |
| Change in Trade Working Capital | N/A | -2,366 | 4,589 | -4,219 | -1,333 | 5,084 |
| Turnover & efficiency | ||||||
| Inventory Turnover | 10.28x | 180721.97x | 17.47x | 107874.90x | N/A | N/A |
| Days Inventory Outstanding (DIO) | 35.5 | 0.0 | 20.9 | 0.0 | N/A | N/A |
| Receivables Turnover | 18.17x | 12.09x | 14.62x | 24.78x | 31.74x | 28.56x |
| Days Sales Outstanding (DSO) | 20.1 | 30.2 | 25.0 | 14.7 | 11.5 | 12.8 |
| Payables Turnover | 22.68x | 3.74x | 236.26x | 14.23x | 10.84x | 79.91x |
| Days Payable Outstanding (DPO) | 16.1 | 97.6 | 1.5 | 25.6 | 33.7 | 4.6 |
| Cash Conversion Cycle | 39.5 days | -67.5 days | 44.3 days | -10.9 days | -22.2 days | 8.2 days |
| Asset Turnover | 0.72x | 1.35x | 2.15x | 5.49x | 4.86x | 8.92x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | 429 | 2,669 | -12,468 | 7,422 | -3,492 | -551 |
| Free Cash Flow (OCF − Capex proxy) | 429 | 2,669 | -2,410 | 6,903 | -3,260 | -570 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | 117.7% | N/A | -48.6% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | N/A | N/A | 0.0% | N/A | 0.0% |
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).
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