ID 404535240 · FY 2019–2024 · 6 years
Subsidiary of სილქ როუდ გრუპ ჰოლდინგ (95.0%)
SRG Real Estate LLC is the real-estate-development arm of Silk Road Group, focused on commercial and mixed-use property in Tbilisi. Projects within the SRG portfolio include Radisson Blu Iveria-adjacent assets and several Tbilisi office / hospitality developments.
curated 2026-06-03silkroadgroup.netreportal.ge
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|
| Total Revenue | 192,573 | 58,358 | 144,738 | 246,002 | 246,995 | 258,689 | +6.1% |
| Total COGS | -59,302 | -21,324 | -42,972 | -65,347 | -71,981 | -91,485 | +9.1% |
| Gross Profit | 133,271 | 37,034 | 101,766 | 180,655 | 175,014 | 167,204 | +4.6% |
| Gross Margin | 69.2% | 63.5% | 70.3% | 73.4% | 70.9% | 64.6% | |
| Total Operating Expenses | -85,933 | -9,362 | -60,268 | -92,085 | -107,719 | -135,580 | +9.5% |
| EBITDA | 47,338 | 27,672 | 41,498 | 88,570 | 67,295 | 31,624 | -7.8% |
| EBITDA Margin | 24.6% | 47.4% | 28.7% | 36.0% | 27.2% | 12.2% | |
| Total D&A | -27,835 | -26,492 | -29,408 | -26,977 | -27,566 | -27,221 | -0.4% |
| EBIT / Operating Income | 19,503 | 1,180 | 12,090 | 61,593 | 39,729 | 4,403 | -25.7% |
| Total Interest Income | 17,515 | 18,932 | 19,655 | 18,639 | 9,103 | 3,116 | -29.2% |
| Total Interest Expense | -23,343 | -22,441 | -29,515 | -26,284 | -27,176 | -20,293 | -2.8% |
| Total Other Income | -745 | 2,414 | 3,032 | -5,220 | -9,009 | -805 | +1.6% |
| Profit Before Tax | 12,930 | 85 | 5,262 | 48,728 | 12,647 | -13,579 | nmf |
| Total Income Tax | 899 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 9,203 | -853 | 2,460 | 45,134 | 12,647 | -13,579 | nmf |
| Net Margin | 4.8% | -1.5% | 1.7% | 18.3% | 5.1% | -5.2% |
Ownership & directors from companyinfo.ge (public corporate registry).