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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 Agriculture — Production - Crops. Per the activity note to the FY2024 annual report, the company cultivates perennial crops, processes and sells agricultural products. Operates 610 hectares of nut orchards in Abasha; 420 hectares in early ripeness stage.
Group parent — controls 1 company · ownership
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 101.2% | 61.7% | 78.1% | 10.9% | 101.6% | 98.3% | 100.0% |
| EBITDA Margin | -76.2% | -102.0% | -113.0% | -443.9% | -1642.6% | -2429.1% | -198.5% |
| EBITDAR | -1,262 | -1,339 | -980 | -1,853 | -2,104 | -2,826 | -2,392 |
| EBITDAR Margin | -69.9% | -100.9% | -111.0% | -440.1% | -1631.0% | -2415.4% | -197.5% |
| EBIT Margin | -91.6% | -139.6% | -184.6% | -600.7% | -2202.3% | -3237.6% | -287.1% |
| Net Profit Margin | -52.4% | -126.3% | -178.1% | -610.7% | -2334.9% | -3876.1% | -411.5% |
| Operating Expense % of Sales | 177.4% | 169.0% | 237.1% | 502.6% | 1799.2% | 2577.8% | 304.7% |
| Returns | |||||||
| Return on Assets (ROA) | -7.8% | -11.4% | -11.0% | -19.2% | -20.5% | -29.3% | -32.4% |
| Return on Equity (ROE) | -7.9% | -12.4% | -11.5% | -19.7% | -28.5% | -75.3% | -477.8% |
| ROIC [EBIT / Invested Capital] | -16.4% | -14.8% | -13.3% | -19.8% | -20.6% | -25.8% | -23.5% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 0.0% | 2.1% | 1.9% | 1.4% | 27.3% | 59.9% | 93.0% |
| Debt-to-Equity | 0.00x | 0.02x | 0.02x | 0.01x | 0.38x | 1.54x | 13.70x |
| Debt-to-EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity-to-Assets | 97.9% | 92.2% | 95.5% | 97.8% | 71.7% | 38.9% | 6.8% |
| Net Debt | -1,848 | -1,068 | -1,345 | -291 | 3,210 | 8,658 | 13,731 |
| Cash & Equivalents | 1,848 | 1,382 | 1,620 | 484 | 811 | 628 | 557 |
| Total Debt | N/A | 314 | 275 | 193 | 4,021 | 9,286 | 14,288 |
| Liquidity & working capital | |||||||
| Current Ratio | 23.13x | 4.03x | 7.20x | 10.34x | 0.60x | 0.39x | 0.12x |
| Quick Ratio | 14.71x | 2.54x | 4.26x | 6.40x | 0.23x | 0.18x | 0.06x |
| Cash Ratio | 7.33x | 1.53x | 3.58x | 2.47x | 0.19x | 0.11x | 0.04x |
| Total Current Assets | 5,830 | 3,639 | 3,254 | 2,027 | 2,505 | 2,217 | 1,660 |
| Total Current Liabilities | 252 | 903 | 452 | 196 | 4,167 | 5,657 | 14,133 |
| Inventory | 2,122 | 1,345 | 1,329 | 772 | 1,535 | 1,184 | 806 |
| Trade Receivables | 5 | N/A | 2 | 3 | N/A | N/A | N/A |
| Trade Payables | 252 | 833 | 367 | 103 | 146 | 178 | 38 |
| Net Working Capital | 5,578 | 2,736 | 2,802 | 1,831 | -1,662 | -3,440 | -12,473 |
| Net Working Capital % of Revenue | 309.0% | 206.2% | 317.3% | 434.9% | -1288.4% | -2940.2% | -1030.0% |
| Trade Working Capital | 1,875 | 512 | 964 | 672 | 1,389 | 1,006 | 768 |
| Trade Working Capital % of Revenue | 103.9% | 38.6% | 109.2% | 159.6% | 1076.7% | 859.8% | 63.4% |
| Change in Trade Working Capital | N/A | -1,363 | 452 | -292 | 717 | -383 | -238 |
| Turnover & efficiency | |||||||
| Inventory Turnover | 0.01x | 0.38x | 0.15x | 0.49x | 0.00x | 0.00x | N/A |
| Days Inventory Outstanding (DIO) | 35205.9 | 966.4 | 2513.4 | 751.4 | 280137.5 | 216080.0 | N/A |
| Receivables Turnover | 361.00x | N/A | 441.50x | 140.33x | N/A | N/A | N/A |
| Days Sales Outstanding (DSO) | 1.0 | N/A | 0.8 | 2.6 | N/A | N/A | N/A |
| Payables Turnover | 0.09x | 0.61x | 0.53x | 3.64x | 0.01x | 0.01x | N/A |
| Days Payable Outstanding (DPO) | 4180.9 | 598.5 | 694.1 | 100.3 | 26645.0 | 32485.0 | N/A |
| Cash Conversion Cycle | 31026.0 days | 367.9 days | 1820.2 days | 653.8 days | 253492.5 days | 183595.0 days | N/A |
| Asset Turnover | 0.15x | 0.09x | 0.06x | 0.03x | 0.01x | 0.01x | 0.08x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | -1,295 | -302 | -1,246 | -2,064 | -2,410 | -2,731 | -2,546 |
| Free Cash Flow (OCF − Capex proxy) | -4,115 | -3,902 | -1,433 | -3,028 | -4,051 | -4,540 | -3,531 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | N/A | N/A | 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).
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