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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 15,958 · FY2023 11,221 · FY2024 13,070 — 3-yr total 40,249
Operates in Tobacco — Production. Per the activity note to the FY2024 annual report, the group manufactures and distributes tobacco products.
Subsidiary of Smart Capital Group (100.0%)
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0 | 4,717 | 96,973 | 170,602 | 184,639 | 144,570 | 140,184 | +97.1% |
| Total COGS | 0 | 2,932 | 73,937 | 139,050 | 150,290 | 119,498 | 111,969 | +107.2% |
| Gross Profit | 0 | 1,785 | 23,036 | 31,552 | 34,349 | 25,072 | 28,215 | +73.7% |
| Gross Margin | 0.0% | 37.8% | 23.8% | 18.5% | 18.6% | 17.3% | 20.1% | |
| 110 | 251 | 9,079 | 10,559 | 11,923 | 10,779 | 12,654 | nmf | |
| EBITDA | 110 | 1,534 | 13,957 | 20,993 | 22,426 | 14,293 | 15,561 | nmf |
| EBITDA Margin | 0.0% | 32.5% | 14.4% | 12.3% | 12.1% | 9.9% | 11.1% | |
| Total D&A | 11 | 190 | 502 | 378 | 514 | 579 | 548 | +91.8% |
| EBIT / Operating Income | 121 | 1,344 | 13,455 | 20,615 | 21,912 | 13,714 | 15,013 | nmf |
| Total Interest Income | 0 | 6 | 25 | 74 | 1,808 | 1,624 | 2,449 | nmf |
| Total Interest Expense | 3 | 789 | 919 | 1,445 | 1,695 | 1,169 | 1,718 | nmf |
| 7,254 | 35,657 | 32,252 | 24,110 | 3,183 | 763 | 1,136 | -26.6% | |
| Profit Before Tax | 7,130 | 36,218 | 44,813 | 43,354 | 25,208 | 14,932 | 16,880 | +15.4% |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 7,130 | 31,785 | 21,668 | 23,959 | 25,008 | 14,932 | 16,880 | +15.4% |
| Net Margin | 0.0% | 673.8% | 22.3% | 14.0% | 13.5% | 10.3% | 12.0% |
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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