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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Hospitality — Accommodation. Per the activity note to the FY2024 annual report, the company operates a hotel and resort business providing hospitality services year-round. Based in Tbilisi, Mtatsminday district, Rustaveli Avenue, N37.
Subsidiary of SRG Real Estate (100.0%)
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|
| Total Revenue | 1,211 | 1,435 | 2,874 | 3,399 | 3,720 | 3,706 | +25.1% |
| Total COGS | 403 | 817 | 593 | 763 | 655 | 679 | +11.0% |
| Gross Profit | 808 | 618 | 2,281 | 2,636 | 3,065 | 3,027 | +30.2% |
| Gross Margin | 66.7% | 43.0% | 79.4% | 77.5% | 82.4% | 81.7% | |
| 531 | 772 | 1,762 | 2,082 | 2,385 | 2,262 | +33.6% | |
| EBITDA | 277 | 154 | 519 | 553 | 680 | 764 | +22.5% |
| EBITDA Margin | 22.9% | 10.7% | 18.0% | 16.3% | 18.3% | 20.6% | |
| Total D&A | 181 | 515 | 519 | 414 | 390 | 409 | +17.8% |
| EBIT / Operating Income | 96 | 669 | 0 | 139 | 290 | 355 | +29.8% |
| Total Interest Income | 5 | 2 | 0 | 0 | 0 | 0 | -67.8% |
| Total Interest Expense | 317 | 175 | 289 | 528 | 701 | 755 | +18.9% |
| 321 | 926 | 155 | 1 | 39 | 85 | -23.3% | |
| Profit Before Tax | 537 | 1,768 | 134 | 388 | 372 | 485 | -2.0% |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 537 | 1,768 | 134 | 388 | 372 | 485 | -2.0% |
| Net Margin | 44.3% | 123.2% | 4.7% | 11.4% | 10.0% | 13.1% |
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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