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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2020 130,000 · FY2021 151,000 · FY2022 103,500 — 3-yr total 384,500
Atlas LLC (ატლას) is the original operating company of Adjarabet, Georgia's largest online betting and gaming brand (casino, sports, poker and peer-to-peer games; adjarabet.com). Paddy Power Betfair, now Flutter Entertainment, bought 51% from City Loft LLC, Temur Ugulava's Adjara Group holding (404909934), on 1 February 2019 for £101m through Atlas Holdings LLC (404572789), and the remaining 49% on 1 July 2022 for $251m (£204m). FY2018 revenue ₾215m and EBITDA ₾68m per the deal announcement; FY2022 revenue ₾706m. Filings stop after FY2022, when reporting moved to the consolidated Atlas Holdings LLC. The register extract here still shows the 2019 51/49 split between Atlas Holdings and City Loft; the 2022 buy-out settled at the Atlas Holdings level.
Subsidiary of Atlas Holdings (51.0%)
| Line item | 2019 | 2020 | 2021 | 2022 | CAGR |
|---|---|---|---|---|---|
| 88,099 | 81,433 | 128,837 | 195,156 | +30.4% | |
| 26,439 | 39,623 | 59,815 | 60,829 | +32.0% | |
| TOTAL ASSETS | 114,538 | 121,056 | 188,652 | 255,985 | +30.7% |
| 35,595 | 61,033 | 80,610 | 89,244 | +35.9% | |
| 3,255 | 7,980 | 7,674 | 4,878 | +14.4% | |
| TOTAL LIABILITIES | 38,850 | 69,013 | 88,284 | 94,122 | +34.3% |
| 75,688 | 52,043 | 100,368 | 161,863 | +28.8% | |
| Balance Check (Assets - L&E) | 0 | 0 | 0 | 0 | |
| Debt analysis | |||||
| Total Debt | 5,267 | 11,161 | 9,615 | 6,428 | +6.9% |
| Cash & Equivalents | 67,196 | 38,080 | 63,924 | 131,183 | +25.0% |
| Net Debt | 61,929 | 26,919 | 54,309 | 124,755 | +26.3% |
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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