Loading…
* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 22,050 · FY2023 4,597 · FY2024 0 — 3-yr total 26,647
Atlas Holdings LLC (ატლას ჰოლდინგსი) is the Georgian holding company for Adjarabet, the country's largest online betting and gaming operator (casino, sports, poker and peer-to-peer games; ~40% of online revenues at the time of the 2019 deal). It is the vehicle through which Paddy Power Betfair, now Flutter Entertainment, bought 51% of Atlas LLC from City Loft LLC (Adjara Group, 404909934) on 1 February 2019 for £101m and the remaining 49% on 1 July 2022 for $251m (£204m); the register shows it 100% owned by Flutter's TSE Holdings Limited since 30 December 2022. Consolidated FY2024 revenue ₾884m. Subsidiaries on the register: Atlas LLC (404569944, 51% since 2019), AdjaraPay (404984978, 100% since April 2023), Aviator LLC (405076304) and Advanced Systems (405425936), both 100% since January 2024. Declared NACE 64200 (holding activities) describes the legal shell, not the consolidated business.
Subsidiary of Shezghuduli Pasukhismgeblobis Sazogadoeba TSE Holdings Limited (100.0%)
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|
| 88,099 | 81,433 | 128,837 | 195,154 | 218,598 | 181,546 | +15.6% | |
| 457,462 | 429,443 | 417,835 | 392,926 | 381,305 | 356,037 | -4.9% | |
| TOTAL ASSETS | 545,561 | 510,876 | 546,672 | 588,080 | 599,903 | 537,583 | -0.3% |
| 424,269 | 459,817 | 389,161 | 936,507 | 122,775 | 158,957 | -17.8% | |
| 3,255 | 7,980 | 7,671 | 4,878 | 796,844 | 641,627 | nmf | |
| TOTAL LIABILITIES | 427,524 | 467,797 | 396,832 | 941,385 | 919,619 | 800,584 | +13.4% |
| 118,037 | 43,079 | 149,840 | 353,305 | 319,716 | 263,001 | nmf | |
| Balance Check (Assets - L&E) | 0 | 0 | 0 | 0 | 0 | 0 | |
| Debt analysis | |||||||
| Total Debt | 393,788 | 409,683 | 318,019 | 853,471 | 798,553 | 643,753 | +10.3% |
| Cash & Equivalents | 67,196 | 38,080 | 63,924 | 131,183 | 160,007 | 125,070 | +13.2% |
| Net Debt | 326,592 | 371,603 | 254,095 | 722,288 | 638,546 | 518,683 | +9.7% |
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).
Ranked by how close each latest revenue is to this one — not a curated comp set. Open this set in Compare →