Greenway Georgia

Greenway Georgia JSC (სს გრინვეი საქართველო) operates periodic technical inspection (PTI) centres for motor vehicles under the გრინვეი საქართველო mark (greenway.ge); its registry product line is "სერვისი - ავტომობილების ტექნიკური დათვალიერება". It is not connected to Greenway Global, the direct-selling household-goods group of the same name: the register lists only Georgian natural persons as members and directors, with no foreign parent. Registered 9 July 2010 at University St 24, Vake, Tbilisi; 175 employees at FY2024. Revenue first appears in FY2019 at ₾12.9m, after total assets went from ₾4.4m to ₾43.9m across FY2018 — the station network was built before the fee stream began, and the ₾3.9m and ₾9.6m net losses of FY2019-20 are that build being carried. FY2024 revenue ₾21.8m, EBITDA ₾12.0m (55%), net profit ₾7.4m. The filed accounts carry no cost of goods at all — gross profit equals revenue and the entire cost base is operating expense (personnel ₾6.5m, other administrative ₾2.1m, utilities ₾0.9m), against ₾2.6m of depreciation and ₾2.8m of interest. That is a capital-intensive inspection franchise, not a distributor: the 100% gross margin is the absence of anything bought for resale, not a pricing result. Declared NACE is 71200 (technical testing and analysis) and 45200 (maintenance and repair of motor vehicles); the retail (47710) and residential-letting (68201) codes on the file are not the operating business.

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