ID 404890445 · FY 2018–2024 · 7 years
Pharmanet (ფარმანეტი, pharmanet.ge) — a Georgian retail pharmacy chain founded in 2011, competing on price with a large selection of (notably Turkish) medications, a loyalty 'pharma card' and recurring weekly discounts. Retail-level margins (~18–20%); active and steadily growing (revenue ~GEL 3m in 2018 to ~GEL 6.7m in 2024).
curated 2026-06-25
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 2,978 | 4,402 | 4,836 | 5,677 | 4,719 | 5,284 | 6,688 | +14.4% |
| Total COGS | -2,357 | -3,528 | -3,899 | -4,543 | -3,822 | -4,431 | -5,471 | +15.1% |
| Gross Profit | 621 | 873 | 937 | 1,134 | 897 | 853 | 1,217 | +11.9% |
| Gross Margin | 20.8% | 19.8% | 19.4% | 20.0% | 19.0% | 16.1% | 18.2% | |
| Total Operating Expenses | -494 | -707 | -780 | -892 | -980 | -830 | -934 | +11.2% |
| EBITDA | 127 | 166 | 157 | 242 | -83 | 22 | 284 | +14.4% |
| EBITDA Margin | 4.3% | 3.8% | 3.2% | 4.3% | -1.8% | 0.4% | 4.2% | |
| Total D&A | -49 | -45 | -51 | -32 | -30 | -31 | -36 | -5.1% |
| EBIT / Operating Income | 78 | 121 | 106 | 210 | -113 | -9 | 248 | +21.3% |
| Total Interest Expense | -61 | -56 | -68 | -80 | -57 | -68 | -65 | +1.1% |
| Total Other Income | 0 | 0 | -5 | 25 | 83 | -19 | -31 | nmf |
| Profit Before Tax | 17 | 65 | 33 | 154 | -88 | -96 | 152 | +44.2% |
| Total Income Tax | 0 | -1 | -47 | -0 | -26 | 0 | 0 | +237.9% |
| Net Profit / (Loss) | 120 | 165 | 71 | 267 | -26 | 4 | 253 | +13.2% |
| Net Margin | 4.0% | 3.8% | 1.5% | 4.7% | -0.5% | 0.1% | 3.8% |
Ownership & directors from companyinfo.ge (public corporate registry).