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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2021 0 · FY2022 0 · FY2023 0
Georgian education sector company.
Subsidiary of Fund Investment (75.0%)
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR |
|---|---|---|---|---|---|---|---|
| 6,453 | 5,923 | 7,125 | 8,704 | 11,068 | 12,717 | +14.5% | |
| Total COGS | 172 | 215 | 258 | 244 | 4,371 | 5,139 | +97.2% |
| Gross Profit | 6,281 | 5,708 | 6,868 | 8,460 | 6,697 | 7,578 | +3.8% |
| Gross Margin | 97.3% | 96.4% | 96.4% | 97.2% | 60.5% | 59.6% | |
| Other Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total Operating Expenses | 5,206 | 5,691 | 6,563 | 6,132 | 4,043 | 3,882 | -5.7% |
| EBITDA | 1,075 | 17 | 305 | 2,328 | 2,654 | 3,696 | +28.0% |
| EBITDA Margin | 16.7% | 0.3% | 4.3% | 26.7% | 24.0% | 29.1% | |
| Total D&A | 0 | 0 | 0 | 0 | 0 | 0 | |
| EBIT / Operating Income | 1,075 | 17 | 305 | 2,328 | 2,654 | 3,696 | +28.0% |
| Total Interest Income | 0 | 0 | 101 | 830 | 0 | 68 | -12.1% |
| Total Interest Expense | 0 | 0 | 46 | 315 | 33 | 543 | +127.9% |
| 69 | 66 | 148 | 88 | 76 | 0 | nmf | |
| Profit Before Tax | 1,145 | 82 | 212 | 2,932 | 2,545 | 3,222 | +23.0% |
| Total Income Tax | 0 | 1 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 1,131 | 82 | 111 | 2,932 | 2,545 | 3,222 | +23.3% |
| Net Margin | 17.5% | 1.4% | 1.6% | 33.7% | 23.0% | 25.3% |
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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