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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
The Company is engaged in provision of transportation of oil products and petrochemicals.
activity note, FY2024 annual report (reportal.ge) [2026-08-05]
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | 100.0% | 100.1% | 100.0% | 100.0% | 100.0% | 11.1% | 12.2% | 12.0% |
| EBITDA Margin | 36.1% | 21.9% | 36.7% | 55.4% | 59.6% | 4.6% | 8.0% | 0.5% |
| EBITDAR | 502 | 598 | 1,095 | 4,454 | 6,340 | 6,385 | 15,125 | 738 |
| EBITDAR Margin | 38.3% | 44.9% | 53.4% | 60.4% | 63.5% | 4.9% | 8.2% | 1.0% |
| EBIT Margin | 35.8% | 21.0% | 35.3% | 55.0% | 59.3% | 4.6% | 8.0% | 0.4% |
| Net Profit Margin | 35.9% | 21.8% | 22.5% | 19.4% | 14.7% | 4.5% | 7.9% | 0.1% |
| Operating Expense % of Sales | 63.9% | 78.2% | 63.3% | 44.6% | 40.4% | 6.5% | 4.2% | 11.5% |
| Returns | ||||||||
| Return on Assets (ROA) | 23.3% | 15.1% | 10.7% | 33.5% | 27.3% | 39.2% | 56.1% | 0.3% |
| Return on Equity (ROE) | 110.7% | 40.6% | 39.2% | 54.9% | 35.9% | 58.9% | 59.4% | 0.4% |
| ROIC [EBIT / Invested Capital] | N/A | 78.8% | N/A | 6365.1% | N/A | 281.9% | 69.2% | 1.2% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 18.3% |
| Debt-to-Equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.23x |
| Debt-to-EBITDA | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 15.15x |
| Equity-to-Assets | 21.1% | 37.1% | 27.2% | 61.0% | 75.9% | 66.5% | 94.5% | 79.8% |
| Net Debt | -1,476 | -361 | -2,174 | -2,548 | -4,383 | -7,787 | -3,093 | 1,432 |
| Cash & Equivalents | 1,476 | 361 | 2,174 | 2,548 | 4,383 | 7,787 | 3,093 | 4,193 |
| Total Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5,625 |
| Liquidity & working capital | ||||||||
| Current Ratio | 0.98x | 1.59x | 1.37x | 2.56x | 4.16x | 2.97x | 18.14x | 4.93x |
| Quick Ratio | 0.98x | 1.59x | 1.37x | 2.56x | 4.15x | 2.72x | 18.13x | 4.93x |
| Cash Ratio | 0.93x | 0.30x | 0.69x | 1.52x | 3.40x | 1.56x | 2.19x | 0.68x |
| Total Current Assets | 1,565 | 1,931 | 4,326 | 4,285 | 5,367 | 14,800 | 25,676 | 30,557 |
| Total Current Liabilities | 1,595 | 1,215 | 3,149 | 1,673 | 1,291 | 4,986 | 1,415 | 6,195 |
| Inventory | N/A | N/A | 1 | 9 | 15 | 1,259 | 15 | 17 |
| Trade Receivables | 70 | N/A | N/A | 1,617 | 885 | 5,744 | 22,567 | 26,346 |
| Trade Payables | N/A | N/A | 3,149 | 1,673 | 1,291 | 4,986 | 1,415 | 570 |
| Net Working Capital | -30 | 717 | 1,178 | 2,612 | 4,076 | 9,814 | 24,261 | 24,362 |
| Net Working Capital % of Revenue | -2.3% | 53.8% | 57.5% | 35.4% | 40.8% | 7.5% | 13.1% | 33.8% |
| Trade Working Capital | 70 | N/A | -3,148 | -47 | -391 | 2,018 | 21,167 | 25,793 |
| Trade Working Capital % of Revenue | 5.3% | N/A | -153.6% | -0.6% | -3.9% | 1.5% | 11.5% | 35.8% |
| Change in Trade Working Capital | N/A | -70 | -3,148 | 3,101 | -344 | 2,408 | 19,150 | 4,626 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | N/A | N/A | N/A | N/A | N/A | 91.98x | 10569.11x | 3692.02x |
| Days Inventory Outstanding (DIO) | N/A | N/A | N/A | N/A | N/A | 4.0 | 0.0 | 0.1 |
| Receivables Turnover | 18.70x | N/A | N/A | 4.56x | 11.28x | 22.69x | 8.18x | 2.73x |
| Days Sales Outstanding (DSO) | 19.5 | N/A | N/A | 80.0 | 32.3 | 16.1 | 44.6 | 133.5 |
| Payables Turnover | N/A | N/A | N/A | N/A | N/A | 23.23x | 114.62x | 111.19x |
| Days Payable Outstanding (DPO) | N/A | N/A | N/A | N/A | N/A | 15.7 | 3.2 | 3.3 |
| Cash Conversion Cycle | 19.5 days | N/A | N/A | 80.0 days | 32.3 days | 4.3 days | 41.4 days | 130.3 days |
| Asset Turnover | 0.65x | 0.69x | 0.47x | 1.72x | 1.86x | 8.75x | 7.15x | 2.35x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | 1,336 | -1,129 | 1,110 | 1,368 | 1,231 | 4,439 | -3,903 | -3,998 |
| Free Cash Flow (OCF − Capex proxy) | 1,336 | -1,129 | 2,091 | 8 | 1,265 | 4,439 | -3,903 | -4,047 |
| Cash Conversion (OCF / EBITDA) | 282.4% | -387.2% | 147.4% | 33.5% | 20.7% | 73.7% | -26.4% | -1076.5% |
| Dividends Declared | N/A | N/A | N/A | N/A | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | N/A | N/A | N/A | 0.0% | 0.0% | 0.0% | 0.0% |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in GEL, thousands. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.
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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