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Georgian representative office of BlueOrchard Finance Ltd, the Zurich-based impact investment manager (founded 2001 at the initiative of the UN as the first commercial manager of microfinance debt funds; majority-owned by Schroders plc since 2019). BlueOrchard manages private and public debt, private equity and blended-finance mandates in emerging markets. The Tbilisi office originates and monitors the funds' microfinance and SME exposure in Georgia and the region and earns service fees; the loans sit on the Luxembourg-domiciled funds' books, so the Georgian accounts show no loan portfolio and no interest income (FY2024: revenue GEL 11.5m, total assets GEL 5.6m, 16 staff).
blueorchard.comimpacteurope.netreportal.ge
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 3,948 | 4,970 | 7,659 | 9,024 | 12,782 | 11,025 | 11,492 | +19.5% |
| Total COGS | 3,227 | 4,150 | 6,310 | 7,349 | 10,400 | 8,904 | 9,122 | +18.9% |
| Gross Profit | 721 | 820 | 1,349 | 1,675 | 2,382 | 2,120 | 2,369 | +21.9% |
| Gross Margin | 18.3% | 16.5% | 17.6% | 18.6% | 18.6% | 19.2% | 20.6% | |
| 331 | 421 | 547 | 703 | 788 | 1,183 | 1,179 | +23.6% | |
| EBITDA | 390 | 400 | 803 | 972 | 1,594 | 937 | 1,191 | +20.4% |
| EBITDA Margin | 9.9% | 8.0% | 10.5% | 10.8% | 12.5% | 8.5% | 10.4% | |
| Total D&A | 17 | 28 | 47 | 78 | 100 | 136 | 127 | +40.5% |
| EBIT / Operating Income | 373 | 371 | 755 | 894 | 1,495 | 802 | 1,064 | +19.1% |
| 31 | 25 | 196 | 191 | 476 | 210 | 334 | +48.4% | |
| Profit Before Tax | 342 | 397 | 951 | 702 | 1,018 | 592 | 729 | +13.4% |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 415 | |
| Net Profit / (Loss) | 359 | 397 | 988 | 764 | 1,081 | 708 | 411 | +2.3% |
| Net Margin | 9.1% | 8.0% | 12.9% | 8.5% | 8.5% | 6.4% | 3.6% |
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Ownership & directors from companyinfo.ge (public corporate registry).
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