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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
Hospitality operator on Georgia's Black Sea coast, developing and running resort properties.
Subsidiary of Georgia Tourism Development Fund (100.0%)
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Net Cash from Operating Activities | 8,575 | 17,631 | 1,902 | 1,483 | 6,915 | 6,268 | 1,766 | 595 | -31.7% |
| Net Cash used in Investing Activities | 0 | 38,855 | 12,654 | 8,918 | 8,307 | 10,879 | 8,643 | 19,192 | nmf |
| Free Cash Flow (OCF − Capex proxy) | 8,575 | 21,224 | 10,752 | 7,435 | 1,392 | 4,611 | 6,877 | 18,597 | nmf |
| Net Cash from Financing Activities | 0 | 24,666 | 13,753 | 4,104 | 385 | 8,453 | 8,570 | 23,608 | nmf |
| Net Change in Cash (before FX) | 8,575 | 3,442 | 3,001 | 3,331 | 1,007 | 3,842 | 1,693 | 5,011 | -7.4% |
| Effect of FX on Cash | 0 | 108 | 28 | 68 | 30 | 36 | 2 | 94 | nmf |
| Net Change in Cash (incl. FX) | 8,575 | 3,550 | 3,029 | 3,399 | 1,037 | 3,806 | 1,691 | 5,105 | -7.1% |
| Cash at Beginning of Year | 0 | 68 | 3,618 | 6,647 | 3,248 | 2,211 | 6,017 | 7,708 | nmf |
| Cash at End of Year | 0 | 3,618 | 6,647 | 3,248 | 2,211 | 6,017 | 7,708 | 2,603 | -5.3% |
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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