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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2020 0 · FY2021 0 · FY2022 0
Georgian branch of Azerbaijan Railways, handling cross-border rail operations and related logistics.
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | CAGR |
|---|---|---|---|---|---|---|---|
| 21,067 | 36,434 | 20,147 | 80,013 | 107,860 | 37,827 | +12.4% | |
| Total COGS | 1,020 | 12 | 21,994 | 88,003 | 84,497 | 40,352 | nmf |
| Gross Profit | 22,087 | 36,421 | 1,847 | 7,990 | 23,363 | 2,525 | nmf |
| Gross Margin | 104.8% | 100.0% | 9.2% | 10.0% | 21.7% | 6.7% | |
| Other Operating Income | 0 | 0 | 0 | 0 | 435 | 171 | -60.7% |
| 39,281 | 79,331 | 36,742 | 9,304 | 5,731 | 8,542 | -26.3% | |
| EBITDA | 17,194 | 42,910 | 38,589 | 17,293 | 18,067 | 10,896 | -8.7% |
| EBITDA Margin | 81.6% | 117.8% | 191.5% | 21.6% | 16.8% | 28.8% | |
| Total D&A | 156 | 187 | 285 | 0 | 30 | 44 | -22.3% |
| EBIT / Operating Income | 17,350 | 43,097 | 38,874 | 17,293 | 18,037 | 10,940 | -8.8% |
| Total Interest Income | 0 | 0 | 0 | 0 | 15 | 18 | +20.0% |
| Total Interest Expense | 0 | 5,268 | 4,460 | 0 | 10,965 | 10,192 | +17.9% |
| 19,935 | 4,802 | 7,368 | 68,973 | 4,713 | 2,743 | -32.7% | |
| Profit Before Tax | 2,585 | 53,167 | 50,701 | 86,267 | 11,800 | 18,371 | nmf |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 12,919 | 47,712 | 46,011 | 86,267 | 11,800 | 18,371 | +7.3% |
| Net Margin | 61.3% | 131.0% | 228.4% | 107.8% | 10.9% | 48.6% |
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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