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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Logistics & Transport — Road Freight. Per the activity note to the FY2024 annual report, the company provides transportation and freight services within Georgia and internationally.
Subsidiary of Lojistiks Solutions (100.0%)
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | 99.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| EBITDA Margin | 5.9% | 70.6% | 91.0% | -34.7% | -192.8% | -33.2% | -155.8% |
| EBITDAR | 130 | 5,283 | 2,841 | -772 | -2,095 | -463 | -1,649 |
| EBITDAR Margin | 6.7% | 70.7% | 91.0% | -34.7% | -192.2% | -32.9% | -155.3% |
| EBIT Margin | -12.4% | 62.4% | 68.7% | -73.8% | -287.5% | -104.5% | -232.8% |
| Net Profit Margin | 8.4% | 39.5% | 20.9% | 31.8% | 14.0% | -226.4% | -225.3% |
| Operating Expense % of Sales | 93.9% | 29.3% | 9.0% | 134.7% | 292.8% | 133.2% | 255.8% |
| Returns | |||||||
| Return on Assets (ROA) | 3.5% | 20.2% | 3.8% | 3.8% | 0.9% | -19.2% | -19.2% |
| Return on Equity (ROE) | N/A | 77.1% | 14.5% | 13.6% | 2.9% | -156.9% | N/A |
| ROIC [EBIT / Invested Capital] | -6.2% | 33.0% | 13.0% | -9.1% | -18.6% | -9.9% | -21.0% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 87.6% | 70.3% | 70.8% | 69.7% | 66.3% | 77.9% | 97.4% |
| Debt-to-Equity | -44.32x | 2.69x | 2.69x | 2.48x | 2.23x | 6.36x | -33.86x |
| Debt-to-EBITDA | 35.01x | 1.95x | 4.25x | N/A | N/A | N/A | N/A |
| Equity-to-Assets | -2.0% | 26.2% | 26.3% | 28.1% | 29.8% | 12.3% | -2.9% |
| Net Debt | 3,998 | 10,295 | 12,002 | 12,893 | 11,594 | 12,883 | 12,151 |
| Cash & Equivalents | 64 | 10 | 72 | 0 | 50 | 45 | 10 |
| Total Debt | 4,062 | 10,305 | 12,074 | 12,893 | 11,644 | 12,928 | 12,162 |
| Liquidity & working capital | |||||||
| Current Ratio | 1.36x | 4.57x | 0.33x | 0.05x | 0.12x | 0.01x | 0.03x |
| Quick Ratio | 1.36x | 4.57x | 0.33x | 0.05x | 0.12x | 0.01x | 0.03x |
| Cash Ratio | 0.07x | 0.02x | 0.02x | 0.00x | 0.01x | 0.01x | 0.00x |
| Total Current Assets | 1,247 | 2,348 | 1,446 | 445 | 508 | 61 | 227 |
| Total Current Liabilities | 917 | 513 | 4,328 | 8,835 | 4,286 | 6,990 | 7,183 |
| Inventory | N/A | 1 | 3 | N/A | N/A | N/A | N/A |
| Trade Receivables | 1,099 | 1,928 | 1,366 | 426 | N/A | 8 | 144 |
| Trade Payables | 665 | 513 | 247 | 147 | 242 | 186 | 179 |
| Net Working Capital | 329 | 1,834 | -2,882 | -8,390 | -3,778 | -6,929 | -6,956 |
| Net Working Capital % of Revenue | 16.8% | 24.5% | -92.2% | -376.9% | -346.6% | -491.8% | -655.1% |
| Trade Working Capital | 434 | 1,415 | 1,122 | 279 | -242 | -178 | -35 |
| Trade Working Capital % of Revenue | 22.1% | 18.9% | 35.9% | 12.5% | -22.2% | -12.6% | -3.3% |
| Change in Trade Working Capital | N/A | 981 | -293 | -843 | -521 | 64 | 143 |
| Turnover & efficiency | |||||||
| Inventory Turnover | N/A | 2.93x | N/A | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 124.7 | N/A | N/A | N/A | N/A | N/A |
| Receivables Turnover | 1.78x | 3.88x | 2.29x | 5.23x | N/A | 173.92x | 7.38x |
| Days Sales Outstanding (DSO) | 204.5 | 94.2 | 159.6 | 69.9 | N/A | 2.1 | 49.5 |
| Payables Turnover | 0.01x | 0.01x | N/A | N/A | N/A | N/A | N/A |
| Days Payable Outstanding (DPO) | 61190.9 | 63898.1 | N/A | N/A | N/A | N/A | N/A |
| Cash Conversion Cycle | -60986.4 days | -63679.3 days | 159.6 days | 69.9 days | N/A | 2.1 days | 49.5 days |
| Asset Turnover | 0.42x | 0.51x | 0.18x | 0.12x | 0.06x | 0.08x | 0.09x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | N/A | N/A | N/A | 1,556 | -15 | 5 | -909 |
| Free Cash Flow (OCF − Capex proxy) | N/A | N/A | N/A | -890 | -15 | -149 | 1,331 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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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