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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 1,365 · FY2023 4,341 · FY2024 17,769 — 3-yr total 23,475
Operates in Construction — Residential & Commercial Building. Per the activity note to the FY2024 annual report, the company constructs and sells residential and non-residential buildings.
Subsidiary of Grada Development (100.0%)
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|
| 4,461 | 11,742 | 2,605 | 29,733 | 10,628 | 20,465 | 1,063 | -21.3% | |
| Total COGS | 1,840 | 5,584 | 1,118 | 15,072 | 6,214 | 13,753 | 475 | -20.2% |
| Gross Profit | 2,621 | 6,158 | 1,487 | 14,661 | 4,414 | 6,712 | 588 | -22.1% |
| Gross Margin | 58.7% | 52.4% | 57.1% | 49.3% | 41.5% | 32.8% | 55.3% | |
| 1,613 | 1,613 | 1,590 | 1,616 | 1,089 | 885 | 1,133 | -5.7% | |
| EBITDA | 1,008 | 4,545 | 103 | 13,045 | 3,325 | 5,826 | 545 | nmf |
| EBITDA Margin | 22.6% | 38.7% | 3.9% | 43.9% | 31.3% | 28.5% | 51.3% | |
| Total D&A | 176 | 48 | 74 | 60 | 57 | 43 | 37 | -22.8% |
| EBIT / Operating Income | 832 | 4,498 | 177 | 12,984 | 3,268 | 5,783 | 582 | nmf |
| Total Interest Income | 14 | 67 | 7 | 0 | 1,721 | 2,316 | 1,546 | nmf |
| Total Interest Expense | 11 | 855 | 1,172 | 1,268 | 1,270 | 751 | 52 | +29.6% |
| 37 | 689 | 1,572 | 808 | 5 | 129 | 485 | +53.5% | |
| Profit Before Tax | 872 | 3,020 | 2,913 | 12,524 | 3,714 | 7,477 | 1,397 | +8.2% |
| Total Income Tax | 0 | 27 | 81 | 0 | 241 | 14 | 0 | -14.8% |
| Net Profit / (Loss) | 1,008 | 3,047 | 2,994 | 12,524 | 3,444 | 7,463 | 1,397 | +5.6% |
| Net Margin | 22.6% | 25.9% | 114.9% | 42.1% | 32.4% | 36.5% | 131.4% |
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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