* 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
Georgian subsidiary of Evolution AB, the Swedish live-casino technology provider. Operates live-dealer gaming studios in Tbilisi serving global online casino operators.
Subsidiary of Shezghuduli Pasukhismgeblobis Company Evolushenholding Limitedi С (100.0%)
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 722 | 19,267 | 59,217 | 95,499 | 146,410 | 173,127 | 201,633 | 203,922 | nmf |
| Total COGS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Gross Profit | 722 | 19,267 | 59,217 | 95,499 | 146,410 | 173,127 | 201,633 | 203,922 | nmf |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
| 481 | 15,693 | 47,239 | 60,696 | 124,247 | 151,076 | 163,840 | 167,877 | nmf | |
| EBITDA | 241 | 3,574 | 11,978 | 34,803 | 22,163 | 22,051 | 37,793 | 36,045 | nmf |
| EBITDA Margin | 33.4% | 18.5% | 20.2% | 36.4% | 15.1% | 12.7% | 18.7% | 17.7% | |
| Total D&A | 1 | 1,626 | 6,533 | 10,798 | 14,741 | 17,378 | 17,599 | 16,862 | nmf |
| EBIT / Operating Income | 240 | 1,948 | 5,445 | 24,005 | 7,422 | 4,673 | 20,194 | 19,183 | +87.0% |
| Total Interest Expense | 153 | 894 | 3,500 | 17,541 | 3,187 | 2,844 | 5,803 | 3,799 | +58.2% |
| Total Other Income | 0 | 0 | 0 | 0 | 10,050 | 11,841 | 0 | 0 | +17.8% |
| Profit Before Tax | 87 | 1,054 | 1,945 | 6,464 | 14,285 | 13,670 | 14,391 | 15,384 | nmf |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 1,267 | 0 | 0 | |
| Net Profit / (Loss) | 64 | 1,054 | 1,609 | 6,119 | 13,416 | 11,961 | 13,942 | 14,965 | nmf |
| Net Margin | 8.9% | 5.5% | 2.7% | 6.4% | 9.2% | 6.9% | 6.9% | 7.3% |
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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