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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Non-bank Credit (MFO/Leasing) — Leasing. Per the activity note to the FY2024 annual report, the company leases and finances civil construction equipment and machinery. Founded October 2018.
Subsidiary of Element Holding (100.0%)
| Line item | 2023 | 2024 | CAGR |
|---|---|---|---|
| 1,716 | 2,482 | +44.7% | |
| Total COGS | 653 | 596 | -8.8% |
| Gross Profit | 1,062 | 1,886 | +77.5% |
| Gross Margin | 61.9% | 76.0% | |
| 304 | 634 | +108.7% | |
| EBITDA | 759 | 1,252 | +65.0% |
| EBITDA Margin | 44.2% | 50.4% | |
| Total D&A | 385 | 506 | +31.4% |
| EBIT / Operating Income | 374 | 746 | +99.6% |
| Total Interest Expense | 269 | 275 | +2.3% |
| Profit Before Tax | 105 | 472 | +348.0% |
| Total Income Tax | 0 | 0 | |
| Net Profit / (Loss) | 105 | 472 | +348.0% |
| Net Margin | 6.1% | 19.0% |
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).
Ranked by how close each latest revenue is to this one — not a curated comp set.