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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2021 0 · FY2022 0 · FY2023 0
Subsidiary of Georgia Global Utilities (100.0%)
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR |
|---|---|---|---|---|---|---|
| Total Revenue | 20,030 | 12,795 | 25,073 | 14,954 | 0 | -9.3% |
| Total COGS | 19,960 | 13,854 | 22,482 | 14,816 | 0 | -9.5% |
| Gross Profit | 70 | 1,059 | 2,591 | 138 | 0 | +25.4% |
| Gross Margin | 0.3% | 8.3% | 10.3% | 0.9% | 0.0% | |
| 92 | 73 | 196 | 93 | 28 | -25.7% | |
| EBITDA | 22 | 1,132 | 2,395 | 45 | 28 | +6.2% |
| EBITDA Margin | 0.1% | 8.8% | 9.6% | 0.3% | 0.0% | |
| Total D&A | 0 | 0 | 0 | 0 | 0 | |
| Impairment (non-financial) | 0 | 0 | 0 | 0 | 10 | |
| EBIT / Operating Income | 22 | 1,132 | 2,395 | 45 | 38 | +14.6% |
| Total Interest Income | 57 | 23 | 149 | 434 | 288 | +49.9% |
| Total Interest Expense | 36 | 45 | 0 | 0 | 0 | +25.0% |
| 38 | 143 | 101 | 294 | 54 | nmf | |
| Profit Before Tax | 39 | 1,297 | 2,645 | 773 | 304 | nmf |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 39 | 1,297 | 2,645 | 773 | 304 | nmf |
| Net Margin | 0.2% | 10.1% | 10.5% | 5.2% | 0.0% |
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).
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