Ratio	2022	2023	2024
Margins
Gross Margin	100.0%	100.0%	72.6%
EBITDA Margin	27.1%	83.1%	47.4%
EBITDAR	1,421	31,018	8,297
EBITDAR Margin	27.6%	83.2%	51.0%
EBIT Margin	26.7%	82.4%	45.7%
Net Profit Margin	37.1%	79.8%	47.6%
Operating Expense % of Sales	72.9%	16.9%	25.1%
Returns
Return on Assets (ROA)	5.1%	83.7%	18.8%
Return on Equity (ROE)	N/A	110.3%	67.3%
ROIC [EBIT / Invested Capital]	6.6%	117.9%	74.3%
Leverage & liquidity
Debt-to-Assets	62.9%	0.0%	0.0%
Debt-to-Equity	-10.50x	0.00x	0.00x
Debt-to-EBITDA	16.78x	0.00x	0.00x
Equity-to-Assets	-6.0%	75.9%	28.0%
Net Debt	22,977	-927	-1,507
Cash & Equivalents	483	927	1,507
Total Debt	23,460	N/A	N/A
Efficiency & working capital
Inventory Turnover	N/A	N/A	N/A
Days Inventory Outstanding (DIO)	N/A	N/A	N/A
Receivables Turnover	0.64x	3.95x	0.84x
Days Sales Outstanding (DSO)	572.5	92.5	434.9
Payables Turnover	N/A	N/A	0.15x
Days Payable Outstanding (DPO)	N/A	N/A	2378.9
Cash Conversion Cycle	572.5 days	92.5 days	-1943.9 days
Asset Turnover	0.14x	1.05x	0.40x
Cash flow & dividends
Operating Cash Flow	N/A	N/A	N/A
Free Cash Flow (OCF − Capex proxy)	N/A	N/A	N/A
Cash Conversion (OCF / EBITDA)	N/A	N/A	N/A
Dividends Declared	N/A	N/A	N/A
Dividend Payout Ratio	N/A	N/A	N/A

Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in ₾ '000. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.

Ownership & group structure

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.

companyinfo.ge · fetched 2026-07-15

Directors & board

პეტრ ზაპლეტალიDirector

Ownership & directors from companyinfo.ge (public corporate registry).