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Operates in Real Estate — Land & Site Sales. Per the activity note to the FY2024 annual report, the group performs infrastructure work on the Green Oaks project and conducts land sales.
Subsidiary of Volsi (100.0%)
| Line item | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|
| Total Revenue | 2,246 | 2,421 | 6,622 | 3,803 | +19.2% |
| Total COGS | 304 | 600 | 2,416 | 1,655 | +76.0% |
| Gross Profit | 1,942 | 1,821 | 4,205 | 2,148 | +3.4% |
| Gross Margin | 86.5% | 75.2% | 63.5% | 56.5% | |
| 350 | 69 | 164 | 111 | -31.9% | |
| EBITDA | 1,592 | 1,752 | 4,041 | 2,038 | +8.6% |
| EBITDA Margin | 70.9% | 72.4% | 61.0% | 53.6% | |
| Total D&A | 0 | 0 | 0 | 0 | +0.0% |
| EBIT / Operating Income | 1,592 | 1,752 | 4,041 | 2,038 | +8.6% |
| Total Interest Income | 41 | 70 | 38 | 15 | -28.9% |
| 3,161 | 18 | 125 | 273 | -55.8% | |
| Profit Before Tax | 4,795 | 1,804 | 4,204 | 2,326 | -21.4% |
| Total Income Tax | 0 | 2 | 84 | 117 | +624.8% |
| Net Profit / (Loss) | 4,795 | 1,801 | 4,120 | 598 | nmf |
| Net Margin | 213.5% | 74.4% | 62.2% | 15.7% |
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Ownership & directors from companyinfo.ge (public corporate registry).
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