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* 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
Limited public information available beyond the Reportal filing.
Subsidiary of Kveshi (100.0%)
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 5,475 | 26,672 | 30,006 | 33,863 | 39,153 | 52,377 | 56,478 | 57,775 | +40.0% |
| Total COGS | 3,781 | 17,554 | 18,865 | 21,920 | 24,702 | 33,510 | 37,448 | 38,853 | +39.5% |
| Gross Profit | 1,694 | 9,118 | 11,141 | 11,943 | 14,451 | 18,867 | 19,030 | 18,922 | +41.2% |
| Gross Margin | 30.9% | 34.2% | 37.1% | 35.3% | 36.9% | 36.0% | 33.7% | 32.8% | |
| 1,760 | 3,885 | 4,633 | 3,936 | 4,795 | 5,468 | 6,093 | 7,244 | +22.4% | |
| EBITDA | 66 | 5,233 | 6,508 | 8,007 | 9,656 | 13,399 | 12,937 | 11,678 | nmf |
| EBITDA Margin | 1.2% | 19.6% | 21.7% | 23.6% | 24.7% | 25.6% | 22.9% | 20.2% | |
| Total D&A | 152 | 616 | 754 | 930 | 1,051 | 1,469 | 1,663 | 1,703 | +41.2% |
| EBIT / Operating Income | 218 | 4,618 | 5,754 | 7,077 | 8,605 | 11,930 | 11,274 | 9,975 | nmf |
| Total Interest Expense | 0 | 0 | 0 | 1,424 | 1,287 | 826 | 492 | 402 | -27.1% |
| 44 | 598 | 1,243 | 2,114 | 327 | 1,531 | 109 | 464 | nmf | |
| Profit Before Tax | 174 | 4,019 | 4,511 | 3,539 | 7,645 | 12,634 | 10,891 | 9,109 | nmf |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 1,239 | 3,944 | 4,280 | 3,333 | 7,410 | 12,379 | 10,891 | 9,109 | nmf |
| Net Margin | 22.6% | 14.8% | 14.3% | 9.8% | 18.9% | 23.6% | 19.3% | 15.8% |
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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