ID 406198485 · FY 2018–2023 · 6 years
Group parent — controls 2 companies
Georgian cargo airline based in Tbilisi, operating freighter aircraft for international cargo services.
curated 2026-06-03reportal.gegeo-sky.com
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR |
|---|---|---|---|---|---|---|---|
| Total Revenue | 15,100 | 30,826 | 93,936 | 268,747 | 359,483 | 145,786 | +57.4% |
| Total COGS | 0 | -2,318 | -6,218 | -154,504 | -231,899 | -72,152 | +136.2% |
| Gross Profit | 15,100 | 28,508 | 87,718 | 114,243 | 127,584 | 73,634 | +37.3% |
| Gross Margin | 100.0% | 92.5% | 93.4% | 42.5% | 35.5% | 50.5% | |
| Total Operating Expenses | -12,658 | -26,420 | -79,672 | -103,558 | -112,219 | -79,356 | +44.4% |
| EBITDA | 2,442 | 2,088 | 8,046 | 10,685 | 15,365 | -5,722 | nmf |
| EBITDA Margin | 16.2% | 6.8% | 8.6% | 4.0% | 4.3% | -3.9% | |
| Total D&A | -6 | -67 | -197 | -5,510 | -11,738 | -9,593 | nmf |
| EBIT / Operating Income | 2,436 | 2,021 | 7,849 | 5,174 | 3,627 | -15,315 | nmf |
| Total Interest Income | 0 | 0 | 7 | 42 | 50 | 1 | +167.0% |
| Total Interest Expense | 0 | -0 | -88 | -100 | -1,817 | -3,058 | nmf |
| Total Other Income | -46 | 146 | 2,704 | 543 | 9,228 | 2,604 | nmf |
| Profit Before Tax | 2,390 | 2,167 | 10,473 | 5,659 | 11,088 | -15,768 | nmf |
| Total Income Tax | 0 | 0 | -287 | -320 | 0 | 0 | +11.5% |
| Net Profit / (Loss) | 592 | 2,153 | 10,135 | 5,238 | 11,088 | -15,768 | nmf |
| Net Margin | 3.9% | 7.0% | 10.8% | 1.9% | 3.1% | -10.8% |
Ownership & directors from companyinfo.ge (public corporate registry).