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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2021 1,815 · FY2022 0 · FY2023 0 — 3-yr total 1,815
Georgian cargo airline based in Tbilisi, operating freighter aircraft for international cargo services.
Group parent — controls 2 companies · ownership
| 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 | 1,797 | 2,318 | 6,218 | 154,504 | 231,899 | 72,152 | +109.3% |
| Gross Profit | 13,303 | 28,508 | 87,718 | 114,243 | 127,584 | 73,634 | +40.8% |
| Gross Margin | 88.1% | 92.5% | 93.4% | 42.5% | 35.5% | 50.5% | |
| 12,658 | 26,420 | 79,672 | 103,558 | 112,219 | 79,356 | +44.4% | |
| EBITDA | 645 | 2,088 | 8,046 | 10,685 | 15,365 | 5,722 | nmf |
| EBITDA Margin | 4.3% | 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 | 639 | 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 |
| 46 | 146 | 2,704 | 543 | 9,228 | 2,604 | nmf | |
| Profit Before Tax | 593 | 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% |
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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