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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
Tbilisi-based bus / passenger transport operator.
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|
| 2,575 | 6,849 | 3,662 | 8,538 | 8,140 | 11,706 | 17,956 | +38.2% | |
| Total COGS | 1,472 | 5,200 | 2,425 | 4,231 | 7,511 | 8,637 | 12,572 | +43.0% |
| Gross Profit | 1,103 | 1,648 | 1,237 | 4,307 | 628 | 3,070 | 5,383 | +30.2% |
| Gross Margin | 42.8% | 24.1% | 33.8% | 50.4% | 7.7% | 26.2% | 30.0% | |
| 290 | 673 | 694 | 726 | 1,079 | 2,419 | 4,107 | +55.5% | |
| EBITDA | 813 | 975 | 543 | 3,580 | 451 | 651 | 1,276 | +7.8% |
| EBITDA Margin | 31.6% | 14.2% | 14.8% | 41.9% | 5.5% | 5.6% | 7.1% | |
| Total D&A | 6 | 11 | 38 | 15 | 14 | 0 | 0 | +24.5% |
| EBIT / Operating Income | 808 | 964 | 505 | 3,565 | 465 | 651 | 1,276 | +7.9% |
| Total Interest Income | 0 | 0 | 45 | 92 | 97 | 91 | 83 | +16.7% |
| Total Interest Expense | 20 | 106 | 138 | 107 | 95 | 176 | 341 | +60.9% |
| 16 | 194 | 458 | 49 | 14 | 307 | 125 | nmf | |
| Profit Before Tax | 772 | 663 | 47 | 3,599 | 449 | 873 | 1,144 | +6.8% |
| Total Income Tax | 0 | 8 | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 797 | 773 | 31 | 3,613 | 499 | 590 | 1,144 | +6.2% |
| Net Margin | 31.0% | 11.3% | 0.9% | 42.3% | 6.1% | 5.0% | 6.4% |
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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