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Operates in Hospitality — Accommodation. Per the activity note to the FY2024 annual report, the company operates hotels and accommodation facilities with restaurants. Subsidiary of Masa Invest; registered in 2014.
Subsidiary of Masa Invest (100.0%)
| Line item | 2023 | 2024 | CAGR |
|---|---|---|---|
| Total Revenue | 2,307 | 3,503 | +51.8% |
| Total COGS | 972 | 675 | -30.6% |
| Gross Profit | 1,335 | 2,828 | +111.9% |
| Gross Margin | 57.9% | 80.7% | |
| 742 | 2,025 | +172.8% | |
| EBITDA | 593 | 803 | +35.6% |
| EBITDA Margin | 25.7% | 22.9% | |
| Total D&A | 179 | 195 | +9.2% |
| EBIT / Operating Income | 414 | 608 | +47.0% |
| Total Interest Expense | 133 | 431 | +224.7% |
| Total Other Income | 33 | 70 | nmf |
| Profit Before Tax | 314 | 106 | -66.1% |
| Total Income Tax | 0 | 42 | |
| Net Profit / (Loss) | 314 | 64 | -79.6% |
| Net Margin | 13.6% | 1.8% |
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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