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Operates in Agriculture — Production - Aquaculture. Per the activity note to the FY2024 annual report, the company produces fish and seafood products and carries out their sale.
| Ratio | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross Margin | -0.1% | 40.0% | 27.9% | 36.6% | 74.8% | 52.7% | 33.6% |
| EBITDA Margin | -71.3% | -7.2% | -13.7% | 8.6% | 30.8% | -0.9% | -2.4% |
| EBITDAR | -1,043 | -122 | -509 | 343 | 751 | 283 | 5 |
| EBITDAR Margin | -70.9% | -6.8% | -13.7% | 8.6% | 31.0% | 6.5% | 0.1% |
| EBIT Margin | -80.8% | -20.6% | -21.0% | 1.7% | 19.5% | -1.7% | -2.4% |
| Net Profit Margin | -76.6% | -14.2% | -20.3% | -1.9% | -35.0% | -11.9% | -12.8% |
| Operating Expense % of Sales | 71.2% | 47.1% | 41.7% | 28.1% | 44.0% | 53.6% | 36.0% |
| Returns | |||||||
| Return on Assets (ROA) | -44.8% | -8.7% | -24.5% | -2.8% | -93.0% | -13.0% | -23.1% |
| Return on Equity (ROE) | -712.6% | -46.8% | N/A | N/A | N/A | N/A | N/A |
| ROIC [EBIT / Invested Capital] | -146.4% | -22.5% | -48.6% | 5.4% | N/A | -3.1% | -9.2% |
| Leverage & debt balances | |||||||
| Debt-to-Assets | 26.0% | 37.7% | 55.3% | 53.4% | 52.4% | 96.3% | 127.9% |
| Debt-to-Equity | 4.14x | 2.03x | -19.11x | -8.85x | -0.47x | -2.52x | -1.57x |
| Debt-to-EBITDA | N/A | N/A | N/A | 4.23x | 0.64x | N/A | N/A |
| Equity-to-Assets | 6.3% | 18.6% | -2.9% | -6.0% | -111.0% | -38.3% | -81.6% |
| Net Debt | 653 | 1,095 | 1,688 | 1,394 | 469 | 3,850 | 3,346 |
| Cash & Equivalents | 1 | 8 | 3 | 57 | 9 | 3 | 0 |
| Total Debt | 653 | 1,103 | 1,690 | 1,451 | 478 | 3,852 | 3,346 |
| Liquidity & working capital | |||||||
| Current Ratio | 0.34x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Quick Ratio | 0.34x | -1.74x | -0.77x | -1.18x | 0.00x | 0.00x | 0.00x |
| Cash Ratio | 0.00x | 0.03x | 0.00x | 0.13x | 0.03x | 0.00x | 0.00x |
| Total Current Assets | 202 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 603 | 307 | 629 | 442 | 333 | 861 | 1,364 |
| Inventory | N/A | 535 | 481 | 523 | N/A | N/A | N/A |
| Trade Receivables | 227 | 672 | 1,117 | 806 | 274 | 1,878 | 788 |
| Trade Payables | 576 | 178 | 432 | 419 | 276 | 456 | 468 |
| Net Working Capital | -401 | -307 | -629 | -442 | -333 | -861 | -1,364 |
| Net Working Capital % of Revenue | -27.3% | -17.1% | -17.0% | -11.1% | -13.7% | -19.7% | -29.0% |
| Trade Working Capital | -349 | 1,030 | 1,166 | 911 | -2 | 1,423 | 320 |
| Trade Working Capital % of Revenue | -23.7% | 57.5% | 31.5% | 22.8% | -0.1% | 32.6% | 6.8% |
| Change in Trade Working Capital | N/A | 1,379 | 136 | -255 | -913 | 1,425 | -1,103 |
| Turnover & efficiency | |||||||
| Inventory Turnover | N/A | 2.01x | 5.54x | 4.84x | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | 181.6 | 65.8 | 75.4 | N/A | N/A | N/A |
| Receivables Turnover | 6.48x | 2.66x | 3.31x | 4.96x | 8.84x | 2.32x | 5.97x |
| Days Sales Outstanding (DSO) | 56.3 | 137.0 | 110.2 | 73.6 | 41.3 | 157.1 | 61.1 |
| Payables Turnover | 2.56x | 6.05x | 6.17x | 6.05x | 2.21x | 4.53x | 6.68x |
| Days Payable Outstanding (DPO) | 142.8 | 60.3 | 59.2 | 60.3 | 164.8 | 80.6 | 54.7 |
| Cash Conversion Cycle | -86.5 days | 258.3 days | 116.8 days | 88.7 days | -123.6 days | 76.5 days | 6.5 days |
| Asset Turnover | 0.59x | 0.61x | 1.21x | 1.47x | 2.66x | 1.09x | 1.80x |
| Cash flow & dividends | |||||||
| Operating Cash Flow | -10 | 7 | -5 | 55 | -48 | -7 | -3 |
| Free Cash Flow (OCF − Capex proxy) | -10 | 7 | -5 | 55 | -48 | -7 | -3 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | 16.0% | -6.4% | N/A | N/A |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in GEL, thousands. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.
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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