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Operates in Agriculture — Production - Crops. Per the activity note to the FY2023 annual report, the company primarily processes and exports hazelnuts. 70% owned by Lasha Shengelia and 30% by Merab Chitanava.
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | CAGR |
|---|---|---|---|---|---|---|
| 1,474 | 10,114 | 4,737 | 7,675 | 7,453 | +50.0% | |
| Total COGS | 1,283 | 9,423 | 4,125 | 6,551 | 6,102 | +47.7% |
| Gross Profit | 191 | 691 | 612 | 1,124 | 1,351 | +63.0% |
| Gross Margin | 13.0% | 6.8% | 12.9% | 14.6% | 18.1% | |
| 240 | 395 | 247 | 438 | 562 | +23.8% | |
| EBITDA | 48 | 296 | 365 | 687 | 789 | nmf |
| EBITDA Margin | 3.3% | 2.9% | 7.7% | 8.9% | 10.6% | |
| Total D&A | 60 | 67 | 55 | 206 | 103 | +14.7% |
| EBIT / Operating Income | 108 | 229 | 311 | 480 | 686 | nmf |
| Total Interest Expense | 92 | 115 | 237 | 408 | 494 | +52.1% |
| Total Other Income | 0 | 0 | 30 | 145 | 28 | nmf |
| Profit Before Tax | 200 | 113 | 104 | 218 | 164 | nmf |
| Total Income Tax | 0 | 0 | 0 | 0 | 0 | |
| Net Profit / (Loss) | 48 | 296 | 104 | 218 | 164 | nmf |
| Net Margin | 3.3% | 2.9% | 2.2% | 2.8% | 2.2% |
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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