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Operates in Real Estate — Residential Development. Per the activity note to the FY2024 annual report, the company constructs residential properties for subsequent sale. Located in Bakuriani.
| Line item | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|
| 2,298 | 1,563 | 1,445 | -20.7% | |
| Total COGS | 2,040 | 1,104 | 938 | -32.2% |
| Gross Profit | 258 | 460 | 507 | +40.1% |
| Gross Margin | 11.2% | 29.4% | 35.1% | |
| 83 | 69 | 117 | +18.9% | |
| EBITDA | 175 | 390 | 390 | +49.2% |
| EBITDA Margin | 7.6% | 25.0% | 27.0% | |
| Total D&A | 0 | 0 | 0 | |
| EBIT / Operating Income | 175 | 390 | 390 | +49.2% |
| Total Interest Expense | 102 | 88 | 58 | -24.4% |
| 4 | 35 | 11 | nmf | |
| Profit Before Tax | 77 | 267 | 321 | +104.2% |
| Total Income Tax | 0 | 0 | 0 | -63.9% |
| Net Profit / (Loss) | 77 | 267 | 321 | +104.4% |
| Net Margin | 3.3% | 17.1% | 22.2% |
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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