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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.
| Ratio | 2022 | 2023 | 2024 |
|---|---|---|---|
| Margins | |||
| Gross Margin | 11.2% | 29.4% | 35.1% |
| EBITDA Margin | 7.6% | 25.0% | 27.0% |
| EBITDAR | 175 | 390 | 390 |
| EBITDAR Margin | 7.6% | 25.0% | 27.0% |
| EBIT Margin | 7.6% | 25.0% | 27.0% |
| Net Profit Margin | 3.3% | 17.1% | 22.2% |
| Operating Expense % of Sales | 3.6% | 4.4% | 8.1% |
| Returns | |||
| Return on Assets (ROA) | 2.1% | 7.1% | 10.5% |
| Return on Equity (ROE) | 15.3% | 34.0% | 29.1% |
| ROIC [EBIT / Invested Capital] | 6.9% | 11.9% | 17.1% |
| Leverage & debt balances | |||
| Debt-to-Assets | 54.3% | 65.9% | 38.8% |
| Debt-to-Equity | 4.04x | 3.17x | 1.07x |
| Debt-to-EBITDA | 11.58x | 6.36x | 3.04x |
| Equity-to-Assets | 13.4% | 20.8% | 36.2% |
| Net Debt | 2,026 | 2,484 | 1,181 |
| Cash & Equivalents | 4 | 0 | 3 |
| Total Debt | 2,030 | 2,484 | 1,184 |
| Liquidity & working capital | |||
| Current Ratio | 0.22x | 0.40x | 0.95x |
| Quick Ratio | 0.22x | 0.40x | 0.95x |
| Cash Ratio | 0.00x | 0.00x | 0.00x |
| Total Current Assets | 420 | 392 | 1,038 |
| Total Current Liabilities | 1,910 | 971 | 1,088 |
| Inventory | N/A | N/A | N/A |
| Trade Receivables | 6 | 47 | 66 |
| Trade Payables | 59 | 191 | 129 |
| Net Working Capital | -1,490 | -579 | -50 |
| Net Working Capital % of Revenue | -64.8% | -37.1% | -3.5% |
| Trade Working Capital | -53 | -144 | -63 |
| Trade Working Capital % of Revenue | -2.3% | -9.2% | -4.3% |
| Change in Trade Working Capital | N/A | -91 | 81 |
| Turnover & efficiency | |||
| Inventory Turnover | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | N/A |
| Receivables Turnover | 364.92x | 33.42x | 21.78x |
| Days Sales Outstanding (DSO) | 1.0 | 10.9 | 16.8 |
| Payables Turnover | 34.54x | 5.79x | 7.26x |
| Days Payable Outstanding (DPO) | 10.6 | 63.1 | 50.3 |
| Cash Conversion Cycle | -9.6 days | -52.2 days | -33.5 days |
| Asset Turnover | 0.61x | 0.41x | 0.47x |
| Cash flow & dividends | |||
| Operating Cash Flow | N/A | N/A | N/A |
| Free Cash Flow (OCF − Capex proxy) | N/A | N/A | N/A |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A |
| Dividends Declared | N/A | N/A | N/A |
| Dividend Payout Ratio | 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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