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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
Retail Group LLC (რითეილ ჯგუფი) operates the Magniti (მაგნიტი) supermarket chain, one of Georgia's largest grocery networks by store count: 349 stores in 2023, the 500th opened in Borjomi in December 2024, with a ~1,000 m² 24/7 "Magniti Maxi" format added the same year. Declared NACE 47110 (non-specialised food retail) plus 10850 (ready-meal production). Wholly owned by Daily LLC (406088638) since 17 January 2025, after the Daily–Zedazeni Group combination announced in November 2024 put Daily, Spar, Ioli, Kalata, Gvirila and Magniti under one holding (~1,600 stores, ~30% of organised retail). Sister entity Retail Investments LLC (436041800) reported the same revenue series for FY2018-20 and has been Daily-owned since August 2022. Unrelated to Retail Group Georgia LLC (404399236), the Inditex franchisee.
Subsidiary of Daily (100.0%)
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross Margin | N/A | 15.4% | 16.9% | 17.2% | 17.7% | 17.7% | 18.4% | 19.2% |
| EBITDA Margin | N/A | -2.9% | 2.7% | 5.4% | 5.7% | 4.3% | 6.2% | 7.1% |
| EBITDAR | -24 | -1,978 | 5,206 | 17,788 | 26,424 | 23,358 | 35,371 | 51,708 |
| EBITDAR Margin | N/A | -2.9% | 2.7% | 5.4% | 5.7% | 4.3% | 6.2% | 7.1% |
| EBIT Margin | N/A | -4.7% | -2.3% | 1.1% | 1.1% | 0.5% | 2.0% | 2.7% |
| Net Profit Margin | N/A | -4.8% | -5.6% | -2.9% | -0.1% | 0.3% | 0.4% | 0.1% |
| Operating Expense % of Sales | N/A | 18.3% | 14.8% | 12.4% | 12.2% | 13.5% | 12.6% | 12.2% |
| Returns | ||||||||
| Return on Assets (ROA) | -5.6% | -5.2% | -9.1% | -5.6% | -0.2% | 0.9% | 1.0% | 0.1% |
| Return on Equity (ROE) | -5.7% | -29.3% | -2050.3% | -98.0% | -41.5% | 60.7% | 44.9% | 8.2% |
| ROIC [EBIT / Invested Capital] | -0.8% | -7.7% | -6.1% | 3.2% | 4.5% | 2.5% | 10.0% | 10.7% |
| Leverage & debt balances | ||||||||
| Debt-to-Assets | 0.0% | 51.8% | 62.3% | 61.9% | 58.3% | 57.0% | 52.9% | 52.9% |
| Debt-to-Equity | 0.00x | 2.93x | 140.16x | 10.74x | 102.11x | 38.34x | 24.48x | 31.47x |
| Debt-to-EBITDA | N/A | N/A | 14.35x | 5.81x | 4.43x | 4.79x | 3.67x | 3.51x |
| Equity-to-Assets | 99.2% | 17.7% | 0.4% | 5.8% | 0.6% | 1.5% | 2.2% | 1.7% |
| Net Debt | -768 | 30,700 | 71,493 | 98,695 | 111,550 | 107,101 | 107,810 | 176,185 |
| Cash & Equivalents | 768 | 2,879 | 3,213 | 4,598 | 5,568 | 4,877 | 21,926 | 5,472 |
| Total Debt | N/A | 33,579 | 74,706 | 103,293 | 117,118 | 111,978 | 129,736 | 181,657 |
| Liquidity & working capital | ||||||||
| Current Ratio | 131.10x | 0.78x | 0.65x | 0.77x | 0.60x | 0.52x | 0.64x | 0.57x |
| Quick Ratio | 131.10x | 0.32x | 0.20x | 0.32x | 0.16x | 0.10x | 0.24x | 0.11x |
| Cash Ratio | 26.48x | 0.10x | 0.06x | 0.06x | 0.05x | 0.05x | 0.16x | 0.03x |
| Total Current Assets | 3,802 | 21,835 | 37,255 | 55,171 | 63,977 | 53,943 | 87,749 | 103,788 |
| Total Current Liabilities | 29 | 27,908 | 56,981 | 71,475 | 107,242 | 104,490 | 136,742 | 181,952 |
| Inventory | N/A | 12,923 | 25,877 | 32,582 | 46,570 | 43,694 | 54,261 | 83,972 |
| Trade Receivables | N/A | 3,001 | 6,507 | 1,672 | 10,134 | 4,542 | 10,358 | 12,511 |
| Trade Payables | 29 | 19,400 | 44,064 | 52,213 | 79,697 | 76,457 | 105,946 | 150,928 |
| Net Working Capital | 3,773 | -6,073 | -19,726 | -16,304 | -43,265 | -50,547 | -48,993 | -78,164 |
| Net Working Capital % of Revenue | N/A | -8.8% | -10.1% | -5.0% | -9.4% | -9.4% | -8.6% | -10.7% |
| Trade Working Capital | -29 | -3,476 | -11,680 | -17,959 | -22,993 | -28,221 | -41,327 | -54,445 |
| Trade Working Capital % of Revenue | N/A | -5.0% | -6.0% | -5.5% | -5.0% | -5.2% | -7.3% | -7.5% |
| Change in Trade Working Capital | N/A | -3,447 | -8,204 | -6,279 | -5,034 | -5,228 | -13,106 | -13,118 |
| Turnover & efficiency | ||||||||
| Inventory Turnover | N/A | 4.54x | 6.25x | 8.30x | 8.13x | 10.16x | 8.57x | 7.01x |
| Days Inventory Outstanding (DIO) | N/A | 80.4 | 58.4 | 44.0 | 44.9 | 35.9 | 42.6 | 52.0 |
| Receivables Turnover | N/A | 23.12x | 29.89x | 195.24x | 45.42x | 118.73x | 55.01x | 58.25x |
| Days Sales Outstanding (DSO) | N/A | 15.8 | 12.2 | 1.9 | 8.0 | 3.1 | 6.6 | 6.3 |
| Payables Turnover | N/A | 3.02x | 3.67x | 5.18x | 4.75x | 5.80x | 4.39x | 3.90x |
| Days Payable Outstanding (DPO) | N/A | 120.7 | 99.5 | 70.5 | 76.8 | 62.9 | 83.1 | 93.5 |
| Cash Conversion Cycle | N/A | -24.5 days | -28.8 days | -24.6 days | -23.9 days | -23.9 days | -33.9 days | -35.2 days |
| Asset Turnover | 0.00x | 1.07x | 1.62x | 1.96x | 2.29x | 2.74x | 2.32x | 2.12x |
| Cash flow & dividends | ||||||||
| Operating Cash Flow | -1,328 | 636 | 10,494 | 17,740 | 23,038 | 18,885 | 37,156 | 54,531 |
| Free Cash Flow (OCF − Capex proxy) | -1,328 | -15,542 | -5,218 | 3,316 | -4,011 | 4,771 | 27,131 | 13,161 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | 201.6% | 99.7% | 87.2% | 80.9% | 105.0% | 105.5% |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% | 0.0% |
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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