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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Operates in Education — K-12. Per the activity note to the FY2024 annual report, the company provides general basic and secondary education services. School-based education provider in Batumi.
Subsidiary of VT Group (65.0%)
| Line item | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|
| 2,486 | 3,004 | 3,536 | +19.3% | |
| Total COGS | 0 | 0 | 0 | |
| Gross Profit | 2,486 | 3,004 | 3,536 | +19.3% |
| Gross Margin | 100.0% | 100.0% | 100.0% | |
| 2,308 | 2,676 | 2,976 | +13.6% | |
| EBITDA | 178 | 328 | 560 | +77.1% |
| EBITDA Margin | 7.2% | 10.9% | 15.8% | |
| Total D&A | 112 | 109 | 115 | +1.4% |
| EBIT / Operating Income | 66 | 219 | 445 | +158.7% |
| Total Interest Income | 33 | 67 | 30 | -5.0% |
| Profit Before Tax | 99 | 286 | 474 | +118.6% |
| Total Income Tax | 0 | 0 | 0 | |
| Net Profit / (Loss) | 99 | 286 | 474 | +118.6% |
| Net Margin | 4.0% | 9.5% | 13.4% |
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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