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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%)
| Ratio | 2022 | 2023 | 2024 |
|---|---|---|---|
| Margins | |||
| Gross Margin | 100.0% | 100.0% | 100.0% |
| EBITDA Margin | 7.2% | 10.9% | 15.8% |
| EBITDAR | 178 | 328 | 560 |
| EBITDAR Margin | 7.2% | 10.9% | 15.8% |
| EBIT Margin | 2.7% | 7.3% | 12.6% |
| Net Profit Margin | 4.0% | 9.5% | 13.4% |
| Operating Expense % of Sales | 92.8% | 89.1% | 84.2% |
| Returns | |||
| Return on Assets (ROA) | 8.7% | 30.2% | 38.0% |
| Return on Equity (ROE) | 17.8% | 117.5% | 66.1% |
| ROIC [EBIT / Invested Capital] | 42.6% | 305.2% | 174.2% |
| Leverage & debt balances | |||
| Debt-to-Assets | 0.0% | 0.0% | 0.0% |
| Debt-to-Equity | 0.00x | 0.00x | 0.00x |
| Debt-to-EBITDA | 0.00x | 0.00x | 0.00x |
| Equity-to-Assets | 48.6% | 25.7% | 57.5% |
| Net Debt | -402 | -172 | -463 |
| Cash & Equivalents | 402 | 172 | 463 |
| Total Debt | N/A | N/A | N/A |
| Liquidity & working capital | |||
| Current Ratio | 0.93x | 0.49x | 1.31x |
| Quick Ratio | 0.93x | 0.49x | 1.31x |
| Cash Ratio | 0.68x | 0.24x | 0.87x |
| Total Current Assets | 546 | 343 | 691 |
| Total Current Liabilities | 589 | 705 | 530 |
| Inventory | N/A | N/A | N/A |
| Trade Receivables | 85 | 125 | 157 |
| Trade Payables | 64 | 77 | 84 |
| Net Working Capital | -43 | -362 | 162 |
| Net Working Capital % of Revenue | -1.7% | -12.0% | 4.6% |
| Trade Working Capital | 20 | 48 | 73 |
| Trade Working Capital % of Revenue | 0.8% | 1.6% | 2.1% |
| Change in Trade Working Capital | N/A | 27 | 26 |
| Turnover & efficiency | |||
| Inventory Turnover | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | N/A |
| Receivables Turnover | 29.27x | 24.11x | 22.51x |
| Days Sales Outstanding (DSO) | 12.5 | 15.1 | 16.2 |
| Payables Turnover | N/A | N/A | N/A |
| Days Payable Outstanding (DPO) | N/A | N/A | N/A |
| Cash Conversion Cycle | 12.5 days | 15.1 days | 16.2 days |
| Asset Turnover | 2.17x | 3.17x | 2.83x |
| Cash flow & dividends | |||
| Operating Cash Flow | 108 | 303 | 261 |
| Free Cash Flow (OCF − Capex proxy) | 141 | -230 | 291 |
| Cash Conversion (OCF / EBITDA) | 60.7% | 92.5% | 46.7% |
| 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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