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Operates in Construction — Residential & Commercial Building. Per the activity note to the FY2024 annual report, the company constructs multi-functional buildings. Directed by partners Giorgi Surmanidze and Raul Surmanidze; operates according to Georgian law.
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross Margin | N/A | 4.2% | 12.6% | -20098.0% | N/A |
| EBITDA Margin | N/A | -758.3% | -4342.6% | -102816.3% | N/A |
| EBITDAR | -23 | -294 | -1,096 | -1,751 | -1,174 |
| EBITDAR Margin | N/A | -758.3% | -4342.6% | -102816.3% | N/A |
| EBIT Margin | N/A | -763.9% | -4635.4% | -108310.5% | N/A |
| Net Profit Margin | N/A | -704.1% | -4116.3% | -109263.2% | N/A |
| Operating Expense % of Sales | N/A | 762.4% | 4355.2% | 82718.3% | N/A |
| Returns | |||||
| Return on Assets (ROA) | -0.7% | -3.7% | -7.5% | -12.2% | -12.1% |
| Return on Equity (ROE) | -3.2% | -25.9% | N/A | N/A | N/A |
| ROIC [EBIT / Invested Capital] | -1.9% | -8.7% | -46.8% | N/A | N/A |
| Leverage & debt balances | |||||
| Debt-to-Assets | 15.8% | 32.4% | 20.0% | 13.3% | 4.5% |
| Debt-to-Equity | 0.67x | 2.27x | -17.35x | -0.77x | -0.13x |
| Debt-to-EBITDA | N/A | N/A | N/A | N/A | N/A |
| Equity-to-Assets | 23.6% | 14.2% | -1.2% | -17.4% | -34.9% |
| Net Debt | 689 | 2,335 | 2,661 | 1,833 | 577 |
| Cash & Equivalents | 43 | 68 | 95 | 198 | 64 |
| Total Debt | 732 | 2,403 | 2,756 | 2,031 | 641 |
| Liquidity & working capital | |||||
| Current Ratio | 0.55x | 0.11x | 0.24x | 0.23x | 0.44x |
| Quick Ratio | 0.55x | 0.11x | 0.24x | 0.23x | 0.44x |
| Cash Ratio | 0.02x | 0.02x | 0.01x | 0.01x | 0.00x |
| Total Current Assets | 1,325 | 440 | 2,644 | 3,678 | 8,388 |
| Total Current Liabilities | 2,426 | 3,978 | 11,196 | 15,827 | 19,213 |
| Inventory | N/A | N/A | N/A | N/A | N/A |
| Trade Receivables | 24 | 22 | 58 | 54 | N/A |
| Trade Payables | 1,297 | 1,556 | 3,016 | 2,228 | 1,705 |
| Net Working Capital | -1,101 | -3,537 | -8,552 | -12,149 | -10,825 |
| Net Working Capital % of Revenue | N/A | -9109.0% | -33888.3% | -713382.9% | N/A |
| Trade Working Capital | -1,273 | -1,534 | -2,958 | -2,174 | -1,705 |
| Trade Working Capital % of Revenue | N/A | -3949.1% | -11721.1% | -127674.6% | N/A |
| Change in Trade Working Capital | N/A | -261 | -1,424 | 784 | 469 |
| Turnover & efficiency | |||||
| Inventory Turnover | N/A | N/A | N/A | N/A | N/A |
| Days Inventory Outstanding (DIO) | N/A | N/A | N/A | N/A | N/A |
| Receivables Turnover | N/A | 1.75x | 0.43x | 0.03x | N/A |
| Days Sales Outstanding (DSO) | N/A | 208.4 | 841.2 | 11557.4 | N/A |
| Payables Turnover | N/A | 0.02x | 0.01x | 0.15x | 0.31x |
| Days Payable Outstanding (DPO) | N/A | 15260.8 | 49906.2 | 2364.4 | 1176.1 |
| Cash Conversion Cycle | N/A | -15052.4 days | -49065.0 days | 9193.0 days | -1176.1 days |
| Asset Turnover | 0.00x | 0.01x | 0.00x | 0.00x | 0.00x |
| Cash flow & dividends | |||||
| Operating Cash Flow | N/A | N/A | 27 | 104 | N/A |
| Free Cash Flow (OCF − Capex proxy) | N/A | N/A | 27 | 104 | N/A |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | N/A | N/A |
| Dividends Declared | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout Ratio | N/A | N/A | 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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