სასტუმრო ბორჯომი ლიკანი

^¹ In 2024 the sole owner converted GEL 49.7m of its loan into equity and recorded a further GEL 21.8m loan fair-value contribution, turning equity from GEL -51.9m to GEL 9.0m.

^² FY2025 audit opinion is qualified: the auditor could not verify opening PP&E balances. PP&E was revalued in 2025 (GEL 42.6m → GEL 88.4m), lifting equity from GEL 9.0m to GEL 58.5m through other comprehensive income.

^³ Adj. Operating Profit has been adjusted to exclude non-recurring and one-time items. Adj. EBITDA is calculated by adding back D&A expenses to the adjusted operating profit.

^⁴ Total debt includes lease liabilities, where applicable.