რადისონ ბლუ სასტუმრო (ბათუმი)

^¹ The filed 2022 cash flow statement does not add up: its working-capital lines exceed the reported operating subtotal by GEL 0.2m.

^² Equity includes a GEL 0.8m capital contribution that does not appear in the filed cash flow statement.

^³ From 1 September 2025 the company also operates a hotel in Bakuriani, leased from a related party, so 2025 figures cover more than Radisson Blu Batumi. The filing does not name the hotel; we believe it is Kokhta Bakuriani (formerly Rooms Hotel Kokhta), which Silk Road Group, owner of the Radisson Blu hotels, acquired in August 2025.

^⁴ 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.

^⁵ Total debt includes lease liabilities, where applicable.