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| GEL thousands | 2022¹ | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| P&L Items | ||||
| Revenue | Register | Register | 29,788 | Register |
| Adj. Operating Profit² | Register | Register | 3,265 | Register |
| Adj. EBITDA² | Register | Register | 3,831 | Register |
| Net Income | Register | Register | 3,160 | Register |
| Margins & Profitability Ratios (%) | ||||
| Gross Profit Margin | Register | Register | 19.5% | Register |
| Adj. Operating Profit Margin² | Register | Register | 11.0% | Register |
| Adj. EBITDA Margin² | Register | Register | 12.9% | Register |
| Net Income Margin | Register | Register | 10.6% | Register |
| Balance Sheet Items & Leverage | ||||
| Total Assets | Register | Register | 25,748 | Register |
| Total Debt³ | Register | Register | 3,833 | Register |
| Total Debt³ / Adj. EBITDA² | Register | Register | 1.00x | Register |
| Total Equity | Register | Register | 8,180 | Register |
¹ 2022 revenue is mainly the resale and installation of substation autotransformers (GEL 13.5m of 13.9m); the company became an energy-infrastructure contractor in the second half of 2022.
² 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.
³ Total debt includes lease liabilities, where applicable.