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| GEL thousands | 2019 | 2020 | 2021 | 2022 | 2023¹ | 2024² | 2025 |
|---|---|---|---|---|---|---|---|
| P&L Items | |||||||
| Revenue | Register | Register | Register | Register | Register | 789,080 | Register |
| Adj. Operating Profit⁴ | Register | Register | Register | Register | Register | (12,244) | Register |
| Adj. EBITDA⁴ | Register | Register | Register | Register | Register | 14,332 | Register |
| Net Income | Register | Register | Register | Register | Register | (34,641) | Register |
| Margins & Profitability Ratios (%) | |||||||
| Gross Profit Margin³ | Register | Register | Register | Register | Register | 21.4% | Register |
| Adj. Operating Profit Margin⁴ | Register | Register | Register | Register | Register | -1.6% | Register |
| Adj. EBITDA Margin⁴ | Register | Register | Register | Register | Register | 1.8% | Register |
| Net Income Margin | Register | Register | Register | Register | Register | -4.4% | Register |
| Balance Sheet Items & Leverage | |||||||
| Total Assets | Register | Register | Register | Register | Register | 223,707 | Register |
| Total Debt⁵ | Register | Register | Register | Register | Register | 248,587 | Register |
| Total Debt⁵ / Adj. EBITDA⁴ | Register | Register | Register | Register | Register | 17.34x | Register |
| Total Equity | Register | Register | Register | Register | Register | (211,572) | Register |
¹ 2023 net profit is after a GEL 5.5m income tax charge (and GEL 2.5m of related penalties in operating expenses) for a Revenue Service claim about 2020–2022 loan arrangements; the Revenue Service withdrew the claim in 2024.
² 2024 includes a GEL 5.5m income tax benefit from reversing the 2023 tax charge after the Revenue Service withdrew its claim; excluding it, the 2024 net loss would be GEL 40.1m.
³ COGS restated for comparability (2019–2021): supplier promotional, display and store-opening fees reclassified from revenue to cost of sales to match the company's presentation from 2022 and peer practice.
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.