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Radisson Blu Hotels (Tbilisi & Batumi) earns 1.8x the revenue of Dreamland Oasis
Compare side by side| GEL thousands | 2019 | 2020¹ | 2021² | 2022 | 2023 |
|---|---|---|---|---|---|
| P&L Items | |||||
| Revenue | Register | Register | 37,186 | Register | Register |
| Adj. Operating Profit³ | Register | Register | 11,661 | Register | Register |
| Adj. EBITDA³ | Register | Register | 14,901 | Register | Register |
| Net Income | Register | Register | 34,916 | Register | Register |
| Margins & Profitability Ratios (%) | |||||
| Adj. Operating Profit Margin³ | Register | Register | 31.4% | Register | Register |
| Adj. EBITDA Margin³ | Register | Register | 40.1% | Register | Register |
| Net Income Margin | Register | Register | 93.9% | Register | Register |
| Balance Sheet Items & Leverage | |||||
| Total Assets | Register | Register | 134,210 | Register | Register |
| Total Debt⁴ | Register | Register | 85,707 | Register | Register |
| Total Debt⁴ / Adj. EBITDA³ | Register | Register | 5.75x | Register | Register |
| Total Equity | Register | Register | 41,139 | Register | Register |
| ROAE | Register | Register | 147.4% | Register | Register |
¹ Net profit includes GEL 15.5m of non-cash gains from discounting below-market related-party loans; the 2023 filing later treated such amounts as capital contributions.
² Net profit includes GEL 12.1m of non-cash gains from discounting below-market related-party loans; the 2023 filing later treated such amounts as capital contributions.
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.