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| GEL thousands | 2019 | 2020¹ | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| P&L Items | |||||||
| Revenue | Register | Register | Register | Register | Register | 85,452 | Register |
| Adj. Operating Profit² | Register | Register | Register | Register | Register | 16,554 | Register |
| Adj. EBITDA² | Register | Register | Register | Register | Register | 19,237 | Register |
| Net Income | Register | Register | Register | Register | Register | 21,032 | Register |
| Margins & Profitability Ratios (%) | |||||||
| Gross Profit Margin | Register | Register | Register | Register | Register | 41.2% | Register |
| Adj. Operating Profit Margin² | Register | Register | Register | Register | Register | 19.4% | Register |
| Adj. EBITDA Margin² | Register | Register | Register | Register | Register | 22.5% | Register |
| Net Income Margin | Register | Register | Register | Register | Register | 24.6% | Register |
| Balance Sheet Items & Leverage | |||||||
| Total Assets | Register | Register | Register | Register | Register | 192,206 | Register |
| Total Debt³ | Register | Register | Register | Register | Register | 293 | Register |
| Total Debt³ / Adj. EBITDA² | Register | Register | Register | Register | Register | 0.02x | Register |
| Total Equity | Register | Register | Register | Register | Register | 187,677 | Register |
¹ In 2020 Demasi declared a GEL 56.5m dividend, but only GEL 0.04m was paid in cash; the rest was converted into a US-dollar loan from the owner and repaid mainly in 2021. This explains the higher 2020 debt and the large 2021 debt repayment.
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.