/
| GEL thousands | 2020¹ | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| P&L Items | ||||||
| Revenue | Register | Register | Register | Register | 18,788 | Register |
| Adj. Operating Profit³ | Register | Register | Register | Register | (453) | Register |
| Adj. EBITDA³ | Register | Register | Register | Register | 188 | Register |
| Net Income | Register | Register | Register | Register | (798) | Register |
| Margins & Profitability Ratios (%) | ||||||
| Gross Profit Margin² | Register | Register | Register | Register | 8.7% | Register |
| Adj. Operating Profit Margin³ | Register | Register | Register | Register | -2.4% | Register |
| Adj. EBITDA Margin³ | Register | Register | Register | Register | 1.0% | Register |
| Net Income Margin | Register | Register | Register | Register | -4.2% | Register |
| Balance Sheet Items & Leverage | ||||||
| Total Assets | Register | Register | Register | Register | 22,989 | Register |
| Total Debt⁴ | Register | Register | Register | Register | 486 | Register |
| Total Debt⁴ / Adj. EBITDA³ | Register | Register | Register | Register | 2.58x | Register |
| Total Equity | Register | Register | Register | Register | 1,146 | Register |
¹ Capital increased by GEL 10.4m in 2020 while end-2019 loans of GEL 8.2m were nil by end-2020. This points to a conversion of loans into equity, which the filings do not state explicitly.
² COGS restated for comparability (2020–2022): The 2020–2022 filings present expenses by nature. For comparability with 2023 onward, 91.6% of payroll and 53.6% of depreciation were moved into cost of sales, using the split the company itself reported for 2023. Operating profit, EBITDA and net income are unchanged.
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.