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| GEL thousands | 2021¹ | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| P&L Items | |||||
| Revenue | Register | Register | Register | 4,014 | Register |
| Adj. Operating Profit² | Register | Register | Register | 899 | Register |
| Adj. EBITDA² | Register | Register | Register | 1,150 | Register |
| Net Income | Register | Register | Register | 658 | Register |
| Margins & Profitability Ratios (%) | |||||
| Adj. Operating Profit Margin² | Register | Register | Register | 22.4% | Register |
| Adj. EBITDA Margin² | Register | Register | Register | 28.6% | Register |
| Net Income Margin | Register | Register | Register | 16.4% | Register |
| Balance Sheet Items & Leverage | |||||
| Total Assets | Register | Register | Register | 12,433 | Register |
| Total Debt³ | Register | Register | Register | 3,943 | Register |
| Total Debt³ / Adj. EBITDA² | Register | Register | Register | 3.43x | Register |
| Total Equity | Register | Register | Register | 6,874 | Register |
¹ The Forest Campus opened in September 2021; 2021 reflects about four months of teaching.
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.