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| GEL thousands | 2019 | 2020 | 2021 | 2022 | 2023 | 2024¹ | 2025² |
|---|---|---|---|---|---|---|---|
| P&L Items | |||||||
| Revenue | Register | Register | Register | Register | Register | 15,337 | Register |
| Adj. Operating Profit³ | Register | Register | Register | Register | Register | 4,114 | Register |
| Adj. EBITDA³ | Register | Register | Register | Register | Register | 5,510 | Register |
| Net Income | Register | Register | Register | Register | Register | (10,738) | Register |
| Margins & Profitability Ratios (%) | |||||||
| Adj. Operating Profit Margin³ | Register | Register | Register | Register | Register | 26.8% | Register |
| Adj. EBITDA Margin³ | Register | Register | Register | Register | Register | 35.9% | Register |
| Net Income Margin | Register | Register | Register | Register | Register | -70.0% | Register |
| Balance Sheet Items & Leverage | |||||||
| Total Assets | Register | Register | Register | Register | Register | 52,191 | Register |
| Total Debt⁴ | Register | Register | Register | Register | Register | 41,650 | Register |
| Total Debt⁴ / Adj. EBITDA³ | Register | Register | Register | Register | Register | 7.56x | Register |
| Total Equity | Register | Register | Register | Register | Register | 8,967 | Register |
¹ In 2024 the sole owner converted GEL 49.7m of its loan into equity and recorded a further GEL 21.8m loan fair-value contribution, turning equity from GEL -51.9m to GEL 9.0m.
² FY2025 audit opinion is qualified: the auditor could not verify opening PP&E balances. PP&E was revalued in 2025 (GEL 42.6m → GEL 88.4m), lifting equity from GEL 9.0m to GEL 58.5m through other comprehensive income.
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.