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| Currency: GEL | 2020 | 2021 | 2022 | 2023 | 2024¹ | 2025² |
|---|---|---|---|---|---|---|
| P&L Items | ||||||
| Revenue | Register | Register | Register | 13.3M | Register | Register |
| Adj. Operating Profit³ | Register | Register | Register | 1.8M | Register | Register |
| Adj. EBITDA³ | Register | Register | Register | 1.9M | Register | Register |
| Net Income | Register | Register | Register | 1.4M | Register | Register |
| Margins & Profitability Ratios (%) | ||||||
| Gross Profit Margin | Register | Register | Register | 64.0% | Register | Register |
| Adj. Operating Profit Margin³ | Register | Register | Register | 13.6% | Register | Register |
| Adj. EBITDA Margin³ | Register | Register | Register | 14.6% | Register | Register |
| Net Income Margin | Register | Register | Register | 10.3% | Register | Register |
| Balance Sheet Items & Leverage | ||||||
| Total Assets | Register | Register | Register | 3.8M | Register | Register |
| Total Equity | Register | Register | Register | 2.2M | Register | Register |
¹ Equity fell by GEL 1.75m in 2024 despite a GEL 0.58m net profit: retained earnings declined by GEL 1.85m beyond net income and share capital by GEL 0.47m, and the filings do not explain either movement.
² 2025 financial statements are unaudited (management-signed) and disclose a material uncertainty over going concern, with negative equity and current liabilities exceeding current assets.
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.