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| GEL thousands | 2020 | 2021 | 2022 | 2023 | 2024¹ | 2025 |
|---|---|---|---|---|---|---|
| P&L Items | ||||||
| Revenue | Register | Register | Register | Register | 17,497 | Register |
| Adj. Operating Profit² | Register | Register | Register | Register | 939 | Register |
| Adj. EBITDA² | Register | Register | Register | Register | 3,651 | Register |
| Net Income | Register | Register | Register | Register | (118) | Register |
| Margins & Profitability Ratios (%) | ||||||
| Adj. Operating Profit Margin² | Register | Register | Register | Register | 5.4% | Register |
| Adj. EBITDA Margin² | Register | Register | Register | Register | 20.9% | Register |
| Net Income Margin | Register | Register | Register | Register | -0.7% | Register |
| Balance Sheet Items & Leverage | ||||||
| Total Assets | Register | Register | Register | Register | 199,114 | Register |
| Total Debt³ | Register | Register | Register | Register | 82,723 | Register |
| Total Debt³ / Adj. EBITDA² | Register | Register | Register | Register | 22.66x | Register |
| Total Equity | Register | Register | Register | Register | 109,731 | Register |
¹ In 2024 a related company under common ownership forgave GEL 42.05m of loans to Batumi Tower (GEL 36.63m principal and GEL 5.43m accrued interest), which was recorded directly in equity rather than through profit.
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.