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| GEL thousands | 2019¹ | 2020 | 2021² | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| P&L Items | |||||||
| Revenue | Register | Register | Register | Register | 86,126 | Register | Register |
| Adj. Operating Profit³ | Register | Register | Register | Register | 833 | Register | Register |
| Adj. EBITDA³ | Register | Register | Register | Register | 3,524 | Register | Register |
| Net Income | Register | Register | Register | Register | (305) | Register | Register |
| Margins & Profitability Ratios (%) | |||||||
| Adj. Operating Profit Margin³ | Register | Register | Register | Register | 1.0% | Register | Register |
| Adj. EBITDA Margin³ | Register | Register | Register | Register | 4.1% | Register | Register |
| Net Income Margin | Register | Register | Register | Register | -0.4% | Register | Register |
| Balance Sheet Items & Leverage | |||||||
| Total Assets | Register | Register | Register | Register | 73,466 | Register | Register |
| Total Debt⁴ | Register | Register | Register | Register | 21,025 | Register | Register |
| Total Debt⁴ / Adj. EBITDA³ | Register | Register | Register | Register | 5.97x | Register | Register |
| Total Equity | Register | Register | Register | Register | 47,363 | Register | Register |
| ROAE | Register | Register | Register | Register | -0.6% | Register | Register |
¹ Results include a GEL 51.8m impairment of the power plant's assets, triggered by the suspension of the Gardabani coal-plant project, shown below operating profit.
² Operating profit excludes a GEL 11.5m loss on acquiring the Saknakhshiri loan receivable from TBC Bank, shown as non-operating.
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.