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| GEL thousands | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025¹ |
|---|---|---|---|---|---|---|---|
| P&L Items | |||||||
| Revenue | Register | Register | Register | Register | Register | 71,328 | Register |
| Adj. Operating Profit² | Register | Register | Register | Register | Register | (1,839) | Register |
| Adj. EBITDA² | Register | Register | Register | Register | Register | 4,215 | Register |
| Net Income | Register | Register | Register | Register | Register | 1,195 | Register |
| Margins & Profitability Ratios (%) | |||||||
| Adj. Operating Profit Margin² | Register | Register | Register | Register | Register | -2.6% | Register |
| Adj. EBITDA Margin² | Register | Register | Register | Register | Register | 5.9% | Register |
| Net Income Margin | Register | Register | Register | Register | Register | 1.7% | Register |
| Balance Sheet Items & Leverage | |||||||
| Total Assets | Register | Register | Register | Register | Register | 52,214 | Register |
| Total Debt³ | Register | Register | Register | Register | Register | 240 | Register |
| Total Debt³ / Adj. EBITDA² | Register | Register | Register | Register | Register | 0.06x | Register |
| Total Equity | Register | Register | Register | Register | Register | 23,648 | Register |
¹ From 1 September 2025 the group's Batumi subsidiary, Argo Management, also operates a hotel in Bakuriani, leased from a related party, so 2025 figures cover more than the two Radisson Blu hotels. The filing does not name the hotel; we believe it is Kokhta Bakuriani (formerly Rooms Hotel Kokhta), which Silk Road Group, owner of the Radisson Blu hotels, acquired in August 2025.
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.