/
| GEL thousands | 2019¹ | 2020 | 2021 | 2022 | 2023² | 2024³ | 2025⁴ |
|---|---|---|---|---|---|---|---|
| P&L Items | |||||||
| Revenue | Register | Register | Register | Register | Register | 841,380 | Register |
| Adj. Operating Profit⁵ | Register | Register | Register | Register | Register | 261,090 | Register |
| Adj. EBITDA⁵ | Register | Register | Register | Register | Register | 403,655 | Register |
| Net Income | Register | Register | Register | Register | Register | 173,491 | Register |
| Margins & Profitability Ratios (%) | |||||||
| Adj. Operating Profit Margin⁵ | Register | Register | Register | Register | Register | 31.0% | Register |
| Adj. EBITDA Margin⁵ | Register | Register | Register | Register | Register | 48.0% | Register |
| Net Income Margin | Register | Register | Register | Register | Register | 20.6% | Register |
| Balance Sheet Items & Leverage | |||||||
| Total Assets | Register | Register | Register | Register | Register | 1,746,188 | Register |
| Total Debt⁶ | Register | Register | Register | Register | Register | 919,577 | Register |
| Total Debt⁶ / Adj. EBITDA⁵ | Register | Register | Register | Register | Register | 2.28x | Register |
| Total Equity | Register | Register | Register | Register | Register | 573,753 | Register |
¹ 2019 figures are the comparative presented in the audited FY2020 consolidated statements, which show the Group as if the holding had controlled its subsidiaries from 1 January 2019. The holding was incorporated in June 2019.
² 2023: a GEL 206.8m reduction of charter capital was settled without cash (offset against related-party balances) and is not shown as a distribution.
³ Cash includes GEL 18.4m of certificates of deposit (bank deposits of up to one year, not pledged).
⁴ Cash includes GEL 70.1m of certificates of deposit (bank deposits of up to one year, not pledged).
⁵ 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.
⁶ Total debt includes lease liabilities, where applicable.