/
| GEL thousands | 2019 | 2020¹ | 2021 | 2022 | 2023 | 2024 | 2025² |
|---|---|---|---|---|---|---|---|
| P&L Items | |||||||
| Revenue | Register | Register | Register | Register | Register | 30,006 | Register |
| Adj. Operating Profit³ | Register | Register | Register | Register | Register | 2,201 | Register |
| Adj. EBITDA³ | Register | Register | Register | Register | Register | 5,704 | Register |
| Net Income | Register | Register | Register | Register | Register | 1,397 | Register |
| Margins & Profitability Ratios (%) | |||||||
| Gross Profit Margin | Register | Register | Register | Register | Register | 44.4% | Register |
| Adj. Operating Profit Margin³ | Register | Register | Register | Register | Register | 7.3% | Register |
| Adj. EBITDA Margin³ | Register | Register | Register | Register | Register | 19.0% | Register |
| Net Income Margin | Register | Register | Register | Register | Register | 4.7% | Register |
| Balance Sheet Items & Leverage | |||||||
| Total Assets | Register | Register | Register | Register | Register | 56,661 | Register |
| Total Debt⁴ | Register | Register | Register | Register | Register | 10,770 | Register |
| Total Debt⁴ / Adj. EBITDA³ | Register | Register | Register | Register | Register | 1.89x | Register |
| Total Equity | Register | Register | Register | Register | Register | 41,190 | Register |
¹ In 2020 the founder converted ₾9.2m of interest-free loans into charter capital. This was a non-cash transaction and is not shown as capital raised.
² 2025 net loss includes a one-off, non-cash ₾12.5m write-down of property, plant and equipment on adoption of the revaluation model. A further ₾8.0m revaluation gain was recorded directly in equity.
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.