/
| GEL thousands | 2025¹ |
|---|---|
| P&L Items | |
| Revenue | 18,807 |
| Adj. Operating Profit² | (10,428) |
| Adj. EBITDA² | (3,220) |
| Net Income | (35,456) |
| Margins & Profitability Ratios (%) | |
| Adj. Operating Profit Margin² | -55.4% |
| Adj. EBITDA Margin² | -17.1% |
| Net Income Margin | -188.5% |
| Balance Sheet Items & Leverage | |
| Total Assets | 262,362 |
| Total Debt³ | 239,078 |
| Total Debt³ / Adj. EBITDA² | NMF |
| Total Equity | 7,087 |
¹ The Telegraph hotel opened in June 2025, so 2025 covers about seven months of hotel operations. One-off pre-opening costs of ₾4.65M are excluded from EBITDA and operating income.
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.