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| GEL thousands | 2022 | 2023¹ | 2024 | 2025 |
|---|---|---|---|---|
| P&L Items | ||||
| Revenue | Register | Register | 29,205 | Register |
| Adj. Operating Profit³ | Register | Register | 2,489 | Register |
| Adj. EBITDA³ | Register | Register | 2,736 | Register |
| Net Income | Register | Register | 1,498 | Register |
| Margins & Profitability Ratios (%) | ||||
| Gross Profit Margin² | Register | Register | 30.8% | Register |
| Adj. Operating Profit Margin³ | Register | Register | 8.5% | Register |
| Adj. EBITDA Margin³ | Register | Register | 9.4% | Register |
| Net Income Margin | Register | Register | 5.1% | Register |
| Balance Sheet Items & Leverage | ||||
| Total Assets | Register | Register | 22,053 | Register |
| Total Debt⁴ | Register | Register | 5,583 | Register |
| Total Debt⁴ / Adj. EBITDA³ | Register | Register | 2.04x | Register |
| Total Equity | Register | Register | 12,047 | Register |
¹ Figures are for Thermoindustria alone and exclude LLC Helio, a 70%-owned heating-systems retailer sold in September 2023. 2023 net profit includes a GEL 2.7m gain on that sale.
² COGS restated for comparability (2022–2024): supplier credit notes, which the company reports in other non-operating income, are deducted from cost of sales as purchase rebates.
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.