Main figures

Below is a table showing main figures and key ratios based on audited consolidated financial statements of GSE. Amounts are given in thousand Lari’s.

Main figures2017201820192020202120222023
Operating revenues133 370 227 050235 010181 865297 224346 172339 354
EBITDA *91 851 112 669 142 123 106 533 195 188 239 545210 087
Depreciation and amortization-56 010-46 924-45 121-47 362-64 526-71 178-72 300
Operating profit35 84165 74597 00259 171 130 662 168 367 128 975
Financing costs (incl. foreign exchange revaluation)-108 792-26 739 -80 852 -260 51497 495-42 013-64 361
Profit before tax-70 207 46 78530 745-37 516234 794304 444 84 969
Net profit for the period (comprehensive income)-70 24746 74330 702-47 866234 661304 223 85 104
Total assets1 101 5401 129 9651 172 2681 386 6311 490 3331 700 7651866924

* Operating profit plus Depreciation and Amortisation

Key ratios2017201820192020202120222023
Return on capital employed before tax-12%9%3%-3%19%21%6%
Return on equity after tax-40%37%37%-51%155%61%14%
Equity share16%11%7%7%10%30%32%
EBITDA margin69%50%60%59%66%69%62%
Asset turnover12%20%20%13%20%20%18%

Definition of key ratios:

Return on capital employed before tax = Profit before tax / (Total assets – Current liabilities)
Return on equity after tax = Net profit for the period / Total equity
Equity share = Equity / Total assets
EBITDA margin = EBITDA / Operating revenues
Asset turnover = Operating revenues / Total assets