Georgia Capital PLC 1Q24 Results

Georgia Capital PLC (the “Company") has published today its financial results for the first quarter of 2024.



  • Record NAV per share of GEL 90.04, up 8.6% q-o-q, supported by BoG’s outstanding performance and share price growth
  • Strong performance of our private portfolio companies, aggregated quarterly revenue and EBITDA up 8.8% and 17.3% y-o-y, respectively
  • NCC ratio improved by 0.8 ppts q-o-q to 14.8% as at 31-Mar-24 (4.9 ppts improvement y-o-y), reflecting strong liquidity and continued growth in portfolio value
  • c.490,000 shares repurchased in 1Q24 (total bought back and cancelled since demerger now stands at 7.9 million shares (US$ 87 million in value), representing c.16.5% of the issued share capital at its peak)
  • GEL 13.8 million dividend income from the portfolio companies in 1Q24


The results announcement together with the supplementary financial information (excel file) are available on the Company’s website at An investor/analyst webinar, organised by the Company, will be held on 1 May 2024, at 14:00 UK / 15:00 CET / 9:00 US Eastern Time. The duration of the webinar will be 60 minutes and will consist of a 30-minute update and a 30-minute Q&A session.


Please register at the Registration link to attend the event.