Georgia Capital PLC (the “Company") has published today its financial results for the third quarter and the nine months of 2024.
WEBINAR DETAILS
An investor/analyst webinar, organised by the Company, will be held today, 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.
- Sale of an 80% holding of our stake (an effective 73.9% equity stake) in the beer and distribution business to Royal Swinkels N.V. (“Royal Swinkels”) at a premium to the business’ investment value as at 30-Jun-24, with a clear exit path for the remaining stake. Closing of the transaction and the receipt of US$ c.63.0 million net cash proceeds are expected in 4Q24
- NAV per share (GEL) up 6.2% in 3Q24, reflecting the overall strong operating performance of our private portfolio companies and the sale of the beer and distribution business
- Record recurring quarterly dividend income of GEL 119.0 million in 3Q24, driving the 3.0 ppts improvement in the NCC ratio to 15.9% as at 30-Sep-24
- Additional GEL 22.6 million one-off buyback dividend income from temporarily reducing our stake in BoG to 19.1% in 3Q24 (from our targeted holding level of 19.5%)
- Record aggregated quarterly revenues of GEL 584.2 million, up 11.9% y-o-y, with a 16.5% y-o-y increase in EBITDA in 3Q24
- All-time high aggregate quarterly net operating cash flows of GEL 102.4 million, more than doubling y-o-y in 3Q24
- 2.0 million shares repurchased during 3Q24 and October 2024 (total bought back since demerger now 10.8 million shares (US$ 123.3 million cost), representing 22.5% of GCAP’s peak issued share capital)
