---
title: "Georgia Capital PLC 1Q23 Results"
description: "Georgia Capital PLC (the “Group) has published today its first quarter 2023 financial results.KEY POINTSNAV per share (GEL) up 3.3% in 1Q23 (up 6.4% in G"
canonical_url: "https://georgiacapital.ge/news/company-news/673-georgia-capital-plc-1q23-results"
locale: en
meta:
  author: website
  "og:description": "Georgia Capital PLC (the “Group) has published today its first quarter 2023 financial results.KEY POINTSNAV per share (GEL) up 3.3% in 1Q23 (up 6.4% in G"
  "og:image": "https://georgiacapital.ge/gcap_og_image.png"
  "og:image:alt": "Georgia Capital PLC 1Q23 Results"
  "og:image:height": "261"
  "og:image:width": "500"
  "og:title": "Georgia Capital PLC 1Q23 Results"
---

> Index of every page on this site: [llms.txt](https://georgiacapital.ge/llms.txt)

10 May 2023

Follow on socials

Georgia Capital PLC (the “**Group**") has published today its first quarter 2023 financial results.

 

**KEY POINTS**

- NAV per share (GEL) up 3.3% in 1Q23 (up 6.4% in GBP terms), reflecting strong value creation across our portfolio companies
- Net Capital Commitment (NCC) ratio decreased by 1.4 ppts to 19.7% in 1Q23, resulting from the continued growth in the portfolio value and decrease in the guarantees issued
- GEL 26.4 million dividends realised in 1Q23, of which GEL 21.2 million related to participation in BoG’s on-market share buybacks
- Sale of hospitality assets for US$ 28 million in 1Q23, leading to a decrease in the aggregate net debt to EBITDA of our private portfolio companies (down from 3.3x at 31-Dec-22 to 3.0x at 31-Mar-23)
- From US$ 300 million outstanding GCAP Eurobond, US$ 79 million have been repurchased to date
- Successful completion of the transfer from LSE Premium to LSE Standard listing, and a launch of the US$ 10 million share buyback and cancellation programme in April 2023

 

The results announcement together with the supplementary financial information (excel file) are available on the Group’s website at https://georgiacapital.ge/ir/financial-results. An investor/analyst webinar, organised by the Group, will be held on 10 May 2023, at 14:00 UK / 15:00 CET / 09:00 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](https://gcap-ge.zoom.us/webinar/register/WN_ppWoCEl_QVSxi_WM6IDuBw) to attend the event.

## Explore more

```json
{
  "@context": "https://schema.org",
  "@type": "CollectionPage",
  "@id": "https://georgiacapital.ge/news/company-news#webpage",
  "url": "https://georgiacapital.ge/news/company-news",
  "name": "Company News",
  "inLanguage": "en",
  "isPartOf": {
    "@id": "https://georgiacapital.ge/#website"
  }
}
```

## Sitemap

See the full [sitemap](https://georgiacapital.ge/sitemap.md) for all pages.