---
title: "Georgia Capital PLC 1Q24 Results"
description: "Georgia Capital PLC (the “Company) has published today its financial results for the first quarter of 2024.KEY POINTSRecord NAV per share of GEL 90"
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locale: en
meta:
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  "og:description": "Georgia Capital PLC (the “Company) has published today its financial results for the first quarter of 2024.KEY POINTSRecord NAV per share of GEL 90"
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  "og:title": "Georgia Capital PLC 1Q24 Results"
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01 May 2024

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

 

**KEY POINTS**

 

- 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 https://georgiacapital.ge/ir/financial-results. 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](https://gcap-ge.zoom.us/webinar/register/WN_izhPA1B8TOS2CzjyBt0aIA) to attend the event.

 

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