Georgia Capital PLC 2Q24 and 1H24 Results
Georgia Capital PLC (the “Company") has published today its financial results for the second quarter and the first half of 2024.
- NAV per share (GEL) down 12.8% in 2Q24, reflecting the impact on portfolio asset valuations from market movements resulting from the recent volatility in the regional geopolitical environment
- Strong performance of our private portfolio companies, aggregated quarterly revenue and EBITDA up 6.0% and 17.7% y-o-y, respectively, leading to a significant improvement in the net operating cash flow
- US$ 15 million increase to the existing share buyback programme, bringing the total amount of the current share buyback programme announced under the GEL 300 million (US$ c.110 million) capital return package, to US$ 40 million
- 1.3 million shares (US$ 16.6 million cost) have been repurchased since the announcement of the GEL 300 million (US$ c.110 million) capital return package in May-24 (total bought back since demerger now at 9.2 million shares (US$ 103.3 million cost), representing 19.3% of the issued share capital at its peak)
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 13 August 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.