Georgian Railway reported a 74% year-on-year increase in net profit to GEL 112.3 million in the first half of 2026, up from GEL 64.7 million in the same period last year. The company attributed the improvement to higher freight volumes, increased revenue, and stronger profitability.
Freight transportation reached 6.9 million tonnes in January-June, up 10% year-on-year and marking the highest first-half result in recent decades, according to the company. Total revenue rose 19% to GEL 352 million.
Adjusted EBITDA from operating activities increased 27% to GEL 92.2 million, while total EBITDA jumped 84% to GEL 137 million. The adjusted EBITDA margin improved to 45%, compared to 25% a year earlier.
The Ministry of Economy said Georgian Railway transported a record 12,049 TEU containers in June alone—the highest monthly figure in the past decade—with growth recorded across imports, exports, transit, and domestic cargo. Separately, the company recently launched an international tender to purchase 45 new mainline freight electric locomotives worth an estimated $350 million (around GEL 1 billion), alongside plans to build a modern maintenance depot in Khashuri under a World Bank and ADB-supported project.
