In 2024, Georgian Railway's profit decreased to GEL 67.9 million. Georgian Railway published a report based on the unaudited consolidated financial results for 2024 at its official Facebook page.
Georgian Railway explains that the net profit was significantly negatively impacted by losses due to exchange rate changes (53.8 million GEL).
The company has not yet published its financial report, however, it should be noted that according to the company's 2023 financial report, the company's net profit decreased by 79%, or 310 million GEL to 87 million GEL in the previous year. At that time, the decrease in profit was mainly due to changes in the company's profit structure.
According to the unaudited consolidated financial results for 2024, the company's revenue increased by 5% and amounted to 656.9 million GEL. Georgian Railway's earnings before interest and depreciation (EBITDA) increased by 31% and amounted to 221.1 million GEL.
"Georgian Railway continues to improve its liquidity indicators.
As of December 31, 2024, the organization's cash balance amounted to 318.3 million GEL, which was 34.8 million GEL higher than the same indicator in 2023," - reads the information released by the company.
