GeoSteel, one of Georgia’s largest metallurgical companies, reported strong revenue growth in 2025, with total revenue reaching GEL 322.7 million, up 22% year-on-year, according to the company’s latest financial statements.
The company’s operating performance also improved significantly. Operating profit increased to GEL 60.9 million from GEL 36.4 million a year earlier. Net profit remained broadly stable at GEL 43.4 million, compared with GEL 44.1 million in 2024.
According to the report, the cost of sales totaled GEL 247.5 million, while selling and marketing expenses amounted to GEL 3.4 million and administrative costs reached GEL 11.4 million. GeoSteel’s total assets stood at GEL 215.6 million at the end of 2025, with liabilities of GEL 155.1 million and equity of GEL 60.5 million.
The company distributed GEL 96.6 million in dividends to shareholders during the year, nearly double the GEL 50 million paid in 2024. GeoSteel’s core business is the production of reinforcing steel bars for the construction sector. As of the end of 2025, the company was fully owned by India-based Georgian Steel Group Holdings Limited (GSGHL)
