6th Aug 2025 14:25
(Alliance News) - Georgia Capital PLC on Wednesday hailed the economy of Georgia as it posted an interim profit and announced a new share buyback programme.
The Tbilisi-based investor in domestic business in Georgia said it swung to a pretax profit of GEL991.7 million, around GBP279.1 million, in the first half of 2025, compared to a loss of GEL192.3 million a year ago.
Revenue of the company's portfolio rose 10% to GEL1.08 billion from GEL977.9 million.
The company announced the launch of a new GEL700 million share buyback programme.
Chair & Chief Executive Officer Irakli Gilauri hailed the performance of the firm's portfolio companies, boosted by "the resilience of the Georgian economy, which has continued to demonstrate solid and sustained growth despite ongoing geopolitical challenges".
Georgia Capital said it made gains on investments at fair value of GEL955.9 million in the first half, compared to a loss of GEL221.8 million in the first half of 2024.
Net asset value as at June 30 improved 24% to GBP33.61 from GBP27.14 at December 31. In Georgian lari terms, the rise was stronger, up 31% to GEL125.63 at June 30 from GEL95.95 at December 31.
Georgia Capital shares rose 1.4% to 2,240.00 pence each on Wednesday afternoon in London.
By Tom Budszus, Alliance News slot editor
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