Georgia Capital net asset value boosted by private portfolio companies

Georgia Capital PLC on Wednesday said its net asset value increased during the first quarter of 2025, driven by continued growth in Lion Finance Group PLC’s share price.

The Tbilisi-based investor in domestic business in Georgia said net asset value per share at the end of the first quarter on March 31 was ₾106.73, up 11.2% from ₾95.95 in September.

In sterling terms, NAV per share improved 9.8% to £29.80 at the end of March from £27.14 at the end of December.

Net income during the period jumped by 16% to ₾334.2 million, around £91.3 million, from ₾287.6 million at the end of 2023.

Georgia Capital said the increased NAV was driven by growth in Lion Finance’s share price and the ‘robust operating performance of the private portfolio companies’.

The company said its retail pharmacy business had a strong quarter, with 2.8% same-store revenue growth.

‘The excellent performance of our portfolio companies, coupled with our continued focus on capital repatriation to our shareholders, were instrumental to our outstanding 1Q25 results,’ Chair and Chief Executive Officer Irakli Gilauri said.

Gilarui said the Georgian economy has demonstrated ‘consistent and substantial’ growth despite ongoing geopolitical tension.

‘Against this background, I believe that Georgia Capital has all the key fundamentals in place to continue delivering consistent NAV per share growth over the medium to long term - and to progress further towards achieving our key strategic priorities,’ CEO Gilauri said.

Shares in Georgia Capital were up 0.8% to 1,696.00 pence in London on Wednesday afternoon.

Copyright 2025 Alliance News Ltd. All Rights Reserved.