Georgia Capital PLC (FRA:2IX)
€ 45.4 -1.8 (-3.81%) Market Cap: 1.41 Bil Enterprise Value: 646.49 Mil PE Ratio: 2.60 PB Ratio: 0.85 GF Score: 64/100

Full Year 2025 Georgia Capital PLC Earnings Call Transcript

Feb 24, 2026 / 12:00 PM GMT
Release Date Price: €40 (+3.09%)

Key Points

Positve
  • Georgia Capital PLC (GRGCF) reported a strong EBITDA growth of nearly 18% in Q4 2025, indicating robust performance across its private large portfolios.
  • The company completed a $50 million buyback program and initiated a new $50 million share buyback, reflecting confidence in its financial health.
  • The GDP per capita in Georgia more than doubled over the past five years, contributing to a favorable macroeconomic environment.
  • The company's insurance business achieved record high performance with a 23% revenue growth for the full year 2025.
  • Georgia Capital PLC (GRGCF) maintained a strong liquidity position with a net cash position of approximately $40 million.
Negative
  • The company faces potential risks from oversupply in the real estate market, which could impact future investments.
  • There is uncertainty regarding the continuation or adjustment of the capital return program beyond 2026.
  • The retail pharmacy segment experienced a decrease in implied multiples, which could affect future valuations.
  • The textile retail business exit slightly affected headline growth, indicating challenges in certain business segments.
  • The company remains cautious about leveraging at the Holdco level, which may limit its investment capacity in the short term.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CGEO.L - Georgia Capital PLC
Full Year 2025 Georgia Capital PLC Earnings Call
Feb 24, 2026 / 12:00PM GMT

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Presentation
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Driven by both the Alli finance group performance and strong performance of our private large portfolios. We had also the stronger hm quarter for our private portfolios. The EBITDA has grown by nearly 18% in Q4.

Please note that, Q424 was a pretty strong performance as well, so we had a big growth in Q424. So, the base was high and, we performed, very well against this high base. We completed the $50 million buyback program, and we are starting as a part of the $700 million lay buyback program. We are starting the $50 million share buyback program as of today. So that will last for a couple of months. We'll see how we're going to get on on this buybacks. SCC ratio, has declined, significantly to a record low, to nearly 2%
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