Georgia Capital PLC (the “Company") has published today its financial results for the third quarter and the nine months of 2025.

KEY POINTS

• NAV per share (GEL) increased 7.9% q-o-q in 3Q25, driven by strong operating performance across our private large portfolio companies and continued growth in Lion Finance Group PLC’s share price
• Outstanding quarterly results across our private large portfolio companies, with aggregated revenues and EBITDA up 13.5% and 29.5% y-o-y in 3Q25, respectively
• Commencement of GEL 700 million capital return programme, comprising:
  • US$ 50 million share buyback and cancellation programme, under which 0.8 million shares have been repurchased for US$ 26.3 million (GEL 71.2 million), bringing total returns to shareholders since demerger to US$ 221 million
  • Early redemption of US$ 100 million of GCAP’s US$ 150 million local holding company bonds, reducing the outstanding principal to US$ 50 million
• NCC ratio improved by 1.6 ppts q-o-q to a record low 5.4% as at 30-Sep-25 (10.5 ppts y-o-y improvement), driven by significant net debt reduction supported by strong cash generation and by continued growth in portfolio value 
• On 25 October 2025, healthcare services business agreed to acquire Gormed LLC, a regional network of three hospitals and clinics in central Georgia, pending regulatory approval. This bolt-on acquisition is expected to enhance revenue growth, deliver strong efficiency gains and improve profitability through operational synergies
• Upgrade in GCAP’s corporate credit outlook from stable to positive by S&P, reflecting strong asset performance and the Group’s continued progress on deleveraging

WEBINAR DETAILS

An investor/analyst webinar, organised by the Company, will be held today, at 14:00 UK / 15:00 CET / 10:00 US Eastern Time. The duration of the webinar will be 60 minutes and will consist of a 30-minute update and a 30-minute Q&A session.

Please register at the Registration link to attend the event.

The results announcement together with the supplementary financial information (excel file) are available on the Company’s website at https://georgiacapital.ge/ir/financial-results.