Financial Statements — GEL
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.04 | 0.00 | 0.00 | 0.00 | 0.38 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| Accounts Receivable | 1.19 | 0.63 | 0.58 | 0.50 | 0.50 | 0.75 | 0.69 | 0.67 | 0.87 | 0.77 | 0.75 | 0.58 | 0.45 | 0.53 | 0.32 | 0.43 | 0.47 |
| Inventory | 0.04 | 0.04 | 0.05 | 0.06 | 0.04 | 0.11 | 0.11 | 0.13 | 0.13 | 0.12 | 0.12 | 0.09 | 0.09 | 0.08 | 0.09 | 0.08 | 0.07 |
| Total Current Assets | 1.30 | 0.70 | 0.65 | 0.59 | 0.94 | 0.93 | 0.87 | 0.88 | 1.09 | 0.97 | 0.95 | 0.73 | 0.61 | 0.67 | 0.48 | 0.62 | 0.64 |
| Property, Plant & Equipment | 3.40 | 3.43 | 3.50 | 3.53 | 3.54 | 4.63 | 4.58 | 4.55 | 4.32 | 4.18 | 4.12 | 4.02 | 3.94 | 3.91 | 3.89 | 3.87 | 3.83 |
| Goodwill | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 |
| Intangible Assets | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Total Non-current Assets* | 4.11 | 4.13 | 4.22 | 4.25 | 4.27 | 6.13 | 6.09 | 6.07 | 5.85 | 5.70 | 5.63 | 5.44 | 5.37 | 5.35 | 5.34 | 5.34 | 5.31 |
| Total Assets | 5.41 | 4.84 | 4.87 | 4.84 | 5.21 | 7.06 | 6.95 | 6.95 | 6.94 | 6.67 | 6.59 | 6.17 | 5.97 | 6.02 | 5.83 | 5.96 | 5.95 |
| Accounts Payable | 1.10 | 0.51 | 0.45 | 0.41 | 0.40 | 0.54 | 0.42 | 0.47 | 0.66 | 0.52 | 0.52 | 0.38 | 0.26 | 0.37 | 0.18 | 0.30 | 0.26 |
| Short-term Debt | 0.10 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.40 | 0.72 | 0.67 | 0.62 | 0.63 | 0.90 | 0.79 | 0.84 | 1.02 | 0.86 | 0.81 | 0.65 | 0.51 | 0.60 | 0.38 | 0.52 | 0.45 |
| Long-term Debt | 3.10 | 3.18 | 3.10 | 3.11 | 3.44 | 4.02 | 3.95 | 3.85 | 3.61 | 3.55 | 3.54 | 3.38 | 3.33 | 3.03 | 3.36 | 3.34 | 3.37 |
| Total Non-current Liabilities* | 3.56 | 3.58 | 3.49 | 3.50 | 3.84 | 4.57 | 4.51 | 4.42 | 4.16 | 4.07 | 4.04 | 3.77 | 3.78 | 3.48 | 3.79 | 3.78 | 3.79 |
| Total Liabilities | 4.96 | 4.30 | 4.16 | 4.12 | 4.47 | 5.46 | 5.31 | 5.26 | 5.19 | 4.93 | 4.85 | 4.41 | 4.29 | 4.08 | 4.17 | 4.30 | 4.25 |
| Total Stockholder Equity* | 0.45 | 0.54 | 0.71 | 0.72 | 0.74 | 1.59 | 1.64 | 1.69 | 1.75 | 1.74 | 1.74 | 1.76 | 1.68 | 1.94 | 1.65 | 1.66 | 1.70 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 532.00 | 446.56 | 440.76 | 414.00 | 377.35 | 398.31 | 725.55 | 714.30 | 756.26 | 770.11 | 774.10 | 807.62 | 804.66 | 790.61 | 714.04 | 721.25 | 721.73 | 631.95 | 581.58 | 518.82 |
| Selling, General & Admin | 19.45 | 17.52 | 15.67 | 15.29 | 14.74 | 40.64 | 10.84 | 15.04 | 18.55 | 15.01 | 17.53 | 16.77 | 16.93 | 14.55 | 13.77 | 17.04 | 20.67 | 15.12 | 22.24 | 14.37 |
| Operating Income | 105.44 | 76.61 | 89.91 | 78.59 | 67.72 | 21.97 | 32.10 | 50.22 | 58.72 | 72.06 | 65.56 | 111.69 | 102.78 | 49.38 | 91.66 | 75.10 | 96.59 | 51.67 | (12.36) | 34.49 |
| Pretax Income | 56.81 | 19.26 | 34.34 | 23.03 | 10.36 | (36.42) | -- | (10.13) | (1.36) | 19.77 | -- | 67.36 | 55.97 | 4.27 | -- | 9.23 | 70.09 | 4.75 | -- | (13.40) |
| Tax Provision | 0.21 | 0.11 | 0.06 | 0.25 | 0.35 | 0.14 | 1.81 | (0.85) | 0.02 | 0.81 | (1.77) | 0.57 | 0.29 | 0.88 | 1.63 | 0.66 | 0.57 | 0.30 | 0.50 | 0.42 |
| Net Income | 42.86 | 6.80 | 19.87 | 9.21 | (0.41) | (469.07) | (49.38) | (17.18) | (8.74) | 11.35 | 11.95 | 58.07 | 49.34 | (1.64) | 41.98 | 3.39 | 35.35 | (5.25) | (68.26) | (20.90) |
| Basic EPS | 0.26 | (0.06) | 0.04 | (0.05) | (0.12) | (4.06) | (0.58) | (0.32) | (0.25) | (0.09) | (0.08) | 0.29 | 0.22 | (0.21) | 0.14 | (0.12) | 0.14 | (0.20) | (0.71) | (0.32) |
| Diluted EPS | 0.26 | (0.06) | 0.04 | (0.05) | (0.12) | (4.06) | (0.58) | (0.32) | (0.25) | (0.09) | (0.08) | 0.29 | 0.22 | (0.21) | 0.14 | (0.12) | 0.14 | (0.20) | (0.71) | (0.32) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 180.75 | 81.74 | 110.78 | 70.25 | 46.99 | 24.81 | 73.97 | 87.32 | 104.72 | 125.92 | 124.76 | 141.04 | 157.66 | 97.66 | 81.80 | 94.31 | 104.04 | 54.25 | 95.59 | 54.17 |
| Capital Expenditures | 27.08 | 26.06 | 23.78 | 26.97 | 54.58 | 81.57 | 121.06 | 119.65 | 172.27 | 174.17 | 224.25 | 148.41 | 115.74 | 131.63 | 120.41 | 122.35 | 101.24 | 80.20 | 83.42 | 106.56 |
| Free Cash Flow* | 153.67 | 55.68 | 87.00 | 43.29 | (7.59) | (56.76) | (47.09) | (32.32) | (67.55) | (48.25) | (99.49) | (7.36) | 41.93 | (33.97) | (38.61) | (28.04) | 2.80 | (25.95) | 12.17 | (52.39) |
| Investing Cash Flow | (22.00) | (23.12) | (19.56) | (21.29) | (48.20) | 921.34 | (115.78) | (112.34) | (157.34) | (166.71) | (217.66) | (144.27) | (109.86) | (121.86) | (120.31) | (120.30) | (58.40) | (75.51) | (80.36) | (99.39) |
| Financing Cash Flow | (118.72) | (60.84) | (89.70) | (48.50) | (371.69) | (598.34) | 39.59 | 24.29 | 50.26 | 47.60 | 81.03 | 12.82 | (54.30) | 34.44 | 40.59 | 21.96 | (31.68) | 10.83 | (5.73) | 14.42 |
* Derived from reported values
