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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 ₾991.7 million, around £279.1 million, in the first half of 2025, compared to a loss of ₾192.3 million a year ago. Revenue of the company’s portfolio rose 10% to ₾1.08 billion from ₾977.9 million. The company announced the launch of a new ₾700 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 ₾955.9 million in the first half, compared to a loss of ₾221.8 million in the first half of 2024. Net asset value as at June 30 improved 24% to £33.61 from £27.14 at December 31. In Georgian lari terms, the rise was stronger, up 31% to ₾125.63 at June 30 from ₾95.95 at December 31. Georgia Capital shares rose 1.4% to 2,240.00 pence each on Wednesday afternoon in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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