Edison's Report Highlights Georgia Capital's Strong Q3 Performance

Georgia Capital (GCAP) has demonstrated robust performance in Q3 2025, as noted in the latest report by Edison Investment Research Limited. The company's NAV per share grew by 7.9% on a total return basis in Georgian lari, continuing a five-year CAGR of 29.1%, with a one-year sterling NAV performance reaching 63.2%. A key contributor to this growth was the listed Lion Finance Group, whose share price rose by 8.1% during the quarter.

The private portfolio of Georgia Capital showed a 6.7% increase in value, attributed to strong operational achievements. Consequently, Georgia Capital raised its dividend income forecast for 2025 to GEL200m. The growth in NAV per share was also facilitated by NAV-accretive buybacks under its GEL700m capital return program, set to run until the end of 2027. With US$50m of the current tranche completed, GEL300m remains for future deployment.