1 hour ago
1
MarketBeat
Tue, April 28, 2026 astatine 10:29 AM CDT 8 min read
Key Points
-
NAV update: NAV per stock was level successful Q1 (up 2.1% successful GBP) but absorption says NAV has recovered to present >9% year-to-date maturation (9.2% successful GEL), driven by a rebound successful Lion Finance Group (LFG) stock terms and beardown private-portfolio performance.
-
Strong operating momentum: Large backstage holdings reported an "exceptional" 4th with 13.7% top-line maturation and 27% YoY EBITDA growth; portfolio highlights see pharmacy EBITDA +20.5% to a grounds GEL 29m, healthcare EBITDA +16% to GEL 27m, and security revenues +27% with profits +70%.
-
Returns and equilibrium sheet: Georgia Capital repurchased $22m of shares successful Q1 (475,000 shares), has bought backmost >one-third of issued superior and narrowed the NAV discount to 16%, portion ending March with ~ $85m liquidity, $50m gross holdco indebtedness (net currency ~ $35m) and guidance to proceed buybacks, deleverage and cod >GEL 200m of dividends successful 2026.
-
Interested successful Georgia Capital PLC? Here are 5 stocks we similar better.
Georgia Capital (LON:CGEO) said its nett plus worth (NAV) per stock was level successful the archetypal quarter, portion emphasizing beardown operating momentum crossed its large backstage holdings and continued advancement connected stock buybacks and deleveraging.
Q1 NAV and portfolio drivers
Management said NAV per stock was unchanged successful Q1, though it accrued 2.1% successful lb sterling terms. The institution attributed the level 4th chiefly to a diminution successful the stock terms of Lion Finance Group (LFG) during the period. Management said LFG’s stock terms has since recovered, helping thrust “more than 9%” NAV per stock maturation year-to-date, including 9.2% year-to-date maturation successful Georgian lari (GEL) terms.
→ Pipelines and Automation: 2 Energy Plays Built for Any Oil Price
In discussing the quarter’s NAV bridge, absorption said LFG contributed a antagonistic 0.6% to NAV per share, portion backstage ample portfolio companies contributed astir 3% positively. A alteration successful valuation multiples was a astir 1% negative, emerging and different portfolio companies declined by 0.5%, buybacks added 0.3%, operating expenses were a 0.3% drag, and “other” contributed 0.9%.
Management besides pointed to an “exceptional” 4th for ample portfolio companies, citing 13.7% top-line maturation and 27% year-over-year EBITDA growth. The CEO said the institution applies “pretty conservative” valuation multiples to backstage holdings and expects operating show to enactment NAV maturation implicit time.
Macro backdrop and marketplace positioning
→ Homebuilder Earnings: D.R. Horton Sticks Out arsenic Pulte & NVR Sales Tank
The CEO described Georgia’s macro situation arsenic “firing connected each cylinders,” citing 7.5% existent GDP maturation successful 2025 and monthly readings of 7.9% successful January and 8.8% successful February. He attributed immoderate of the momentum to stronger commercialized and logistics enactment and inward investment, including flows tied to determination geopolitical developments.
.png)
English (CA) · 
English (US) · 
Spanish (MX) ·