Edison Releases Report on Georgia Capital's First Quarter Performance

Edison Investment Research Limited has published a report on Georgia Capital (LSE: CGEO), highlighting its solid performance in the first quarter of 2025. Georgia Capital reported a net asset value (NAV) total return of 11.2% in local currency terms, translating to 9.8% in GBP. This continues the company's annual growth rate of 15.1% since the end of 2018. The primary driver of the Q1 2025 NAV growth was Lion Finance Group, formerly Bank of Georgia, which contributed significantly.

Georgia Capital's private portfolio remains robust, with strong earnings and sustained dividend flows. The group aims to receive GEL180 million in recurring dividends in 2025, mirroring the figures from the previous two years. With a continuing wide discount to NAV, the company is focusing on strategic share repurchases.