Edison Releases Report on Georgia Capital's Strong FY25 Performance

London, UK, February 27, 2026 – Edison Investment Research has published its report on Georgia Capital (LSE: CGEO). The company achieved a significant NAV total return of 61.2% in FY25 measured in Georgian lari, and 56.4% in sterling. This was driven largely by the surge in Lion Finance Group's share price, which contributed 42.3 percentage points to the NAV total return and constituted 49% of Georgia Capital's portfolio by year-end.

Georgia Capital's portfolio, primarily in retail pharma, insurance, and healthcare, contributed 15.4 percentage points. Additionally, NAV-accretive share buybacks added 11.3 percentage points. The company's five-year NAV total return in local currency was 26.3% per annum as of end-2025. Progress in its capital return program reached GEL550m of the targeted GEL700m, facilitated by robust portfolio cash flow and asset sales.