1Q23 Performance Overview

INCOME STATEMENT | 1Q23 GEL '000, unless otherwise noted Dividend income Buyback dividend Interest income Realised/unrealised gain/(loss) on liquid funds Interest expense Gross operating income/(loss) Operating expenses GCAP net operating income/(loss) Income statement 1Q23 1Q22 Change 5,187 2,195 NMF 21,225 NMF 4,977 8,785 -43.3% 428 (10,239) NMF (13,751) (19,853) -30.7% 18,066 (19,112) NMF (9,932) (9,305) 6.7% 8,134 (28,417) NMF Fair value changes of portfolio companies Listed and observable portfolio companies (386) (207,707) -99.8% Bank of Georgia Group PLC (386) (207,707) -99.8% Water Utility Private portfolio companies Large Portfolio Companies Of which, Retail (pharmacy) Of which, Hospitals NMF 50,870 (245,309) NMF 28,931 (142,532) NMF 25,939 (53,306) NMF (6,088) (49,519) -87.7% Of which, Insurance (P&C and Medical) 9,080 (39,707) NMF Investment Stage Portfolio Companies Of which, Renewable energy 13,268 (15,683) NMF 14,646 (10,051) NMF Of which, Education 1,296 4,355 -70.2% Of which, Clinics and Diagnostics (2,674) (9,987) -73.2% Other businesses 8,671 (87,094) NMF Total investment return 50,484 (453,016) NMF (Loss)/income before foreign exchange movements and non-recurring 58,618 (481,433) NMF expenses Net foreign currency loss 22,020 (3,724) NMF Non-recurring expenses (92) NMF Net (loss)/income (adjusted IFRS) 80,638 (485,249) NMF GEORGIA CAPITAL 94

View entire presentation