GCAP reduced its stake in LFG

This increase partly reflects the effect of the low base of the previous year. Prices continued to grow in both markets, and in the primary market they increased by 2.7% compared to the previous quarter. At the same time, rental prices increased by 1.6% year-on-year in June 2025, and therefore rental yields remained at a high level compared to other cities.Real Estate SalesAccording to the Public Registry, 4,018 apartments were sold in Batumi in the second quarter of 2025, which is 9.5% more than the previous year, of which: Secondary market sales, which show dynamics in real time, increased by 23.4%. Primary market sales, which are affected by delayed registrations, decreased by 0.5% year-on-year. The results of the Galt & Taggart developer survey (which reflects primary market trends in real time) also show growth similar to the secondary market. According to the survey, the number of apartments sold in the second quarter of 2025 increased by 13.1% year-on-year. In total, the number of apartments sold in the primary market grew by 37.4% in the first half of 2025.PricesIn June 2025, the average price per square meter in the primary market reached 1,427 USD, which is an increase of 2.7% compared to the previous quarter. In addition, in new projects in the secondary market (which were built with permits issued since 2013), the average price in June 2025 increased by 0.7% quarterly and by 11.5% annually, amounting to 1,307 USD.RentIn June 2025, the rent price for an average-sized apartment (50-60 sq m) in Batumi increased by 1.6% annually, amounting to 11.9 USD per sq m.

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The number of outbound visits by Georgian visitors from above-mentioned figure amounted to 564.3 thousand, 0.4% higher compared to the same period of 2024.Outbound visitors made 385.8 thousand tourist-type visits, which is 7.1% higher compared to the same period of the previous year.The majority of outbound visits, 48.3%, were made by the visitors of age group 31-50. The number of visits made by women equaled 46.7% of the total number of visits.In the II quarter of 2025 the purpose of the majority of outbound visits, 34.9%, was visiting friends/relatives.In the II quarter of 2025 the average number of nights spent during the visits equaled 6.4 nights, which is 2% higher than the same figure of the II quarter of 2024 (6.3 nights). 98.2% of outbound visits was repeating visit.The expenditures during the visits made in the II quarter of 2025 equaled 583 million GEL. This indicator is 1.9% lower compared to the same period of the previous year. Average expenditure per visit decreased by 2.3% compared to the II quarter of 2024 and amounted to 1,032 GEL.

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“We are announcing the launch of a new GEL 700 million capital return programme, which we plan to implement through the end of 2027. The programme covers capital returns through share buybacks, dividends and potential early paydowns of up to US$ 150 million of GCAP's existing sustainability-linked local bonds (which otherwise mature in 2028)”, - Gilauri said.According to him, the programme, supported by significant improvement in the NCC ratio to a record-low level of 7.0% in 2Q25, is expected to be funded by a combination of the existing strong liquid funds and robust free cash flow generation at GCAP (together expected to exceed GEL 700 million over the programme period).The new programme will commence following the completion of the current share buyback programme in August 2025, starting with an initial US$ 50 million share buyback programme.Additionally, in September 2025, GCAP expects to exercise a call option to redeem at least US$ 50 million of its existing US$ 150 million local Holding Company bonds.

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According to Neil Janini, chairman of GCAP’s compensation committee, over time, Irakli Gilauri has accumulated a significant shareholding in Georgia Capital, while not receiving any cash compensation for the last seven years.Accordingly, the Remuneration Committee has therefore encouraged Irakli to sell some of his holdings in Georgia Capital. Irakli has confirmed today that he intends to sell up to 625,000 Georgia Capital shares over time, for financial diversification purposes. This will be his first sale of Georgia Capital shares since the establishment of the Company in May 2018.Irakli currently holds a total of 3,126,503 shares, of which 2,131,709 shares are held directly and 994,794 shares remain unvested (and held in the form of Nil cost options) and will vest over the next few years according to the Remuneration Policy vesting schedules.“He has accumulated his shareholding over his 20-year tenure with Georgia Capital and, previously Bank of Georgia, from a combination of cash purchases (213,523 shares), deferred salary shares (nil cost options), and share-based bonus payments from, initially, Bank of Georgia and then Georgia Capital. After the sale, and following the award of 2025 salary shares, Irakli will continue to hold approximately 2.7 million shares”, - Neil Janini said.According to him, Irakli remains extremely confident in the strong prospects of both Georgia Capital and the Georgian economy, and he will remain a significant shareholder in the Company. For family estate planning purposes, Irakli has informed the Company that he also intends to move his remaining holding into a separate entity.

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The 2Q 2025 Dividend will be payable in Pounds Sterling to ordinary shareholders of TBC PLC on the register of members at the close of business on the record date of 24 October 2025, pursuant to the following timetable:Ex-Dividend Date: 23 October 2025Record Date: 24 October 2025Currency Conversion Date: 31 October 2025Payment Date: 21 November 2025The Georgian Lari to Pound Sterling exchange rate that will apply to the 2Q 2025 quarterly dividend payments on the conversion date of 31 October 2025 will be the average exchange rate of the National Bank of Georgia for the period of 27 October 2025 to and including of 31 October 2025 (5 days average).“I am also glad to announce that our strong profitability and robust capital position have enabled the Board to declare a quarterly dividend of GEL 1.75 per share for the second quarter of 2025, bringing the 1H 2025 payment to GEL 3.25. In addition, we have announced a GEL 75 million share buyback starting from the second half of August, a sign of our commitment to returning excess capital to shareholders”, - Vakhtang Butskhrikidze, CEO of TBC PLC, states.

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According to the document, the NBG emphasizes the importance of a long-term, inclusive, and sustainable economic development policy, noting that recent years have demonstrated the Supervisory Strategy's value as a key reference for both the National Bank and financial sector stakeholders. The strategy helps guide the Bank’s operational planning, provides clarity to its staff, and enhances predictability for the financial sector.Additionally, the strategy promotes transparency and accessibility for a wide range of audiences, including investors, international financial institutions, rating agencies, the general public, and other interested parties, by detailing supervisory priorities and forward-looking plans.First introduced in 2023, the 2023–2025 Supervisory Strategy was developed in close collaboration with both the private and civil sectors. It is reviewed annually to reflect current developments, while maintaining its core supervisory objectives over the three-year span.The five key supervisory priorities outlined in the document remain unchanged for 2025: Enhancing the financial sector’s risk management and proactive response systems Promoting competition across the financial sector Supporting financial innovation and the development of supervisory technologies Aligning with international standards Strengthening the supervisory capacity of the National Bank and improving transparency The 2025 edition also includes an action plan detailing the measures and timelines for implementing these priorities, as well as a report evaluating the progress made during 2024.Looking ahead, the National Bank of Georgia is preparing to develop a new Supervisory Strategy for the 2026–2028 period. This process will again involve broad stakeholder engagement to define fresh strategic priorities and actionable goals for the coming years.

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According to the ambassador, the United Kingdom continues to call on Russia to respect the August 2008 ceasefire agreement.“Our support for Georgia’s sovereignty and territorial integrity remains unwavering. This August marks one year since I began my duties as Her Majesty’s Ambassador to Georgia. During this period, I visited the village of Ergneti, which is located near the administrative boundary line with South Ossetia, and also visited the Enguri Bridge, which crosses the Rioni River toward Abkhazia. I had the opportunity to speak directly with people affected by the conflict, with Women Ambassadors for Peace who live in villages near the administrative line, as well as with young people from the Gali region. I witnessed firsthand the impact of the war-divided society on people’s daily lives.For more than 30 years, the United Kingdom has worked with Georgia toward peaceful conflict resolution and preventing escalation. The UK wants to see a successful, united Georgia that can freely choose its security partners. We regret Georgia’s government’s criticism of European efforts to restrain Russian aggression in Ukraine and Europe,” Gareth Ward added.It has been 17 years since the 2008 Russo-Georgian War. On August 7, 2008, separatist forces commenced intense shelling of Georgian villages, prompting a response from Georgian forces. The following day, Russian occupation troops entered the region. As a result of Russia’s military aggression against Georgia, 411 people lost their lives, approximately 130,000 citizens became IDPs in their own country, numerous villages were destroyed, and the city of Gori, along with strategic facilities, were heavily bombed. Russia continues to occupy 20 per cent of Georgia’s territory to this day.

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“We stand in solidarity with the Georgian people and reaffirm our unwavering support for Georgia’s sovereignty and territorial integrity,” reads the statement.It has been 17 years since the 2008 Russo-Georgian War. On August 7, 2008, separatist forces commenced intense shelling of Georgian villages, prompting a response from Georgian forces. The following day, Russian occupation troops entered the region. As a result of Russia’s military aggression against Georgia, 411 people lost their lives, approximately 130,000 citizens became IDPs in their own country, numerous villages were destroyed, and the city of Gori, along with strategic facilities, were heavily bombed. Russia continues to occupy 20 per cent of Georgia’s territory to this day.

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