SOFIX SMASHES THROUGH 1000 POINTS

Sopharma Properties REIT (SFI) announced that they’ll distribute a dividend in the amount of BGN 0.37 per share or 4.38% div yield.

Stara Planina Hold (SPH) announced they’ll distributing a dividend in the amount of BGN 0.31579 per share or 3.47% div yield.

Shelly Group (SLYG) announced that they’ve reached an agreement for further investments in production by their main supplier in China, which will allow to the current level of 800,000 units per month to be nearly doubled to 1,500,000 units per month in H2 2025. The additional increased to 2,000,000 units per months is planned for 2026.

Additionally, they’ll be distributing a dividend in the amount of EUR 0.13 per share or 0.26% div yield.

Elana Agrocredit (EAC) announced a dividend for 2024 in the amount of BGN 0.0595056818 or 5.49% dividend yield.

EMKA (EMKA) announced a dividend for 2024 in the amount of BGN 0.0595056818 per share or 4.17% dividend yield.

Sopharma AD (SFA) published Q1 results with revenues increasing 25% to BGN 644mln. EBIT increased 27.4% to BGN 40.7mln and Net Profit jumped 40% to BGN 43.9mln.

ü  Bulgaria’s economy expanded by 3.1% year-on-year in the first quarter of 2025, confirming preliminary estimates and easing slightly from a two-year high of 3.4% in the previous quarter. The slowdown was largely driven by a negative contribution from net trade, as exports declined further (-3.2% vs. -1.7% in Q4), while imports rose at a faster pace (4.6% vs. 2.2%). Meanwhile, domestic demand showed stronger momentum, with final consumption growth accelerating to 7.2% from 5.8% in Q4, reflecting resilient household and government spending. Gross fixed capital formation also improved markedly, rising by 7.9% compared to 1.4% previously. On a quarterly basis, the economy expanded by 0.6%, easing from the 0.9% growth recorded in the previous three-month period.

ü  Retail sales in Bulgaria rose 2.4% year-on-year in April 2025, slowing from a 5.4% increase in the previous month. The deceleration was due to weaker growth in both food, beverages, and tobacco sales (0.1% vs 0.5% in March), and non-food products including fuel (4% vs 8.3%). Within non-food items, sales growth notably slowed for textiles, clothing, and footwear (6.3% vs 10.3%), as well as audio and video equipment (6.7% vs 10.7%). Meanwhile, trade declined for computers, peripheral units, and software (-4.2% vs 11.6%). On a monthly basis, retail sales rose 0.6%, easing from an upwardly revised 1.4% gain in March.