DRONAMICS ANNOUNCED COOPERATION WITH KAWASAKI MOTORS

ITF Group (ITF) announced results for H1 2025, where the net portfolio increased 22% and the new clients per month increased 23%. The loaned amounts reached BGN 62mln, revenues BGN 16mln, EBITDA 4.8mln. Additionally, they announced a third bond issue for 2025, this one for EUR 8mln at 13% p.a. interest for the duration of 7 yrs 2 months.

Advance Terrafund (ATER) announced results for August 2025. Currently they own 179,825 daa agricultural land. In the month of August they’ve bought 330 daa and sold 46 daa land. The collected rent for 2024-2025 year stands at 29.6% of BGN 9,018,680, while for 2023-2024 it is 91.5%.

Wiser Technology (WISR) announced that the increase of the capital via IPO issue mentioned in the bulletin last week has been accepted by the Bulgarian Stock Exchange.

Bulgarian Rose (ROZA) announced that the sales for August have reached BGN 3.2mln and expecting to surpass BGN 3.5mln in September.

Eurohold Bulgaria (EUBG) Eurohold’s investment intermediary, TBI Bank announced that they are issuing Eurohold’s corporate bonds for a total amount of EUR 40 mln, semi-annual interest payment at 3.2% p.a. and maturity on 08.03.2029 when the principal is paid in full. The purpose of the borrowed funds is to cover maturing liabilities, increase the shareholder capital of a subsidiary and provide a loan to a subsidiary or a subsidiary of a subsidiary. Considering the interest level (noticeably below market levels), TBI Bank is likely to be using this approach to bypass banking regulations.

ü  The annual inflation rate rose to 5.3% in August, and still at its highest level since November 2023. Prices accelerated for alcoholic beverages and tobacco (7.7% vs 7.6% in July), housing utilities (8.5% vs 8.4%), communication (4.8% vs 4.1%), education (8.1% vs 7.9%), and restaurants and hotels (9.0% vs 8.3%). Additionally, prices declined at a softer pace for (-1.5% vs -1.9%) and furnishings and household equipment and maintenance (-0.3% vs -0.7%). Meanwhile, inflation softened for recreation and culture (14.1% vs 14.5%), food and non-alcoholic beverages (6.9% vs 7.6%). On a monthly basis, consumer prices rose 0.1% in August, slowing from 1.7% rise in the previous month.

ü  The current account surplus narrowed significantly to €43.1 million in July 2025 from €432.6 million in the corresponding month of the previous year. This was primarily due to a sharp increase in the goods account deficit, which widened to €652.2 million from €120.4 million a year earlier. Meanwhile, the primary income deficit narrowed to €410.3 million from €454.2 million and the secondary income surplus rose to €148.4 million from €92.5 million. Additionally, the services surplus grew to €957.1 million from €914.7 million.