FIBANK PROFIT JUMPS 69%

ITF Group (ITF) – reported Q3 results. Revenues increased 37% to BGN 25.4mln which lead to Net Profit going up with nearly 50% to BGN 4.1mln.

Telematic Interactive (TIB) published Q3 results. Revenues increase 2.5% to BGN 94.8mln solely due to the push by sportsbetting, while casino games mark a slight decrease. OPEX marks a 7.9% increase and as a result EBIT drops 23.2% to BGN 13.7mln, EBITDA drops 22.5% to BGN 14mln and Net Profit sinks 23.9% to BGN 12mln. The company is still not addressing the foreign markets expansion.

Green Innovation (HYDR) the hydrogen producing systems manufacturer published quarterly results. Revenues increased 74%, which lead to Net Income nearly quadrupling to BGN 1.2mln. Bear in mind, this is in line with expectations when they were getting listed earlier in 2025. The company needed the funds from the listing to finance larger scale production, which would allow them to accept larger projects. It is a, perhaps slightly overpriced company, but having a stable and very focused management, and we will continue to follow their development.

Fibank (FIB) – published Q3 results. Net interest income increased 3.5% to BGN 327mln. Total revenues from banking decreased 1.9% to BGN 400mln due to negative “other net operational revenues”, where the biggest contribution is a negative BGN 86mln from debt instruments, which might be bond issue associated with SG group, which we have covered previously. In the same time, Other revenues increase substantially due to a positive BGN 65mln from reevaluation of investment properties. This, together with the lower reevaluation of assets (BGN 126mln to BGN 141mln last year), led to Net Profit going up 69% to BGN 133mln.

ü  The business confidence indicator fell to 15.5 in October from 18.8 in the previous month. Assessments of the current business situation weakened (17.8 vs 23.7 in September), alongside a deterioration in outlook for both production activity (5.9 vs 10.6) and employment (4.0 vs 4.3) over the next three months. At the same time, expectations for the business situation over the next six months eased (13.2 vs 14.1), while pessimism heightened about the level of orders (-18.5 vs -15).

ü  Producer prices increased by 8.4% YoY in September. This marked the 11th consecutive month of producer inflation, as prices rose sharply in mining and quarrying (22.4% vs 14.4% in August) and manufacturing (11.4% vs 10.2%). On the other hand, costs eased for electricity, gas, steam and air-conditioning supply (10.6% vs 11.9%).

ü  The number of tourist arrivals rose by 3.5% YoYto a four-month low of 1.306 thousand in September 2025, easing from a 6.3% increase in August. Trips increased across all travel purposes, with the majority made for holiday and recreation (46.8%), followed by those with other purposes (43.2%) and professional purposes (10.0%).