Shelly confirms annual sales targets

Advance Terrafund (ATER) announced December results. As of the end of the year, the company owns 181,859 daa. In December they bought 808 daa and sold 11 daa of agricultural land. Collected rent stands at 18.5% for the 2025-26 year and 78% for the 2024-25 year.

Shelly Group (SLYG) announced that according to prelim results, they have achieved sales of ca. EUR 149.7mln, which shows that they have reached the year-end revenue target of EUR 145mln and 155mln. Additionally, they announced that the EBIT target was reached as well but did not provide specific figures. The sales target for 2026 remains EUR 200mln.

Bulgarian American Credit Bank (BACB) announced that they have acquired 100% of the capital of Tokuda Bank after they received the approval by the Bulgarian National Bank and the Competition Regulation Commission. Tokuda’s operations will be fully merged into those of BACB.

ITF Group (ITF) announced that they have borrowed EUR 5mln from InecoBank CJSC at 11% p.a. and maturity of 4yrs. The funds will be used to increase the credit portfolio.

ü  Bulgaria’s annual inflation rate eased to 5% in December 2025 from 5.2% in November. This marked the lowest inflation rate since June due to softer price increases for housing and utilities (7.6% vs 8% in November), transport (0.5% vs 1.1%), recreation and culture (14.3% vs 18.4%), restaurants and hotels (9.8% vs 10.2%), miscellaneous goods and services (4.9% vs 5.6%), and communication (2.6% vs 3.9%). Additionally, costs for health continued to fall (-4.7% vs -4.5%). Meanwhile, prices increased for food and non-alcoholic beverages (5.6% vs 5%), furnishings, household equipment and routine household maintenance (1.2% vs 1%), and alcoholic beverages and tobacco (7.5% vs 7.2%). On a monthly basis, consumer prices edged up by 0.1%, following a 0.5% rise in the prior month.

ü  Bulgaria’s trade deficit widened to a new all-time high of BGN 2,541.5 million in November 2025 from BGN 1,779.4 million in the corresponding month of the previous year, as exports declined, while imports increased. Year-on-year, exports dropped by 4% to BGN 6.971.8 million, dragged down by lower shipments to both EU (-3.1%) and non-EU countries (-5.8%). Meanwhile, imports grew by 5.2% to BGN 9,513.3 million, with arrivals increasing from both EU (0.6%) and non-EU countries (12.4%). Considering the January to November period, the country’s trade shortfall expanded to BGN 18,801.5 million in the same month a year earlier, as exports fell by 3.7%, while imports advanced by 5.1%.