Market Overview (22 Dec – 26 Dec) The main Bulgarian index SOFIX increased this week by 0.69% to 1156.43 points. The broad index BGBX40 increased this week […]
Shelly Group Announces Strong H1 2025 Financial Results
| Market Overview (11 Aug – 15 Aug) | |
| The main Bulgarian index SOFIX increased this week by 0.40% to 1053.95 points. The broad index BGBX40 increased this week by 0.28% to 192.85 points. BGREIT decreased by 1.36% this trading week to 230.81 points. | |
| Corporate News | |
| Shelly Group (SLYG) has announced its consolidated financial results for the first half of 2025, highlighting a period of significant growth and strategic expansion. The company reported a total revenue of EUR 54 million, marking a robust 29.3% YoY increase. Operating profit grew by 12.2% YoY to EUR 12.2 million, while the operating margin slightly decreased to 22.6%, influenced by foreign exchange rates. Net profit reached EUR 10.2 million, an increase of 10.1% YoY. The company continued to expand its distribution channels and geographical presence. It also broadened its product and service portfolio and increased sales to professional users. Cash flow from operations (CFO) showed a significant improvement, reaching EUR 6.2 million, thanks to optimized working capital. Management has confirmed its financial guidance for the full year 2025. The company is targeting full-year revenues between EUR 145 million and EUR 155 million. Furthermore, consolidated EBIT is forecasted to reach up to EUR 40 million, a substantial increase from EUR 25.7 million in 2024. This positive outlook is supported by a strengthening market position and a growing professional user base.
Fibank (FIB) has successfully completed a EUR 50 million private bond offering. The bonds were structured to meet MREL (Minimum Requirement for own funds and Eligible Liabilities) requirements, strengthening the bank’s financial position. The bonds have a four-year term and an annual interest rate of 7%. The bank has a call option, which can be exercised at its discretion anytime after the third anniversary of the issuance. Fibank plans to use the capital raised to support its strategic goal of expanding lending to small and medium-sized enterprises (SMEs) and individuals. Advance Terrafund REIT (ATER) made some changes to its land portfolio in July 2025. The company purchased 450 decares of land but sold 598 decares, resulting in a slight decrease of its total portfolio to 179,541 decares. The company did not disclose the prices for these transactions. The expected revenue for the 2024-2025 agricultural year is BGN 9.006 million, which is a 6% decrease from the previous year. So far, 29% of this revenue has been collected. Currently, the fund has leased out 151,882 decares, which is 86.9% of its rentable land. The average rental price is BGN 59.30 per decare, a 7.8% decrease compared to the previous year..
ü Bulgaria’s Jul’25 harmonised consumer price index /HICP/ increased by 1.4% MoM (+3.4% YoY). The inflation since the beginning of the year amounted to 3.2%, while the average annual HICP for the last 12 months stood at 2.8%. Prices of food and non-alcoholic drinks, which have the largest weight in the index, registered a 0.3% increase on a monthly basis (+7.7% YoY) followed by transport prices increase of 1.5% (-2.4% YoY). At the same time, restaurants and hotels group was up by 5.7% (+6% YoY), while communication prices rose by 2% MoM (+4.1% YoY). ü According to data from the Employment Agency, the unemployment rate increased by 0.2% from a month ago to 5.3% in Jul’25. The number of unemployed stood at 150.1k (+4.1% MoM) for the month, while the number of people who started working amounted to 7.2k (-47.2% MoM). The new job openings in the primary labour market amounted to 8.1k (-5% MoM). |
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