SMART ORGANIC Q3 PRELIM REPORT SHOWS 36% SALES GROWTH

Market Overview (13 Oct – 17 Oct)
The main Bulgarian index SOFIX increased this week by 0.04% to 1073.93 points. The broad index BGBX40 decreased this week by 0.39% to 193.74 points and BGREIT increased this week to 228.95 points, up by 0.61%.
Corporate News
Sirma Group (SGH) – announced that they had received an approval by the Financial Supervision Commission for dual listing on the Frankfurt Stock Exchange. They will be allowed on the Prime Standard segment of the FSE, as well as Xetra and Eurobridge on the Bulgarian Stock Exchange.

Wiser Technology (WISR) – announced that the capital raise procedure, which started on 19.09.2025 and finished on 14.10.2025, lead to the capital increasing from BGN 16,426,052 to BGN 19,252,004.

Smart Organic (SO) announced that the GSM on 15.10.2025 made the decision to raise the capital with BGN 25,000 by issuing new shares to employees who have been with the company between 01.01.2023 and 01.07.2025 and have had exceptional contribution to the growth of market share of the company and the establishment of better corporate governance procedures.

Additionally, they announced preliminary figures for their Q3 performance, where revenues reach BGN 30.8mln, which is 36% YoY growth.

Advance Terrafund (ATER) announced performance for 09.2025. Currently the company owns 180,372 daa agricultural land and during the month they bought 566 daa and sold 19 daa land. The collected rent for the 2025-2026 year is 14.3% and for 2024-2025 – 29.7%, for 2023-2024 it is at 91.5%.

Paysera (PAY) – announced that they will get into another line of business- real estate crowdfunding, which would allow small investors to get in the real estate market without committing large investments. It will be open for investors with sums as low as EUR 500 per individual project.

Economic News

ü  Bulgaria’s current account surplus narrowed significantly to €301.6 million in August 2025 from €692.3 million in the corresponding month of the previous year. This was mainly due to a sharp increase in the goods account deficit, which widened to €447.0 million from €184.5 million a year earlier. Additionally, the primary income deficit rose to €381.5 million from €210.5 million. In contrast, the services surplus grew to €1,066.7 million from €1,025.3 million and the secondary income surplus increased to €63.3 million from €62.0 million.

ü  Bulgaria’s annual inflation rate rose to 5.6% in September 2025 from 5.3% in the previous two months. This marked the highest reading since October 2023 as prices increased for alcoholic beverages and tobacco (7.8% vs 7.7% in August), clothing and footwear (0.8% vs 0.5%), housing utilities (8.7% vs 8.5%), communication (5.6% vs 4.8%), recreation and culture (19.1% vs 14.1%), education (9.4% vs 8.1%), restaurants and hotels (10.8% vs 9%), and miscellaneous goods and services (5.2% vs 4.5%). At the same time, costs rebounded for furnishings and household equipment and maintenance (0.7% vs -0.3%). Meanwhile, inflation softened for food and non-alcoholic beverages (6.2% vs 6.9%). On a monthly basis, consumer prices fell by 0.8% in September, reversing a 0.1% rise in the preceding period.

Full report can be downloaded here.