SOFIX PASSES THE 1,100 MARK

Sopharma (SFA) announced that they will be distributing a dividend of BGN 0.08801 per share. This, together with the previous dividend in July, amounts to a total dividend yield of 6%.

BACB (BACB) – announced that they have received a preliminary approval by the Bulgarian National Bank for their bid to acquire the shares of Tokuda Bank.

Shelly Group (SLYG) announced that the Black Friday campaign was very successful and it compensated from the slowdown from one of the partner networks. Key drivers were the smart locks Shelly LOQED and the radiator thermostats Shelly Pro 3EM. The company is on track to achieve the annual goal of sales between EUR 145mln and 155mln and EBIT between EUR 35mln and 40mln.

Trace Group (T57) – announced the participation in a new project in Romania for a total of EUR 922mln, where they have a 30% share or expected revenue upon completion of EUR 277mln.

Eurohold (EUBG) published their Q3 cons results. The profit from their energy business grew 9.7% to BGN 371mln and that was 97.5% of the gross profit. Net profit more than tripled to BGN 94.6mln.

Telelink Business Services (TBS) published their Q3 cons results. Net sales marked a 52% increase, which led to Net profit went up 135% to BGN 24.9mln.

ü  Retail sales grew by 7.4% YoY in October 2025 from 5.7% in the previous month, marking the highest reading since January. Sales increased at a faster pace for non-food products excluding fuel (12.9% vs 10.6% in September), automotive fuels and lubricants (7.8% vs 4.2%), textiles, clothing, footwear and leather goods (24.0% vs 10.2%), and audio, video, computer and communication equipment (20.8% vs 16.2%). Meanwhile, sales growth eased in non-specialized stores (7.6% vs 11.0%), pharmaceutical and medical goods, cosmetics, and toiletries (10.3% vs 11.7%), and order, telephone, or internet (1.4% vs 5.1%). Moreover, trade declined for food, beverages, and tobacco (-0.2% vs 0.3%).

ü  The Bulgarian economy grew by 3.2% YoY in the third quarter of 2025, matching preliminary estimates but slowing from the 3.4% expansion recorded in the previous three-month period. This marked the slowest pace of growth since the fourth quarter of 2024, reflecting a moderation in final consumption (7.9% vs 8.5% in Q2) amid a sharp slowdown in government spending (2% vs 10.1%), even as household consumption accelerated (9% vs 8.3%). Net external demand also weighed on GDP, as exports of goods and services declined at a faster pace (-5.6% vs -5.4%), while imports of goods and services rose significantly (4.1% vs 0.4%). Meanwhile, gross fixed capital formation edged higher (8.7% vs 8.6%).