SOFIX RISES PAST 980 LEVELS

Gradus AD (GR6) published their Q1 2025 consolidated results. Sales of produce increased 5.4% to BGN 39mln. Sales of materials increased 40% to BGN 4mln, but Other sales dropped from BGN 4.4mln to 0.4mln, which drove total revenues down by 2.3%. OPEX, however, marked a significant hike of BGN 13.7mln to BGN 45.9mln. The biggest contributors were devaluation of assets (BGN 5.5mln), provisions (BGN 4.5mln) and materials expense (BGN 3.5mln). This lead to Net Profit of BGN 14.2mln turning into a Loss of BGN 1.5mln. The company has chosen not to disclose notes to the financial statements and explanations for their economic activity at this point.

Advance Terrafund (ATER) posted a dividend for 2024 in the amount of BGN 0.095 gross or 3.177% dividend yield.

BREF (BREF) announced they have reached an agreement with one of their tenants Canadian Bear OOD, a private school, to steadily increase the rented areas in the future, with the agreement reaching 15.09.2033. With that, occupancy rate of Kambani Green Offices would reach 79.9%

MFG Invest (MFG) announced that one of their investments, Native Spaces, a platform for event management for prime spaces predominantly on the French Riviera, have decided to attract another EUR 2mln as SAFE instruments.

Telelink Business Services (TBS) announced that they have reached an agreement for the acquisition of 70% of the shares of Actual I.T. d.d., a Slovenian company specialized in services associated with IT infrastructure, ERP solutions and the implementation of sector-oriented business solutions. The company is valued at EUR 22.5mln, so 70% should be ca. EUR 15.75mln, but the sum will be adjusted according to the financials and the performance at the last month before the deal completion and the fulfillment of the requirements for working capital as of the date of the execution.

ü  The current account deficit was €776.2 mln in March 2025, sharply widening from €142.2 mln in the same month a year earlier. This marks the largest monthly shortfall since December 2008, mainly driven by a significant increase in the goods trade deficit, which rose to €819.2 mln from €257.9 mln in March 2024. At the same time, the primary income deficit widened to €523.2 mln from €437.2 mln, while the services surplus narrowed to €458.7 mln from €497.9 mln. On a positive note, the secondary income surplus—which includes remittances and other current transfers—increased to €107.5 mln from €55.1 mln, offering some partial offset to the overall shortfall.