Trace Group to list on Frankfurt Stock Exchange

Sirma Group (SIRM) announced 2025 consolidated results, where revenues increased 30.1% to EUR 66.2mln, EBIT quadrupled to EUR 3mln and Net Profit rose over 3x to EUR 1.8mln.

Stara Planina Hold (SPH) announced sales results for January 2026, which confirm that the slow period is entirely behind them. Overall sales increased 12.5%YoY to EUR 12mln led by the big 43% sales growth of Hydraulic Elements & Systems (HES) to EUR 4.1mln and 10% growth at M+S Hydraulic (MSH) to EUR 6.5mln.

Telematic Interactive (TIB) called a GSM on 27.03.2026 from 11:00am EET in “Black and White Club” in Grand Hotel Milenium Sofia, 98B Vitosha Blvd, Sofia to make a decision to distribute a dividend from the accumulated profit. They also announced that they have given their subsidiary CT Gaming EUR 0.5mln to develop mathematical models and gaming graphical elements for 21 games.

Further, the company announced that they have bought 51% of the shares of 7MOJOS for EUR 3mln. The company has developed gaming software for online betting allowing parallel hosting of various games. The software is approved for use in Bulgaria and EU and can facilitate international expansion within EU. We have covered TIB here.

Trace Group (T57) announced that they have made the decision to list on the Frankfurt Stock Exchange as well. They are starting the process to pick a Lead Arranger for it.

Sopharma (SFA) announced that the sales for January 2026 are 37% below those of the same month last year. This was due to a 64% decline on the domestic market and 21% decline on exports.

ü  Bulgaria’s current account deficit widened to EUR 1,409.5 million in December 2025 from EUR 607.6 billion in the same month last year. This was the largest trade deficit since records began in 1998, due to wider deficits in goods (EUR -1,290.9 million vs EUR -723.3 million in December 2024) and primary income (EUR -755.2 million vs EUR -639.4 million). In addition, the services surplus narrowed to EUR 405.0 million from EUR 661.8 million in the previous year. Conversely, the secondary income surplus rose to EUR 231.5 million from EUR 93.2 million a year ago. For 2025 as a whole, Bulgaria’s trade deficit expanded sharply to EUR 6,874.3 million from EUR 1,416.0 million in 2024.