WISER TECHNOLOGY AWARDED FOR AI IMPLEMENTATION AND DEVELOPMENT

Sin Cars Industry (SIN) published their Q2 consolidated earnings report, which look rather gloomy. Revenues have fallen 50% and there are no direct explanations why this is the case. They mention that the existing credit line from the Bulgarian Bank for Development was not renewed and they had to repay it in full, which left them with limited production abilities. It is possible that BBD refused renewal because they feared the mid and long-term prospects of the company. Further issues include a decrease in inventory (8%) and decrease in personnel expense (30%), both of which suggest decreasing business.

Paysera (PAY) announced their Q2 results. The number of registered clients has grown with 15.22% for people and 8.23% for companies. Yet, net revenues increased 11.3% to BGN 2.2mln. OPEX grew 26.4% to BGN 2.7mln and this deepened the loss from last year to BGN 0.4mln. The growth of business suggests that Paysera will be faced with the problem to reach the necessary scale, but so far it is not clear if the company is growing fast enough. The existing cash will be able to cover between 0.5 and 1 year of operations of such loss and the management will need to look for funding – debt or equity.

Shelly Group (SLYG) – announced that they have appointed Twan Huisman as Regional Manager Benelux due to his extensive international sales experience from his previous role as Head of Sales at Athom B.V., where he was involved with the Homey smart home platform. This reinforces the trend that the company looks for very strong sales hires to lead their important markets.

ü  The industry business confidence indicator rose to 18.8 in September 2025 from 18.3 in August. The increase was driven by stronger assessments of the current business situation (23.7 vs 20.2 in August) and improved expectations for production activity over the next three months (10.6 vs 9.3). Entrepreneurs also reported slightly less pessimism regarding new orders (-15.0 vs -15.8). Conversely, expectations for the business situation over the next six months eased (14.1 vs 16.4), while employment expectations softened (4.3 vs 6.1). Despite the overall improvement, the sector continues to face constraints from an uncertain economic environment (40.9% vs 44.5%) and labor shortages (36.6% vs 34.7%).

ü  Producer prices rose by 7.9% YoY in August, easing from an 8.6% advance in the previous month. The slowdown was mainly due to softer price increases for mining and quarrying (14.4% vs 25.4% in July) and electricity, gas, steam and air-conditioning supply (11.9% vs 21.5%). On the other hand, producer inflation grew further for manufacturing (10.2% vs 8.3%).