Audit bumped Albena’s 2025 bottom line by BGN 0.2m on various changes (NEUTRAL)
04.05.2026
Source: Albena; FFBH
Audit brought various minor changes in Albena’s 2025 consolidated financials. Revenue was revised upwards by 3.4% compared to the preliminary to BGN 159.2m (+10.2% YoY). However, this increase was mostly offset by upward adjustments in virtually all OPEX elements. The latter was bumped by 2.8% compared to the preliminary to BGN 130.1m (+15.2% YoY). Another notable difference was the increase of tax expense to BGN 847k from BGN 38k in the preliminary. Following all the revisions, the bottom line came at BGN 5.0m. (-31.0% YoY), compared to BGN 4.8m in the preliminary. This translates into EPS of BGN 1.20.
The balance sheet also had quite a few small adjustments, which in combination increased the ending cash and equivalents position of the company to BGN 4.6m from BGN 4.1m in the preliminary.