The audit slashed Albena’s profit by BGN 0.4m on minor adjustments (NEUTRAL)
31.03.2026
Source: Albena; FFBH
Albena's audit of the individual financial statements led to some minor changes. 2025 revenue was revised upwards BGN 116.8m (+13.8% YoY; +1.6% compared to the preliminary). OPEX was also adjusted upwards (BGN 95.7m, compared to BGN 94.1m in the preliminary) as other OPEX and cost of hired services were increased. The geographical breakdown of revenue revealed that the domestic market expanded to BGN 35.5m (+24.4% YoY), while Romania shrank to BGN 24.5m (-2.2% YoY). Germany is occupying the third place with sales of BGN 20.8m (+84.0% YoY). Further down the income statement, following other minor adjustments, net income for the year came at BGN 5.3m (EPS of BGN 1.26), compared to BGN 5.3m in 2024 and BGN 5.7m in the preliminary.