<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<ReportingInfo version="1.0">
	<fromDate>2026-01-01</fromDate>
	<toDate>2026-03-31</toDate>
	<createDate>2026-05-20</createDate>
	<personName>БЪЛГАРСКА ХОЛДИНГОВА КОМПАНИЯ АД</personName>
	<persontype>Публично дружество</persontype>
	<eik>121576032</eik>
	<represents>Цвета Бакърджиева и Георги Богданов</represents>
	<representsType>заедно и поотделно</representsType>
	<addressMain>гр.София ул.Незабравка 25</addressMain>
	<addressCorrespondence>гр.София ул.Незабравка 25</addressCorrespondence>
	<telephone>+35929712391</telephone>
	<email>bhc@bhc-bg.com</email>
	<website>www.bhc-bg.com</website>
	<media>Инвестор БГ АД</media>
	<creator>Милчо Кълчишков</creator>
	<position>гл.счетоводител</position>
	<balance>
		<current>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<lands>1896</lands>
						<buildings>6460</buildings>
						<machines>909</machines>
						<vehicles>76</vehicles>
						<businessInventory>333</businessInventory>
						<acqLiqTangibleAssets>1621</acqLiqTangibleAssets>
					</propertiesEquipment>
					<investProperties>504</investProperties>
					<intangibleAssets>
						<softwareProducts>5</softwareProducts>
					</intangibleAssets>
					<commercialReputation/>
					<finAssets>
						<investIn>
							<associatedEnterprises>5670</associatedEnterprises>
						</investIn>
						<heldToMaturity>
							<governmentSecurities>2291</governmentSecurities>
						</heldToMaturity>
						<others>304</others>
					</finAssets>
					<tradeReceivables>
						<affiliatedCompanies>128</affiliatedCompanies>
					</tradeReceivables>
				</nonCurrentAssets>
				<currentAssets>
					<inventories>
						<materials>418</materials>
						<production>41</production>
						<goods>94</goods>
						<workInProgress>25</workInProgress>
					</inventories>
					<tradeReceivables>
						<receivablesAffiliatedCompanies>294</receivablesAffiliatedCompanies>
						<receivablesCustomersSuppliers>588</receivablesCustomersSuppliers>
						<others>486</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading>
							<others>1710</others>
						</finAssetsKeptForTrading>
						<others>756</others>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsCash>53</finAssetsCash>
						<finAssetsTimeDeposits>2694</finAssetsTimeDeposits>
						<blockedFunds>20</blockedFunds>
					</cashAndCashEquivalents>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>3358</registeredContributedCapital>
					</capitalStock>
					<reserves>
						<premReserves>3787</premReserves>
						<subsequentValuationAssetsReserve>-286</subsequentValuationAssetsReserve>
						<targetReserve>
							<generalReserves>621</generalReserves>
							<otherReserves>6312</otherReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>5898</retainedEarnings>
						</accumulatedProfit>
						<currentLoss>-235</currentLoss>
					</finResult>
				</equity>
				<minorityParticipation>4873</minorityParticipation>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<relatedEnterprises>460</relatedEnterprises>
					</commercialOtherObligations>
					<deferredTaxLiabilities>657</deferredTaxLiabilities>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<currentObligations>
							<obligationsRelatedEnterprises>778</obligationsRelatedEnterprises>
							<obligationsSuppliersCustomers>203</obligationsSuppliersCustomers>
							<dutiesStaff>361</dutiesStaff>
							<obligationsInsuranceCompanies>121</obligationsInsuranceCompanies>
							<taxObligations>178</taxObligations>
						</currentObligations>
						<others>290</others>
					</commercialOtherObligations>
				</currentLiabilities>
			</passives>
		</current>
		<previous>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<lands>1896</lands>
						<buildings>6536</buildings>
						<machines>831</machines>
						<vehicles>84</vehicles>
						<businessInventory>349</businessInventory>
						<acqLiqTangibleAssets>1046</acqLiqTangibleAssets>
					</propertiesEquipment>
					<investProperties>479</investProperties>
					<intangibleAssets>
						<softwareProducts>7</softwareProducts>
					</intangibleAssets>
					<commercialReputation/>
					<finAssets>
						<investIn>
							<associatedEnterprises>5685</associatedEnterprises>
						</investIn>
						<heldToMaturity>
							<governmentSecurities>1248</governmentSecurities>
							<bonds>850</bonds>
						</heldToMaturity>
						<others>304</others>
					</finAssets>
					<tradeReceivables>
						<affiliatedCompanies>131</affiliatedCompanies>
					</tradeReceivables>
				</nonCurrentAssets>
				<currentAssets>
					<inventories>
						<materials>224</materials>
						<production>40</production>
						<goods>99</goods>
						<workInProgress>25</workInProgress>
					</inventories>
					<tradeReceivables>
						<receivablesAffiliatedCompanies>278</receivablesAffiliatedCompanies>
						<receivablesCustomersSuppliers>304</receivablesCustomersSuppliers>
						<others>378</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading>
							<others>1710</others>
						</finAssetsKeptForTrading>
						<others>756</others>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsCash>62</finAssetsCash>
						<finAssetsTimeDeposits>4643</finAssetsTimeDeposits>
						<blockedFunds>20</blockedFunds>
					</cashAndCashEquivalents>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>3366</registeredContributedCapital>
					</capitalStock>
					<reserves>
						<premReserves>3787</premReserves>
						<subsequentValuationAssetsReserve>-297</subsequentValuationAssetsReserve>
						<targetReserve>
							<generalReserves>621</generalReserves>
							<otherReserves>6312</otherReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>4938</retainedEarnings>
						</accumulatedProfit>
						<currentProfit>952</currentProfit>
					</finResult>
				</equity>
				<minorityParticipation>5148</minorityParticipation>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<relatedEnterprises>461</relatedEnterprises>
					</commercialOtherObligations>
					<deferredTaxLiabilities>658</deferredTaxLiabilities>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<currentObligations>
							<obligationsRelatedEnterprises>772</obligationsRelatedEnterprises>
							<obligationsSuppliersCustomers>298</obligationsSuppliersCustomers>
							<dutiesStaff>368</dutiesStaff>
							<obligationsInsuranceCompanies>76</obligationsInsuranceCompanies>
							<taxObligations>136</taxObligations>
						</currentObligations>
						<others>389</others>
					</commercialOtherObligations>
				</currentLiabilities>
			</passives>
		</previous>
	</balance>
	<incomes>
		<current>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costOfMaterials>307</costOfMaterials>
						<costsForExternalServices>351</costsForExternalServices>
						<depreciationExpenses>160</depreciationExpenses>
						<remunerationExpenses>1370</remunerationExpenses>
						<insuranceCosts>310</insuranceCosts>
						<balanceValueOfSoldAssets>179</balanceValueOfSoldAssets>
						<changeInInventoriesOfProductionAndWorkInProgress>-4</changeInInventoriesOfProductionAndWorkInProgress>
						<others>27</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>9</interestExpense>
						<others>14</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes>
					<expenseOfDeferredCorporateIncomeTaxes>-2</expenseOfDeferredCorporateIncomeTaxes>
				</profitBeforeTaxes>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<production>143</production>
						<goods>402</goods>
						<services>1392</services>
						<others>240</others>
					</netRevenueFromSales>
					<financialIncome>
						<interestIncome>24</interestIncome>
						<positiveDifferencesFromExchangeRateChanges>25</positiveDifferencesFromExchangeRateChanges>
					</financialIncome>
				</activityIncome>
				<activityLoss>
					<shareOfLossOfAssociatesAndJointVentures>15</shareOfLossOfAssociatesAndJointVentures>
				</activityLoss>
				<lossAfterTax>
					<forMinorityParticipation>275</forMinorityParticipation>
				</lossAfterTax>
			</income>
		</current>
		<previous>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costOfMaterials>295</costOfMaterials>
						<costsForExternalServices>398</costsForExternalServices>
						<depreciationExpenses>159</depreciationExpenses>
						<remunerationExpenses>1330</remunerationExpenses>
						<insuranceCosts>254</insuranceCosts>
						<balanceValueOfSoldAssets>208</balanceValueOfSoldAssets>
						<changeInInventoriesOfProductionAndWorkInProgress>-3</changeInInventoriesOfProductionAndWorkInProgress>
						<others>15</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>8</interestExpense>
						<negativeDifferencesFromChangesInExchangeRates>48</negativeDifferencesFromChangesInExchangeRates>
						<others>7</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes>
					<expenseOfDeferredCorporateIncomeTaxes>-2</expenseOfDeferredCorporateIncomeTaxes>
				</profitBeforeTaxes>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<production>118</production>
						<goods>556</goods>
						<services>1510</services>
						<others>184</others>
					</netRevenueFromSales>
					<incomeFromFinancing>43</incomeFromFinancing>
					<financialIncome>
						<interestIncome>28</interestIncome>
					</financialIncome>
				</activityIncome>
				<activityLoss>
					<shareOfLossOfAssociatesAndJointVentures>21</shareOfLossOfAssociatesAndJointVentures>
				</activityLoss>
				<lossAfterTax>
					<forMinorityParticipation>146</forMinorityParticipation>
				</lossAfterTax>
			</income>
		</previous>
	</incomes>
	<cashFlows>
		<current>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>2386</receiptsFromCustomers>
				<paymentsToSuppliers>-1644</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-1439</paymentsRelatedToRemuneration>
				<exchangeRateDifferences>7</exchangeRateDifferences>
				<otherReceiptsPaymentsFromOperationalActivity>-170</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<purchaseOfFixedAssets>-956</purchaseOfFixedAssets>
				<loansGranted>3</loansGranted>
				<receivedInterestOnLoansGranted>2</receivedInterestOnLoansGranted>
				<purchaseOfInvestments>-1025</purchaseOfInvestments>
				<otherReceiptsPaymentsFromInvestmentActivity>878</otherReceiptsPaymentsFromInvestmentActivity>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity/>
			<cashFlowsPeriodStart>4725</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>2747</availabilityInCashAndBank>
				<blockedFunds>20</blockedFunds>
			</cashFlowsPeriodEnd>
		</current>
		<previous>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>2693</receiptsFromCustomers>
				<paymentsToSuppliers>-1354</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-1464</paymentsRelatedToRemuneration>
				<exchangeRateDifferences>-7</exchangeRateDifferences>
				<otherReceiptsPaymentsFromOperationalActivity>-126</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<purchaseOfFixedAssets>-142</purchaseOfFixedAssets>
				<proceedsFromTheSaleOfFixedAssets>107</proceedsFromTheSaleOfFixedAssets>
				<loansGranted>124</loansGranted>
				<receivedInterestOnLoansGranted>2</receivedInterestOnLoansGranted>
				<otherReceiptsPaymentsFromInvestmentActivity>51</otherReceiptsPaymentsFromInvestmentActivity>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<otherReceiptsPaymentsFromFinancialActivity>-51</otherReceiptsPaymentsFromFinancialActivity>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>3590</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>3403</availabilityInCashAndBank>
				<blockedFunds>20</blockedFunds>
			</cashFlowsPeriodEnd>
		</previous>
	</cashFlows>
	<capital>
		<capitalStock>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<otherAmendments>-8</otherAmendments>
		</capitalStock>
		<premiumReserve>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</premiumReserve>
		<reserveFromSubsequentValuations>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments>
				<increases>11</increases>
			</subsequentValuationsOfFinancialAssetsAndInstruments>
		</reserveFromSubsequentValuations>
		<generalTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</generalTargetReserves>
		<specializedTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</specializedTargetReserves>
		<otherTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<balanceAtTheBeginningOfTheReportingPeriod>6312</balanceAtTheBeginningOfTheReportingPeriod>
		</otherTargetReserves>
		<accumulatedProfit>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<otherAmendments>8</otherAmendments>
		</accumulatedProfit>
		<accumulatedLoss>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</accumulatedLoss>
		<transReserve>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</transReserve>
		<minorityParticipation>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<netProfitLossForThePeriod>-275</netProfitLossForThePeriod>
		</minorityParticipation>
	</capital>
</ReportingInfo>