<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<ReportingInfo version="1.0">
	<fromDate>2025-01-01</fromDate>
	<toDate>2025-12-31</toDate>
	<createDate>2026-02-23</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>главен счетоводител</position>
	<balance>
		<current>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<lands>3709</lands>
						<buildings>12783</buildings>
						<machines>1614</machines>
						<vehicles>164</vehicles>
						<businessInventory>693</businessInventory>
						<acqLiqTangibleAssets>2037</acqLiqTangibleAssets>
					</propertiesEquipment>
					<investProperties>937</investProperties>
					<intangibleAssets>
						<softwareProducts>13</softwareProducts>
					</intangibleAssets>
					<commercialReputation/>
					<finAssets>
						<investIn>
							<associatedEnterprises>11116</associatedEnterprises>
						</investIn>
						<heldToMaturity>
							<governmentSecurities>2440</governmentSecurities>
							<bonds>1663</bonds>
						</heldToMaturity>
						<others>596</others>
					</finAssets>
					<tradeReceivables>
						<affiliatedCompanies>257</affiliatedCompanies>
					</tradeReceivables>
				</nonCurrentAssets>
				<currentAssets>
					<inventories>
						<materials>438</materials>
						<production>78</production>
						<goods>194</goods>
						<workInProgress>49</workInProgress>
					</inventories>
					<tradeReceivables>
						<receivablesAffiliatedCompanies>542</receivablesAffiliatedCompanies>
						<receivablesCustomersSuppliers>739</receivablesCustomersSuppliers>
						<others>656</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading>
							<others>3344</others>
						</finAssetsKeptForTrading>
						<others>1479</others>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsCash>121</finAssetsCash>
						<finAssetsTimeDeposits>9084</finAssetsTimeDeposits>
						<blockedFunds>38</blockedFunds>
					</cashAndCashEquivalents>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>6584</registeredContributedCapital>
					</capitalStock>
					<reserves>
						<premReserves>7407</premReserves>
						<subsequentValuationAssetsReserve>-581</subsequentValuationAssetsReserve>
						<targetReserve>
							<generalReserves>1215</generalReserves>
							<otherReserves>12344</otherReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>9658</retainedEarnings>
						</accumulatedProfit>
						<currentProfit>1905</currentProfit>
					</finResult>
				</equity>
				<minorityParticipation>10128</minorityParticipation>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<relatedEnterprises>600</relatedEnterprises>
					</commercialOtherObligations>
					<deferredTaxLiabilities>1291</deferredTaxLiabilities>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<currentObligations>
							<obligationsRelatedEnterprises>1799</obligationsRelatedEnterprises>
							<obligationsSuppliersCustomers>780</obligationsSuppliersCustomers>
							<dutiesStaff>716</dutiesStaff>
							<obligationsInsuranceCompanies>149</obligationsInsuranceCompanies>
							<taxObligations>265</taxObligations>
						</currentObligations>
						<others>524</others>
					</commercialOtherObligations>
				</currentLiabilities>
			</passives>
		</current>
		<previous>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<lands>3709</lands>
						<buildings>13430</buildings>
						<machines>1471</machines>
						<vehicles>161</vehicles>
						<businessInventory>764</businessInventory>
						<acqLiqTangibleAssets>914</acqLiqTangibleAssets>
					</propertiesEquipment>
					<investProperties>1636</investProperties>
					<intangibleAssets>
						<softwareProducts>10</softwareProducts>
					</intangibleAssets>
					<commercialReputation/>
					<finAssets>
						<investIn>
							<associatedEnterprises>11269</associatedEnterprises>
						</investIn>
						<heldToMaturity>
							<governmentSecurities>410</governmentSecurities>
							<bonds>1880</bonds>
						</heldToMaturity>
						<others>596</others>
					</finAssets>
					<tradeReceivables>
						<affiliatedCompanies>269</affiliatedCompanies>
					</tradeReceivables>
				</nonCurrentAssets>
				<currentAssets>
					<inventories>
						<materials>238</materials>
						<production>80</production>
						<goods>195</goods>
						<workInProgress>42</workInProgress>
					</inventories>
					<tradeReceivables>
						<receivablesAffiliatedCompanies>524</receivablesAffiliatedCompanies>
						<receivablesCustomersSuppliers>357</receivablesCustomersSuppliers>
						<others>466</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading>
							<debtSecurities>1991</debtSecurities>
							<others>3344</others>
						</finAssetsKeptForTrading>
						<others>1377</others>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsCash>104</finAssetsCash>
						<finAssetsTimeDeposits>6881</finAssetsTimeDeposits>
						<blockedFunds>38</blockedFunds>
					</cashAndCashEquivalents>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>6584</registeredContributedCapital>
					</capitalStock>
					<reserves>
						<premReserves>7407</premReserves>
						<subsequentValuationAssetsReserve>-565</subsequentValuationAssetsReserve>
						<targetReserve>
							<generalReserves>1215</generalReserves>
							<otherReserves>12344</otherReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>9837</retainedEarnings>
						</accumulatedProfit>
						<currentLoss>-179</currentLoss>
					</finResult>
				</equity>
				<minorityParticipation>10009</minorityParticipation>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<relatedEnterprises>600</relatedEnterprises>
					</commercialOtherObligations>
					<deferredTaxLiabilities>1262</deferredTaxLiabilities>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<currentObligations>
							<obligationsRelatedEnterprises>1512</obligationsRelatedEnterprises>
							<obligationsSuppliersCustomers>574</obligationsSuppliersCustomers>
							<dutiesStaff>702</dutiesStaff>
							<obligationsInsuranceCompanies>146</obligationsInsuranceCompanies>
							<taxObligations>173</taxObligations>
						</currentObligations>
						<others>535</others>
					</commercialOtherObligations>
				</currentLiabilities>
			</passives>
		</previous>
	</balance>
	<incomes>
		<current>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costOfMaterials>2037</costOfMaterials>
						<costsForExternalServices>3158</costsForExternalServices>
						<depreciationExpenses>1267</depreciationExpenses>
						<remunerationExpenses>10370</remunerationExpenses>
						<insuranceCosts>2416</insuranceCosts>
						<balanceValueOfSoldAssets>3378</balanceValueOfSoldAssets>
						<changeInInventoriesOfProductionAndWorkInProgress>-27</changeInInventoriesOfProductionAndWorkInProgress>
						<others>244</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>64</interestExpense>
						<negativeDifferencesFromChangesInExchangeRates>285</negativeDifferencesFromChangesInExchangeRates>
						<others>102</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes>
					<expensesForCurrentCorporateIncomeTaxes>359</expensesForCurrentCorporateIncomeTaxes>
					<expenseOfDeferredCorporateIncomeTaxes>42</expenseOfDeferredCorporateIncomeTaxes>
				</profitBeforeTaxes>
				<profitAfterTaxes>
					<forMinorityParticipation>119</forMinorityParticipation>
				</profitAfterTaxes>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<production>1126</production>
						<goods>5423</goods>
						<services>11742</services>
						<others>7291</others>
					</netRevenueFromSales>
					<incomeFromFinancing>83</incomeFromFinancing>
					<financialIncome>
						<interestIncome>207</interestIncome>
					</financialIncome>
				</activityIncome>
				<activityLoss>
					<shareOfLossOfAssociatesAndJointVentures>153</shareOfLossOfAssociatesAndJointVentures>
				</activityLoss>
				<lossAfterTax/>
			</income>
		</current>
		<previous>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costOfMaterials>2482</costOfMaterials>
						<costsForExternalServices>2926</costsForExternalServices>
						<depreciationExpenses>1274</depreciationExpenses>
						<remunerationExpenses>10015</remunerationExpenses>
						<insuranceCosts>1909</insuranceCosts>
						<balanceValueOfSoldAssets>1905</balanceValueOfSoldAssets>
						<changeInInventoriesOfProductionAndWorkInProgress>-37</changeInInventoriesOfProductionAndWorkInProgress>
						<others>245</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>39</interestExpense>
						<others>94</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes>
					<expensesForCurrentCorporateIncomeTaxes>49</expensesForCurrentCorporateIncomeTaxes>
					<expenseOfDeferredCorporateIncomeTaxes>-17</expenseOfDeferredCorporateIncomeTaxes>
				</profitBeforeTaxes>
				<profitAfterTaxes>
					<forMinorityParticipation>87</forMinorityParticipation>
				</profitAfterTaxes>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<production>1215</production>
						<goods>5198</goods>
						<services>12596</services>
						<others>1298</others>
					</netRevenueFromSales>
					<incomeFromFinancing>116</incomeFromFinancing>
					<financialIncome>
						<interestIncome>221</interestIncome>
						<positiveDifferencesFromExchangeRateChanges>148</positiveDifferencesFromExchangeRateChanges>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax/>
			</income>
		</previous>
	</incomes>
	<cashFlows>
		<current>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>22276</receiptsFromCustomers>
				<paymentsToSuppliers>-9591</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-11863</paymentsRelatedToRemuneration>
				<exchangeRateDifferences>-65</exchangeRateDifferences>
				<otherReceiptsPaymentsFromOperationalActivity>-2145</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<purchaseOfFixedAssets>-3924</purchaseOfFixedAssets>
				<proceedsFromTheSaleOfFixedAssets>5227</proceedsFromTheSaleOfFixedAssets>
				<receivedInterestOnLoansGranted>15</receivedInterestOnLoansGranted>
				<otherReceiptsPaymentsFromInvestmentActivity>2136</otherReceiptsPaymentsFromInvestmentActivity>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<proceedsFromLoans>254</proceedsFromLoans>
				<otherReceiptsPaymentsFromFinancialActivity>-100</otherReceiptsPaymentsFromFinancialActivity>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>7023</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>9205</availabilityInCashAndBank>
				<blockedFunds>38</blockedFunds>
			</cashFlowsPeriodEnd>
		</current>
		<previous>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>23809</receiptsFromCustomers>
				<paymentsToSuppliers>-9065</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-11849</paymentsRelatedToRemuneration>
				<exchangeRateDifferences>34</exchangeRateDifferences>
				<otherReceiptsPaymentsFromOperationalActivity>-1480</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<purchaseOfFixedAssets>-1524</purchaseOfFixedAssets>
				<proceedsFromTheSaleOfFixedAssets>12</proceedsFromTheSaleOfFixedAssets>
				<receivedInterestOnLoansGranted>15</receivedInterestOnLoansGranted>
				<otherReceiptsPaymentsFromInvestmentActivity>158</otherReceiptsPaymentsFromInvestmentActivity>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<proceedsFromLoans>771</proceedsFromLoans>
				<otherReceiptsPaymentsFromFinancialActivity>99</otherReceiptsPaymentsFromFinancialActivity>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>6043</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>6985</availabilityInCashAndBank>
				<blockedFunds>38</blockedFunds>
			</cashFlowsPeriodEnd>
		</previous>
	</cashFlows>
	<capital>
		<capitalStock>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</capitalStock>
		<premiumReserve>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</premiumReserve>
		<reserveFromSubsequentValuations>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments>
				<decreases>16</decreases>
			</subsequentValuationsOfFinancialAssetsAndInstruments>
		</reserveFromSubsequentValuations>
		<generalTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</generalTargetReserves>
		<specializedTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</specializedTargetReserves>
		<otherTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<balanceAtTheBeginningOfTheReportingPeriod>12344</balanceAtTheBeginningOfTheReportingPeriod>
		</otherTargetReserves>
		<accumulatedProfit>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</accumulatedProfit>
		<accumulatedLoss>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</accumulatedLoss>
		<transReserve>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</transReserve>
		<minorityParticipation>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<otherAmendments>119</otherAmendments>
		</minorityParticipation>
	</capital>
</ReportingInfo>