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<ReportingInfo version="1.0">
	<fromDate>2026-01-01</fromDate>
	<toDate>2026-06-30</toDate>
	<createDate>2026-08-24</createDate>
	<personName>ВАРНА РИЪЛТИС ЕАД</personName>
	<persontype>Емитент на облигации</persontype>
	<eik>103252121</eik>
	<represents>Валентина Борисова Димитрова</represents>
	<representsType>изпълнителен директор</representsType>
	<addressMain>гр. Варна, ул. Генерал Паренсов №3 ет.2</addressMain>
	<addressCorrespondence>гр. Варна, ул. Генерал Паренсов №3 ет.2</addressCorrespondence>
	<telephone>052 604513</telephone>
	<fax>052 604514</fax>
	<email>acc@m-sat.bg</email>
	<website>varna-realties.bg</website>
	<media>investor.bg</media>
	<creator>Светлана Недева Димитрова</creator>
	<position>главен счетоводител</position>
	<balance>
		<current>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<lands>3499</lands>
						<buildings>15553</buildings>
						<machines>179</machines>
						<businessInventory>550</businessInventory>
						<acqLiqTangibleAssets>219</acqLiqTangibleAssets>
						<others>2941</others>
					</propertiesEquipment>
					<investProperties>8139</investProperties>
					<intangibleAssets>
						<softwareProducts>2</softwareProducts>
					</intangibleAssets>
					<commercialReputation/>
					<finAssets>
						<investIn/>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables/>
					<futureExpenses>58</futureExpenses>
					<deferredTaxAssets>278</deferredTaxAssets>
				</nonCurrentAssets>
				<currentAssets>
					<inventories>
						<materials>56</materials>
						<goods>16</goods>
					</inventories>
					<tradeReceivables>
						<receivablesAffiliatedCompanies>188</receivablesAffiliatedCompanies>
						<receivablesCustomersSuppliers>223</receivablesCustomersSuppliers>
						<advancesGranted>7</advancesGranted>
						<receivablesGrantedCommercialLoans>35</receivablesGrantedCommercialLoans>
						<litigationClaims>95</litigationClaims>
						<taxRecovery>63</taxRecovery>
						<others>142</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading>
							<others>1000</others>
						</finAssetsKeptForTrading>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsCash>362</finAssetsCash>
					</cashAndCashEquivalents>
					<futureExpenses>97</futureExpenses>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>150</registeredContributedCapital>
						<ordinaryShares>150</ordinaryShares>
					</capitalStock>
					<reserves>
						<targetReserve>
							<otherReserves>2194</otherReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>1216</retainedEarnings>
							<uncoveredLoss>-1459</uncoveredLoss>
						</accumulatedProfit>
						<currentProfit>431</currentProfit>
					</finResult>
				</equity>
				<minorityParticipation>209</minorityParticipation>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<relatedEnterprises>7541</relatedEnterprises>
						<bondLoans>2557</bondLoans>
					</commercialOtherObligations>
					<otherNonCurrentLiabilities>2384</otherNonCurrentLiabilities>
					<incomeFuturePeriods>1544</incomeFuturePeriods>
					<deferredTaxLiabilities>443</deferredTaxLiabilities>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<liabilitiesLoansBankNonBank>11164</liabilitiesLoansBankNonBank>
						<currentPartNonCurrentLiabilities>1402</currentPartNonCurrentLiabilities>
						<currentObligations>
							<obligationsRelatedEnterprises>17</obligationsRelatedEnterprises>
							<obligationsReceivedCommercialLoans>2085</obligationsReceivedCommercialLoans>
							<obligationsSuppliersCustomers>353</obligationsSuppliersCustomers>
							<advancesReceived>737</advancesReceived>
							<dutiesStaff>114</dutiesStaff>
							<obligationsInsuranceCompanies>42</obligationsInsuranceCompanies>
							<taxObligations>22</taxObligations>
						</currentObligations>
						<others>451</others>
					</commercialOtherObligations>
					<futureIncome>105</futureIncome>
				</currentLiabilities>
			</passives>
		</current>
		<previous>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<lands>3499</lands>
						<buildings>15625</buildings>
						<machines>176</machines>
						<businessInventory>331</businessInventory>
						<acqLiqTangibleAssets>1022</acqLiqTangibleAssets>
						<others>2857</others>
					</propertiesEquipment>
					<investProperties>7444</investProperties>
					<intangibleAssets/>
					<commercialReputation/>
					<finAssets>
						<investIn/>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables/>
					<futureExpenses>58</futureExpenses>
					<deferredTaxAssets>391</deferredTaxAssets>
				</nonCurrentAssets>
				<currentAssets>
					<inventories>
						<materials>15</materials>
						<goods>21</goods>
					</inventories>
					<tradeReceivables>
						<receivablesAffiliatedCompanies>279</receivablesAffiliatedCompanies>
						<receivablesCustomersSuppliers>47</receivablesCustomersSuppliers>
						<advancesGranted>3</advancesGranted>
						<receivablesGrantedCommercialLoans>264</receivablesGrantedCommercialLoans>
						<taxRecovery>53</taxRecovery>
						<others>647</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading>
							<others>1000</others>
						</finAssetsKeptForTrading>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsCash>542</finAssetsCash>
					</cashAndCashEquivalents>
					<futureExpenses>36</futureExpenses>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>150</registeredContributedCapital>
						<ordinaryShares>150</ordinaryShares>
					</capitalStock>
					<reserves>
						<targetReserve>
							<otherReserves>2194</otherReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<uncoveredLoss>-1459</uncoveredLoss>
						</accumulatedProfit>
						<currentProfit>1216</currentProfit>
					</finResult>
				</equity>
				<minorityParticipation>221</minorityParticipation>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<relatedEnterprises>7343</relatedEnterprises>
						<receivedLoansBanksNonBanks>10564</receivedLoansBanksNonBanks>
						<bondLoans>3068</bondLoans>
					</commercialOtherObligations>
					<otherNonCurrentLiabilities>2582</otherNonCurrentLiabilities>
					<incomeFuturePeriods>1596</incomeFuturePeriods>
					<deferredTaxLiabilities>443</deferredTaxLiabilities>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<liabilitiesLoansBankNonBank>1492</liabilitiesLoansBankNonBank>
						<currentPartNonCurrentLiabilities>1402</currentPartNonCurrentLiabilities>
						<currentObligations>
							<obligationsRelatedEnterprises>1080</obligationsRelatedEnterprises>
							<obligationsReceivedCommercialLoans>1207</obligationsReceivedCommercialLoans>
							<obligationsSuppliersCustomers>79</obligationsSuppliersCustomers>
							<advancesReceived>466</advancesReceived>
							<dutiesStaff>61</dutiesStaff>
							<obligationsInsuranceCompanies>15</obligationsInsuranceCompanies>
							<taxObligations>32</taxObligations>
						</currentObligations>
						<others>451</others>
					</commercialOtherObligations>
					<futureIncome>107</futureIncome>
				</currentLiabilities>
			</passives>
		</previous>
	</balance>
	<incomes>
		<current>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costOfMaterials>180</costOfMaterials>
						<costsForExternalServices>204</costsForExternalServices>
						<depreciationExpenses>382</depreciationExpenses>
						<remunerationExpenses>389</remunerationExpenses>
						<insuranceCosts>68</insuranceCosts>
						<balanceValueOfSoldAssets>92</balanceValueOfSoldAssets>
						<others>-1101</others>
						<impairmentOfAssets>-1169</impairmentOfAssets>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>387</interestExpense>
						<negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>49</negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>
						<others>32</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes>
					<expenseOfDeferredCorporateIncomeTaxes>113</expenseOfDeferredCorporateIncomeTaxes>
				</profitBeforeTaxes>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<goods>396</goods>
						<services>653</services>
						<others>162</others>
					</netRevenueFromSales>
					<financialIncome>
						<interestIncome>3</interestIncome>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax>
					<forMinorityParticipation>12</forMinorityParticipation>
				</lossAfterTax>
			</income>
		</current>
		<previous>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costOfMaterials>226</costOfMaterials>
						<costsForExternalServices>283</costsForExternalServices>
						<depreciationExpenses>343</depreciationExpenses>
						<remunerationExpenses>641</remunerationExpenses>
						<insuranceCosts>93</insuranceCosts>
						<balanceValueOfSoldAssets>482</balanceValueOfSoldAssets>
						<others>50</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>488</interestExpense>
						<others>85</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes/>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<goods>1044</goods>
						<services>673</services>
						<others>17</others>
					</netRevenueFromSales>
					<financialIncome>
						<interestIncome>33</interestIncome>
						<positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>1010</positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax>
					<forMinorityParticipation>12</forMinorityParticipation>
				</lossAfterTax>
			</income>
		</previous>
	</incomes>
	<cashFlows>
		<current>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>2453</receiptsFromCustomers>
				<paymentsToSuppliers>-1124</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-350</paymentsRelatedToRemuneration>
				<taxesPaidRefunded>-125</taxesPaidRefunded>
				<otherReceiptsPaymentsFromOperationalActivity>-11</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<purchaseOfFixedAssets>-643</purchaseOfFixedAssets>
				<reimbursedGrantedLoans>200</reimbursedGrantedLoans>
				<receivedInterestOnLoansGranted>1000</receivedInterestOnLoansGranted>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<proceedsFromLoans>1707</proceedsFromLoans>
				<loansPaid>-2981</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-306</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>542</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>362</availabilityInCashAndBank>
			</cashFlowsPeriodEnd>
		</current>
		<previous>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>5457</receiptsFromCustomers>
				<paymentsToSuppliers>-2523</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-677</paymentsRelatedToRemuneration>
				<taxesPaidRefunded>-501</taxesPaidRefunded>
				<corporateIncomeTaxesPaid>-10</corporateIncomeTaxesPaid>
				<otherReceiptsPaymentsFromOperationalActivity>45</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<purchaseOfFixedAssets>-19</purchaseOfFixedAssets>
				<loansGranted>-16</loansGranted>
				<reimbursedGrantedLoans>1212</reimbursedGrantedLoans>
				<purchaseOfInvestments>-61</purchaseOfInvestments>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<proceedsFromLoans>1305</proceedsFromLoans>
				<loansPaid>-2180</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-1235</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>519</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>1315</availabilityInCashAndBank>
				<blockedFunds>1</blockedFunds>
			</cashFlowsPeriodEnd>
		</previous>
	</cashFlows>
	<capital>
		<capitalStock>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</capitalStock>
		<premiumReserve>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</premiumReserve>
		<reserveFromSubsequentValuations>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</reserveFromSubsequentValuations>
		<generalTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</generalTargetReserves>
		<specializedTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</specializedTargetReserves>
		<otherTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<balanceAtTheBeginningOfTheReportingPeriod>2194</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/>
			<netProfitLossForThePeriod>-12</netProfitLossForThePeriod>
		</minorityParticipation>
	</capital>
</ReportingInfo>