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	<fromDate>2026-01-01</fromDate>
	<toDate>2026-03-31</toDate>
	<createDate>2026-04-24</createDate>
	<personName>ВАРНА РИЪЛТИС ЕАД</personName>
	<persontype>Публично дружество/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 / 604 513</telephone>
	<fax>няма</fax>
	<email>acc@m-sat.bg</email>
	<website>http://varna-realties.bg/</website>
	<media>investor.bg</media>
	<creator>Светлана Димитрова</creator>
	<position>главен счетоводител</position>
	<balance>
		<current>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<businessInventory>1</businessInventory>
					</propertiesEquipment>
					<investProperties>734</investProperties>
					<intangibleAssets/>
					<commercialReputation/>
					<finAssets>
						<investIn>
							<subsidiaries>9134</subsidiaries>
						</investIn>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables>
						<affiliatedCompanies>4599</affiliatedCompanies>
					</tradeReceivables>
					<futureExpenses>62</futureExpenses>
					<deferredTaxAssets>130</deferredTaxAssets>
				</nonCurrentAssets>
				<currentAssets>
					<inventories/>
					<tradeReceivables>
						<receivablesAffiliatedCompanies>273</receivablesAffiliatedCompanies>
						<receivablesCustomersSuppliers>8</receivablesCustomersSuppliers>
						<advancesGranted>1</advancesGranted>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading>
							<others>670</others>
						</finAssetsKeptForTrading>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsCash>81</finAssetsCash>
					</cashAndCashEquivalents>
					<futureExpenses>20</futureExpenses>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>150</registeredContributedCapital>
						<ordinaryShares>150</ordinaryShares>
					</capitalStock>
					<reserves>
						<targetReserve>
							<generalReserves>22</generalReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>2987</retainedEarnings>
						</accumulatedProfit>
						<currentProfit>100</currentProfit>
					</finResult>
				</equity>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<relatedEnterprises>7914</relatedEnterprises>
						<bondLoans>3068</bondLoans>
					</commercialOtherObligations>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<currentPartNonCurrentLiabilities>1436</currentPartNonCurrentLiabilities>
						<currentObligations>
							<obligationsRelatedEnterprises>15</obligationsRelatedEnterprises>
							<obligationsSuppliersCustomers>6</obligationsSuppliersCustomers>
							<taxObligations>13</taxObligations>
						</currentObligations>
					</commercialOtherObligations>
					<futureIncome>2</futureIncome>
				</currentLiabilities>
			</passives>
		</current>
		<previous>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<businessInventory>2</businessInventory>
					</propertiesEquipment>
					<investProperties>750</investProperties>
					<intangibleAssets/>
					<commercialReputation/>
					<finAssets>
						<investIn>
							<subsidiaries>9134</subsidiaries>
						</investIn>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables>
						<affiliatedCompanies>3651</affiliatedCompanies>
					</tradeReceivables>
					<futureExpenses>58</futureExpenses>
					<deferredTaxAssets>130</deferredTaxAssets>
				</nonCurrentAssets>
				<currentAssets>
					<inventories/>
					<tradeReceivables>
						<receivablesAffiliatedCompanies>196</receivablesAffiliatedCompanies>
						<receivablesCustomersSuppliers>1</receivablesCustomersSuppliers>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading>
							<others>670</others>
						</finAssetsKeptForTrading>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsCash>70</finAssetsCash>
					</cashAndCashEquivalents>
					<futureExpenses>21</futureExpenses>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>150</registeredContributedCapital>
						<ordinaryShares>150</ordinaryShares>
					</capitalStock>
					<reserves>
						<targetReserve>
							<generalReserves>22</generalReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>2970</retainedEarnings>
						</accumulatedProfit>
						<currentProfit>17</currentProfit>
					</finResult>
				</equity>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<relatedEnterprises>7010</relatedEnterprises>
						<bondLoans>3068</bondLoans>
					</commercialOtherObligations>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<currentPartNonCurrentLiabilities>1403</currentPartNonCurrentLiabilities>
						<currentObligations>
							<obligationsRelatedEnterprises>15</obligationsRelatedEnterprises>
							<obligationsSuppliersCustomers>5</obligationsSuppliersCustomers>
							<taxObligations>20</taxObligations>
						</currentObligations>
					</commercialOtherObligations>
					<futureIncome>3</futureIncome>
				</currentLiabilities>
			</passives>
		</previous>
	</balance>
	<incomes>
		<current>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costOfMaterials>8</costOfMaterials>
						<costsForExternalServices>13</costsForExternalServices>
						<depreciationExpenses>17</depreciationExpenses>
						<remunerationExpenses>3</remunerationExpenses>
						<others>8</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>61</interestExpense>
						<others>1</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes/>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<services>189</services>
					</netRevenueFromSales>
					<financialIncome>
						<interestIncome>22</interestIncome>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax/>
			</income>
		</current>
		<previous>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costOfMaterials>9</costOfMaterials>
						<costsForExternalServices>13</costsForExternalServices>
						<depreciationExpenses>16</depreciationExpenses>
						<remunerationExpenses>3</remunerationExpenses>
						<others>9</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>57</interestExpense>
						<others>1</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes/>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<services>82</services>
					</netRevenueFromSales>
					<financialIncome>
						<interestIncome>30</interestIncome>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax/>
			</income>
		</previous>
	</incomes>
	<cashFlows>
		<current>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>200</receiptsFromCustomers>
				<paymentsToSuppliers>-38</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-2</paymentsRelatedToRemuneration>
				<taxesPaidRefunded>-47</taxesPaidRefunded>
				<exchangeRateDifferences>-1</exchangeRateDifferences>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<loansGranted>-982</loansGranted>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<proceedsFromLoans>1362</proceedsFromLoans>
				<loansPaid>-473</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-8</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>70</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>81</availabilityInCashAndBank>
			</cashFlowsPeriodEnd>
		</current>
		<previous>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>2173</receiptsFromCustomers>
				<paymentsToSuppliers>-315</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-2</paymentsRelatedToRemuneration>
				<taxesPaidRefunded>-338</taxesPaidRefunded>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<loansGranted>-249</loansGranted>
				<reimbursedGrantedLoans>133</reimbursedGrantedLoans>
				<dividendsReceivedFromInvestments>116</dividendsReceivedFromInvestments>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<paymentsOnRepurchaseOfSecurities>-813</paymentsOnRepurchaseOfSecurities>
				<proceedsFromLoans>1305</proceedsFromLoans>
				<loansPaid>-1282</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-16</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>187</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>899</availabilityInCashAndBank>
			</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/>
		</otherTargetReserves>
		<accumulatedProfit>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</accumulatedProfit>
		<accumulatedLoss>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</accumulatedLoss>
		<transReserve>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</transReserve>
		<minorityParticipation>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</minorityParticipation>
	</capital>
</ReportingInfo>