<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<ReportingInfo version="1.0">
	<fromDate>2025-01-01</fromDate>
	<toDate>2025-12-31</toDate>
	<createDate>2026-03-31</createDate>
	<personName>Булфинанс Инвестмънт АД</personName>
	<persontype>Емитент на облигации</persontype>
	<eik>125004737</eik>
	<represents>Николай Лазаров, Валентин Ружев</represents>
	<representsType>заедно</representsType>
	<addressMain>гр. София, бул. Тодор Александров 73</addressMain>
	<addressCorrespondence>гр. София, бул. Тодор Александров 73</addressCorrespondence>
	<telephone>0898488912</telephone>
	<email>bfinvestment2015@gmail.com</email>
	<website>www.bulfinance.com</website>
	<media>X3NEWS</media>
	<creator>Димитър Христов</creator>
	<position>главен счетоводител</position>
	<balance>
		<current>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<lands>2134</lands>
						<buildings>76</buildings>
					</propertiesEquipment>
					<intangibleAssets/>
					<commercialReputation/>
					<finAssets>
						<investIn>
							<subsidiaries>6172</subsidiaries>
							<associatedEnterprises>491</associatedEnterprises>
						</investIn>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables/>
					<deferredTaxAssets>2</deferredTaxAssets>
				</nonCurrentAssets>
				<currentAssets>
					<inventories/>
					<tradeReceivables>
						<receivablesCustomersSuppliers>607</receivablesCustomersSuppliers>
						<others>19104</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading/>
						<finAssetsForSale>12846</finAssetsForSale>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsTimeDeposits>35</finAssetsTimeDeposits>
					</cashAndCashEquivalents>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>74</registeredContributedCapital>
						<ordinaryShares>74</ordinaryShares>
					</capitalStock>
					<reserves>
						<targetReserve>
							<otherReserves>5715</otherReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>2603</retainedEarnings>
						</accumulatedProfit>
						<currentProfit>59</currentProfit>
					</finResult>
				</equity>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<bondLoans>19558</bondLoans>
					</commercialOtherObligations>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<currentObligations>
							<obligationsSuppliersCustomers>300</obligationsSuppliersCustomers>
							<dutiesStaff>9</dutiesStaff>
							<taxObligations>30</taxObligations>
						</currentObligations>
						<others>13119</others>
					</commercialOtherObligations>
				</currentLiabilities>
			</passives>
		</current>
		<previous>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<lands>2134</lands>
						<buildings>79</buildings>
					</propertiesEquipment>
					<intangibleAssets/>
					<commercialReputation/>
					<finAssets>
						<investIn>
							<subsidiaries>6431</subsidiaries>
							<associatedEnterprises>491</associatedEnterprises>
						</investIn>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables/>
					<deferredTaxAssets>32</deferredTaxAssets>
				</nonCurrentAssets>
				<currentAssets>
					<inventories/>
					<tradeReceivables>
						<receivablesCustomersSuppliers>510</receivablesCustomersSuppliers>
						<others>19127</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading/>
						<finAssetsForSale>11751</finAssetsForSale>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsTimeDeposits>41</finAssetsTimeDeposits>
					</cashAndCashEquivalents>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>74</registeredContributedCapital>
						<ordinaryShares>74</ordinaryShares>
					</capitalStock>
					<reserves>
						<targetReserve>
							<otherReserves>5715</otherReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>2201</retainedEarnings>
						</accumulatedProfit>
						<currentProfit>402</currentProfit>
					</finResult>
				</equity>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<bondLoans>19558</bondLoans>
					</commercialOtherObligations>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<currentObligations>
							<obligationsRelatedEnterprises>370</obligationsRelatedEnterprises>
							<dutiesStaff>31</dutiesStaff>
							<taxObligations>1</taxObligations>
						</currentObligations>
						<others>12244</others>
					</commercialOtherObligations>
				</currentLiabilities>
			</passives>
		</previous>
	</balance>
	<incomes>
		<current>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costsForExternalServices>96</costsForExternalServices>
						<depreciationExpenses>4</depreciationExpenses>
						<remunerationExpenses>59</remunerationExpenses>
						<insuranceCosts>2</insuranceCosts>
						<others>261</others>
						<impairmentOfAssets>261</impairmentOfAssets>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>1364</interestExpense>
						<negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>44</negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>
						<others>11</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes>
					<expenseOfDeferredCorporateIncomeTaxes>5</expenseOfDeferredCorporateIncomeTaxes>
				</profitBeforeTaxes>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales/>
					<financialIncome>
						<interestIncome>654</interestIncome>
						<incomeFromDividends>75</incomeFromDividends>
						<positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>914</positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>
						<others>262</others>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax/>
			</income>
		</current>
		<previous>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costsForExternalServices>165</costsForExternalServices>
						<depreciationExpenses>3</depreciationExpenses>
						<remunerationExpenses>66</remunerationExpenses>
						<insuranceCosts>2</insuranceCosts>
						<others>10</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>1495</interestExpense>
						<negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>145</negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>
						<others>20</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes>
					<expenseOfDeferredCorporateIncomeTaxes>44</expenseOfDeferredCorporateIncomeTaxes>
				</profitBeforeTaxes>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales/>
					<financialIncome>
						<interestIncome>665</interestIncome>
						<incomeFromDividends>73</incomeFromDividends>
						<positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>1043</positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>
						<others>571</others>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax/>
			</income>
		</previous>
	</incomes>
	<cashFlows>
		<current>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>5303</receiptsFromCustomers>
				<paymentsToSuppliers>-70</paymentsToSuppliers>
				<paymentsRelatedToFinancialAssetsHeldForTrading>-13568</paymentsRelatedToFinancialAssetsHeldForTrading>
				<paymentsRelatedToRemuneration>-91</paymentsRelatedToRemuneration>
				<taxesPaidRefunded>-9</taxesPaidRefunded>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<loansGranted>-273</loansGranted>
				<reimbursedGrantedLoans>832</reimbursedGrantedLoans>
				<receivedInterestOnLoansGranted>134</receivedInterestOnLoansGranted>
				<dividendsReceivedFromInvestments>75</dividendsReceivedFromInvestments>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<proceedsFromLoans>8585</proceedsFromLoans>
				<loansPaid>-50</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-874</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>41</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>35</availabilityInCashAndBank>
			</cashFlowsPeriodEnd>
		</current>
		<previous>
			<cashFlowsFromOperationalActivity>
				<paymentsToSuppliers>-314</paymentsToSuppliers>
				<paymentsRelatedToFinancialAssetsHeldForTrading>-15698</paymentsRelatedToFinancialAssetsHeldForTrading>
				<paymentsRelatedToRemuneration>-69</paymentsRelatedToRemuneration>
				<taxesPaidRefunded>356</taxesPaidRefunded>
				<otherReceiptsPaymentsFromOperationalActivity>335</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<loansGranted>-8492</loansGranted>
				<receivedInterestOnLoansGranted>357</receivedInterestOnLoansGranted>
				<purchaseOfInvestments>-346</purchaseOfInvestments>
				<proceedsFromSaleOfInvestments>2597</proceedsFromSaleOfInvestments>
				<dividendsReceivedFromInvestments>73</dividendsReceivedFromInvestments>
				<otherReceiptsPaymentsFromInvestmentActivity>823</otherReceiptsPaymentsFromInvestmentActivity>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<proceedsFromIssuingSecurities>19558</proceedsFromIssuingSecurities>
				<proceedsFromLoans>7660</proceedsFromLoans>
				<loansPaid>-5000</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-1806</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>7</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>41</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/>
			<balanceAtTheBeginningOfTheReportingPeriod>5715</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/>
		</minorityParticipation>
	</capital>
</ReportingInfo>