Holding Varna AD (BUL:HVAR)

Holding Varna AD Revenue

Holding Varna AD had revenue of -8.65M EUR in the quarter ending June 30, 2026. This brings the company's total for the last twelve months to 54.39M, up 100.17% year-over-year. In the year 2025, Holding Varna AD had annual revenue of 52.92M with 21.10% growth. That makes Holding Varna AD the 26,459th largest company in the world by revenue and 29th in Bulgaria.

• Revenue (ttm): 54.39M
• Revenue Growth: +100.17%
• P/S Ratio: 3.08
• Revenue / Employee: 56.53K
• Employees: 962
• Market Cap: 167.34M

Revenue Chart

Chart

Chart

Revenue by Segment

By Segment

Chart

• Hospitality and Entertainment Activities 31.28M 58.3%
• Media and Education 18.99M 35.4%
• Financial Services 2.01M 3.8%
• Real Estate 780.60K 1.5%
• Project Design Services 541.71K 1.0%

By Geography

Chart

• Bulgaria 43.18M 81.6%
• European Market, EU 7.55M 14.3%
• Non-EU Third Countries 2.19M 4.1%

Fiscal year ended Dec 31, 2025 See the full Holding Varna AD breakdown

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 31, 2025	52.92M	9.22M	21.10%
Dec 31, 2024	43.70M	303.55K	0.70%
Dec 31, 2023	43.39M	6.33M	17.06%
Dec 31, 2022	37.07M	5.02M	15.67%
Dec 31, 2021	32.05M	7.56M	30.90%

Data Source: S&P Global Market Intelligence Last updated: Jul 11, 2026

Revenue data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 23, 2026

Data Sources Report a data error