Revenue by Geography

Financials in millions BGN. Fiscal year is January - December.

Millions BGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Bulgaria	202.60M	134.06M	116.74M	94.21M	98.84M
Bulgaria Growth	51.13%	14.83%	23.91%	-4.69%	20.83%
Croatia	34.04M	27.39M	19.39M	4.00M	1.77M
Croatia Growth	24.31%	41.22%	384.68%	126.43%	815.54%
Serbia	8.28M	14.06M	16.88M	28.40M	21.73M
Serbia Growth	-41.09%	-16.74%	-40.56%	30.72%	-4.24%
Slovenia	6.27M	5.07M	7.40M	7.02M	10.08M
Slovenia Growth	23.79%	-31.51%	5.45%	-30.40%	-2.98%
Germany	4.60M	4.81M	3.14M	1.83M	1.66M
Germany Growth	-4.45%	53.17%	71.56%	10.43%	-
North Macedonia	3.64M	5.57M	5.88M	2.73M	8.10M
North Macedonia Growth	-34.63%	-5.28%	115.44%	-66.32%	128.12%
Bosnia and Herzegovina	3.43M	3.53M	3.56M	5.40M	5.82M
Bosnia and Herzegovina Growth	-2.95%	-0.79%	-34.10%	-7.23%	-25.22%
United States of America	3.05M	3.43M	2.79M	2.10M	1.26M
United States of America Growth	-11.03%	23.04%	32.48%	67.04%	-
Romania	128.00K	1.14M	553.00K	264.00K	149.00K
Romania Growth	-88.81%	106.87%	109.47%	77.18%	-
Other	17.21M	23.93M	7.93M	8.21M	15.13M
Other Growth	-28.09%	201.88%	-3.51%	-45.71%	110.81%
Albania	-	-	-	904.00K	1.00M
Albania Growth	-	-	-	-9.69%	-44.73%
Montenegro	-	-	-	88.00K	157.00K
Montenegro Growth	-	-	-	-43.95%	61.86%
Total	283.25M	222.97M	184.26M	155.16M	165.69M
Total Growth	27.03%	21.01%	18.75%	-6.35%	22.28%

Source: S&P Global Market Intelligence.