)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Black Sea Property
Black Sea Property (BSP) investor relations material
Black Sea Property H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary30 Sep, 2026
Executive summary
The group focuses on real estate investment and development in Bulgaria, with ongoing operational and financial challenges due to limited rental income, significant debt maturities in Q4 2026, and a persistent need for capital.
The main priorities are refinancing EPO Aheloy debt, exploring full or partial sale of the Sunrise River Beach Resort, and selling remaining undeveloped plots.
A preliminary sale agreement for EPO Bulgaria was canceled in November 2025; alternative strategies are being pursued.
Financial highlights
Consolidated operating income for H1 2026 was NOK 170,000, with operating costs of NOK 7,253,000, resulting in an operating loss of NOK -7,083,000.
Net financial items were negative, leading to a consolidated net loss of NOK -3,076,000 for H1 2026, compared to NOK -3,109,000 in H1 2025.
Cash and cash equivalents at June 30, 2026, were NOK 7,157,000, down from NOK 8,600,000 at the start of the year.
Total assets at group level were NOK 264,228,000 as of June 30, 2026, down from NOK 279,550,000 at year-end 2025.
Outlook and guidance
Continued operations depend on successful refinancing or sale of key assets and securing additional liquidity.
There is significant uncertainty regarding the timing and terms of refinancing or asset sales.
Reduced rental income for 2026 increases liquidity needs and uncertainty about going concern.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Black Sea Property
- Heavy asset write-downs and refinancing risks led to a sharply negative 2025 result.BSP
H2 2025 - Net loss for 1H 2025 despite higher revenue, with liquidity and asset sale uncertainties ongoing.BSPH1 2025
- Hotel stays up 50% and EBITDA estimated at EUR 620,000, but refinancing risk persists.BSPH1 2024
- Resort occupancy and EBITDA rose, but group loss and financing needs remain high.BSPH2 2024
Next Black Sea Property earnings date
H2 202628 May, 2027
Black Sea Property
Next Black Sea Property earnings date
H2 202628 May, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Black Sea Property AS is a Norway-based real estate company with a strategic focus on investments in Bulgaria. The company specializes in developing and investing in resorts and other real estate properties, including residential projects primarily in Bulgaria's major cities, commercial buildings predominantly in Sofia, and hotels and holiday homes with potential for operational and cost-structure improvements. This diversified portfolio aims to leverage the growing real estate market in Bulgaria, offering a range of opportunities from urban living spaces to leisure and hospitality properties. The company is headquartered in Oslo, Norway, and its shares are listed on the Oslo Stock Exchange.