)
Investor Relations14 Oct 2025
Boost Your Earnings Season Strategy With Real‑Time Alerts
Quartr Pro provides real time alerts, trend analysis and live coverage, giving analysts and investors instant insights to act faster in earnings.
Black Sea Property (BSP) investor relations material
Black Sea Property H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2025 earnings summary23 Sep, 2025
Executive summary
Focus remains on real estate investment and management in Bulgaria, with ongoing operational and financial challenges due to low recurring income and significant financial obligations.
Efforts are concentrated on the potential sale of the main asset, Sunrise River Beach Resort, with the goal of completion before summer 2026.
Ongoing negotiations for the sale of undeveloped plots in Obzor and Byala, with expected combined value of EUR 300,000.
Financial highlights
Group revenue for 1H 2025 was NOK 3,673,000, up from NOK 587,000 in 1H 2024.
Operating loss for 1H 2025 was NOK -3,109,000, compared to a profit of NOK 1,200,000 in 1H 2024.
Net result for 1H 2025 was a loss of NOK -3,109,000, versus a profit of NOK 936,000 in 1H 2024.
Cash and cash equivalents at 30 June 2025 were NOK 590,000, down from NOK 3,687,000 at 30 June 2024.
Outlook and guidance
Liquidity remains challenging, with recurring capital needs for both operations and debt service.
Sale of the main resort or company’s stake is targeted before summer 2026; ongoing efforts to secure all necessary operational permits.
Planned rights issue of up to NOK 10 million in October 2025 to address short-term capital needs.
Key risks to Sunrise Resort sale by 2026
Capital needs coverage post-Oct 2025 rights issue
Reconcile VEK per share with NOK 0.05 price
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Black Sea Property earnings date
H2 202530 May, 2026
Next Black Sea Property earnings date
H2 202530 May, 2026
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
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.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage