<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<ReportingInfo version="1.0">
	<fromDate>2025-01-01</fromDate>
	<toDate>2025-09-30</toDate>
	<createDate>2025-10-27</createDate>
	<personName>ФС Холдинг АД</personName>
	<persontype>Публично дружество/Емитент на облигации</persontype>
	<eik>109054783</eik>
	<represents>РОЗАЛИНА ЗРАВКОВА СТАНКОВА</represents>
	<representsType>ИЗПЪЛНИТЕЛЕН ДИРЕКТОР</representsType>
	<addressMain>гр. София; Район р-н Витоша; ул. Рачо Петков Казанджията  4; Ет. 7;</addressMain>
	<addressCorrespondence>гр. София; Район р-н Витоша; ул. Рачо Петков Казанджията  4; Ет. 7;</addressCorrespondence>
	<telephone>0889844089</telephone>
	<email>fs_holding@mail.bg</email>
	<website>fshold.eu</website>
	<media>Infostock.bg</media>
	<creator>ПРАЙМ БИЗНЕС КОНСУЛТИНГ АД</creator>
	<position>СЧЕТОВОДИТЕЛ</position>
	<balance>
		<current>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment/>
					<intangibleAssets/>
					<commercialReputation/>
					<finAssets>
						<investIn/>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables/>
				</nonCurrentAssets>
				<currentAssets>
					<inventories/>
					<tradeReceivables>
						<advancesGranted>2753</advancesGranted>
						<receivablesGrantedCommercialLoans>8204</receivablesGrantedCommercialLoans>
						<taxRecovery>1</taxRecovery>
						<receivablesPersonnel>8</receivablesPersonnel>
						<others>319</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading>
							<debtSecurities>2961</debtSecurities>
							<others>32078</others>
						</finAssetsKeptForTrading>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsTimeDeposits>1</finAssetsTimeDeposits>
					</cashAndCashEquivalents>
					<futureExpenses>53</futureExpenses>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>373</registeredContributedCapital>
					</capitalStock>
					<reserves>
						<targetReserve>
							<generalReserves>17</generalReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>395</retainedEarnings>
							<uncoveredLoss>-472</uncoveredLoss>
						</accumulatedProfit>
						<currentProfit>397</currentProfit>
					</finResult>
				</equity>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<bondLoans>45000</bondLoans>
					</commercialOtherObligations>
					<deferredTaxLiabilities>53</deferredTaxLiabilities>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<currentPartNonCurrentLiabilities>366</currentPartNonCurrentLiabilities>
						<currentObligations>
							<obligationsReceivedCommercialLoans>10</obligationsReceivedCommercialLoans>
							<obligationsSuppliersCustomers>200</obligationsSuppliersCustomers>
							<dutiesStaff>18</dutiesStaff>
							<taxObligations>17</taxObligations>
						</currentObligations>
						<others>4</others>
					</commercialOtherObligations>
				</currentLiabilities>
			</passives>
		</current>
		<previous>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment/>
					<intangibleAssets/>
					<commercialReputation/>
					<finAssets>
						<investIn>
							<subsidiaries>5200</subsidiaries>
							<associatedEnterprises>20</associatedEnterprises>
						</investIn>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables/>
				</nonCurrentAssets>
				<currentAssets>
					<inventories/>
					<tradeReceivables>
						<receivablesAffiliatedCompanies>45141</receivablesAffiliatedCompanies>
						<taxRecovery>1</taxRecovery>
						<receivablesPersonnel>8</receivablesPersonnel>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading>
							<debtSecurities>2</debtSecurities>
							<others>635</others>
						</finAssetsKeptForTrading>
					</finAssets>
					<cashAndCashEquivalents/>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>373</registeredContributedCapital>
					</capitalStock>
					<reserves>
						<targetReserve>
							<generalReserves>17</generalReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<uncoveredLoss>-469</uncoveredLoss>
							<oneTimeEffectChangesAccountingPolicy>-3</oneTimeEffectChangesAccountingPolicy>
						</accumulatedProfit>
						<currentProfit>395</currentProfit>
					</finResult>
				</equity>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<bondLoans>45000</bondLoans>
					</commercialOtherObligations>
					<deferredTaxLiabilities>18</deferredTaxLiabilities>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<currentPartNonCurrentLiabilities>285</currentPartNonCurrentLiabilities>
						<currentObligations>
							<obligationsRelatedEnterprises>5</obligationsRelatedEnterprises>
							<obligationsReceivedCommercialLoans>5343</obligationsReceivedCommercialLoans>
							<obligationsSuppliersCustomers>4</obligationsSuppliersCustomers>
							<dutiesStaff>3</dutiesStaff>
							<obligationsInsuranceCompanies>1</obligationsInsuranceCompanies>
							<taxObligations>30</taxObligations>
						</currentObligations>
						<others>5</others>
					</commercialOtherObligations>
				</currentLiabilities>
			</passives>
		</previous>
	</balance>
	<incomes>
		<current>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costsForExternalServices>147</costsForExternalServices>
						<remunerationExpenses>50</remunerationExpenses>
						<insuranceCosts>1</insuranceCosts>
						<others>130</others>
						<impairmentOfAssets>130</impairmentOfAssets>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>1872</interestExpense>
						<negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>157</negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>
						<others>1</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes>
					<expensesForCurrentCorporateIncomeTaxes>12</expensesForCurrentCorporateIncomeTaxes>
					<expenseOfDeferredCorporateIncomeTaxes>35</expenseOfDeferredCorporateIncomeTaxes>
				</profitBeforeTaxes>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<others>456</others>
					</netRevenueFromSales>
					<financialIncome>
						<interestIncome>2331</interestIncome>
						<positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>15</positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax/>
			</income>
		</current>
		<previous>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costsForExternalServices>16</costsForExternalServices>
						<remunerationExpenses>12</remunerationExpenses>
						<insuranceCosts>2</insuranceCosts>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>3</interestExpense>
						<negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>0</negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes/>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales/>
					<financialIncome>
						<interestIncome>102</interestIncome>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax/>
			</income>
		</previous>
	</incomes>
	<cashFlows>
		<current>
			<cashFlowsFromOperationalActivity>
				<paymentsToSuppliers>-202</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-35</paymentsRelatedToRemuneration>
				<corporateIncomeTaxesPaid>-27</corporateIncomeTaxesPaid>
				<otherReceiptsPaymentsFromOperationalActivity>-1</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<purchaseOfFixedAssets>-20001</purchaseOfFixedAssets>
				<loansGranted>-642</loansGranted>
				<reimbursedGrantedLoans>2077</reimbursedGrantedLoans>
				<purchaseOfInvestments>-15318</purchaseOfInvestments>
				<proceedsFromSaleOfInvestments>35614</proceedsFromSaleOfInvestments>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<loansPaid>-115</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-1348</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
				<otherReceiptsPaymentsFromFinancialActivity>-1</otherReceiptsPaymentsFromFinancialActivity>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>1</availabilityInCashAndBank>
			</cashFlowsPeriodEnd>
		</current>
		<previous>
			<cashFlowsFromOperationalActivity>
				<paymentsToSuppliers>-8</paymentsToSuppliers>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity/>
			<cashFlowsFromFinancialActivity>
				<proceedsFromLoans>8</proceedsFromLoans>
			</cashFlowsFromFinancialActivity>
			<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/>
		</otherTargetReserves>
		<accumulatedProfit>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</accumulatedProfit>
		<accumulatedLoss>
			<changesInOpeningBalances>
				<effectOfChangesInAccountingPolicy>-3</effectOfChangesInAccountingPolicy>
			</changesInOpeningBalances>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</accumulatedLoss>
		<transReserve>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</transReserve>
		<minorityParticipation>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</minorityParticipation>
	</capital>
</ReportingInfo>