<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<ReportingInfo version="1.0">
	<fromDate>2025-01-01</fromDate>
	<toDate>2025-12-31</toDate>
	<createDate>2026-04-22</createDate>
	<personName>Ритейл Мениджмънт АД</personName>
	<persontype>Емитент на облигации</persontype>
	<eik>200282199</eik>
	<represents>Мила Крумова Вълчева</represents>
	<representsType>самостоятелно</representsType>
	<addressMain>Р.България, гр. София , ул. Горица 6</addressMain>
	<addressCorrespondence>Р.България, гр. София , ул. Горица 6</addressCorrespondence>
	<telephone>+359889805915</telephone>
	<email>office@retailmanagement.bg</email>
	<website>https://retailmanagement.bg/</website>
	<media>https://www.x3news.com/</media>
	<creator>Елена Драганова</creator>
	<position>Управител на Ел Финанс ЕООД</position>
	<balance>
		<current>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment/>
					<investProperties>19055</investProperties>
					<intangibleAssets/>
					<commercialReputation>
						<positive>11573</positive>
					</commercialReputation>
					<finAssets>
						<investIn>
							<associatedEnterprises>5673</associatedEnterprises>
							<otherBusinesses>6</otherBusinesses>
						</investIn>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables/>
					<deferredTaxAssets>102</deferredTaxAssets>
				</nonCurrentAssets>
				<currentAssets>
					<inventories/>
					<tradeReceivables>
						<receivablesAffiliatedCompanies>31631</receivablesAffiliatedCompanies>
						<receivablesCustomersSuppliers>49</receivablesCustomersSuppliers>
						<receivablesGrantedCommercialLoans>16283</receivablesGrantedCommercialLoans>
						<others>0</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading/>
						<finAssetsForSale>8570</finAssetsForSale>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsTimeDeposits>25</finAssetsTimeDeposits>
					</cashAndCashEquivalents>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>4886</registeredContributedCapital>
						<ordinaryShares>4886</ordinaryShares>
					</capitalStock>
					<reserves>
						<targetReserve>
							<otherReserves>15375</otherReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>5282</retainedEarnings>
							<uncoveredLoss>-896</uncoveredLoss>
						</accumulatedProfit>
						<currentProfit>638</currentProfit>
					</finResult>
				</equity>
				<minorityParticipation>0</minorityParticipation>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<receivedLoansBanksNonBanks>3432</receivedLoansBanksNonBanks>
						<commercialLoans>0</commercialLoans>
						<bondLoans>22500</bondLoans>
						<others>7302</others>
					</commercialOtherObligations>
					<deferredTaxLiabilities>1942</deferredTaxLiabilities>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<liabilitiesLoansBankNonBank>1714</liabilitiesLoansBankNonBank>
						<currentPartNonCurrentLiabilities>2687</currentPartNonCurrentLiabilities>
						<currentObligations>
							<obligationsReceivedCommercialLoans>23585</obligationsReceivedCommercialLoans>
							<obligationsSuppliersCustomers>13</obligationsSuppliersCustomers>
							<advancesReceived>4500</advancesReceived>
							<dutiesStaff>7</dutiesStaff>
						</currentObligations>
					</commercialOtherObligations>
				</currentLiabilities>
			</passives>
		</current>
		<previous>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment/>
					<investProperties>18539</investProperties>
					<intangibleAssets/>
					<commercialReputation>
						<positive>11573</positive>
					</commercialReputation>
					<finAssets>
						<investIn>
							<associatedEnterprises>5644</associatedEnterprises>
							<otherBusinesses>4</otherBusinesses>
						</investIn>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables/>
					<deferredTaxAssets>102</deferredTaxAssets>
				</nonCurrentAssets>
				<currentAssets>
					<inventories/>
					<tradeReceivables>
						<receivablesAffiliatedCompanies>28023</receivablesAffiliatedCompanies>
						<receivablesCustomersSuppliers>25</receivablesCustomersSuppliers>
						<receivablesGrantedCommercialLoans>21812</receivablesGrantedCommercialLoans>
						<others>2</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading/>
						<finAssetsForSale>9851</finAssetsForSale>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsCash>3</finAssetsCash>
						<finAssetsTimeDeposits>20</finAssetsTimeDeposits>
					</cashAndCashEquivalents>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>4886</registeredContributedCapital>
						<ordinaryShares>4886</ordinaryShares>
					</capitalStock>
					<reserves>
						<targetReserve>
							<otherReserves>15375</otherReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<uncoveredLoss>-896</uncoveredLoss>
						</accumulatedProfit>
						<currentProfit>5282</currentProfit>
					</finResult>
				</equity>
				<minorityParticipation>0</minorityParticipation>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<receivedLoansBanksNonBanks>5146</receivedLoansBanksNonBanks>
						<commercialLoans>20336</commercialLoans>
						<bondLoans>25000</bondLoans>
					</commercialOtherObligations>
					<deferredTaxLiabilities>1835</deferredTaxLiabilities>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<liabilitiesLoansBankNonBank>1714</liabilitiesLoansBankNonBank>
						<currentObligations>
							<obligationsRelatedEnterprises>114</obligationsRelatedEnterprises>
							<obligationsReceivedCommercialLoans>3362</obligationsReceivedCommercialLoans>
							<obligationsSuppliersCustomers>5</obligationsSuppliersCustomers>
							<advancesReceived>4500</advancesReceived>
							<dutiesStaff>4</dutiesStaff>
						</currentObligations>
						<others>8935</others>
					</commercialOtherObligations>
				</currentLiabilities>
			</passives>
		</previous>
	</balance>
	<incomes>
		<current>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costsForExternalServices>181</costsForExternalServices>
						<remunerationExpenses>68</remunerationExpenses>
						<insuranceCosts>0</insuranceCosts>
						<others>4</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>1815</interestExpense>
						<negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>587</negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>
						<others>16</others>
					</financialCosts>
				</activityCosts>
				<activityProfit>
					<shareOfProfitOfAssociatesAndJointVentures>29</shareOfProfitOfAssociatesAndJointVentures>
				</activityProfit>
				<profitBeforeTaxes>
					<expenseOfDeferredCorporateIncomeTaxes>108</expenseOfDeferredCorporateIncomeTaxes>
				</profitBeforeTaxes>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<services>72</services>
					</netRevenueFromSales>
					<financialIncome>
						<interestIncome>2146</interestIncome>
						<positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>1170</positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax/>
			</income>
		</current>
		<previous>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costOfMaterials>1</costOfMaterials>
						<costsForExternalServices>284</costsForExternalServices>
						<remunerationExpenses>31</remunerationExpenses>
						<others>12</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>1231</interestExpense>
						<negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>140</negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>
						<others>21</others>
					</financialCosts>
				</activityCosts>
				<activityProfit>
					<shareOfProfitOfAssociatesAndJointVentures>3333</shareOfProfitOfAssociatesAndJointVentures>
				</activityProfit>
				<profitBeforeTaxes>
					<expenseOfDeferredCorporateIncomeTaxes>6</expenseOfDeferredCorporateIncomeTaxes>
				</profitBeforeTaxes>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<services>72</services>
						<others>11</others>
					</netRevenueFromSales>
					<financialIncome>
						<interestIncome>1338</interestIncome>
						<positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>2254</positiveDifferencesFromOperationsWithFinancialAssetsAndInstruments>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax/>
			</income>
		</previous>
	</incomes>
	<cashFlows>
		<current>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>85</receiptsFromCustomers>
				<paymentsToSuppliers>-169</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-65</paymentsRelatedToRemuneration>
				<otherReceiptsPaymentsFromOperationalActivity>31</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<reimbursedGrantedLoans>12457</reimbursedGrantedLoans>
				<receivedInterestOnLoansGranted>175</receivedInterestOnLoansGranted>
				<purchaseOfInvestments>-125</purchaseOfInvestments>
				<proceedsFromSaleOfInvestments>1438</proceedsFromSaleOfInvestments>
				<otherReceiptsPaymentsFromInvestmentActivity>-10211</otherReceiptsPaymentsFromInvestmentActivity>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<proceedsFromLoans>3240</proceedsFromLoans>
				<loansPaid>-5484</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-1355</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
				<otherReceiptsPaymentsFromFinancialActivity>-15</otherReceiptsPaymentsFromFinancialActivity>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>23</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>25</availabilityInCashAndBank>
			</cashFlowsPeriodEnd>
		</current>
		<previous>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>110</receiptsFromCustomers>
				<paymentsToSuppliers>-397</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-14</paymentsRelatedToRemuneration>
				<otherReceiptsPaymentsFromOperationalActivity>-7</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<purchaseOfInvestments>-41168</purchaseOfInvestments>
				<proceedsFromSaleOfInvestments>31367</proceedsFromSaleOfInvestments>
				<otherReceiptsPaymentsFromInvestmentActivity>-1369</otherReceiptsPaymentsFromInvestmentActivity>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<proceedsFromIssuingSecurities>40530</proceedsFromIssuingSecurities>
				<paymentsOnRepurchaseOfSecurities>0</paymentsOnRepurchaseOfSecurities>
				<proceedsFromLoans>10229</proceedsFromLoans>
				<loansPaid>-38114</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-1167</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
				<otherReceiptsPaymentsFromFinancialActivity>-1</otherReceiptsPaymentsFromFinancialActivity>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>24</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>23</availabilityInCashAndBank>
			</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/>
			<balanceAtTheBeginningOfTheReportingPeriod>15375</balanceAtTheBeginningOfTheReportingPeriod>
		</otherTargetReserves>
		<accumulatedProfit>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<otherAmendments>0</otherAmendments>
		</accumulatedProfit>
		<accumulatedLoss>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</accumulatedLoss>
		<transReserve>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</transReserve>
		<minorityParticipation>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</minorityParticipation>
	</capital>
</ReportingInfo>