AmonRa Energy from Bulgaria intends to expand in Central and Western Europe.

Bulgarian solar photovoltaic (PV) equipment supplier AmonRa Energy announced on Friday its intention to expand into the Central European and Western European markets and enhance its local presence this year.

The company plans to establish a logistics base in Shumen, Bulgaria, by the end of the year, as stated in a press release.

AmonRa Energy is also aiming to increase its workforce in Bulgaria by 20% by transferring staff from its offices in Romania, Serbia, and Ukraine.

Additionally, AmonRa Energy declared it will issue a gross dividend of 0.12 euro ($0.13) per share for the year 2025. The company will return a total of 750,000 euro to investors from its net profit of 892,499 euro recorded last year, while the remaining amount will be retained as undistributed earnings.

Last year, AmonRa Energy provided a gross dividend of 0.15997 levs ($0.09/0.08 euro) per share, totaling 1 million levs for 2024.

In March, the company inaugurated a new warehouse and showroom in Dobrich, Bulgaria, for photovoltaic modules, batteries, inverters, cables, and charging stations.

AmonRa Energy's shares were last traded on July 16, closing at 5.35 euro on the BEAM market of the Bulgarian Stock Exchange, reflecting a 0.94% increase.