The clubs contesting the final were CSKA 1948 and Ludogorets Razgrad.[5][6] For CSKA 1948, this was the very first final in their club history since their foundation in 2016, whereas for Ludogorets, it was the first since 2017 and 4th overall. This was also the first meeting between both clubs on the stage of the Bulgarian Cup.
Ludogorets won the final 3–1 for their third cup title and first since 2014.[7] As they were already assured of a participation in the UEFA Europa Conference League via their league performance, their berth for the second qualifying round of 2023–24 UEFA Europa Conference League was passed to the third-placed team in the 2022–23 First League. In contrast with the previous final, this match had one of the lowest attendance records in the history of the competition.[1]
^Each team will be given only three opportunities to make substitutions, with a fourth opportunity in extra time, excluding substitutions made at half-time, before the start of extra time and at half-time in extra time.