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Circle (CIRC) investor relations material
Circle Corporate presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 financial performance
Value of production €15.8m, up 34% YoY; EBITDA €3.8m, up 44%, with 24.3% margin vs. 22.6% in H1 2025.
EBIT €2.2m, up 80% YoY; net income €1.7m, up 65%.
Net financial position €4.8m cash positive at H1 2026, versus €1m in FY 2025; equity €21.3m, up 16.4% vs. FY 2025.
Proprietary software products revenue €4.6m, up 11% YoY; Milos Federative Services revenue €1.6m, up 75%.
Backlog reached €36.7m at H1 2026, from €34.1m at FY 2025 and €9m in 2020.
Business model and ecosystem
Portfolio spans intermodal logistics, port community systems, freight and customs platforms, airport tracking, gate automation, telematics, infomobility and supply-chain visibility.
Digital solutions connect transport operators, logistics nodes, industries and freight forwarders, with data integration, AI analytics, regulatory compliance and document digitisation.
Nine M&A transactions since end-2017 expanded capabilities across ports, freight, customs, air cargo, infomobility and e-CMR; QMAP was acquired in March 2026.
International revenue represented around 18% of H1 2026 value of production; footprint includes Italy and offices or partner desks across Europe and nearby markets.
Milos Intelligence and Synapse initiatives combine AI, machine learning, prediction, digital twins and orchestration for logistics planning and operations.
Growth strategy and market expansion
Connect 4 Agile Growth prioritises geographic expansion, measurable ROI and KPIs, SaaS and pay-per-use solutions, talent development, and co-financed EU and national R&D projects.
Expansion priorities include the Middle East, Turkey, North Africa, Central Europe and the Iberian Peninsula, using partnerships, direct product sales, trade fairs and targeted M&A.
2026–2027 M&A focus areas include node interoperability, intelligent nodes, trucking and intermodality, with geographic emphasis on the Middle East and Eastern Europe.
Strategy roadmap targets predictive and synchromodal supply chains, next-generation nodes, AI-enabled optimisation, digital transport documents and recurring services.
Product development includes node interoperability, AI-enabled document dematerialisation, real-time truck services, industrial digital ecosystems and collaborative infomobility.
- H1 2026 saw 34% growth in production value, 75% rise in federative services, and a strong backlog.CIRC
H1 2026 - Production value rose 10% and backlog more than doubled, driven by acquisitions and digitalization.CIRC
H2 2024 - Production value up 30% to €7.5M, strong backlog, and cash-positive position in 1Q 2026.CIRC
Q1 2026 - 2025 saw 72% revenue growth, record profitability, and upgraded 2026 guidance.CIRC
H2 2025 - Record growth, SaaS innovation, and M&A drive ambitious €50M+ revenue target by 2029.CIRC
Investor presentation - Strong 2025 growth and innovation set the stage for ambitious €50M+ revenue by 2029.CIRC
Investor presentation - 2025 guidance raised as international expansion, M&A, and AI-driven logistics fuel growth.CIRC
Investor presentation - H1 2024 saw €7.3M production value, 24.1% EBITDA margin, and 30% international revenue share.CIRC
H1 2024 - Production value up 62% and EBITDA up 52% in H1 2025, with 2025 guidance raised.CIRC
H1 2025
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