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Circle (CIRC) investor relations material

Circle H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2025 earnings summary12 Mar, 2026

Executive summary

  • Achieved significant growth in value of production despite a challenging macroeconomic and geopolitical environment, meeting targets set in the "Connect 4 Agile Growth" plan.

  • Acquisitions completed at the end of 2024 contributed to a notable increase in service sales and strengthened market presence across Central, Eastern, and Mediterranean Europe.

  • Operational and commercial acceleration in the second half of 2025 enabled results to exceed the upper end of guidance and improved the outlook for 2026.

  • Product enhancements and the launch of new digital solutions, including the first European eFTI platform and advanced fleet management tools, reinforced the Group's position as a technological enabler in multimodal logistics.

Financial highlights

  • Multi-year backlog as of December 31, 2025, increased to €34.1 million, up from €28.5 million year-over-year.

  • Results for 2025 closed above expectations, which had already been revised upward in September 2024.

Outlook and guidance

  • Strengthened outlook for 2026, with structural growth and new strategic partnership opportunities emerging in early 2026.

  • Guidance for 2025 was exceeded, and the Group is positioned for further growth along the "Connect 4 Agile Growth" plan trajectory.

Impact of Login Business call on 2025 results
Role of 2024 acquisitions in European expansion
Terms of the proposed 2026 share buyback plan
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