Circle (CIRC) Investor presentation summary

Business overview and strategic positioning

• Specializes in digital solutions for port and intermodal logistics, with a focus on sustainability and energy transition.

• Offers proprietary platforms like Milos®, MasterSped®, and StarTracking® for logistics, customs, and real-time tracking.

• Operates internationally with offices in Italy, Belgium, Portugal, and partnerships in Turkey and Greece.

• Over 30% of revenues generated outside Italy, targeting Southern Europe, Mediterranean, Black Sea, and Middle East.

• Recognized in the Gartner Vendor Guide for supply chain operational visibility solutions.

Financial performance and growth

• 2025 revenues reached €25.1 million, up 72% from 2024; EBITDA at €6.1 million with a 24% margin.

• Net profit for 2025 was €2.3 million; cash-positive net financial position (NFP ADJ) of €-4.9 million.

• International revenues exceeded €5.2 million, accounting for over 21% of total.

• 2026 revenue guidance updated to €27.2–28.8 million, with EBITDA expected between €6–7 million.

• Systematic M&A and alliances drive growth, with recent acquisitions like QMap and synergies with Infoblu and Kmaster.

Product and service evolution

• Proprietary product revenues grew 131% in 2025, with Milos® federative services up 156%.

• Service mix shifting toward product licenses and professional services, with consultancy and projects still significant.

• Focus on SaaS, cloud-based, and pay-per-use models for scalability and cost efficiency.

• Advanced AI, machine learning, and digital twin technologies integrated for predictive logistics and optimization.

• Milos® Intelligence ecosystem leverages agentic AI and multimodal generative AI for operational excellence.