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 a suite of proprietary products including Milos®, MasterSped®, StarTracking®, and KMaster® for logistics, customs, and telematics.

• Operates internationally with offices in Italy, Belgium, Portugal, and partnerships in Turkey and Greece; over 30% of revenues generated outside Italy.

• Completed 8 M&As since 2017, expanding capabilities in port, customs, air cargo, and advocacy services.

• Recognized by Gartner for supply chain visibility solutions and included in the Gartner Vendor Guide.

Financial performance and growth

• 2024 revenues reached €14.6 million, with proforma revenues (including recent acquisitions) at €21.4 million.

• Adjusted EBITDA for 2024 was €3.3 million, with proforma EBITDA at €4.3 million and a margin of 20%.

• Net profit adjusted at €1.8 million; net financial position (cash positive) at €2.3 million.

• Value of production grew 62% year-over-year in H1 2025, with proprietary software product revenues up 105%.

• 2025 guidance updated: value of production expected at €24–26.4 million, EBITDA at €5–5.7 million.

International expansion and market opportunity

• Strategic focus on expanding in the Mediterranean, Balkans, Central Europe, Middle East, and North Africa.

• International turnover rose from 26% to 28% of total value of production in 2024.

• eXyond acquisition increased total addressable market by nearly 25%, with 2028 potential market size estimated at €4.8 billion.

• Ongoing projects and feasibility studies in partnership with European and Middle Eastern agencies.