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Circle (CIRC) investor relations material
Circle H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Production value reached €11.8 million in 1H 2025, up 62% year-over-year, driven by strong growth in proprietary products and federative services.
EBITDA rose 52% to €2.7 million, with a margin of 22.6%; net profit increased 2% to €1.1 million.
Integration of acquisitions (exyond, Circle Garage) and new product launches supported performance despite macroeconomic challenges.
Strategic contracts and international expansion, including new collaborations and tenders, contributed to growth.
Financial highlights
Revenues from sales and services grew 70% to €9.7 million compared to 1H 2024.
Proprietary software product sales increased 105% year-over-year; federative services up 80%.
EBITDA reached €2.7 million (+52%), EBIT adjusted €1.5 million (+15%), EBIT €1.2 million (stable), net profit €1.1 million (+2%).
Net financial debt at €0.8 million, with adjusted net financial debt (cash positive) at €2.2 million.
Investments in 1H 2025 totaled €1 million, mainly in intangible assets and product development.
Outlook and guidance
2025 production value guidance raised to €24–26.4 million; EBITDA expected at €5–5.7 million.
2026 production value forecast at €27–28.5 million, EBITDA at €6–7 million.
Strong demand anticipated from the PNRR Login Business call and regulatory changes (e-CMR, eFTI).
Focus on consolidating and expanding services to meet increased client demand.
- TimeTickerHeadlineOpen
- 6 FebISCTR
Net profit hit TL 67.4 billion in 2025, with strong NIM, fee growth, and solid 2026 outlook. - 6 FebSCW
73% revenue growth and record backlog driven by new space contracts and strategic investments. - 6 FebCDP
2025 FFO/share rose 5.8% with strong leasing and retention; 2026 guidance signals further growth. - 6 FebSCW
Revenue at 15.86 mln PLN, backlog 17.14 mln PLN, and major space contracts drive 2025 outlook. - 6 FebPENG
All proposals passed, with no questions raised during the Q&A session. - 6 FebSCW
Q2 2024 revenue up 115% y/y, backlog nearly doubled, Space segment leads growth. - 6 FebPECO
2026 FFO per share growth guided at 5.5% with record occupancy and strong acquisitions. - 6 FebSCW
Q2 2025 revenue surged 120% y/y, driven by a record Asian contract and a tripled backlog. - 6 FebSCW
Q1 2025 revenue jumped 97% year-over-year, with strong backlog and major new contracts secured. - 6 FebSCW
Q3 revenue up 39% y/y, backlog at 58.3 mln PLN, Space leads growth with global contracts.
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