PRESS RELE ASE
CIRCLE GROUP: 1H 2026 HIGHLIGHT S ARE APPR OVED
CONSOLID ATED VALUE OF PRODUC TION EQUAL TO EUR 15.8 MILLION, WITH
DOUBLE -DIGIT
GROWTH
(UP
34%
YoY)
EXCELLENT PERF ORMANCE OF PROPRIET ARY SOFTW ARE PRODUC TS (UP 11% YoY) AND
MILOS®
FEDERA TIVE
SERVICE S
(UP
75%
YoY)
SOLID AND STILL-GR OWING BACKLOG STANDS AT EUR 36.7 MILLION
SIGNIFICANT IMPR OVEMENT IN NET FINANCIAL POSITION (CASH POSITIVE) AMOUNTING
TO
EUR
4.8
MILLION
FIRST HALF SHO WS GROWTH, A SOLID BUSINE SS MODEL , WITH EXCELLENT OUTL OOK FOR
THE
SECOND
HALF
Milan, September 14, 2026 CIRCLE S.p.A. ("CIRCLE" or “the Compan y”) - Inno vative SME listed on the Euronext Growth Milan mark et at the head of the Group of the same name specializing in the process,
analy sis
and
the
developmen t
of
solutions
for
the
digit alization
of
the
port
and
intermodal
logis tics
sectors
and
in
interna tional
consult ancy
on
the
Green
Deal
and
ener gy
transition
issues
-
announces
that
the
Boar d
of
Directors
today
appr oved
the
select ed
unaudit ed
financial
data
for
the
first
half
of
2026
.
The figur es for the first half of 2026 reflect the positiv e performance of the business;
specific ally:
● Consolida ted Value of Production totaled Eur 15.8 million, up 34% compar ed to the
first
half
of
2025
(Eur
11.8
million);
● Proprie tary Softw are Products, also offered in SaaS (Softw are as a Service) mode on a
cloud
platform,
shows
an
increase
equal
to
11%
compar ed
to
the
first
half
of
2025;
● Milos® Feder ative Services recorded a 75% increase compar ed to the first half of
2025;
● Backlog as of the end of June 2026 amoun ted to Eur 36.7 million (Eur 34.1 million at the
end
of
2025),
calcula ted
based
on
oper ational
data
and
with
visibility
through
31.12.2027
(with
the
exception
of
European
projects,
until
their
expiration
dates);
●
Net
Financial
Position
(cash
positiv e)
impr oved
signific antly,
reaching
Eur
4.8
million
(cash
positiv e
by
Eur
2.6
million
as
of
31.12.2025).
The table belo w shows a comparison with the first half of 2025.
EUR 30.06.2025 30.06.2026 Chang e % Group Value of Production 11,777,275 15,780,326 34% Proprie tary Softw are Products 4,096,549 4,552,900 11% Milos® Feder ative Services 901,242 1,576,272 75%
The results for the first half of 2026 reflect the positiv e business perf ormance, thank s in
part
to
the
residual
contribution
from
contracts
related
to
the
National
Recovery
and
Resilience
Plan
(PNRR),
which
were
comple ted
during
the
period
and
helped
further
acceler ate
revenue
growth,
along
with
growth
in
core
activities
and
the
progressiv e
developmen t
of
the
Group’ s
integrated
solutions
.
This
increase
was
accompanied
by
further
growth
in
solid
profitability
levels
,
confirming
CIRCLE
Group’ s
ability
to
combine
growth,
oper ational
efficiency ,
and
a
high-quality
business
mix.
In
this
context,
the
Group
continued
to
implemen t
its
“
Connect
4
Agile
Growth
”
strategy,
further
strengthening
its
position
in
the
digitiz ation
and
inno vation
of
logis tics
and
transport ation.
In light of the results achie ved in the first half of 2026 and the Group’ s positiv e oper ational and
commer cial
performance,
CIRCLE
will
therefore
signific antly
exceed
the
forecasts
for
Value
of
Production
for
fiscal
year
2026.
Please
note
that
the
guidance
for
2026
regarding
the Value of Production was Eur 27.2-28.8 million as announced by the Compan y (press release).
Luca Abatello, Presiden t & CEO of CIRCLE Group, commen ted: “The first half of 2026
confirms
the
CIRCLE
Group’ s
growth
traject ory
and
the
strength
of
our
business
model,
building on the positive results of the first quart er. The second half of the year has begun
with
equally
encouraging
signs,
support ed
by
positive
operational
and
commercial
performanc e,
which
confirms
a
growth
traject ory
that
is
increasingly
independen t
of
the
drivers
of
PNRR-relat ed
contracts.
In
the
first
few
mon ths
of
the
year ,
we
continued
to
secure
new
contracts
on
a
consis tent
basis,
and
we
are
working
to
bring
all
services
to
full
operational
capacity ,
which
will
generat e
signific ant
recurring
revenue.
At
the
same
time,
the
continuation
of
European
projects
and
the
new
Inno vation
Agreemen t
provide
us
with
multi- year
visibility
into
investmen t
planning
for
the
next
three
years,
further
strengthening
the
conditions
to
support
the
Group’ s
growth
and
developmen t
in
the
medium
to
long
term.
Another strategic elemen t concerns our in-house artificial intelligenc e division, which is
already
operational
and
has
been
signific antly
strengthened
over
the
course
of
the
year ,
both
in
terms
of
expertise
and
project
capabilities.
This
initiative
has
led
to
the
developmen t
of
a
new
product
(MIL OS
SINAPSE),
curren tly
being
tested
with
select
clien ts,
whose
evolution
will
continue
in
the
coming
mon ths
and
will
reach
a
major
developmen t
miles tone
by
the
first
quart er
of
2027.
At the same time, M&A activities are continuing in line with the Group’ s strategic growth
guidelines,
and
we
expect
to
provide
further
updat es
on
these
in
the
coming
mon ths,
both
regarding
federat ed
services
and
international
growth.”
*** Circle Group announces that on September 30, it will participa te in the European MidCap
Event
in
Paris
alongside
Integrae
SIM,
and
on
October
5,
2026
at
11.30
am,
an
Investor
Day
will
be
held
at
Integrae
SIM
during
which
consolida ted
results
for
the
first
half
of
2026
will
be
presen ted
to
the
mark et.
A
“save-the-da te”
with
full
details
will
be
sent
in
the
coming
days.
For
further
informa tion
and
to
attend
the
event,
please
write
to:
ir@cir cletouch.eu
*** This press release is available at www.circlegroup.eu in the Investor Relations section and www.1info.it. ***
Founded in Genoa in 2012, Circle S.p.A. is the Innovative SME heading Circle Group, listed on Euronext
Growth
Milan
since
2018
and
specialised
in
process
analysis
and
the
development
of
solutions
for
the
innovation
and
digitalisation
of
the
port
and
intermodal
logistics
sectors,
as
well
as
in
international
consulting
on
Green
Deal
and
energy
transition
matters.
The Group includes the software houses Info.era, NEXT Freight, eXyond, Cargo Start, QMap, the consulting
firms
Magellan
Circle
and
Magellan
Circle
Italy
,
NEXT
Customs
,
and
the
associate
company
ACCUDIRE
.
In the field of digital innovation, the Milos® Intelligence platform integrates advanced AI, simulation and
Digital
Twin
technologies
to
support
decision-making
processes
and
systems
digitalisation,
with
solutions
such
as
the
Extended
Port
Community
System
,
MasterSPED®
,
Milos®
TOS,
Milos®
MTO,
Milos®
TFP,
Milos®
Global
Supply
Chain
Visibility
and
StarTracking
.
Complementing
the
offer,
Federated
Services
(cloud-based)
enable
a
more
efficient
migration
towards
digital
business
models.
Through Magellan Circle and Magellan Circle Italy, the Group operates in Brussels and across Europe in
advocacy
activities
with
European
Institutions,
supporting
public
bodies
and
companies
with
Strategic
Communication
and
Advocacy
and
EU
Funding
Accelerator
services,
with
a
focus
on
the
Green
Deal
and
energy
transition.
With Cargo Start, specialised in technology solutions for air cargo, Circle has strengthened its offering in a
segment
that
is
strategic
to
the
Connect
4
Agile
Growth
industrial
plan.
With
eXyond
,
the
Group
is
active
in
advanced
infomobility
services
(InfoBluNewGen)
and
telematics
solutions
for
the
logistics,
transport
and
insurance
sectors
(Kmaster).
Circle also holds a 20% stake in the innovative start-up ACCUDIRE, which provides a collaborative platform for
document
management
along
global
supply
chains,
starting
from
e-CMR
and
e-DDT
(electronic
consignment
notes).
With
NEXT
Customs
,
the
Group
develops
digital
customs
optimisation
services,
contributing
to
process
harmonisation
in
line
with
the
strategic
directions
of
Connect
4
Agile
Growth.
Circle S.p.A. has been listed on the Euronext Growth Milan market of Borsa Italiana since 26 October 2018
(alphanumeric
code:
CIRC;
ordinary
share
ISIN
code:
IT.
0005344996).
*** For further information Circle S.p.A. Registered office Via Giovanni Battista Pergolesi 26, 20124 Milano Operational headquarters Piazza Borgo Pila 40 (Torre A interno 46), 16129 Genova Investor Relations EMail: ir@circletouch.eu | Mobile: +39 348 3067877 Media Relations: Image Building Via Privata Maria Teresa, 11 20123 – Milano Email: circle@imagebuilding.it | Phone: +39 02 89011300 Euronext Growth Advisor: Integrae SIM S.p.A. Piazza Castello 24, 20121 Milano Email: info@integraesim.it | Phone: 02.80.50.61.60