TRIESTE – Revenue and profitability rose for CIRCLE Group in 2025, with results confirming the company’s expansion in digital services for ports and intermodal logistics.
The company’s board of directors – an innovative SME listed on Euronext Growth Milan and specialising in the development of solutions for the digitalisation of port and logistics processes – approved the preliminary figures relating to consolidated production value and certain economic indicators as at 31 December 2025, which have not yet been audited. In 2025, consolidated production value reached 25.1 million euros, up 72% from the 14.6 million recorded in 2024.
The figure is in line with the guidance set out in the 2025-2028 business plan, “Connect 4 Agile Growth”, which indicated a range of between 24 and 26.4 million euros after the update issued with the 2025 half-year report. A significant contribution to growth came from the company’s proprietary software products, also distributed in SaaS mode on a cloud platform. This component generated revenue of 7.5 million euros, more than double the 3.3 million recorded in 2024, with an increase of 131%. Milos® Federative Services also expanded strongly, reaching 2.3 million euros against 0.9 million in the previous year, marking an increase of 156%.
In terms of profitability, EBITDA stood at 6.1 million euros, up 101% from 3 million in 2024 and above the guidance set out in the business plan, which indicated a 2025 value of between 5 and 5.7 million. The EBITDA margin rose to 24%, compared with 21% recorded the previous year. According to the company, 2025 was marked by a complex macroeconomic and geopolitical context, but also by strong business expansion. An important role was played by the acquisitions completed at the end of 2024, which helped broaden the service offering, strengthen synergies within the group and increase its commercial presence in European markets, particularly in central and eastern Europe and the Mediterranean area. At the end of 2025, the group’s multi-year backlog, calculated on a management basis with visibility through to 2027, reached 34.1 million euros, up from 28.5 million recorded at the end of 2024.
The board of directors also decided to submit to the shareholders’ meeting a new share buyback and treasury share disposal plan. The initiative is intended to provide the company with an instrument of financial flexibility, which may also be used for extraordinary transactions or incentive schemes linked to the group’s growth.
