Income Statement Software Circle plc

Stocks

SFT

GB0009638130

IT Services & Consulting

Market Closed - London S.E. Other stock markets 11:35:22 2026-07-24 EDT			5-day change	1st Jan Change
16.00 ^GBX	0.00%		0.00%	-32.77%

07-23	EARNINGS AND TRADING: Naked Wines loss widens as sales decline 20%	AN
07-23	Software Circle plc Reports Earnings Results for the Full Year Ended March 31, 2026	CI

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Published financial data: SOFTWARE CIRCLE PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	9.75M	8.92M	11.68M	16.16M	18.27M
Total Revenues	9.75M	8.92M	11.68M	16.16M	18.27M
Cost of Goods Sold, Total	4.17M	5.38M	5.93M	5.97M	5.03M
Gross Profit	5.58M	3.54M	5.75M	10.19M	13.25M
Selling General & Admin Expenses, Total	4.43M	2.02M	3.47M	5.33M	7.43M
Provision for Bad Debts	-	32K	68K	527K	-
Stock-Based Compensation (IS)	-	-	-	-	-
Depreciation & Amortization - (IS)	1.7M	944K	1.56M	3.55M	4.61M
Other Operating Expenses	1.94M	1.32M	1.81M	2.87M	2.4M
Other Operating Expenses, Total	8.07M	4.32M	6.9M	12.28M	14.44M
Operating Income	-2.5M	-778K	-1.15M	-2.09M	-1.2M
Interest Expense, Total	-424K	-346K	-830K	-1.05M	-648K
Interest And Investment Income	16K	6K	135K	400K	386K
Net Interest Expenses	-408K	-340K	-695K	-646K	-262K
Currency Exchange Gains (Loss)	-53K	-	-	17K	54K
Other Non Operating Income (Expenses)	-	-	-	-249K	-293K
EBT, Excl. Unusual Items	-2.96M	-1.12M	-1.85M	-2.96M	-1.7M
Restructuring Charges	-97K	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	1.71M
Asset Writedown	-	-	-805K	-1.44M	-
Other Unusual Items	729K	-	-	923K	-683K
EBT, Incl. Unusual Items	-2.33M	-1.12M	-2.65M	-3.48M	-671K
Income Tax Expense	-241K	-559K	-1.24M	-1.11M	-342K
Earnings From Continuing Operations	-2.08M	-559K	-1.41M	-2.37M	-329K
Earnings Of Discontinued Operations	-	-591K	32K	-	-
Net Income to Company	-2.08M	-1.15M	-1.38M	-2.37M	-329K
Net Income - (IS)	-2.08M	-1.15M	-1.38M	-2.37M	-329K
Net Income to Common Incl Extra Items	-2.08M	-1.15M	-1.38M	-2.37M	-329K
Net Income to Common Excl. Extra Items	-2.08M	-559K	-1.41M	-2.37M	-329K
Per Share Items
Net EPS - Basic	-0.02	-0.01	-0.01	-0.01	-0
Basic EPS - Continuing Operations	-0.02	-0	-0.01	-0.01	-0
Basic Weighted Average Shares Outstanding	114M	114M	114M	257M	390M
Net EPS - Diluted	-0.02	-0.01	-0.01	-0.01	-0
Diluted EPS - Continuing Operations	-0.02	-0	-0.01	-0.01	-0
Diluted Weighted Average Shares Outstanding	114M	114M	114M	257M	390M
Normalized Basic EPS	-0.02	-0.01	-0.01	-0.01	-0
Normalized Diluted EPS	-0.02	-0.01	-0.01	-0.01	-0
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	-1.91M	35K	288K	810K	2.67M
EBITA	-2.09M	-67K	170K	633K	2.5M
EBIT	-2.5M	-778K	-1.15M	-2.09M	-1.2M
EBITDAR	-1.89M	53K	323K	924K	2.76M
Effective Tax Rate - (Ratio)	10.36	50	46.89	31.92	50.97
Total Current Taxes	-167K	-178K	-109K	60K	74K
Total Deferred Taxes	-74K	-381K	-1.13M	-1.18M	-416K
Normalized Net Income	-1.85M	-699K	-1.15M	-1.85M	-1.06M
Interest on Long-Term Debt	415K	339K	712K	1.05M	648K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	389K	678K	1.43M	2.86M	185K
Net Rental Expense, Total	23K	18K	35K	114K	88K
Imputed Operating Lease Interest Expense	13.79K	8.87K	20.33K	68.52K	45.79K
Imputed Operating Lease Depreciation	9.21K	9.13K	14.67K	45.48K	42.21K
Stock-Based Comp., Other (Total)	10K	4K	-	37K	106K
Total Stock-Based Compensation	10K	4K	-	37K	106K

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.74M	1.46M	1.99M	15.39M	8.57M
Total Cash And Short Term Investments	2.74M	1.46M	1.99M	15.39M	8.57M
Accounts Receivable, Total	1.32M	1.28M	1.65M	1.84M	1.31M
Other Receivables	227K	-	2.19M	443K	476K
Total Receivables	1.54M	1.28M	3.84M	2.29M	1.78M
Inventory	444K	29K	31K	33K	26K
Prepaid Expenses	278K	283K	110K	130K	96K
Other Current Assets, Total	-	6.23M	-	-	-
Total Current Assets	5.01M	9.29M	5.97M	17.84M	10.47M
Gross Property Plant And Equipment	9.52M	3.11M	3.63M	2.86M	2.14M
Accumulated Depreciation	-4.45M	-2.03M	-2.25M	-1.61M	-1.38M
Net Property Plant And Equipment	5.06M	1.08M	1.38M	1.24M	764K
Goodwill	144K	126K	623K	942K	9.77M
Other Intangibles, Total	2.58M	336K	14.76M	12.79M	14.8M
Deferred Tax Assets Long-Term	-	-	-	-	-
Deferred Charges Long-Term	791K	929K	880K	1.57M	2.29M
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	13.58M	11.76M	23.62M	34.39M	38.1M
Liabilities
Accounts Payable, Total	689K	1.51M	700K	737K	504K
Accrued Expenses, Total	358K	-	428K	383K	438K
Short-term Borrowings	209K	-	-	-	1.63M
Current Portion of Long-Term Debt	120K	308K	3.76M	1.35M	899K
Current Portion of Leases	602K	-	120K	792K	159K
Unearned Revenue Current, Total	60K	77K	186K	734K	1.48M
Other Current Liabilities	752K	3.53M	689K	658K	1.41M
Total Current Liabilities	2.79M	5.43M	5.88M	4.66M	6.52M
Long-Term Debt	2.96M	3.84M	13.89M	6.14M	7.61M
Long-Term Leases	3.18M	-	951K	847K	499K
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	389K	-	1.97M	1.07M	2.08M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	9.33M	9.27M	22.69M	12.7M	16.7M
Common Stock, Total	1.14M	1.14M	1.14M	3.9M	3.9M
Additional Paid In Capital	7.87M	7.87M	7.87M	28.26M	28.26M
Retained Earnings	-5.68M	-7.52M	-9.13M	-11.41M	-11.73M
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	922K	992K	1.04M	933K	966K
Total Common Equity	4.25M	2.49M	928K	21.68M	21.39M
Total Equity	4.25M	2.49M	928K	21.68M	21.39M
Total Liabilities And Equity	13.58M	11.76M	23.62M	34.39M	38.1M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	114M	114M	114M	390M	390M
ECS Total Common Shares Outstanding	114M	114M	114M	390M	390M
Book Value / Share	0.04	0.02	0.01	0.06	0.05
Tangible Book Value	1.54M	2.03M	-14.46M	7.95M	-3.18M
Tangible Book Value Per Share	0.01	0.02	-0.13	0.02	-0.01
Total Debt	7.08M	4.15M	18.72M	9.13M	10.8M
Net Debt	4.34M	2.69M	16.72M	-6.26M	2.23M
Debt Equivalent Oper. Leases	184K	144K	280K	912K	704K
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	444K	29K	31K	33K	26K
Inventories - Work In Process, Total	-	-	-	-	-
Land - (BS)	2.58M	1.84M	-	-	-
Machinery, Total	6.94M	1.27M	1.61M	1.37M	1.05M
Full Time Employees	159	146	92	131	157
Accumulated Allowance for Doubtful Accounts (Supple)	1.09M	-	1.15M	660K	439K

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-2.08M	-1.15M	-1.38M	-2.37M	-329K
Depreciation & Amortization - CF	584K	233K	235K	333K	330K
Amortization of Goodwill and Intangible Assets - (CF)	405K	711K	1.32M	2.72M	3.7M
Depreciation & Amortization, Total	989K	944K	1.56M	3.05M	4.03M
Amortization of Deferred Charges, Total - (CF)	716K	-	-	499K	579K
(Gain) Loss From Sale Of Asset	-9K	-9K	4K	-13K	-1.94M
Asset Writedown & Restructuring Costs	-	-	-	-	181K
Stock-Based Compensation (CF)	10K	4K	-	37K	106K
Provision and Write-off of Bad Debts	169K	-54K	68K	527K	83K
Net Cash From Discontinued Operations	-	-139K	104K	-	-
Other Operating Activities, Total	390K	438K	348K	612K	844K
Change In Accounts Receivable	465K	-86K	19K	-274K	978K
Change In Inventories	-96K	2K	-2K	-2K	7K
Change In Accounts Payable	-338K	184K	-413K	559K	-1.6M
Cash from Operations	211K	134K	308K	2.63M	2.94M
Capital Expenditure	-90K	-27K	-60K	-70K	-61K
Sale of Property, Plant, and Equipment	10K	-	1K	25K	46K
Cash Acquisitions	-84K	-	-8.37M	-4.1M	-8.68M
Divestitures	-	-	100K	-	-
Sale (Purchase) of Intangible assets	-678K	-545K	-390K	-1.13M	404K
Other Investing Activities, Total	-	-3K	-	-	329K
Cash from Investing	-842K	-575K	-8.72M	-5.28M	-7.97M
Short Term Debt Issued, Total	81K	-	-	-	-
Long-Term Debt Issued, Total	3.01M	-	9.52M	-	6.7M
Total Debt Issued	3.09M	-	9.52M	-	6.7M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-492K	-311K	-422K	-7.03M	-7.49M
Total Debt Repaid	-492K	-311K	-422K	-7.03M	-7.49M
Issuance of Common Stock	75K	-	-	23.42M	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-407K	-397K	-158K	-345K	-997K
Cash from Financing	2.27M	-708K	8.94M	16.05M	-1.79M
Foreign Exchange Rate Adjustments	-	-	-	-2K	-10K
Net Change in Cash	1.64M	-1.15M	532K	13.4M	-6.82M
Supplemental Items
Cash Interest Paid	269K	67K	63K	65K	997K
Cash Income Tax Paid (Refund)	-172K	-	-67K	6K	-2K
Levered Free Cash Flow	-794K	-2.63M	603K	2.46M	5.76M
Unlevered Free Cash Flow	-529K	-2.41M	1.12M	3.12M	6.17M
Change In Net Working Capital	-85K	2.3M	-735K	-2.03M	-1.86M
Net Debt Issued / Repaid	2.6M	-311K	9.1M	-7.03M	-793K

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	-11.57	-3.84	-4.07	-4.5	-2.07
Return on Total Capital	-14.3	-5.41	-5.47	-5.17	-2.38
Return On Equity %	-39.68	-16.58	-82.44	-20.97	-1.53
Return on Common Equity	-39.68	-16.58	-82.44	-20.97	-1.53
Margin Analysis
Gross Profit Margin %	57.19	39.69	49.24	63.06	72.49
SG&A Margin	45.43	22.64	29.73	32.98	40.68
EBITDA Margin %	-19.62	0.39	2.47	5.01	14.63
EBITA Margin %	-21.46	-0.75	1.46	3.92	13.68
EBIT Margin %	-25.62	-8.73	-9.86	-12.9	-6.56
Income From Continuing Operations Margin %	-21.39	-6.27	-12.06	-14.66	-1.8
Net Income Margin %	-21.39	-12.9	-11.78	-14.66	-1.8
Net Avail. For Common Margin %	-21.39	-6.27	-12.06	-14.66	-1.8
Normalized Net Income Margin	-18.97	-7.84	-9.88	-11.46	-5.81
Levered Free Cash Flow Margin	-8.14	-29.46	5.16	15.23	31.55
Unlevered Free Cash Flow Margin	-5.42	-27.03	9.61	19.27	33.76
Asset Turnover
Asset Turnover	0.72	0.7	0.66	0.56	0.5
Fixed Assets Turnover	1.85	2.9	9.49	12.31	18.22
Receivables Turnover (Average Receivables)	6.37	6.86	7.98	9.26	11.59
Inventory Turnover (Average Inventory)	10.56	22.74	197.57	186.59	170.44
Short Term Liquidity
Current Ratio	1.79	1.71	1.01	3.83	1.61
Quick Ratio	1.54	0.51	0.99	3.8	1.59
Operating Cash Flow to Current Liabilities	0.08	0.02	0.05	0.56	0.45
Days Sales Outstanding (Average Receivables)	57.31	53.2	45.75	39.52	31.5
Days Outstanding Inventory (Average Inventory)	34.55	16.05	1.85	1.96	2.14
Average Days Payable Outstanding	86.1	80.95	68.09	44.03	45.11
Cash Conversion Cycle (Average Days)	5.76	-11.7	-20.49	-2.54	-11.47
Long Term Solvency
Total Debt/Equity	166.43	166.8	2.02K	42.1	50.48
Total Debt / Total Capital	62.47	62.52	95.28	29.63	33.55
LT Debt/Equity	144.55	154.42	1.6K	32.21	37.9
Long-Term Debt / Total Capital	54.25	57.88	75.53	22.67	25.18
Total Liabilities / Total Assets	68.68	78.84	96.07	36.95	43.85
EBIT / Interest Expense	-5.89	-2.25	-1.39	-1.99	-1.85
EBITDA / Interest Expense	-3.56	0.48	0.49	0.92	4.37
(EBITDA - Capex) / Interest Expense	-3.77	0.4	0.42	0.86	4.27
Total Debt / EBITDA	-4.69	25	46.21	9.45	3.82
Net Debt / EBITDA	-2.88	16.19	41.29	-6.48	0.79
Total Debt / (EBITDA - Capex)	-4.43	29.86	54.25	10.19	3.9
Net Debt / (EBITDA - Capex)	-2.72	19.34	48.47	-6.99	0.81
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-37.53	28.4	30.97	38.43	13.05
Gross Profit, 1 Yr. Growth %	-30.11	4.83	62.48	77.29	29.94
EBITDA, 1 Yr. Growth %	-17.54	-59.3	722.86	-369.1	230
EBITA, 1 Yr. Growth %	-21.44	-59.64	-353.73	-251.07	294.94
EBIT, 1 Yr. Growth %	-18.66	-18.02	47.94	81.23	-42.52
Earnings From Cont. Operations, 1 Yr. Growth %	-38.19	-42.61	151.88	68.32	-86.12
Net Income, 1 Yr. Growth %	-38.19	-44.84	19.65	72.24	-86.12
Normalized Net Income, 1 Yr. Growth %	-12.67	-8.59	65.12	60.56	-42.65
Diluted EPS Before Extra, 1 Yr. Growth %	-44.07	-42.74	151.05	-24.98	-90.86
Accounts Receivable, 1 Yr. Growth %	-24.38	-2.81	28.49	12.09	-29.05
Inventory, 1 Yr. Growth %	28.32	-93.47	6.9	6.45	-21.21
Net Property, Plant and Equip., 1 Yr. Growth %	-7.62	-78.74	28.51	-10.26	-38.49
Total Assets, 1 Yr. Growth %	1.45	-13.44	100.9	45.58	10.8
Tangible Book Value, 1 Yr. Growth %	-51.38	31.99	-813.62	-154.97	-140.03
Common Equity, 1 Yr. Growth %	-31.98	-41.51	-62.7	2.24K	-1.32
Cash From Operations, 1 Yr. Growth %	-119.3	-36.79	129.85	752.92	28.3
Capital Expenditures, 1 Yr. Growth %	-76.5	-70	122.22	16.67	-12.86
Levered Free Cash Flow, 1 Yr. Growth %	-26.35	1.13K	-122.95	270.99	134.19
Unlevered Free Cash Flow, 1 Yr. Growth %	-38.8	7.18K	-146.54	177.74	98.05
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-21.85	-24.41	29.68	34.65	25.1
Gross Profit, 2 Yr. CAGR %	-19.23	-33.39	30.51	69.72	51.78
EBITDA, 2 Yr. CAGR %	-7.09	-87.72	83	381.07	198
EBITA, 2 Yr. CAGR %	-11.96	-84.14	1.2	207.37	144.27
EBIT, 2 Yr. CAGR %	-9.7	-49.66	10.13	63.74	2.06
Earnings From Cont. Operations, 2 Yr. CAGR %	-14.06	-59.29	20.23	105.91	-51.66
Net Income, 2 Yr. CAGR %	-14.06	-41.61	-18.76	43.56	-51.1
Normalized Net Income, 2 Yr. CAGR %	-4.47	-42.55	22.86	62.82	-4.04
Diluted EPS Before Extra, 2 Yr. CAGR %	-30.47	-61.32	19.89	37.24	-73.82
Accounts Receivable, 2 Yr. CAGR %	-28.43	-14.27	11.75	20.01	-10.82
Inventory, 2 Yr. CAGR %	-1.22	-71.05	-73.58	6.67	-8.42
Net Property, Plant and Equip., 2 Yr. CAGR %	15.53	-55.68	-47.73	7.39	-25.7
Total Assets, 2 Yr. CAGR %	-0.81	-6.29	31.87	71.02	27
Tangible Book Value, 2 Yr. CAGR %	-14.07	-19.89	206.9	98.05	-53.09
Common Equity, 2 Yr. CAGR %	-13.12	-36.93	-53.29	195.2	380.14
Cash From Operations, 2 Yr. CAGR %	-54.96	-64.99	20.53	342.77	209.06
Capital Expenditures, 2 Yr. CAGR %	-56.7	-73.45	-18.35	61.02	0.83
Levered Free Cash Flow, 2 Yr. CAGR %	-6.56	56.13	67.7	-3.19	194.76
Unlevered Free Cash Flow, 2 Yr. CAGR %	-18.34	67.05	481.9	13.69	134.53
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-12.66	-17.64	-9.21	32.53	27.02
Gross Profit, 3 Yr. CAGR %	-12.55	-25.46	-10.34	44.54	55.26
EBITDA, 3 Yr. CAGR %	54.67	-74.91	-50.12	111.18	324.27
EBITA, 3 Yr. CAGR %	32.22	-70.83	-60.03	56.23	234.16
EBIT, 3 Yr. CAGR %	31.3	-36.66	-27.89	30.02	15.51
Earnings From Cont. Operations, 3 Yr. CAGR %	30.14	-41.71	-25.26	34.5	-16.2
Net Income, 3 Yr. CAGR %	30.14	-25.87	-25.83	4.36	-34.11
Normalized Net Income, 3 Yr. CAGR %	33.62	-29.87	-18.32	34.32	14.99
Diluted EPS Before Extra, 3 Yr. CAGR %	-4.04	-49.43	-27.85	2.55	-44.38
Accounts Receivable, 3 Yr. CAGR %	-21.88	-20.74	-1.89	11.86	0.72
Inventory, 3 Yr. CAGR %	-0.45	-60.06	-55.25	-57.96	-3.57
Net Property, Plant and Equip., 3 Yr. CAGR %	34.62	-34.28	-36.8	-37.41	-10.81
Total Assets, 3 Yr. CAGR %	7.57	-5.21	20.83	36.29	47.98
Tangible Book Value, 3 Yr. CAGR %	94.69	-0.86	66.06	72.99	16.23
Common Equity, 3 Yr. CAGR %	2.2	-23.86	-47.06	72.09	104.87
Cash From Operations, 3 Yr. CAGR %	-42.21	-49.49	-34.44	131.41	180.01
Capital Expenditures, 3 Yr. CAGR %	-57.05	-61.68	-46.09	-8.04	31.22
Levered Free Cash Flow, 3 Yr. CAGR %	-0.56	42.43	-17.6	125.6	29.96
Unlevered Free Cash Flow, 3 Yr. CAGR %	-9.84	44.87	9.1	354.76	36.79
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.97	-3.12	-4.41	0.25	3.21
Gross Profit, 5 Yr. CAGR %	-4.81	-11.68	-7.16	3.59	10.67
EBITDA, 5 Yr. CAGR %	31.91	-41.84	-11.04	-18.23	2.87
EBITA, 5 Yr. CAGR %	68.07	-40.02	-28.43	-25.18	-1.26
EBIT, 5 Yr. CAGR %	111.5	-3.42	0.86	-7.39	-17.14
Earnings From Cont. Operations, 5 Yr. CAGR %	190.95	-2.21	8.28	-3.44	-37.22
Net Income, 5 Yr. CAGR %	100.72	12.97	7.78	-3.44	-37.22
Normalized Net Income, 5 Yr. CAGR %	128.01	3.75	8.28	-1.77	-12.88
Diluted EPS Before Extra, 5 Yr. CAGR %	143.49	-18.63	-9.91	-24.61	-51.9
Accounts Receivable, 5 Yr. CAGR %	-8.46	-7.13	-9.85	-6.44	-5.57
Inventory, 5 Yr. CAGR %	7.04	-39.87	-41.44	-40.83	-40.41
Net Property, Plant and Equip., 5 Yr. CAGR %	27.34	-4.18	-7.79	-20.02	-32.58
Total Assets, 5 Yr. CAGR %	10.42	10.6	16.7	20.02	23.26
Tangible Book Value, 5 Yr. CAGR %	-16.73	-10.82	133.57	30.76	0.15
Common Equity, 5 Yr. CAGR %	-4.16	-11.62	-25.28	30.92	27.89
Cash From Operations, 5 Yr. CAGR %	25.05	-30.79	-22.38	20.36	21.9
Capital Expenditures, 5 Yr. CAGR %	-27.13	-25.67	-44.47	-31.96	-30.75
Levered Free Cash Flow, 5 Yr. CAGR %	-10.49	62.04	-5.67	22.05	39.85
Unlevered Free Cash Flow, 5 Yr. CAGR %	-17.36	57.56	9.23	31.48	48.17
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-