Software Circle Ratios and Metrics

Market cap in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 5, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Market Capitalization	58	115	70	11	6	6
Market Cap Growth	-46.56%	64.44%	563.01%	72.90%	-4.89%	-9.23%
Enterprise Value	65	113	64	14	11	10
Last Close Price	0.15	0.30	0.18	0.09	0.05	0.05
Forward PE	-	10.00	10.00	10.00	10.00	10.00
PS Ratio	2.94	6.32	4.34	0.91	0.69	0.93
PB Ratio	2.82	5.40	3.24	11.41	2.46	1.51
P/TBV Ratio	-	-	8.84	-	3.02	4.20
P/FCF Ratio	15.20	40.08	31.59	42.70	57.25	52.79
P/OCF Ratio	15.06	39.25	30.62	34.38	45.71	30.38
EV/Sales Ratio	3.30	6.19	3.93	1.19	1.19	1.44
EV/EBITDA Ratio	21.15	42.31	78.46	-	303.21	115.92
EV/FCF Ratio	17.06	39.25	28.59	55.92	99.18	81.71
Debt / Equity Ratio	0.58	0.51	0.42	20.17	1.67	1.66
Debt / EBITDA Ratio	3.88	3.82	9.45	-	25.00	30.13
Debt / FCF Ratio	3.14	3.75	4.11	75.47	38.78	58.03
Net Debt / Equity Ratio	0.35	0.10	-0.29	18.02	1.08	1.02
Net Debt / EBITDA Ratio	2.44	0.84	-7.73	-55.55	76.80	50.47
Net Debt / FCF Ratio	1.87	0.78	-2.82	67.43	25.12	35.57
Asset Turnover	0.50	0.50	0.56	0.66	0.70	0.52
Inventory Turnover	219.05	170.44	186.59	197.57	22.74	9.03
Quick Ratio	0.79	1.59	3.80	0.99	0.51	1.54
Current Ratio	0.84	1.61	3.83	1.01	1.71	1.80
Return on Equity (ROE)	-12.90%	-1.53%	-20.96%	-82.44%	-16.58%	-18.54%
Return on Assets (ROA)	-2.65%	-2.07%	-4.50%	-4.07%	-3.84%	-4.40%
Return on Capital Employed (ROCE)	-5.50%	-3.80%	-7.00%	-6.50%	-12.30%	-8.80%
Earnings Yield	-4.85%	-0.29%	-3.38%	-12.99%	-18.77%	-32.38%
FCF Yield	6.58%	2.50%	3.17%	2.34%	1.75%	1.89%
Buyback Yield / Dilution	0.37%	-51.88%	-124.34%	-	-0.58%	-10.52%
Total Shareholder Return	0.37%	-51.88%	-124.34%	-	-0.58%	-10.52%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.