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Grafenia PLC (GB:SFT)
LSE:SFT
UK Market
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Grafenia (SFT) AI Stock Analysis

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GB:SFT

Grafenia

(LSE:SFT)

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Neutral 52 (OpenAI - 5.2)
Rating:52Neutral
Price Target:
16.00 p
▲(3.23% Upside)
Action:Reiterated
Date:07/27/26
The score is driven primarily by mixed financial performance: strong revenue growth and notably improved cash generation support the outlook, but persistent and recently widening net losses keep overall financial quality below average. Technically, the stock remains below its 200-day average, suggesting a weaker longer-term trend, and valuation is constrained by the negative P/E and lack of dividend data.
Positive Factors
Strong multi-year revenue growth
Sustained top-line growth over multiple years indicates expanding market adoption of Grafenia’s partner-led offering. Higher revenues support scale benefits, improve unit economics for central production and digital services, and provide a structural base for margin recovery and reinvestment in networks.
Negative Factors
Persistent net losses
Ongoing net losses reduce retained earnings and constrain the company’s ability to generate shareholder returns. Persistent negative profitability risks eroding partner confidence, limits capacity to self-fund growth initiatives, and increases reliance on cash reserves or external financing over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong multi-year revenue growth
Sustained top-line growth over multiple years indicates expanding market adoption of Grafenia’s partner-led offering. Higher revenues support scale benefits, improve unit economics for central production and digital services, and provide a structural base for margin recovery and reinvestment in networks.
Read all positive factors

Grafenia (SFT) vs. iShares MSCI United Kingdom ETF (EWC)

Grafenia Business Overview & Revenue Model

Company Description
Software Circle plc, operating with its subsidiaries, specializes in licensing a diverse range of software solutions throughout the United Kingdom, Ireland, Europe, and internationally. Its extensive portfolio of brands and products includes Link ...
How the Company Makes Money
Grafenia primarily makes money through a partner-network model and associated product/service sales. Key revenue streams include: (1) Partner fees and membership income: Partners operating under Grafenia’s brands (e.g., Nettl, Print7) typically pa...

Grafenia Financial Statement Overview

Summary
Financials show a turnaround-in-progress: strong multi-year revenue growth, meaningfully improved balance sheet leverage/capitalization versus 2023, and sharply stronger operating and free cash flow in 2026. The main drag is earnings quality—net income remains negative in every year shown and widened again in 2026, limiting profitability predictability.
Income Statement
44
Neutral
Balance Sheet
58
Neutral
Cash Flow
71
Positive
BreakdownMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue22.26M18.27M16.16M11.68M8.92M
Gross Profit2.98M13.25M10.19M5.75M3.54M
EBITDA6.72M4.82M1.36M-265.00K172.00K
Net Income-809.00K-329.00K-2.37M-1.41M-1.15M
Balance Sheet
Total Assets42.76M38.10M34.39M23.62M11.76M
Cash, Cash Equivalents and Short-Term Investments3.94M8.57M15.39M1.99M1.46M
Total Debt10.46M10.80M9.13M18.72M4.15M
Total Liabilities21.92M16.70M12.71M22.69M9.27M
Stockholders Equity20.84M21.39M21.68M928.00K2.49M
Cash Flow
Free Cash Flow5.06M1.57M1.42M-142.00K-438.00K
Operating Cash Flow5.11M2.94M2.63M308.00K134.00K
Investing Cash Flow-13.10M-7.97M-5.28M-8.72M-575.00K
Financing Cash Flow3.35M-1.79M16.05M8.94M-708.00K

Grafenia Technical Analysis

Technical Analysis Sentiment
Negative
Last Price15.50
Price Trends
50DMA
16.00
Negative
100DMA
15.90
Negative
200DMA
18.30
Negative
Market Momentum
MACD
-0.11
Positive
RSI
40.21
Neutral
STOCH
21.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SFT, the sentiment is Negative. The current price of 15.5 is below the 20-day moving average (MA) of 16.10, below the 50-day MA of 16.00, and below the 200-day MA of 18.30, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 40.21 is Neutral, neither overbought nor oversold. The STOCH value of 21.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:SFT.

Grafenia Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
£41.38M12.8766.04%2.33%16.91%534.12%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
60
Neutral
£386.98M138.861.30%2.46%8.11%-69.68%
59
Neutral
£465.44M-4.82-12.70%7.63%-0.86%-481.50%
52
Neutral
£60.46M-73.81-13.36%21.82%-162.50%
46
Neutral
£335.98M-1.68-677.10%-16.13%-1315.87%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:SFT
Grafenia
15.50
-11.00
-41.51%
GB:CPI
Capita plc
280.50
35.50
14.49%
GB:CTG
Christie
162.50
48.00
41.92%
GB:RST
Restore
293.00
43.80
17.58%
GB:RWS
RWS Holdings
125.40
42.14
50.61%

Grafenia Corporate Events

Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Software Circle boosts earnings, ramps M&A with new debt funding
Positive
Jul 23, 2026
Software Circle plc, a London‑listed consolidator of vertical market software businesses, continued to expand its portfolio of mission‑critical systems serving niche sectors in the UK and Ireland while preserving decentralised operatio...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 27, 2026