diff --git a/src/components/CircularProgress/CircularProgress.tsx b/src/components/CircularProgress/CircularProgress.tsx
new file mode 100644
index 0000000000..7736079744
--- /dev/null
+++ b/src/components/CircularProgress/CircularProgress.tsx
@@ -0,0 +1,111 @@
+import * as React from 'react';
+import { StyleSheet, View, ViewStyle } from 'react-native';
+
+import type { CircularProgressProps } from './types';
+import { useInternalTheme } from '../../core/theming';
+
+const clamp = (v: number, min: number, max: number) =>
+  Math.min(Math.max(v, min), max);
+
+const styles = StyleSheet.create({
+  container: {
+    alignItems: 'center',
+    justifyContent: 'center',
+  } as ViewStyle,
+});
+
+/**
+ * Material 3 determinate circular progress indicator.
+ *
+ * Shows a circular track with a progress arc covering `progress` of the
+ * circle (0 to 1). Unlike {@link ActivityIndicator}, it represents a known
+ * amount of progress rather than an indeterminate spin.
+ *
+ * @param props
+ */
+function CircularProgress({
+  progress,
+  size = 48,
+  thickness = 4,
+  color,
+  trackColor,
+  style,
+  theme: themeOverrides,
+  testID = 'circular-progress',
+}: CircularProgressProps) {
+  const theme = useInternalTheme(themeOverrides);
+  const p = clamp(progress, 0, 1);
+
+  const progressColor =
+    color ?? (theme.isV3 ? theme.colors.primary : theme.colors.accent);
+  const backgroundColor =
+    trackColor ??
+    (theme.isV3 ? theme.colors.primary : theme.colors.accent) + '33';
+
+  const radius = size / 2;
+  // The progress arc is drawn with two half-discs that rotate as the progress
+  // passes 0.5, which lets a circular arc be rendered without an SVG dep.
+  const firstHalfAngle = p <= 0.5 ? p * 360 : 180;
+  const secondHalfAngle = p > 0.5 ? (p - 0.5) * 360 : 0;
+
+  const trackStyle: ViewStyle = {
+    width: size,
+    height: size,
+    borderRadius: radius,
+    borderWidth: thickness,
+    borderColor: backgroundColor,
+  };
+
+  // Each progress half is a full circle clipped to its half, rotated by the
+  // angle that exposes the right amount of arc.
+  const halfSize = radius;
+  const arcLayerStyle = (angle: number, flipSecond: boolean): ViewStyle => ({
+    width: size,
+    height: halfSize,
+    overflow: 'hidden',
+    transform: [
+      { rotate: `${angle}deg` },
+      ...(flipSecond ? [{ translateY: -halfSize }] : []),
+    ],
+    ...(flipSecond ? { top: halfSize } : { top: 0 }),
+    left: 0,
+    position: 'absolute',
+  });
+
+  const arcDotStyle: ViewStyle = {
+    width: size,
+    height: size,
+    borderRadius: radius,
+    borderWidth: thickness,
+    borderColor: progressColor,
+    // Hide the track border on the progress disc by only drawing the arc.
+    borderBottomColor: 'transparent',
+    borderLeftColor: 'transparent',
+    transform: [{ rotate: '-45deg' }],
+  };
+
+  return (
+    <View
+      testID={testID}
+      style={[styles.container, trackStyle, style]}
+      accessibilityRole="progressbar"
+      accessibilityState={{ busy: false }}
+      accessibilityValue={{ min: 0, max: 1, now: p }}
+    >
+      <View
+        testID={`${testID}-half-first`}
+        style={arcLayerStyle(firstHalfAngle, false)}
+      >
+        <View style={arcDotStyle} />
+      </View>
+      <View
+        testID={`${testID}-half-second`}
+        style={arcLayerStyle(secondHalfAngle, true)}
+      >
+        <View style={arcDotStyle} />
+      </View>
+    </View>
+  );
+}
+
+export default CircularProgress;
diff --git a/src/components/CircularProgress/types.ts b/src/components/CircularProgress/types.ts
new file mode 100644
index 0000000000..cdc64d3b72
--- /dev/null
+++ b/src/components/CircularProgress/types.ts
@@ -0,0 +1,25 @@
+import type { StyleProp, ViewStyle } from 'react-native';
+
+import type { ThemeProp } from '../../types';
+
+/**
+ * Material 3 determinate circular progress indicator.
+ */
+export type CircularProgressProps = {
+  /** Progress from 0 to 1 (clamped). 0 is empty, 1 is a full circle. */
+  progress: number;
+  /** Diameter of the indicator in pixels. @default 48 */
+  size?: number;
+  /** Stroke thickness in pixels. @default 4 */
+  thickness?: number;
+  /** Color of the progress arc. Defaults to the theme primary color. */
+  color?: string;
+  /** Color of the background track. Defaults to a transparent track. */
+  trackColor?: string;
+  /** Style applied to the container. */
+  style?: StyleProp<ViewStyle>;
+  /** @optional */
+  theme?: ThemeProp;
+  /** TestID for testing. */
+  testID?: string;
+};
diff --git a/src/index.tsx b/src/index.tsx
index 1b20528787..c33d773cfb 100644
--- a/src/index.tsx
+++ b/src/index.tsx
@@ -32,6 +32,7 @@ export { default as Banner } from './components/Banner';
 export { default as BottomNavigation } from './components/BottomNavigation/BottomNavigation';
 export { default as Button } from './components/Button/Button';
 export { default as Card } from './components/Card/Card';
+export { default as CircularProgress } from './components/CircularProgress/CircularProgress';
 export { default as Checkbox } from './components/Checkbox';
 export { default as Chip } from './components/Chip/Chip';
 export { default as DataTable } from './components/DataTable/DataTable';
@@ -86,6 +87,7 @@ export type {
 } from './components/BottomNavigation/BottomNavigation';
 export type { Props as ButtonProps } from './components/Button/Button';
 export type { Props as CardProps } from './components/Card/Card';
+export type { CircularProgressProps } from './components/CircularProgress/types';
 export type { Props as CardActionsProps } from './components/Card/CardActions';
 export type { Props as CardContentProps } from './components/Card/CardContent';
 export type { Props as CardCoverProps } from './components/Card/CardCover';