Adecoagro S.A. (0DWL) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.835 Good morning, ladies and gentlemen, and thank you for waiting. 00:00:03.835 -- 00:00:10.001 At this time, we would like to welcome everyone to ADECO Agro's second quarter 2025 00:00:10.001 -- 00:00:14.705 results conference call. Today with us, we have Mr. 00:00:14.705 -- 00:00:20.371 Mariano Bosch, CEO, Mr. Emilio Nieco, CFO, Mr. 00:00:20.371 -- 00:00:25.656 Renato Junqueira Pereira, Sugar, Ethanol, and Energy VP, and Mrs. 00:00:25.656 -- 00:00:29.984 Victoria Cabello, Investor Relations Officer. 00:00:29.984 -- 00:00:34.715 We would like to inform you that this event is being recorded and all participants will 00:00:34.715 -- 00:00:39.466 be in a listen-only mode during the company's presentation. 00:00:39.466 -- 00:00:44.178 After the company's remarks are completed, there will be the question and answer section. 00:00:44.178 -- 00:00:49.245 At that time, further instructions will be given. 00:00:50.487 -- 00:00:55.416 Before proceeding, let me mention that forward-looking statements are based on the beliefs 00:00:55.416 -- 00:01:00.787 and assumptions of ADECO Agros Management and on information currently available 00:01:00.787 -- 00:01:05.796 to the company. They involve risks, uncertainties, and assumptions because 00:01:05.796 -- 00:01:11.006 they relate to future events and therefore depend on circumstances that may or may 00:01:11.006 -- 00:01:13.572 not occur in the future. 00:01:13.572 -- 00:01:18.902 Investors should understand that general economic conditions, industry conditions, 00:01:18.902 -- 00:01:23.971 and other operating factors could also affect the future results of Adequadro and could 00:01:23.971 -- 00:01:29.862 cause results to differ materially from those expressed in such forward-looking statements. 00:0...