Cecil Combo
Head of Investor Relations
Replay available
Aeroports De Paris Sa (OTC: ARRPY) Q4 2025 earnings conference call, held 2026-02-19. Replay captured from the company's public earnings webcast.

Head of Investor Relations
Chairman and CEO
Executive VP for Finance, Strategy and Development
Analyst, UBS
Analyst, Bernstein
Analyst, BNP Paribas
Analyst, Santander
Analyst, Morgan Stanley
Welcome to Group ADP 2025 Full Year Results Presentation. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to Cecil Combo, Head of Investor Relations, to begin today's conference. Please go ahead. Thank you and good morning everyone. Thank you for joining us for our 2025 full year results presentation. I am here with Philippe Pascal, our Chairman and CEO, and Christelle de Robillard, Executive VP for Finance, Strategy and Development, who will first both go through prepared remarks for about 20 minutes before the Q&A session for which we will aim for 40 minute duration. Before we start, and as usual, I remind you that certain information to be discussed today during this call is forward-looking and is subject to risks and uncertainties that could cause actual revenue and results to differ materially. For these, I refer you to the disclaimer statement included in our press release and on slide 46 of our presentation. I will now leave the floor to our Chairman and CEO, Philippe Pascal. Thank you, Cecile, and good morning, ladies and gentlemen. Thank you for joining us to discuss our 2025 full-year results. Let me first turn to slide 3 for our key highlights. 2025 has been a strong year for the Group and a key step in preparing our next strategic cycle. When I took office as chairman and CEO a year ago, I set clear priorities. Reinforcing our economic model in Paris through an economic regulation contract, deliver the best possible quality of service and accelerate the rollout of the X-Time model, secure the contribution of our international activities, and support a...