Alfen Nv (ALFNF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.416 Hello, welcome to the elephant 2025 full year results conference call 00:00:05.416 -- 00:00:10.681 hosted by Michael Culline, CEO in Onocrop CFO. 00:00:10.681 -- 00:00:15.766 For the first part of this call, all participants will be in listen only mode 00:00:15.766 -- 00:00:19.149 and afterwards there will be a Q&A session. 00:00:19.149 -- 00:00:24.053 If you wish to ask a question, please press pound key five on your telephone keypad. 00:00:24.053 -- 00:00:27.477 I would like to now hand the call over to Michael Culline. 00:00:27.477 -- 00:00:29.528 Mr. Culline, please go ahead. 00:00:29.528 -- 00:00:34.553 Thank you, Maria. Good morning and welcome to Alphen's full year 2025 earnings 00:00:34.553 -- 00:00:38.637 call. Thank you all for taking the time to join us today. 00:00:38.637 -- 00:00:43.522 I'm Michael Collein, Chief Executive of Alphen, and I'm delighted to be leading this 00:00:43.522 -- 00:00:49.028 trading update with you today. Joining me is Onno Grapp, our CFO, 00:00:49.028 -- 00:00:53.993 who will talk you through our financial performance later in this presentation. 00:00:53.993 -- 00:00:59.026 Today's agenda is structured to give you a comprehensive view of our 2025 performance, 00:00:59.026 -- 00:01:03.953 and our path forward. I'll begin with the highlights of 2025. 00:01:03.953 -- 00:01:07.297 We'll then dive into each of our three business lines. 00:01:07.297 -- 00:01:11.663 Honor will follow with our full year 2025 financials. 00:01:11.663 -- 00:01:17.291 I'll then outline our strategy update. We'll conclude with our 2026 outlook 00:01:17.291 -- 00:01:22.355 before opening the floor for your questions during our Q&A session. 00:01:23.058 -- 00:01:28.373 2025 was a challenging year for Alphen. At the same time...