Alsea S.A.B. de C.V (ALSSF) Q4 2025 Earnings Call

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WEBVTT 00:00:01.465 -- 00:00:06.908 Good morning, everyone, and thank you for joining us for quarter and full year 2025 00:00:06.908 -- 00:00:09.030 Earnings Video Conference. 00:00:09.030 -- 00:00:13.693 Today, you will hear from Christian Gurria, our chief financial officer, and Federico 00:00:13.693 -- 00:00:18.796 Rodriguez, our chief financial officer. Christian will walk us through our operating 00:00:18.796 -- 00:00:23.999 performance and strategic progress, while Federico will provide a detailed review 00:00:23.999 -- 00:00:27.120 of our financial results 00:00:27.401 -- 00:00:32.175 and capital allocation. Before we begin, I would like to remind you that some of our 00:00:32.175 -- 00:00:38.217 comments today contain forward-looking statements, based on our current expectations. 00:00:38.217 -- 00:00:41.299 Actual results may differ materially. 00:00:41.299 -- 00:00:46.421 Today's discussion should be considered alongside the disclaimers included in our earnings 00:00:46.421 -- 00:00:51.383 release and our most recent filings with the Bolsa Mexicana de Valores. 00:00:51.383 -- 00:00:56.375 The company undertakes no obligation to update these statements. 00:00:56.375 -- 00:01:01.977 Unless otherwise specified, all figures discussed today are presented on a pre-IFRS 00:01:01.977 -- 00:01:03.798 16 basis. 00:01:03.798 -- 00:01:08.879 With that, I will now turn the call over to Cristian for his opening remarks. 00:01:08.879 -- 00:01:13.081 Gracias, Gerardo. And thank you, everyone, and good morning, and thank you very much 00:01:13.081 -- 00:01:18.383 for joining us today. I will begin with an overview of our performance 00:01:18.383 -- 00:01:22.004 for the fourth quarter and full year 2025, 00:01:22.004 -- 00:01:26.183 highlighting key operating trends across r...