Altus Group Limited (AIF) Q4 2025 Earnings Call

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WEBVTT 00:00:01.870 -- 00:00:07.037 Good day, everyone. Welcome to Altus Group's Q4 and full year 2025 financial results 00:00:07.037 -- 00:00:10.781 conference call. At this time, I would like to hand things over to Camila. 00:00:10.781 -- 00:00:12.484 Please go ahead. 00:00:12.484 -- 00:00:17.991 Thank you, Lisa. Hi, everyone, and welcome to the conference call and webcast discussing 00:00:17.991 -- 00:00:22.216 Altus Group's fourth quarter and year-end financial results for the period end of December 00:00:22.216 -- 00:00:27.683 31st, 2025. Our press release MD&A financial statements 00:00:27.683 -- 00:00:32.093 and the slides accompanying our prepared remarks, they're all available on our website. 00:00:32.093 -- 00:00:36.959 and as required, have been filed to Cedar Plus after market closed this afternoon. 00:00:36.959 -- 00:00:41.544 I'm joined today by our CEO, Mike Gordon, and our CFO, Pavan Chhabra. 00:00:41.544 -- 00:00:45.068 Before we get started, I wanted to point out a couple of things. 00:00:45.068 -- 00:00:50.114 As discussed at our investor day, beginning with our Q4 results, we have rolled out some 00:00:50.114 -- 00:00:54.940 of our new disclosures. To help investors and analysts rebuild their models under a new 00:00:54.940 -- 00:01:00.106 reporting format, we have published a supplemental document that shows the representation 00:01:00.106 -- 00:01:04.976 of our historic results. posted on the investor section of our website along with the 00:01:04.976 -- 00:01:07.499 other materials I referenced. 00:01:07.499 -- 00:01:12.324 Earlier this week, we announced the sale of our appraisal business in Newmark. 00:01:12.324 -- 00:01:16.929 This business has been moved under discontinued operations for our results. 00:01:16.929 -- 00:01:21.594 And accordi...