Avation PLC (AVAP) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to a fourth quarter 2025 results call. This event was being recorded. Our speakers today will be our CEO, Marcelo Inites, and Bart Van Aeren, CFO of the company. The slides for today's presentation are available on our website, along with the earnings released and our financial statements. Now, please turn to slide two for the safe harbor disclosure. We will be making forward-looking statements which involve risks and uncertainties, which could have a material impact on our results. On slide three, we defined the non-IFRS metrics that we will reference throughout this presentation, and you can find reconciliation tables in the back of our next release and on our website. With those disclaimers out of the way, let me turn the call over to our CEO, Marcelo Benitez. Marcelo? Thank you, Luca, and good day to everyone. We close 2025 with strong operational and financial performance and a clear top line acceleration. During the year, we successfully integrated Ecuador and Uruguay, expanding to 11 countries. This footprint diversifies our revenue base and supported robust, sustainable free cash flow generation going forward. Two weeks ago, alongside NJJ, we expanded further to Chile, our 12th market, which we will address further in the sections that follow. In addition to the expansion to Chile, we have moved quickly to stabilize and integrate the newly acquired business in Uruguay and Ecuador. On the first day of the acquisition, we appointed a new general manager, a new CFO, and a new CTO. Within the first week, we redesigned the executive team and their direct reports. And within the first month, we applied our playbook with discipline, including 30% reduction in headcount. I'm pleased to share that today we already consider these operations...