Avio S.p.A. (0R9S) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening. This is the Coruscant Conference Operator. Welcome and thank you for joining the Avio full year 2025 results presentation. All participants are in listen-only mode and after the presentation, there will be a Q&A session. At this time, I would like to turn the conference over to Mr. Nevio Quattrine, Head of Investor Relations. Please go ahead, sir. Good afternoon, everyone, and welcome to 2025 Results Conference Call of Avio. I'm here with Mr. Giulio Ranzo, CEO of Avio, and Mr. Roberto Perassai, Chief Financial Officer of the company. In a moment, we will go through the presentation we just released on our website. And at the end, as usual, we will welcome your questions. Thank you for your attention, and I hand the conversation over to Giulio. Thank you, Navio. Good afternoon. And thank you for joining the fiscal year 2025 results. In the interest of time, I will go to the agenda. So we will go quickly over the highlights, and then we'll have some review of the financial results with our CFO, and then go back to the to describe the outlook for 2026. So 2025 was a very important year for the company. We recorded the highest economic and financial performance ever. I remind everyone that we had recently upgraded our guidance for backlog and revenues. We have exceeded 2 billion euros worth of backlog, never happened in the company, and also revenues over 540 million, never happened before, and net income EBITDA above guidance and EBITDA well within the guidance on the upper part. So I would say overall an extremely positive 2025. On the operational front, you know, the activity, the flight activity of Vega was very successful. We completed our last flight in December for Vega C. and with that we achieved four missions within 12 months which was a target we...