Befesa S.A. (0RVK) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. Welcome to the preliminary full year 2025 results conference call. I am Jota, the course call operator. I would like to remind you that all participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer session. You can register for questions at any time by pressing start and 1 on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Rafael Perez, CFO. Please go ahead. Good morning and welcome to the preliminary four-year 2025 results conference call of BFESA. I am Rafael Perez, CFO of BFESA, and this morning I'm joined by a group CEO, Azir Zaronandieh. Asir will start with an executive summary of the period. Then he will cover the business highlights for the steel dust as well as aluminum salt slag recycling businesses. I will then review the preliminary full year financials by business and will cover the evolution of commodity prices, our hedging program, and finally cash flow, net debt, and leverage and capital allocation. Asir will close this presentation providing an update on the outlook for 2026 and an update on our growth plan. Finally, we will open the lines for the Q&A session. As always, this conference call is being webcasted live, and you can find the link in our webcast. Now, let me turn this call over to our CEO, Asir, please. Thank you, Rafa. Good morning, all. Moving to page five of the business highlights. We have delivered strong full results and year results. continuing the solid trends seen in the first nine months of the year. Our performance demonstrates once again the resilience of our business...