Bladex, Inc. Class E (BLX) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning ladies and gentlemen and welcome to Bladex first quarter 2025 earnings conference call. A slide presentation is accompanied in today's webcast and is also available on the investor section of the company's website, www.bladex.com. There will be an opportunity for you to ask questions at the end of today's presentation. Please note today's conference call is being recorded. As a reminder, all participants will be in a listen-only mode. I would now like to turn the call over to Mr. Jorge Salas, Chief Executive Officer. Sir, please go ahead. Good morning everyone and thank you for joining us today to discuss Blacks as results for the first quarter of 2025. I will begin by reviewing our performance during the year. And then Annette, our CFO, will walk you through the financials in more detail. Finally, before opening the call for questions, I will share our thoughts on the current tariff environment and the potential implications for the region and for Bladix. 2025 began in line with expectations, with a solid first quarter that reflects the disciplined execution we've seen in previous quarters. While the first quarter is traditionally less active due to seasonal factors, this time around, we saw a pickup in activity and client engagement, setting a strong tone for the rest of the year. This is not accidental. Throughout last year, our commercial team has been consistently building a robust and diversified pipeline with longstanding clients across the region, particularly in sectors less exposed to the ongoing tariff discussion. The pipeline includes medium-term transactions, some of which were executed in the first quarter, while the bulk of them still are in progress and expected to materialize in the coming quarters. These deals are not only world-structu...