Ceres Power Hldgs Plc (CPWHF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.717 Good morning ladies and gentlemen welcome to the SARES 2025 four-year results investor 00:00:04.717 -- 00:00:08.461 presentation for those joining online you will be in this in early mode and do please 00:00:08.461 -- 00:00:12.446 submit your questions at any time just using the Q&A tab situated on the right hand corner 00:00:12.446 -- 00:00:17.892 of your screen I'd now like to hand over to the management team Stuart, Phil 00:00:17.892 -- 00:00:19.955 good morning 00:00:19.955 -- 00:00:25.732 good morning everybody and thank you for joining us for the 2025 full year results presentation 00:00:25.732 -- 00:00:30.679 I'll talk you through an update on the company and the strategy to begin with, and then 00:00:30.679 -- 00:00:35.745 Stuart will obviously talk you through the financial numbers and we'll 00:00:35.745 -- 00:00:40.149 obviously go into Q&A at the end, as usual. 00:00:40.512 -- 00:00:45.699 So, at Serres we're operating on three strategic imperatives. 00:00:45.699 -- 00:00:50.805 The first one is signing more licensees, so new manufacturing license partners 00:00:50.805 -- 00:00:55.975 is a key focus for us as a business. The second is once we have 00:00:55.975 -- 00:00:59.159 those partners, bringing those partners to market. 00:00:59.159 -- 00:01:04.186 So that's obviously assisting them as they scale up and put in capacity, but also 00:01:04.186 -- 00:01:06.186 actually 00:01:06.349 -- 00:01:11.075 helping to stimulate demand, which actually helps pull through the products that we're 00:01:11.075 -- 00:01:15.401 developing with partners. And the third is obviously technology leadership. 00:01:15.401 -- 00:01:19.208 We believe we have the best solid oxide technology in the world. 00:01:19.208 -- 00:01:24.754 We have a s...