Cochlear Plc Ord (CHEOF) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.212 -- 00:00:06.458 Thank you for standing by and welcome to the Cochlear Limited FY25 results, analyst 00:00:06.458 -- 00:00:10.162 and media briefing. All participants are in a listen-only mode. 00:00:10.162 -- 00:00:13.406 There will be a presentation followed by a question and answer session. 00:00:13.406 -- 00:00:17.010 If you wish to ask a question, you will need to press the star key followed by the number 00:00:17.010 -- 00:00:21.194 one on your telephone keypad. I would now like to hand the conference over to Mr. 00:00:21.194 -- 00:00:25.613 Dig Howitt, CEO and President. Please go ahead. 00:00:25.613 -- 00:00:30.185 Good morning, everyone, and thank you for joining our results presentation. 00:00:30.185 -- 00:00:32.030 Let's get underway. 00:00:32.030 -- 00:00:36.059 And as always, we are starting with our mission. 00:00:36.059 -- 00:00:41.326 And our mission serves as a guide across the company, but there's two important points. 00:00:41.326 -- 00:00:46.854 One is the purpose that sits in our mission enables us to attract outstanding people. 00:00:46.854 -- 00:00:51.360 And the other thing it reminds us of is the long-term nature of our business and the 00:00:51.360 -- 00:00:57.271 long-term nature of our strategy to help more people hear and be heard. 00:00:57.271 -- 00:01:03.222 And so I wanted to start the presentation today with a look at our 25-year 00:01:03.222 -- 00:01:08.291 financial history. And I'm doing that to put in context the 00:01:08.291 -- 00:01:13.640 F25. So as you've already seen, our sales were below our expectations for 25. 00:01:13.640 -- 00:01:17.624 And then it's really a question of how do we respond and I want to put the how do we 00:01:17.624 -- 00:01:20.407 respond to lower sales in the context of history. 00:0...