Corbion NV (CSNVY) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.097 Good morning, everyone, and welcome to Corbian's full year and fourth quarter 2025 results 00:00:05.097 -- 00:00:10.463 conference call. This morning, we published our full year 2025 results press release 00:00:10.463 -- 00:00:16.067 and presentation. These can be found on our website at www.corbian.com, 00:00:16.269 -- 00:00:19.891 investor relations, financial publications. 00:00:20.614 -- 00:00:25.119 Before we begin this morning, please note that today's discussion will include forward-looking 00:00:25.119 -- 00:00:28.617 statements based on current expectations and assumptions. 00:00:28.617 -- 00:00:33.625 These statements involve risks and uncertainties that could cause actual results to differ 00:00:33.625 -- 00:00:35.127 materially. 00:00:35.127 -- 00:00:39.093 Corbian does not undertake any obligation to update statements made during this call 00:00:39.093 -- 00:00:41.177 or in today's publications. 00:00:41.177 -- 00:00:44.241 For further details, please refer to our Annual Report 2024. 00:00:44.241 -- 00:00:46.241 With 00:00:46.365 -- 00:00:51.973 me this morning on the call are Olivier Rigaud, Chief Executive Officer, and Peter Kazius, 00:00:51.973 -- 00:00:54.503 our Chief Financial Officer. 00:00:54.503 -- 00:00:59.189 I would like to hand the call over to Olivier to present on the business performance. 00:00:59.189 -- 00:01:00.431 Olivier. 00:01:00.431 -- 00:01:03.635 Thank you, Alex. And good morning, everyone. 00:01:03.635 -- 00:01:09.003 Thank you for joining us today to discuss Corbion's fourth quarter and full year 2025 00:01:09.003 -- 00:01:10.485 results. 00:01:10.485 -- 00:01:13.569 I will start with our business performance, 00:01:13.569 -- 00:01:18.235 after which Peter will cover the financials in more det...