Cushman & Wakefield plc (CWK) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.437 And welcome to the Cushman and Wakefield fourth quarter and full year 2025 00:00:06.437 -- 00:00:10.461 earnings call. All participants will be in listen-only mode. 00:00:10.461 -- 00:00:14.685 Should you need assistance, please signal a conference specialist by pressing the star 00:00:14.685 -- 00:00:19.509 key followed by zero. After today's presentation, there will be an opportunity to ask 00:00:19.509 -- 00:00:24.674 questions. To ask a question, you may press star then one on a touch-tone phone. 00:00:24.674 -- 00:00:28.246 To withdraw your question, please press star then two. 00:00:28.246 -- 00:00:32.672 Please note this event is being recorded. I would now like to turn the conference over 00:00:32.672 -- 00:00:35.956 to Megan McGrath, Head of Investor Relations. 00:00:35.956 -- 00:00:37.819 Please go ahead. 00:00:37.819 -- 00:00:42.505 Thank you, and welcome to Cushman & Wakefield's fourth quarter and full year 2025 earnings 00:00:42.505 -- 00:00:47.031 conference call. Earlier today, we issued a press release announcing our financial results 00:00:47.031 -- 00:00:51.657 for the period. This release, along with today's presentation, can be found on our Investor 00:00:51.657 -- 00:00:54.999 Relations website at ir.cushmanwakefield.com. 00:00:55.988 -- 00:00:59.932 please turn to the page in our presentation labeled Cautionary Note on Forward-Looking 00:00:59.932 -- 00:01:04.538 Statements. Today's presentation contains forward-looking statements based on our current 00:01:04.538 -- 00:01:09.403 forecasts and estimates of future events. These statements should be considered estimates 00:01:09.403 -- 00:01:12.807 only, and actual results may differ materially. 00:01:12.807 -- 00:01:17.372 During today's call, we will refer to ...