Dfi Retail Group Unsp/Adr (DFIHY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Thank you for attending the DFI Retail Group 2025 full-year results presentation. I'm Karen Chan, Strategy and Investor Relations Director. Joining us today is Scott Price, Group Chief Executive, and Tom Vander Lee, Group Chief Financial Officer, who will be providing remarks on our full-year results, followed by a Q&A session. Today's presentation is being webcast in its entirety. In addition, the full text of our results announcement and slide presentation are uploaded onto our IR website. And before we start, I would like to remind you of the following regarding information to be provided during the presentation. The information about to be presented is for information purposes only and is not intended to be investment advice for any person. There's no intention to imply for any dealings in any securities. There may be forward-looking statements mentioned in the presentation materials, which include statements regarding our intent, belief, expectation with respect to DFI retail group businesses, operations, market conditions, et cetera. We expressly advise not to rely on these forward-looking statements as they are subjective views which are subject to risks and uncertainties. And with that, I'll pass it over to Scott. Scott, please. Good morning, everyone. Thank you, Karen. Pleasure to be here talking about our full year of 2025 results and also sharing with you some of the insights that we gleaned from the second half of the year versus the last time we gathered here. We're seeing a more confident customer in the second half of 2025. They're still careful. They're still not going back to, I think, the spending pre-COVID. But we are seeing customers willing to invest in convenience, invest in their own wellness, and also fun, which has bee...