Jeff Schachter
Analyst, TD Wealth
Replay available
EcoSynthetix Inc. (TSX: ECO) Q4 2025 earnings conference call, held 2026-02-20. Replay captured from the company's public earnings webcast.

Analyst, TD Wealth
Analyst
Chief Executive Officer
Analyst, Investor File
Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the EcoSynthetix 2025 fourth quarter and year-end results conference call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question and answer session. Instructions will be provided for you at that time for questions. If anyone has any difficulty hearing the conference, you may press star zero for operator assistance at any time. Listeners are reminded that portions of today's discussion may contain forward-looking statements that reflect current views with respect to future events. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. For more information on Ecosynthetix risks and uncertainties related to these forward-looking statements, please refer to the company's annual information form dated February 17, 2026, which is posted on CEDAR. This morning's call is being recorded on Friday, February 20th, 2026 at 830 a.m. Eastern Time. I would now like to turn the conference over to Mr. Jeff McDonald, Chief Executive Officer of EcoSynthetix. Please go ahead, sir. Thank you. Good morning, and thank you all for joining us today. Yesterday afternoon, we reported our 2025 fourth quarter and year-end results. Sales were up 9% in the quarter compared to the same period last year. And they were up 12% for the year. We also reported our first full year of positive adjusted EBITDA with $400,000 for the year, an improvement of more than $1.3 million from fiscal 2024. What's most exciting to us in those numbers is that the growth is coming from where we want it to. Our three key strategic end markets, pulp and tissue, wood composites, and...