Enagas Sa (ENGGF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Enagase's earnings presentation for 2025. We will also be sharing 2026 targets with you. The documents have been filed with the stock exchange authorities at 7.36 this morning and are also available on our website at www.enagas.es. Arturo Gonzalo, our Chief Executive Officer of Enagas, will be running this call, which we expect should take about 20 minutes. And after that, we will open a Q&A session in which we will try and answer your questions in as much detail as possible. Thank you very much for your attention. I'm going to hand it over to Arturo Gonzales. Good morning, ladies and gentlemen. Thanks very much for your attention. I'd like to welcome you to this earnings presentation, in which I am joined by our CFO, Luis Romero, our Board Secretary and CLO, Diego Trillo, our Chief Officer for Institutional and Investor Relations and Communications, Felisa Martin, our Head of Investor Relations, Cesar Garcia, on our Head of Management Control and Business Analysis, Natalia Moragil. I'll start my presentation covering the main milestones in the implementation of our strategic plan this year and then I will speak about the main highlights of our financial results which, as you will have noticed, have outperformed the year's budget targets. And finally, I will go over the progress made in our ESG commitments and I will present the company targets for 2026. It's been a year since we disclosed our strategy update, and 2025 has been a year of consolidation for NRAS, in which we have made rapid progress along the three main lines of our strategy, which you may recall are supply security for Spain and Europe, financial and operating expense control under our efficiency plan, and the development of green hydrogen infrastruct...