Alvaro Bernal
Analyst, Alantra
Replay available
ENCE Energía y Celulosa, S.A. (EEYCF) Q4 2025 Earnings Call
ENCE Energía y Celulosa, S.A. (OTC: EEYCF) Q4 2025 earnings conference call, held 2026-02-25. Replay captured from the company's public earnings webcast.
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Cole Hartran
Analyst, Jefferies
Ignacio Colmenares
Executive Chairman & CEO
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Watch the replay and follow the connected company analysis, news, and investor updates for Ence Energia Y Celulosa Sa.
Replay transcript excerpt
WEBVTT 00:00:01.837 -- 00:00:07.104 Good morning, ladies and gentlemen. Welcome to the NCEI fourth quarter 2025 results 00:00:07.104 -- 00:00:12.412 presentation. I will now hand over to Mr. Ignacio Colmenares, Executive Chairman 00:00:12.412 -- 00:00:17.499 and CEO, and Alfredo Avelio, CFO. Gentlemen, please go 00:00:17.499 -- 00:00:19.499 ahead. 00:00:20.202 -- 00:00:25.229 Good morning, good afternoon, and welcome to NCEI's fourth quarter and full year 00:00:25.229 -- 00:00:28.894 2025 results presentation. 00:00:28.894 -- 00:00:31.469 Thank you for joining us. 00:00:31.469 -- 00:00:33.892 I am Ignacio Colmenares, 00:00:33.892 -- 00:00:39.658 executive chairman, and today I'm joined by our CFO, Alfredo Avedio, 00:00:39.658 -- 00:00:43.520 and our head of IR, Ines Alvarez. 00:00:43.682 -- 00:00:49.566 Let me start with a strategic picture of our overall objectives. 00:00:50.049 -- 00:00:52.572 Our plan is simple to describe 00:00:52.572 -- 00:00:56.073 and rests on four pillars. 00:00:57.016 -- 00:00:58.658 First, 00:00:58.658 -- 00:01:04.401 growth in higher margin special part substituting BSKT. 00:01:05.443 -- 00:01:10.167 Second, local wood and biomass sourcing. 00:01:10.167 -- 00:01:14.209 Third, cash cost efficiency. 00:01:14.331 -- 00:01:18.734 And fourth, renewables EBDA growth, 00:01:18.734 -- 00:01:23.999 leveraging our position as the largest collector and manager of biomass in the Iberian 00:01:23.999 -- 00:01:25.999 Peninsula. 00:01:27.362 -- 00:01:32.692 Slide four summarizes the year 2025 and the fourth quarter. 00:01:32.692 -- 00:01:38.615 It captures the progress we are making on all pillars of the strategy. 00:01:39.338 -- 00:01:44.442 The bulk price environment was challenging for much of the year, but 00:01:44.442 -- 00:01:49.305 we saw a clear ...