Exor Nv Ord (EXXRF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good afternoon. Welcome and thank you for joining the EXA investor and analyst call. Please note that the presentation is available to download on EXA website at www.exa.com under the investors and media events and presentation section. Any forward-looking statements EXA management makes are covered by the safe harbor statement included in the presentation materials. Please note that this conference is being recorded. As a reminder, all participants are in a listen-only mode. Later, there will be a brief question and answer session. To ask a question on the phone, please press star 1 and 1 and wait for your name to be announced. To refer your question, please press star 1 and 1 again. Alternatively, you may also send your written questions on the webcast at any time by typing them in the question box and click Submit. At this time, I would like to turn the conference over to your host, CEO, John Elkann. Please go ahead. Good morning, good afternoon, and good evening to all of you. Thank you for being here today with us. 2025 was a difficult year in many different ways for XOR and for our companies. But it also has been a year that has helped us be more focused and be more resilient, which enables us as a company to be better prepared for another difficult year, which will be 2026. Today, we want to talk to you about our companies. We have less of them and we have more in healthcare. We want to speak to you about Lingotto, who has reached a very important milestone in 25, reaching $10 billion of assets under management, driven by performance, which is exactly in line with our intentions of building an investment organization interested in performance, not in gathering assets. And finally, our financials that on the back of disposals have provided...