Foraco International SA (FAR) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the FORACO third quarter 2025 earnings call. At this time, all lines are in listen-only mode. Following the presentation, we'll conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Thursday, October 30th, 2025. I will now like to turn the conference over to Tim Rebner. Please go ahead. Thank you, operator. Good morning, everyone, and welcome to Farako International's Q3 2025 earnings call. I am Tim Bremner, CEO of Farako, and joining me today is Fabian Sevest, our CFO. Earlier today, we released our third quarter 2025 financial results via CNW Newswire prior to the opening of the TSX. If you do not yet receive a copy, you can find it at our website at www.farako.com. Following our comments, we will open the call for questions, which will be moderated by our operator. This quarter continued to show operational progress and disciplined cost management across our business. Morocco reported Q3 2025 revenue of $71 million or $72 million when excluding foreign exchange effects, compared to $79 million in the same period last year. EBITDA was $14 million, representing 20% of revenue, compared to 21% in Q3 2024. Earlier this week, we announced the award and renewal of three significant long term contracts in Chile and Canada, with a combined expected value of 150 million. These wins demonstrate for Aqua's ability to consistently deliver a diversified services offering and the strong value our customers recognize beyond simply price competitiveness. I'll now turn the call over to Fabian for a detailed review of the quarter's financial performance. Fabian? Thank you, Tim, and good morning, everyone. First...