Galp Energia SGPS SA (GLPEF) Q4 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Galp Energia, Sgps S.a. Class B.

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Replay transcript excerpt

WEBVTT 00:00:01.904 -- 00:00:06.368 Good morning, ladies and gentlemen. Welcome to GALP's fourth quarter and full year 2025 00:00:06.368 -- 00:00:11.714 results presentation. I will now pass the floor to Joao Gonçalves Pereira, Head of Investor 00:00:11.714 -- 00:00:13.714 Relations. 00:00:14.557 -- 00:00:20.242 Good morning, everyone, and welcome to GALP's fourth quarter and full year 2025 Q&A session. 00:00:20.242 -- 00:00:24.907 In the room with me, I have both our co-CEOs, Maria João Carioca and João Marques da 00:00:24.907 -- 00:00:28.050 Silva, as well as the full executive team. 00:00:28.050 -- 00:00:33.013 But before passing the mic for some quick opening remarks, let me start with our usual 00:00:33.013 -- 00:00:37.958 disclaimer. During today's session, we will be making four looking statements that are 00:00:37.958 -- 00:00:42.863 based on our current estimates. Actual results could differ due to the factors outlined 00:00:42.863 -- 00:00:46.546 in our questionnaire statement within the published materials. 00:00:46.546 -- 00:00:50.869 With this, João, would you like to say a few words? 00:00:51.951 -- 00:00:55.675 Thank you. Thank you, João, and good morning, everyone. 00:00:55.675 -- 00:01:01.405 Let me start by acknowledging the rapidly evolving and deeply concerning conflict 00:01:01.405 -- 00:01:06.672 in the Middle East, which is increasing geopolitical risk across the globe. 00:01:06.672 -- 00:01:11.858 The escalation, including strikes on critical infrastructure and threats to 00:01:11.858 -- 00:01:17.626 vital shipping routes, has materially increased uncertainty in global energy markets 00:01:17.626 -- 00:01:23.814 and the broader macro environment, reinforcing the need for resilience and discipline. 00:01:23.814 -- 00:01:28.420 Despite this incr...