Iberdrola Sa S/Adr (IBDRY) Q2 2025 Earnings Call

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WEBVTT 00:00:01.212 -- 00:00:04.397 Buenos dias, señoras y señores. Good morning, ladies and gentlemen. 00:00:04.397 -- 00:00:08.463 First of all, we would like to offer a warm welcome to all of you who have joined us 00:00:08.463 -- 00:00:12.950 today for our 2025 first half result presentations. 00:00:12.950 -- 00:00:17.096 As usual, we will follow the traditional format given in our events. 00:00:17.096 -- 00:00:20.681 We are going to begin with an overview of the results and the main developments during 00:00:20.681 -- 00:00:25.889 the period, and additionally, and on this occasion only, we will provide details 00:00:25.889 -- 00:00:30.983 of the equity rise currently underway. Everything done by our top 00:00:30.983 -- 00:00:35.628 executive team that is today with us. Mr. Ignacio Galán, Executive Chairman. 00:00:35.628 -- 00:00:41.015 Mr. Pedro Azagra, CEO. And finally, Mr. Pepe Sainz, CFO. 00:00:41.015 -- 00:00:45.300 Following this, we'll move on to the Q&A session. 00:00:45.300 -- 00:00:49.485 I would also like to highlight that we are only going to take questions submitted via 00:00:49.485 -- 00:00:54.772 the web. So, please ask your question only through our webpage 00:00:54.772 -- 00:00:56.772 www.iberdola.com. 00:00:58.520 -- 00:01:03.612 As mentioned previously, in today's event, we will be discussing, in addition 00:01:03.612 -- 00:01:08.743 to the H2025 result, certain information regarding a proposed capital market 00:01:08.743 -- 00:01:10.247 transaction, 00:01:10.247 -- 00:01:15.749 access to which is restricted for persons located in the United States of America. 00:01:15.749 -- 00:01:20.877 Accordingly, persons located in the U.S. will be unable to log in at 00:01:20.877 -- 00:01:25.984 this time, and if any such persons have logged in here, we 0...