Iberdrola Sa S/Adr (IBDRY) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.617 Buenos dias, señoras y señores. Good morning, ladies and gentlemen. 00:00:03.617 -- 00:00:08.305 First, we would like to extend a warm welcome to all of you who have joined us today 00:00:08.305 -- 00:00:10.709 for our 2025 fiscal 00:00:10.709 -- 00:00:13.073 year results presentation. 00:00:13.073 -- 00:00:17.120 As is customary, we will follow the traditional structure of our events. 00:00:17.120 -- 00:00:21.087 We are going to begin with an overview of the results and the key development during 00:00:21.087 -- 00:00:26.118 the period. The presentation and the Q&A part will be delivered by the top 00:00:26.118 -- 00:00:31.387 executive team joining us today. Mr. Ignacio Galán, Executive Chairman, 00:00:31.387 -- 00:00:37.216 Mr. Pedro Zagra, CEO, and finally, Mr. Pepe Sainz, CFO. 00:00:37.216 -- 00:00:41.603 After the presentation, we'll move on to the Q&A session. 00:00:41.603 -- 00:00:46.390 I would like to remind you that we will only be taking questions submitted through our 00:00:46.390 -- 00:00:50.340 website. please send your question exclusively 00:00:50.340 -- 00:00:53.241 via www.iberdola.com. 00:00:54.765 -- 00:00:59.932 Finally, we expect today's event to last no more than 60 minutes. 00:00:59.932 -- 00:01:05.038 Should any question remain unanswered, the IR team will, as always, remain fully at your 00:01:05.038 -- 00:01:10.265 disposal. We hope that this presentation will be useful and informative for all of you. 00:01:10.265 -- 00:01:14.190 And now, without further ado, I would like to hand the floor over to Mr. 00:01:14.190 -- 00:01:16.954 Ignacio Galán. Thank you once again. Please, Mr. 00:01:16.954 -- 00:01:18.061 Galán. 00:01:18.061 -- 00:01:22.328 Thank you, Ignacio. Good morning, everyone, and thank you very ...