La Francaise Des Jeux (LFDJF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.295 to our annual 00:00:03.295 -- 00:00:08.461 results presentation for 2025 and outlook for 00:00:08.461 -- 00:00:12.446 FDT United group. So before 00:00:12.446 -- 00:00:17.492 handing to Pascal to detail the financial results, 00:00:17.492 -- 00:00:22.739 as we always do it together, I will start 00:00:22.739 -- 00:00:26.423 by commenting on the key events of 2025. 00:00:26.423 -- 00:00:31.410 first year of Kindred's integration into our results. 00:00:31.410 -- 00:00:37.138 And I will then, of course, come back to present our outlook and we'll conclude and 00:00:37.138 -- 00:00:40.343 follow with Q&A. 00:00:40.343 -- 00:00:42.343 So 00:00:43.007 -- 00:00:44.469 just 00:00:44.469 -- 00:00:48.597 to say where we are today and what we are. 00:00:48.597 -- 00:00:50.782 So we 00:00:50.782 -- 00:00:56.015 are FTJ United, a group with a unique profile, with solid 00:00:56.015 -- 00:01:00.741 assets and a strong business model and this 00:01:00.846 -- 00:01:02.846 illustrates 00:01:03.312 -- 00:01:05.337 this statement. 00:01:05.337 -- 00:01:11.627 So in 2025, the group generated a growth planning revenue of 8.7 00:01:11.627 -- 00:01:13.450 million, a 00:01:13.450 -- 00:01:15.934 revenue of 3.7 00:01:15.934 -- 00:01:21.023 million and current EBITDA of 902 million, representing 00:01:21.023 -- 00:01:24.144 a margin of 24.5%. 00:01:25.655 -- 00:01:28.419 FDG United has 00:01:28.419 -- 00:01:33.786 developed over the year a unique profile based on solid assets and a robust 00:01:33.786 -- 00:01:38.513 business model and this is what I want to illustrate briefly through those numbers. 00:01:38.513 -- 00:01:43.620 We detail assets in all gaming activities and distribution channels. 00:01:43.620 -- 00:01:48.727 We are present in most European m...