OPAP Holding Société Anonyme (GOFPY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. I am Geri, your chorus call operator. Welcome and thank you for joining the OPAP-SA conference call and live webcast question and answer session to discuss the second quarter 2025 financial results. At this time, I would like to turn the conference over to Mr. Jan Karas, Chairman and CEO of OPAP-SA. Mr. Karas, you may now proceed. Thank you, Geri. Good evening or good morning to everyone. I hope you all had an amazing summer and we are very glad to have you with us here today to share with you the strong set of Q2 2025 results. Hopefully you had a chance to review and enjoy the recorded video we have prepared for you and Chert earlier today. In a nutshell, we are pleased with our 6.5% growth rate in the first half of the year and we certainly remain confident for the rest of the year. I particularly wanted to highlight the strategic investment in Stichemann in the second quarter, targeting to create sustainable value for our shareholders, while at the same time distributing 0.5 euros per share as an interim dividend. I guess it's the best to jump straight into the Q&A to make our discussion more interactive. Kelly, over to you. Thank you, Mr. Kados. The first question is from the line of Dražučka Mrapic with Eurobank Equities. Please go ahead. Yeah, hello there and thank you very much for taking my questions. Hope you can hear me well. Actually three questions from my side, if I may and perhaps we can take them one at a time. So firstly on the dividend policy, on the interim dividend, how should we interpret the cut versus last year? You talk in your presentation about in essence preserving firepower for a for upcoming investment needs. I mean, just to put it plainly, if 25 profits end up higher year on year, should we...