Orexo AB (ORX) Q4 2025 Earnings Call

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WEBVTT 00:00:00.335 -- 00:00:02.335 Welcome 00:00:03.238 -- 00:00:07.301 to the conference call. For the first part of the conference call, the participants will 00:00:07.301 -- 00:00:11.665 be in listen-only mode. During the questions and answer session, participants are able 00:00:11.665 -- 00:00:15.329 to ask questions by dialing star 5 on their telephone keypad. 00:00:15.329 -- 00:00:17.971 Now I will hand the conference over to the speakers. 00:00:17.971 -- 00:00:20.431 Please go ahead. 00:00:21.574 -- 00:00:26.138 Good afternoon, everyone, and good morning to those of you dialing in from the U.S. 00:00:26.138 -- 00:00:31.478 I'm Nikolai Sorensen, and I'm here together with Today 00:00:32.561 -- 00:00:36.846 we're going to go through our fourth quarter and the end result. 00:00:36.846 -- 00:00:40.991 We will provide a business update. This time it will be a little special because of the 00:00:40.991 -- 00:00:45.015 transaction we just completed, as most of you are probably aware of, and the divestment 00:00:45.015 -- 00:00:50.281 of SoftSol. So we will have a lot of focus on the transaction and the implications 00:00:50.281 -- 00:00:54.043 on the organization and the same for the financials. 00:00:54.065 -- 00:00:59.090 Financials have a significant impact from this transaction, of course, but also 00:00:59.090 -- 00:01:02.452 the way that the financials are structured 00:01:02.894 -- 00:01:07.036 makes it a little more difficult than usual to analyze 00:01:07.199 -- 00:01:11.523 and understand the implications for the company going forward and even the performance 00:01:11.523 -- 00:01:15.687 in the last quarter. So Frederick will talk you through that. 00:01:15.687 -- 00:01:19.709 And then we will end up with a Q&A session. 00:01:19.934 -- 00:01:25.199 So, ver...