Pollard Banknote Limited (PBL) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Welcome to the Pollard Banknote Limited second quarter 2025 results conference call. Listeners are reminded that certain matters discussed in today's conference call or answers that may be given to questions asked could constitute forward-looking statements that are subject to risks and uncertainties related to Pollard's future financial or business performance. Certain material factors or assumptions are applied in making forward-looking statements. and actual results may differ materially from those expressed or implied in such statements. The risk factors that may affect the results are detailed in Pollard's annual information form and other periodic filings and registration statements, and you can access these documents at Cedar Plus database found at cedarplus.ca. I would like to remind everyone that this conference call is being recorded today, Thursday, August 14th, 2025. And I would now like to introduce Mr. Doug Pollard, Co-Chief Executive Officer of Pollard Banknote Limited. Please go ahead, sir. Okay, thank you very much, Jenny. And thank you everyone for joining with us today. On the call is John Pollard, Co-CEO and Rob Rose, CFO. We released our second quarter 2025 results yesterday. You can access our news releases as well as our financial statements and MD&A on our website at PollardBanknote.com. and also on CDAR+. Today we will start with prepared remarks from myself highlighting our 2025 second quarter operating achievements and overall business update. And John will then follow up discussing our second quarter results. As usual, we'll then open it up to questions. So the second quarter was a solid quarter. We continue our investments and we continue to benefit from the breadth of our gaming offerings. We had lower instant tic...