Pollard Banknote Limited (PBL) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Welcome to the Pollard Banknote Limited fourth quarter and full year 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 forum and other periodic filings and registration statements. And you can access these documents at Cedar Plus, the database found at cedarplus.ca. I'd like to remind everyone that this conference call is being recorded today, Wednesday, March 11th, 2026. And I would like to introduce Mr. Doug Pollard, Co-Chief Executive Officer of Pollard Bank Notes Limited. Please go ahead, sir. Thank you very much, operator, and thank you everyone for joining us this morning. With us on the call today are John Pollard, Co-Chief Executive Officer, and Rob Rose, Chief Financial Officer. We released our 2025 fourth quarter and annual results yesterday. You can access our news release as well as our complete financial statements and MD&A on our website at PollardBankNote.com. and also on CDAR+. Today, I'll start with some prepared marks, highlighting our 2025 accomplishments and providing an overall business update. And John Pollard will then follow up with a discussion of our fourth quarter results. We'll then open it up to questions. 2025 was truly a transformational year for Pollard. In particular, our ongoing investmen...