Rai Way S.p.A. (0R40) Q4 2025 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a04267-8ea9-73d3-b4c8-c2e1665259e9 Created: 2026-08-27T08:47:59.948Z Duration: 2118.9485 Channels: 1 00:00:00.000 -- 00:00:02.320 This is the conference operator. 00:00:03.040 -- 00:00:05.279 Welcome, and thank you for joining the Rai 00:00:05.279 -- 00:00:08.480 Way Full Year twenty twenty five Results Presentation. 00:00:08.880 -- 00:00:11.679 All participants are in listen only mode. And 00:00:11.679 -- 00:00:13.519 after the presentation, there will be a Q 00:00:13.519 -- 00:00:14.240 and A session. 00:00:15.325 -- 00:00:16.925 At this time, I would like to turn 00:00:16.925 -- 00:00:19.885 the conference over to Mr. Andrea Moretti, 00:00:19.885 -- 00:00:22.205 Head of IR. Please go ahead, sir. 00:00:23.244 -- 00:00:25.325 Thank you, operator, and good evening. 00:00:25.645 -- 00:00:28.765 At today's conference call, we will present Railway's 00:00:28.765 -- 00:00:29.724 2025 00:00:29.724 -- 00:00:32.739 full year results, operating achievements 00:00:32.739 -- 00:00:34.739 as well as our 2026 00:00:34.739 -- 00:00:35.460 guidance. 00:00:36.020 -- 00:00:37.300 Today's hosts 00:00:37.620 -- 00:00:38.260 are 00:00:38.660 -- 00:00:42.579 CEO, Roberto Cicato CFO, Adalberto Pellegrino and our 00:00:42.579 -- 00:00:45.460 Chief Corporate Development Officer, Giancarlo Benucci. 00:00:46.025 -- 00:00:48.024 Please Mr. Giacatto, go ahead. 00:00:49.305 -- 00:00:51.225 Good evening from me too. 00:00:52.105 -- 00:00:55.065 The fourth quarter and more in general, the 00:00:55.065 -- 00:00:56.905 entire 2025 00:00:56.905 -- 00:00:57.864 confirmed 00:00:58.105 -- 00:01:01.145 the sound and stable fundamentals of our business. 00:01:02.560 -- 00:01:05.840 This year further supported by cost control actions 00:01:05.84...