Nick Estrella
Vice President, Investor Relations
Replay available
Saputo Inc. (TSX: SAP) Q4 2025 earnings conference call, held 2025-06-06. Replay captured from the company's public earnings webcast.

Vice President, Investor Relations
Analyst, RBC Capital Markets
Analyst, CIBC
Analyst, TD Securities
Analyst, Scotiabank
Analyst, Jefferies
Analyst, Desjardins
Analyst, National Bank of Canada
and the webcast will be posted on our website along with the fourth quarter investor presentation. Please also note that some of the statements provided during this call are forward-looking. Such statements are based on assumptions that are subject to risks and uncertainties. We refer to our cautionary statements regarding forward-looking information in our annual report, press releases, and filings. Please treat any forward-looking information with caution as our actual results could differ materially. We do not accept any obligation to update this information except as required under securities legislation. I'll now hand it over to Carl. Thank you, Nick, and good morning, everyone. As I approach the end of my first year into my role as president and CEO, I am incredibly proud of what the team has accomplished in fiscal year 25. Over this time, we have reinforced our executive leadership team across the globe, enhanced operational efficiency, We refined our capital allocation plan and executed on a clear strategy to advance our goal of delivering sustainable value to our shareholders. Despite a volatile macroeconomic landscape, we stayed focused and delivered consistent operating and financial performance. The strength of our balance sheet allowed us to accelerate share buybacks with approximately $150 million in shares repurchased under our NCIB program in fiscal year 25. Over the past four years, we have solidified our asset base, anchored in strengthening our foundation, and optimizing our diversified portfolio. In fiscal year 25, we continued that momentum through strong contributions from capital investments, progress across strategic initiatives, and disciplined cost control. And there is more we can do. Despite the efforts we have made in stabilizing our perf...