Techtronic Indus Ltd Adr (TTNDY) Q4 2025 Earnings Call

Investor webinar replay

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It gives me great pleasure to welcome all of you to our TTI Groups of Company 2025 annual results announcement. Obviously you can see we are trying to save money. Last year the table was twice as big. Anyhow, we are in a semi-war condition. What I can tell you and deliver you today by our Group CFO, Mr. Steve Richman, by Chairman Stephan, our Group CFO, Frank Chang, I think that we have done fantastic and none of our competitors has duplicated our results over the last three years. And we will go with full confidence ahead. To make it short, we delivered a strong 2025, particularly given the macroeconomic and geopolitical volatility. We continued driving market shares and gained market share and delivered record profit with the third consecutive year of free cash flow above One billion. Now, to make it easy to understand, one billion means 1,000 million. So we're talking about 3,000 billion. And that is an achievement. I'm now going to hand over the floor to our group CEO, Mr. Steve Richman, to explain and enlighten you about our activities and our future and why we are so bullish in looking forward for 2026 with a strong momentum like never before. Please, Steve. Well, before Steve gives you the most exciting news and prospects, I will start from giving you our results first. So, yeah, like I said, thank you, Chairman. 2025 indeed was a pretty challenging year and yet we managed to deliver a 4.4% revenue growth to US dollar $15.3 billion and a record net profit of $1.2 billion, a 6.8% increase. New Lockley continued to fill the group's growth with an 8.1% reported sales growth. Excluding the discretionary suspension of some promotion programs in the second half of 2025, on an underlying basis, Milwaukee actually grew 10.3% last year. The OB business had another outs...