Thales S.A. (0IW5) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's Thales 2025 full-year results conference call. The presentation will be held by Patrice Kane, Thales Chairman and CEO, and Pascal Bouchier, Thales CFO. You will be followed by a question and answer session, at which time, if you wish to ask a question, please press star 1-1 on your telephone and wait for your name to be announced. I must advise you that this conference is being recorded. I would now like to turn the conference over to Mr. Louis Higonet, VP, Head of Investor Relations. Please go ahead, sir. Good morning, everyone. Welcome and thank you for joining us for the presentation of Thales 2025 Full Year Results. I'm Louis Higonet. I recently joined Thales as head of IR. I'm excited to be with you today. With me today are Patrice Kane, Chairman and CEO, and Pascal Bouchard, CFO. The presentation will be followed by a Q&A session. As usual, this presentation is audio webcasted live on our website at thalesgroup.com, where the slides and press release are also available for download. A replay will be available soon after the end of the event. Please also note that this presentation contains forward-looking statements based upon what management of the company believes are reasonable assumptions. These statements are not guarantees of future performance. With that, I'd like to turn over the call to Patrice Kim. Good morning, everyone. So I'm now on slide number two. So let's start by sharing some highlights for 2025, which was another very strong year for Thales. First, on commercial performance, we delivered another year of strong order intake, equalling the record level reached in 2024, thanks to our strategic positioning in high growth markets. Our sales growth accelerated, su...