Anna Webb
Analyst, UBS
Replay available
Uniper Se (OTC: UNPRF) Q4 2025 earnings conference call, held 2026-03-11. Replay captured from the company's public earnings webcast.

Analyst, UBS
Analyst, Kepler
Analyst, ODO BHF
Chief Executive Officer
Chief Financial Officer
Executive Vice President, Group Finance and Investor Relations
Ladies and gentlemen, welcome to the Uniper Analysts and Investor Conference call for the full year 2025. At our request, this conference will be recorded. As a reminder, all participants will be in listen-only mode. After the presentation, there will be an opportunity to ask questions by dialing star 1 on your telephone. May I now hand you over to the Executive Vice President, Group Finance and Investor Relations, Sebastian Feig, who will start the meeting today. Please go ahead. Thank you, operator, and good morning, everyone. I'm pleased to welcome you to our results call for the financial year 2025. Next to me on today's call are Michael Lewis, our chief executive officer, and Christian Barr, our chief financial officer. Michael will guide you through our key developments in the past financial year 2025 and our plans going forward. And Christian will walk you through our financial performance for 2025 and the outlook for this year. As usual, we will wrap up with a Q&A session at the end. And now, let's hand over to Michael Lewis, please. Thank you, Sebastian, and good morning, everyone, and a very warm welcome from my side, and thanks for dialing in today. Before we start with a recap of the past financial year, I'd like to just begin with a few opening remarks. And importantly, the 1st of January, 2026, marked Uniper's 10th anniversary and we're very proud that despite breaking geopolitical upheavals, Uniper has ensured energy security for Germany and Europe throughout this period. And today, we're a focused, resilient and indeed future-orientated utility with a clear strategy, a sharpened portfolio and a very strong financial foundation. And looking at the current situation and the developments in the Middle East do give us reason for concern. And first of all,...