Velan Inc. (VLN) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Joelle, and I will be your conference operator today. At this time, I would like to welcome everyone to the conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star 1 on your telephone keypad. If you would like to withdraw your question, please press star 2. Thank you. Mr. Rishi Sharma, you may begin your conference. Thank you, operator. Good morning, and thank you for joining us on our conference call. Happy New Year to all. Bonjour, et merci d'avoir nous joint sur notre appel conférencier. Bonne année à tous. Today, in addition to our third quarter results, we will also discuss two important transactions that position Belen for sustainable long-term growth, improve our balance sheet, and unlock significant value for our shareholders, namely the divestiture of our asbestos-related liabilities and negotiations for the sale of our French subsidiaries. Given the latter, our French businesses have been reclassified as assets held for sale and discontinued operations in our financial statements. Our discussion of operating results will essentially focus on continuing operations unless otherwise specified. Let's start by discussing the disclaimer from our related investor relations presentation, which is available on our website in the investor relations section. As usual, the first section mentions that the presentation provides an analysis of our consolidated results for the third quarter ended November 30th, 2024. The Board of Directors approved these results yesterday, January 14th, 2025. The second paragraph refers to non-IFRS supplementary financial measures, which are d...