David King
Chief Engineer
Replay available
Vertical Aerospace Ltd. Ordinary Shares (NYSE: EVTL) Q4 2025 earnings conference call, held 2026-03-24. Replay captured from the company's public earnings webcast.

Chief Engineer
Analyst, Barclays
Analyst, Canaccord Genuity
Analyst, Natum
Analyst, Deutsche Bank
Head of Investor Affairs
Analyst, William Blair
Chief Executive Officer
Chairman
Analyst, HC Wainwright
Thank you for standing by. My name is Carly and I will be your conference operator today. At this time, I would like to welcome everyone to the Vertical Aerospace Full Year 2025 Business and Strategy Update 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 followed by the number one on your telephone keypad. If you would like to withdraw your question, Press star 1 again. Thank you. I would now like to turn the call over to Samuel Emden, Head of Investor Affairs. Please go ahead. Good morning. I'm delighted to welcome you to Vertical Aerospace's full-year business and strategy update call. Before we get started, I'd like to remind you that during today's call, we'll be making forward-looking statements. These statements involve risks and uncertainties that may cause actual results to differ materially. Any forward-looking statements we make are based on assumptions as of today. We undertake no obligation to update these statements as a result of new information or future events. We've posted an accompanying slide deck to our investor relations website at investors.verticalaerospace.com, which contains detailed information on forward-looking statements. For a more complete discussion about these risks and uncertainties, we have filed our 2025 annual report with the SEC earlier today. Please now let me hand over to our chairman, Donald Slattery. Good morning and thank you, Samuel, and thank you all for joining us this morning. So over the past several weeks, we've had the privilege of hosting a series of VALO showcase events here in the UK and London, New York, Miami, and most recently in Atlanta. Thes...