VICTORIA PLC (VCP) — Audited results for the year ended 29 March 2025

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a0460c-8c45-7f03-bd15-2d5016033c84 Created: 2026-08-28T01:48:51.529Z Duration: 2947.797 Channels: 1 00:00:01.680 -- 00:00:04.400 Good afternoon, and welcome to the VICTORIA PLC 00:00:04.400 -- 00:00:05.840 Investor Presentation. 00:00:05.920 -- 00:00:08.400 Throughout this recorded presentation, investors will be in 00:00:08.400 -- 00:00:10.719 listen only mode. Questions are encouraged and they 00:00:10.719 -- 00:00:12.575 can be submitted at any time using the 00:00:12.575 -- 00:00:14.095 q and a tab situated on the right 00:00:14.095 -- 00:00:15.855 hand corner of your screen. Simply type in 00:00:15.855 -- 00:00:18.095 your questions and press send. The company may 00:00:18.095 -- 00:00:19.535 not be in a position to answer every 00:00:19.535 -- 00:00:22.095 question or receives during the meeting itself. However, 00:00:22.095 -- 00:00:24.735 the company can review your questions submitted today 00:00:24.030 -- 00:00:26.270 and publish responses, which is appropriate to do 00:00:26.270 -- 00:00:28.110 so. Before we begin, I would like to 00:00:28.110 -- 00:00:30.030 submit the following poll. And I would now 00:00:30.030 -- 00:00:32.030 like to hand you over to executive chairman, 00:00:32.030 -- 00:00:33.950 Jeff Wilding. Good afternoon to you. 00:00:34.430 -- 00:00:35.950 Good afternoon, and thank you very much for 00:00:35.950 -- 00:00:36.990 joining joining the call. 00:00:37.735 -- 00:00:41.015 Yesterday, we published our FY twenty five results 00:00:41.175 -- 00:00:43.094 and confirmed the refinancing 00:00:43.094 -- 00:00:44.695 of our 2026 00:00:44.695 -- 00:00:45.335 bonds. 00:00:46.135 -- 00:00:47.094 In summary, 00:00:47.815 -- 00:00:51.335 the last year's demand remains subdued throughout th...