Wise plc (WISE) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. Thank you very much for joining us today, both in the room and online for our FY25 results presentation. We have some slides that have been produced that will be presented to you by our CEO and co-founder, Chris O'Carman, followed by Emmanuel Thomason, our CFO. We'll then move into Q&A. And I'll explain the process for Q&A once we get there, but we'll start in the room before moving over onto Zoom. So without further ado, it's my pleasure to introduce Christo. Thanks for having me. It feels like we're doing this every other week now. We just had the owner's day only a month ago. I would love to find a clicker so that I can move on the slides. It's coming. Thank you so much. So great to see you again and happy to cover now as a kind of the full scope of the financial year that we just finished. We did give you a lot of preview already on that during the owner's day. So a lot of the numbers are probably familiar to you. We also added another announcement to our earnings release this morning. So I'll come back to that towards the end. So hold tight. But I'll start with, actually, before we get into the numbers, the reminder of why do we even exist? Why are we doing what we're doing? It's because we believe that money should work without borders. It should work the same internationally as it works at home. But there's still a huge amount of friction and stress when people and businesses move across borders or try to do business across borders. So we will remind today about how our infrastructure and products are addressing this problem and cover the progress that we've made. But first, I'll keep reminding ourselves that we are very early in our journey. We estimate individuals move about 3 trillion a year across borders. We have about 5% share of...