Yara International Asa (YRAIF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.236 Welcome to Jara's Fourth Quarter Results presentation. 00:00:03.236 -- 00:00:08.604 Today's presentation will be held by our CEO, Svein-Tore Holsetter, and our CFO, 00:00:08.604 -- 00:00:12.771 Magnus Krogh Arnparstad. After the presentation, at 1 p.m. 00:00:12.771 -- 00:00:16.517 Oslo time, there'll be a conference call where you can dial in and ask questions. 00:00:16.517 -- 00:00:20.503 You can find logon details on our webpage under Investors. 00:00:20.503 -- 00:00:25.908 And with that, it's my pleasure to hand over to our CEO, Svein-Tore Holsetter. 00:00:28.060 -- 00:00:32.507 Thank you, Maria. Good morning, good afternoon, and good evening. 00:00:32.507 -- 00:00:35.992 And thank you for joining our fourth quarter 00:00:35.992 -- 00:00:37.995 earnings presentation. 00:00:37.995 -- 00:00:42.141 As always, I'm starting with our safety performance. 00:00:42.141 -- 00:00:47.549 Our license to operate is based on us creating a safe working environment for 00:00:47.549 -- 00:00:52.617 all our employees and contractors. Our 2025 performance has not 00:00:52.617 -- 00:00:57.676 been at the level that we want to be at. Our TRI rate increased from 00:00:57.676 -- 00:01:02.743 0.9 at the end of fourth quarter 2024 to 00:01:02.743 -- 00:01:07.627 1.2 at the end of 2025. 00:01:08.051 -- 00:01:13.078 As I talked about in our third quarter presentation and at our capital markets 00:01:13.078 -- 00:01:18.366 day, we experienced a tragic accident in Rio Grande 00:01:18.366 -- 00:01:22.735 leading to the death of one of our employees. 00:01:22.735 -- 00:01:24.258 This 00:01:24.258 -- 00:01:29.668 happened in August of last year. We are doing our utmost 00:01:29.668 -- 00:01:31.351 to prevent 00:01:31.351 -- 00:01:36.861 this or any serious acci...