Operator

Thank you for standing by. At this time, I would like to welcome everyone to the BQE Water Q4 2025 Investor Call. [Operator Instructions] I would now like to turn the conference over to the BQE Water management team. Please go ahead.

David Kratochvil
President, CEO & Director

Hello, everyone. My name is David Kratochvil. I'm the President and Chief Executive Officer of the company. And on behalf of our entire team, warm welcome to our conference call about Q4 and year-end results for 2025. With me here on the call today are Heman Wong, the Chief Financial Officer of the company; and Peter Gleeson, Executive Chairman of the Board. We will start the call by Heman summarizing the highlights of the financial results. And I will then provide a few comments to set the financial results in a broader context on the past, present and future expectations from the management's perspective, and then we'll open the floor for questions.

I do need to remind everyone, though, on the call that the discussion will contain forward-looking statements about future business and financial expectations, and the actual future results may differ from those projected in today's forward-looking statements due to various risks and uncertainties, including the risks described in our financial report. Furthermore, on this call, we will refer to certain non-GAAP financial measures such as proportional revenue and adjusted EBITDA and a reconciliation of these measures to the closest GAAP financial measure is included in our MD&A, which is available on our website. And now I will pass the floor over