Operator

Good morning, ladies and gentlemen, and welcome to the Power Corporation First Quarter 2026 Earnings Conference Call. [Operator Instructions] I would like to remind everyone that this call is being recorded on Wednesday, May 13, 2026.

I would now like to turn the conference over to Mr. Steven Hung, Head of Investor Relations for Power Corporation.

Steven Hung

Thank you, operator. Good morning, everyone, and thank you for joining our first quarter financial results call.

Before we start, please note that a link to our live webcast and materials for this call have been posted to our website at powercorporation.com, under the shareholder Reports tab. Please turn to Slide 2.

I'd like to draw your attention to the cautionary note regarding the use of forward-looking statements, which form part of today's remarks. Please also refer to Slide 3 for a note on the use of non-IFRS financial measures and clarifications on adjusted net asset value.

To discuss our results today, joining us are President and CEO, Jeffrey Orr; and our EVP and CFO, Jake Lawrence. We will begin with opening remarks followed by Q&A. And with that, I'll turn the call over to Jeff.

Robert Orr
President, CEO & Director

Thank you, Steve, and thank you to all of you for joining us here