Gerardo Lapati
Investor Relations & Corporate Affairs Director

Good morning, everyone, and welcome to Alsea's First Quarter 2026 Earnings Video Conference. My name is Gerardo Lozoya, Head of Investor Relations and Corporate Affairs. Today, you will hear from our Chief Executive Officer, Christian Gurria; and Federico Rodriguez, our Chief Financial Officer.

Before we continue, a friendly reminder that some of our comments today will contain forward-looking statements based on our current view of our business and that future results may differ materially from these statements. Today's call should be considered in conjunction with disclaimers in our earnings release and our most recent Bolsa Mexicana de Valores report.

The company is not obliged to update or revise any such forward-looking statements. Please note that unless specified otherwise, the earnings numbers referred to are based on pre-IFRS 16 standards. I will now hand it over to Christian for his initial remarks. Please go ahead, Christian.

Christian Dubernard
Chief Executive Officer

Thank you, Gerardo, Federico. Good morning, and thank you all for joining us in Alsea's First