Albert Collado Armengol
Secretary

Well, good morning. Welcome to the General Annual Assembly 2026. Thank you for being here today with us in person and online. Above all, thank you for your trust. I see many familiar faces that have been with us for many years. This is a trust that cannot be taken for granted. It has to be built up every day. Dear shareholders, it's such a pleasure to welcome you again and to share with you a very important moment for the company.

Let me start with a special acknowledgment to all of the people who are part of Fluidra. They are the ones who truly make it possible for the company to move forward every day, staying close to the customers, innovating, executing and adapting in what continues to be, as you all know, a very -- I mean, for the past 2 years, it has been a highly demanding environment.

We come to this meeting having recently presented our first quarter results. It's important to acknowledge the context in which we operate. Jaime will mention it in his presentation. We live in a highly volatile environment where markets often react in the short term and where at times, perception may not fully reflect the underlying reality of companies. It is important to state it clearly.

At Fluidra, we have demonstrated extraordinary implementation and adaptability while at the same time strengthening its competitive position. Today, Fluidra is a stronger company than ever. It is more global, more efficient and therefore, better prepared than ever. As I mentioned, we have continued to invest. We have continued to transform, and