Operator

Welcome to the Card Factory FY '26 Preliminary Results Presentation. Please welcome to the stage, CEO, Darcy Willson-Rymer.

Darcy Willson-Rymer
CEO & Executive Director

Good morning, and welcome to our full year results presentation for FY '26. Thank you for joining us today, whether you're here in the room at UBS or whether you're joining us online. I'm Darcy Willson-Rymer, CEO of Card Factory.

And joining me today is Matthias Seeger, our CFO. Following an introductory overview of the past year, Matthias will provide the financial performance update for FY '26, and Matthias and I will then provide an update on the celebration occasions market and the progress we have made on our Opening Our New Future strategy. Matthias and I will look forward to answering any questions that you may have at the end.

Despite a challenging consumer backdrop in FY '26, we continue to execute our strategy to transform Card Factory into a global celebrations group. While maintaining our position as the U.K.'s leading card specialists, we continue to expand across occasions and categories. And this is reflected in the continued development of our gift and celebration essentials offer as we continue to increase our share of the celebration occasions market.

At the same time, our focus on value and quality remains central to our customer proposition, ensuring we remain