Operator

Welcome to the Landis+Gyr Full Year 2025 Results Presentation. Please note that this call will be recorded. [Operator Instructions] I'd now like to turn the call over to Christian Waelti, Head of Investor Relations. Please go ahead.

Christian Waelti
Head of Investor Relations & Corporate Communications

Thank you, moderator, and good afternoon, good evening, everyone. I'm Christian Waelti, Head of Investor Relations, and I'm joined today by Peter Mainz, our CEO; and Davinder Athwal, our CFO. As you know, earlier today, Landis+Gyr issued an ad hoc release and related presentation on the full year 2025 results, which are available on our website. This session will follow the structure of the presentation, so we encourage you to follow along. We'll conclude with Q&A, where our moderator will provide further instructions and where you will be able to ask questions. Please take a moment to review the usual disclaimer on Slide 2 of the presentation.

After this short introduction, I'd like to hand the floor over to our CEO, Peter Mainz.

Peter Mainz
CEO & Director

Thank you, Christian. Good afternoon, and good evening, everyone. I'm here with Davinder, our Chief Financial Officer, and we are pleased to present our full year 2025 financial results. With that said, let's now start with a review of the achievements in 2025. Let's turn to Slide 3.

Financial year 2025 was a