Operator

Dear ladies and gentlemen, welcome to the conference call of MONETA Money Bank regarding First Quarter of the Year 2026 Financial Results. Please note that this conference call will be recorded. This event will have a live presentation followed by a Q&A session. [Operator Instructions] Today's speakers are Mr. Tomas Spurny, Mr. Jan Fricek, Mr. Jan Novotny and Mr. Andrew Gerber. May I now hand the call over to Mr. Tomas Spurny, who will lead you through the conference call. Sir, please go ahead.

Tomáš Spurný
CEO & Chairman of the Management Board

Good morning, ladies and gentlemen. Once again, I have the pleasure of presenting our quarterly results. Let's go to the summary of key highlights of our performance for the first quarter of 2026. We've generated net profit of CZK 1.6 billion. This is an improvement against comparable period of 2025 by 8%. The result, the first quarter accounts for 24% of the guidance that we put out in late January of this year. So I would say that we are performing according to expectations for this year. The result comes on growing operating income. We've generated CZK 3.5 billion of operating income with a nearly 5% improvement against, again, comparable period. We enjoy stable cost base, which increased by 1% to a level of CZK 1.5 billion. So that is really consistency of what we guided at the beginning of the year. With respect to the balance sheet of the bank, we