Tom Greenwood
Group Chief Executive Officer & Director

Good morning, everyone, and thank you for joining our Q1 2026 earnings call. And I extend my sincere thoughts for those of you caught up in the Iranian conflict. We started the year strongly, delivering a robust operational and financial performance, underpinned by continued structural demand across our markets and the strength of our business model. Today, I'll walk you through our highlights and strategic progress before handing over to Manjit for the financials. So joining me today are Manjit Dhillon, our CFO; and Chris Baker-Sams, our Head of Investor Relations. Before we get into the quarter, let me briefly reiterate what makes Helios Towers a compelling investment proposition. First, we operate a world-class platform where our focus on customer experience excellence underpins everything we do. Today, across our 15,000 sites in 9 high-growth markets, we enable connectivity to around 160 million people, and we see that growing to close to 200 million by 2030.

Second, we are positioned in a multi-decade growth opportunity. In the next 5 years alone, data consumption across our markets is expected to quadruple. And over the next 25 years, populations in most of our markets are set to double. Third, we have a robust business model, generating long-term predictable cash flows through contracts with Tier 1 mobile network operators. And finally, our approach to capital allocation remains disciplined and clearly focused. We prioritize organic growth opportunities where we see attractive