Daniel Harari
Chairman & CEO

Good morning to all. Thanks for joining us this morning. So the shareholders' meeting is broadcast live on the Internet, translated into English. We have people online and all our major shareholders.

The agenda for the day, I'll introduce the speakers, then we'll have the opening formalities and with Olivier will present the key highlights and results 2025 before question and answers. Sorry for those online. Questions and answers will only be in the room, and then we'll have reading of the statutory auditors' reports, presentation and voting on resolutions and closure of the meeting.

Speakers, Celine Abecassis here present, who will address core compensation; Anne Borfiga next to me; Olivier du Chesnay on the other side. Flora Camp, Aurelie Lalanne, Jean-Christophe Pernet, statutory auditors in the front row. Thank you.

So I'll hand over to Anne for the opening formalities of the meeting.

Anne Borfiga
General Secretary

Thank you. Good morning. So as you know, we need a bureau that is made up of Daniel Harari, who will chair the meeting as Chairman of the Board; 2 scrutineers, Jerome Viala and Jean-Pernet, Olivier who's agreed to be the second scrutineer. Thank you, Jerome, Jean-Pernet, and I will act as meeting Secretary.

So just a brief reminder shown on screen is the schedule around the convening of the shareholders' meeting with the various dates that, I won't go through. Just all formalities were complied with within the legal time frame and all documents pertaining