Nancy Llovera

Good morning, and welcome to Axtel's First Quarter 2026 Earnings Webcast. My name is Nancy Llovera, Axtel's Investor Relations and Corporate Finance Manager. And today, I'm joined by Armando de la Pena, Chief Executive Officer; and Adrian de los Santos, Chief Financial Officer. Financial information for both Axtel and Controladora Axtel, including the unaudited first quarter report are available on our corporate website. We will begin today's session with an overview of our business performance followed by a Q&A segment. For your convenience, this webcast is being recorded and will be available on our website.

Before we begin, please note that today's discussion may include forward-looking statements. These statements reflect management's current views and expectations and are subject to risks and uncertainties that could cause actual results to differ. Axtel assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. With that, I will now hand the presentation over to Armando.

Armando de Pena
Chief Executive Officer

Thank you, Nancy, and welcome, everyone, to our conference call. I hope everyone is doing well. Let me start with an overview of our first quarter performance and relevant events. First quarter revenues increased by 6% and 8% in the Enterprise and Government segment, respectively. Despite solid new contract acquisition in the Wholesale segment, comparable revenue and comparable EBITDA were affected by the absence of revenue and expense benefits from the extraordinary agreement with a major wholesaler mobile operator in the first quarter of 2025.

We expect EBITDA performance to improve progressively over