Unknown Executive

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has declined compared to the same period of last year. And this is explained by a lower weight of the GDT project segment, which, as you know, it's the segment that has the largest margins. But on the other hand, the weight of a recurrent segment and its good margins means that this margin over sales spans over this level of 30%. And these are record figures in our business. And today, during the AGM, we have spoken about this, the fact that the simplification of the company means that we have lower levels of turnover and less margins, of course.

But that's logical. But we are building a more profitable company. Our percentage over sales is much higher than what would have happened if we would have maintained these businesses.

Amortizations maintain the levels reported in previous quarters. And it's relevant to point out that there has been a reduction of financial expenses that are still maintaining a downward trend. And in particular, these costs were reduced by nearly 27% year-on-year and now stand at EUR 8 million on the closing date of Q1 of 2026 vis-a-vis the EUR 11 million reported in the same period of the previous year.

And with the reduction of the gross debt, we also have the positive contribution made by exchange rate differences. And this has produced a net attributable result of EUR 7 million, which is in line with the net result of the same period of the previous fiscal year, which shows that our performance is