Operator

Good morning, everyone, and welcome to Sabio Holdings 2025 Earnings Call. The financial statements and management discussion and analysis are available on SEDAR+. Today is Friday, May 1st. Joining us are Sabio's Founder and Chief Executive Officer, Aziz Rahimtoola; and our Chief Financial Officer, Sajid Premji. [Operator Instructions]

Before we begin, please note that today's remarks may contain forward-looking statements and information. These statements involve known and unknown risks and uncertainties. Please refer to the filings on SEDAR+ for more information. All figures are stated in U.S. dollars unless noted otherwise.

With that, I now turn it over to Aziz.

Aziz Rahimtoola
Co-Founder, CEO & Chairman

Thank you, Martin. Good morning, everyone. Our performance in 2025 reflects a year that was both transformative and volatile. We entered the year with a clear mandate to drive top line growth while diversifying into programmatic and international markets. That strategy delivered strong early results with a 34% year-over-year growth in the first half. As the year progressed, macroeconomic pressures, particularly tariff impacts across two key sectors of auto and telco sectors disrupted momentum, resulting in a flat second half relative to the first, something we had never experienced in our 11-year history. Despite these headwinds, we delivered 10% top line growth, excluding political and advocacy, driven by expansion into new products and global markets. More importantly, we have established a stronger foundation for future growth through diversification and scale.

We transitioned from a business where 97% of revenue in 2024 was driven by a single product