Robert Bailhache
Director and Head of Investor Relations for EMEA & Asia

Hello. This is Rob Bailhache, and I run Burford's Investor Relations outside the Americas. I and the whole team of Burford welcome you to today's 2026 Retail Shareholder Audio webcast with Chris Bogart, Burford's Chief Executive Officer; and Jordan Licht, Burford's Chief Financial Officer. Thank you for your interest and in many instances, long-standing investment alongside Burford's employee shareholders who own today around 10% of the company. We hope you find this forum useful.

Before I hand over to Chris Bogart, some housekeeping. After some brief opening remarks from Chris, we'll move to Q&A. You can ask a question at any time by submitting it in the Q&A box that you see on the webcast dashboard on your screen. This is discreet to you. If you have any technical questions for the production team in our virtual green room, you can use the same private Q&A box for that purpose. We'll try to get through as many questions as possible, but due to the fixed time available, we likely won't be able to respond to each of them.

A selection of the questions we've already received are grouped by topic. We plan on getting to each topic that's been raised. If there are any new subjects from the live Q&A feed, we will certainly try to get to those as well. Finally, a replay will be available to registrants a short while after today's event using the webcast registration link you've been provided with. And with that, I'd like to turn the call over to Chris