Jan-Philipp Weitz
CEO & Chairman of Management Board

Good afternoon, and good morning, everybody, in case you're in North America. Thank you very much for dialing into our call. I think we'll give it another 10 seconds or so for every participant to join the room here.

Henning Doering
CFO & Member of Management Board

Welcome, a warm regard also from my side.

Jan-Philipp Weitz
CEO & Chairman of Management Board

All right. Yes. Thank you, everybody. And once again, welcome to our Deutsche Rohstoff 2025 earnings call. Thank you all for attending here today. I will skip the disclaimer. Yes, we're very happy to welcome you here and to inform you about what happened in 2025, walk through the financials for 2025 and give you an outlook for this year and the next year.

I think in summary, it's fair to say Deutsche Rohstoff is extremely well positioned for the next 12 and 24 months and also beyond that. I think we're in as good a position as we have been in since the starting of our company, we are in an extremely strong liquidity position. Operationally, on the oil and gas side, we are in full development mode. For the first time ever, we're running 3 rigs at the same time. Our non-op side of the business is also developing very well. And we have divested 1/3 -- roughly 1/3 of our position in Almonty Industries, which has been a tremendous success, one of the most successful junior mining companies on the planet, and we were able to realize an initial profit of roughly EUR 100 million, substantially strengthening our liquidity base, which currently sits at around EUR 150 million.