Operator

Thank you for holding, and welcome to ENGIE's First Quarter 2026 Financial Information Presentation. For your information, this call is being recorded. [Operator Instructions]

I will now hand you over to Mr. Delphine Deshayes, Head of Investor Relations. Please go ahead, ma'am.

Delphine Deshayes
Group Director of Investor Relations

Thank you, and good morning, everyone. It's my pleasure to welcome you to ENGIE's Q1 conference call. Shortly, Catherine and Pierre-Francois will present our first quarter performance, following which we will open the lines to Q&A. And with my polite request of limiting your questions to 1 or 2 only, please. And with that, over to Catherine.

Catherine MacGregor
CEO & Director

Thank you, Delphine, and good morning, everyone. ENGIE has started 2026 as it ended 2025, in fast forward mode. Especially as we have just closed an hour ago the acquisition of UK Power Networks, which is allowing us to transform our scale in the critical and growing power grid sector.

We have also entered into negotiations towards a full transfer of our nuclear assets and liabilities to the Belgian government. If this process is successful, the Belgian government will be taking responsibility for its country's long-term nuclear future, and ENGIE