Operator

Good day, and thank you for standing by. Welcome to the Worldline Q1 2026 Revenue Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Pierre-Antoine Vacheron, Worldline Group CEO. Please go ahead.

Pierre-Antoine Vacheron
Chief Executive Officer

Thanks a lot, and good evening to all of you. Thanks a lot for joining us for this Q1 release at Worldline. And I am obviously with Srikanth Seshadri, our CFO.

So let me start with a few snapshots on Q1. So overall, as you will see, Q1 reflects a business that is now stabilized, refocused and shifting from repair to execution. After the capital increase and the exit of Australia that we announced this evening, we have renewed foundations from a scope and financial perspective.

The quarterly revenue, which is in line with expectations and which gives us some confidence on the full year trajectory. Finally, a company that is fully focused on operational performance and cash flow trajectory.

So first, on the scope and financial foundations. So with New Zealand and Australia announced this evening, we have now completed our geographic refocus and portfolio pruning. Those 2 businesses were far away from our core geographies. They needed further investments and were sources of distraction. And I'm extremely