Elizabeth Wilkinson
Vice President of Investor Relations

Good morning, everyone. Thank you for joining us today. I am Ann Wilkinson, Vice President of Investor Relations. And I'm joined today by Daniel Henao, President and CEO of Mineros; and Natalia Correa, Chief Financial Officer.

Before we begin, I would like to remind everyone that today's presentation includes forward-looking statements based on estimates and assumptions. These statements involve inherent risks and uncertainties as detailed in our cautionary note, and we encourage all participants to review our management's discussion and analysis and our Q1 2026 financial statements, which are available on our website and on SEDAR+.

Following our formal remarks, we will open the floor for questions. You may submit questions at any time through the webcast portal. Please be advised that this call is being recorded, and a replay will be available on our website within 24 hours.

I would now like to turn the call over to our CEO, Daniel Henao.

Daniel Villamil
CEO & President

Thank you, Ann. Good morning, everyone, and thank you for joining us today to review our first quarter 2026 results. Q1 was, in short, an outstanding quarter for Mineros. The numbers speak for themselves on multiple fronts simultaneously. From a financial standpoint, this was a record quarter across the board.

We delivered revenues of $292 million, up 82% year-over-year and a record net profit of $88 million, which is a 131% improvement over Q1 2025. These are not incremental gains. These are step change results. Our adjusted EBITDA reached $154 million, up 116% with an EBITDA margin of 53%. That means that for every dollar of revenue we generated, more than half was pure operational