Operator

Good morning, and welcome to the Capital Limited Q1 2026 Update. [Operator Instructions] Before we begin, I would like to submit the following poll.

I would now like to hand you over to Chairman, Jamie Boyton. Good morning to you.

Jamie Boyton
Executive Chairman

Good morning, and thank you for the introduction, and thank you, everyone, for dialing in today. I've got Ryan Tennis with me on the call, and he will be managing in the Q&A session a little later. He's the Head of IR based in London. I'm dialing in today from Hong Kong.

Obviously, the purpose of the call is to run through the first quarter trading update, which we released a little over a week ago on the 21st of April. And was a record quarter for the group, and we'll spend about 10 to 15 minutes going through the slide deck, and then we'll move into a Q&A session.

So I'll kick off. Just taking you directly to Slide 3. Again, for those of you that are new to Capital on today's call, we have three operating businesses, specifically Capital Drilling, Capital Mining and MSALABS. The drilling business is the longest established, the original business of Capital from 2005, we operate a fleet of about 137 rigs across Africa, the Middle East and North America with a full range of drilling services from exploration through to production.

Capital Mining, a more recent initiative. We started in the mining business in 2019. We moved that into a scale operation in 2020. That offers load and haul services predominantly, and we're currently operating two contracts, one in Egypt and one in