51Talk Online Education Group

Hello, ladies and gentlemen. Thank you for standing by for 51 Talk Online Education Group's fourth quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. Today's conference call is being recorded. I will now turn the call over to your host, Mr. David Chung, Investor Relations for the company. Please go ahead, David.

Hello, everyone, and welcome to the fourth quarter 2025 earnings conference call of 5.1 Talk. The company's results were issued by Newswire Services earlier today and are posted online. You can download the earnings press release and sign up for the company's distribution list by visiting ir.51talk.com. Mr. Jack Wong, our CEO and Ms. Cindy Tang, our CFO, will begin with some prepared remarks. Following the prepared remarks, there will be a Q&A session. Before we continue, please note that the discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's results may be materially different from the views expressed today. Further information regarding this and other risks and uncertainties is included in the company's Form 20F and other public filings as filed with the U.S. Securities and Exchange Commission. The company does not assume any obligation to update any forward-looking statements except as required under the applicable law. Please also note that earnings press release and this conference call include discussion of unaudited GAAP financial information as well as unaudited non-GAAP financial measures. 5.1 talks press release contains a reconciliation of the inaudited non-GAAP measures to the inaudited most directly comparable GAAP measures. I'll now turn the call over to our CEO, Jack Wang. Jack, please go ahead.

Okay, thank you, David. Hello, everyone. Thank you very much for joining our conference call today. 2025 has been a transition transformational year for Five One Talk as we began to reap the rewards of our strategic investments made over the past several years. Full-year growth billions reached US dollar 127.6 million, representing a year-over-year growth of 83.4%, while net revenues grew 88.6% year-over-year, to 95.6 million U.S. dollar. These results may mark a significant milestone as growth skillings surpassed and net revenues approached the U.S. dollar 100 million threshold for the first time since we embarked on our global expansion strategy, providing compelling validation that our provenance model can scale effectively on a global basis. Net operating cash cash inflow also surpassed the US dollar 10 million mark, reaching US dollar 11.8 million US dollar in 2025. Further evidence that we are building a sustainable and a scalable business model. Looking ahead to 2026, We are committed to expand our growth trajectory based on the foundation we built over the past years. We are focused on consolidating the transformational gains of the past year and further enhancing our user experience. With that, I will now turn the call over to Cindy, our CFO.