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Aimia Inc.
8/14/2025
Good morning, ladies and gentlemen. Welcome to a NIA Inc. Second Quarter 2025 Results Conference Call. At this time, all answers are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press the star zero for the operator. This call is being recorded on Thursday, August 14, 2025. I would now like to turn the conference over to Joe Reconnelly. Please go ahead.
Thank you, operator, and good morning, everyone. Joining me on today's call are AMIA's Executive Chairman, Reece Somerton, and our President and CFO, Stephen Leonard. Before we begin, I'd like to make note of the following. We issued our financial results for the second quarter earlier this morning. All of our materials, including our news release, MD&A, and financial statements are available from our website, as well as CEDAR+. We will be using a presentation today. And for those listening to the call by phone, A copy is available from the IR section of our website. Some of the statements made on today's call may constitute forward-looking information, and our future results may differ materially from what we discuss. Please refer to the risks and uncertainties that may affect our future performance referenced in our presentation and discussion today in our MD&A as well as in the annual information form filed on CDAR+. In addition, we will be making note of GAAP and non-GAAP financial measures. Reconciliation of these numbers is provided in the appendix of our presentation, and as well was also included in our press release. Following today's presentation, please reach out if you do have any outstanding questions or require clarification on any of the matters discussed today. Rhys, please go ahead.
Thanks, Joe. Well, good morning, good afternoon, good evening. to our shareholders taking interest in AMIA. Thank you for joining us today. The second quarter results, I think we would describe as solid. There was progress across the board, and particularly in areas that are under our control. So if you have gone through the numbers, you'll see that our key financial metrics experienced growth, which was good. And then when it comes to our three-step strategy, I think what we were really happy with was the reduction in the Holco cost guidance down to $9 million for the year. We achieved a number of important milestones regarding the share buyback program, which was renewed. And there was also the settlement with the CRA, which will lead to a total refund of $33 million. So that all was good progress. I think we will talk a little bit more about the strategy and some of our priorities in the near term and the medium term. But I think what I'd like now to do is to hand over to Steve, who will take you through the key financial results and the operating highlights for the second quarter.
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