Bioceres Crop Solutions Corp.

Apologies. Welcome all to the Biosaurus Crop Solutions Fiscal Fourth Quarter and Full Year 2025 Financial Results. My name is Drew and I'll be the operator on the call today. During the call, we will have a Q&A session after the prepared remarks. If you would like to register for a question, please press start followed by one on your telephone keypad. And if you wish to withdraw your question, then it is start followed by two. With that, it's now my pleasure to hand over to Paula Savanti from Investor Relations to begin. Please go ahead when you're ready.

Thank you. Good morning, everyone, and welcome to Bioceres Crop Solutions fiscal fourth quarter and full year 2025 earnings conference call. Our prepared remarks today will be led by our chief executive officer, Federico Trucco, and myself as head of investor relations. Both of us will be available for the Q&A session following the presentation. During this call, we will make forward-looking statements. These statements are based on current expectations and assumptions that are subject to various risks and uncertainties. I refer you to the forward-looking statement section of the earnings release and presentation, as well as the recent filings with the SEC. We assume no obligation to update or revise any forward-looking statements to reflect new or changed circumstances. Please note in today's presentation, we'll be making references to certain non-GAAP financial measures. Reconciliations of the non-GAAP measures can be found in our earnings press release. The conference call is being webcast and the webcast link is available at our investor relations website. It is now my pleasure to turn the call over to Federico.

Good morning and thanks everyone for participating in today's call. Please turn to slide number three. I wanted to start today's call by looking at this year's performance considering the trajectory of our company since 2019. 2019 is the year we launched Biocides Crop Solutions to the public equity markets. As you can see, this is the first down year in the series and one that comes with important lessons in terms of risk management and financial prudence, which I'll address towards the end of the presentation today. We are reporting a very disappointing final quarter to an extremely challenging fiscal year. challenges in fiscal 25 cannot be attributed to a single factor but we understand rather stem from a combination of circumstances including most significantly the macro shift in argentina or main markets in fiscal 24 clients anticipated a significant evaluation of the argentine peso and as a result hedged against this event by pre-purchasing some of the ag inputs required for the following year. In contrast, with no expectation of currency devaluation for fiscal 25, clients in Argentina had no incentive to maintain high inventory levels. Adverse on-farm economics also led to reduced spending on ag inputs, further exacerbating the company's exposure to the shifting cycle. These circumstances coupled with deteriorating financial conditions for the sector in general and our own shift in strategy around the HB4 seed business landed us in the position we are reporting today. I will now ask Paula to go over the specifics of the quarter and the year before we discuss lessons learned and next steps. Paula.