Linde plc

and good morning, everyone. The economic environment in 2025 was a study in contrast.

On one hand, exuberant investment in AI and digital infrastructure drove unprecedented chemicals and energy faced continued retrenchment.

This divergence was exemplified in both concentration of returns from the S&P 500 and in persistently weak manufacturing indicators. This created a challenging backdrop for many of our customers operating in these sectors. Despite these headwinds, Lindy employees once again rose to the challenge, delivering industry-leading results in areas that matter most to our owners. I've highlighted a few of these accomplishments on slide three. Running a global enterprise requires balancing the needs of many stakeholders. while delivering against both near and long-term expectations. The four areas you see on this slide, people and communities, environmental stewardship, financial performance, and future growth, represent that balanced approach and remain the foundation for Lindy's long-term value creation for our owners. Let me start with people and communities. Our employees are the backbone of Lindy's success. In 2025, we once again delivered best-in-class safety performance because nothing is more important than ensuring our employees and contractors return home safely every day. We also continue to build an inclusive culture across the footprint of more than 80 countries. Female representation reached nearly 30%, and we progressed multiple employee initiatives that earned third-party accolades as well. As a local business, we also strive to be a good neighbor. This year, our teams completed almost 900 projects across the world supporting health, education, and community well-being, many driven by committed Lindy volunteers who pitch in to lead and support these projects. In addition to supporting local communities, Lindy is also a good citizen to the planet through actions to improve our environmental footprint, In 2025, we made substantial progress on this front. By increasing active low-carbon power sourcing by 23%, we enabled 50% of Lindy's annual power consumption to be low-carbon. This in turn supported almost 2 million metric ton reduction of absolute CO2 emissions, moving us forward on the ambitious 35% reduction target by 2035. And we've kept a close eye on the future as well, as two-thirds of our backlog supports contracted clean energy projects. In addition to which, we also signed more than 90 new gas application wins, many to help customers further decarbonize their operations. These are just a few of the highlights, and many more can be found in our annual sustainability report, which will be released in the second quarter. Of course, we must deliver on financial performance since management's primary role is a steward of shareholder capital. Despite weak industrial environments, Lindy achieved annual record levels for EPS, operating cash flow, and operating margins. The 24.2% return on capital not only leads the industry, but also validates the long-term disciplined capital allocation policies which enable the return of more than $7 billion to shareholders. In good times and bad, you can count on Lindy to remain laser-focused to deliver shareholder value. Finally, we must position Lindy for future growth to remain the long-term compounder. From my perspective, this is the strongest strategic position Lindy has held during my tenure. Our project backlog stands at a record $10 billion, and this number does not include over half a billion dollars of investment for rocket propellants to contracted space launch customers. In fact, we fully expect continued investment in the sector as we expand our network to support this rapidly growing opportunity. Linda remains the anchor industrial gas supplier for some of the largest and most successful clean energy, and advanced electronics fabs in the world. In fact, I'm highly confident that we will announce new signature fab wins in the coming months. We also continue to see a robust M&A pipeline for a creative tuck in acquisitions that further enhance our supply density. In summary, Lindy delivered a resilient performance in a challenging 2025 environment. But looking ahead, I know we can do better. Certain regions of the world are still not showing signs of near-term recovery, and we are taking actions to align our resources accordingly. In other words, growth remains geographically uneven, and we need to adjust our organization to reflect that. Considering this, in the fourth quarter, we initiated additional restructuring actions to better position the company for 2026. These actions will have cash payback levels and timing like prior programs. So I expect the bulk of the benefits to be in the second half of the year. When combining these incremental actions with our existing productivity initiatives and a record backlog of secure growth, I'm confident we will deliver a stronger EPS growth that our owners expect and have enjoyed for many years. I'll now turn the call over to Matt to walk through our financial results. Thanks, Sanjay.