Lifeway Foods, Inc.

Good morning. Welcome to LifeWay Foods' fourth quarter and full year 2025 conference call. On the call with me today is Julie Smolanski, President and Chief Executive Officer.

By now, everyone should have access to the press release that went out this morning. If you have not received the release, it is available on the investor relations portion of Lifeway's website at www.lifewayfoods.com.

A recording of this call will be available on the company's website. Before we begin, We would like to remind everyone that the prepared remarks contain forward-looking statements. The words believe, expect, anticipate, plan, will, and other similar expressions generally identify forward-looking statements. These statements do not guarantee future performance and therefore undue reliance should not be placed on them. Actual results could differ materially from those projected in any forward-looking statements. Lifeway assumes no obligation to update any forward-looking projections that may be made during today's call, except as required by law. All of the forward-looking statements contained herein speak only as of the date of this call. Since our last quarterly earnings call, I'm pleased to share that LifeWay President and Chief Executive Officer Julie Smolenski was named one of Progressive Grocers' Top Women in Grocery and honored with the Humanitarian of the Year Award from the Illinois Holocaust Museum. These recognitions highlight the leadership and values that guide LifeWay's continued growth and broader impact. With that, I'd like to turn the call over to Lifeway's President and Chief Executive Officer, Julie Smolenski.