Cementos Pacasmayo S.A.A.

Good day, ladies and gentlemen. Welcome to Pacas Mayo's fourth quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode, and please note that this call is being recorded. At the conclusion of our prepared remarks, we will conduct a question and answer session. I would now like to introduce you to your host for today's call, Mrs. Claudia Bustamante, Investor Relations Managing Director. Mrs. Bustamante, you may begin.

Thank you, Luis. Good morning, everyone. Joining me on the call today is Mr. Humberto Nadal, our Chief Executive Officer, and Ms. Eli Hayashi, our Chief Financial Officer. Mr. Nadal will begin our call with an overview of the quarter, focusing primarily on our strategic outlook for the short and medium term. Ms. Hayashi will then follow with additional commentary on our financial results. We'll then turn the call over to your questions. Please note that this call will include certain forward-looking statements. These statements relate to expectations, beliefs, projections, trends, and other matters that are not historical facts and are therefore subject to risks and uncertainties that might affect future events or results. Descriptions of these risks are set forth in the company's regulatory filing. With that, I'd now like to turn the call over to Mr. Humberto Naranjo.

Thank you, Claudia. Welcome, everyone, to today's conference, and thank you for joining us today. As I'm sure most, if not all of you, already know by now, on December 16, a significant milestone was achieved with the announcement of an agreement for hosting to acquire Inversiones ASPE, which holds 50.01 percent controlling stake in Cementos-Pacas Mile. The agreed-upon valuation of 5.1 billion soles represents a strong multiple of nine times record EBITDA calculated based on the last of months ending in July 2025. This transaction is pending regulatory approvals and is expected to close in the upcoming months. However, much more relevant than this final evaluation is the fact that both teams' decision serves as a powerful endorsement of Pacasmayo's long-term strategy, its operational excellence, and the consistent hard work delivered by generations of employees over nearly seven decades. This milestone underscores the strength of our team, our commitment to our values, and our dedication to building a profitable, ethical, world-class company with a clear sense of purpose. We are immensely proud of the global leadership which we have admired for so long and placed its trust in Pakistan and in Peru. Moving forward, we will collaborate to promote sustainable development, create new opportunities, and contribute to the growth of both the country and the wider region. That being said, I would like now to move on to a quick overview of our results for the quarter and for full year 2025. We continue to see very strong momentum in sales volumes with an 8.2% increase this quarter compared to the same period of last year and a very solid 7.2% increase for full year 2025 relative to 2024. This growth was driven mainly by stronger demand for infrastructure projects and a very consistent performance in the always reliable self-construction segments. Our excellent financial performance this quarter was given by disciplined execution and a relentless focus on cost efficiencies. Excluding the one-off expenses related to the Share Purchase Agreement signed with Holcim, EBITDA REIT reached 158.7 million and 11.4% increase compared to the same period last year. This growth confirms the success of our efforts to permanently enhance profitability across our market. This strong quarter cut off a record-breaking year once again, as we have done in 2024. We achieved a no-time high EBITDA of $594.2 million solid for a full year, marking a 6.4-year-over-year increase when excluding one-off expenses. Children with our commitment to operational excellence and climate action were continuously making progress in de-urbanizing operations. We are proud to announce that we have achieved three-star recognition from Peru's Minister of Environment, Minan, to the Peru Carbon Footprint Task Force. This recognition is awarded for demonstrating consecutive years of reduced greenhouse gas emissions, and it followed a collaborative effort with Minan, including the submission of verified data for the 2022-2024 period. Specifically, our Rioja plant recently earned its third star for 2024 emission reductions, building upon the recognition previously secured by both our Pacas Mayu and Priva plants for the 2023 performance. In the same spirit, we are very pleased to highlight our continued leadership in the medical ESG responsibility ranking. For the 10th consecutive year, we are recognized as the industry leader in this evaluation, which assesses the three dimensions of sustainability, environment, society of customers, and ethics and corporate governance. Furthermore, we maintain a top-tier position in the general ranking of the most responsible companies in Peru, placing ninth overall this year, which is a tremendous achievement for a regional company like ours. This recognition strongly reinforces our commitment to a sustainability strategy, which remains central to our core business operations. We are confident that these positive results are only the beginning, that the momentum we've built will continue to strengthen the future. At the same time, the confidence placed in us by such a prestigious global cement player reinforces our focus on operational excellence, profitability, disciplined execution, and always people at the center of every strategy. We're confident that the momentum we have built is There, I will remain motivated to keep improving our performance while continue to serve our clients, support our communities, and most of all, always contribute to the development of our country. I will now turn the call over to Ellie, our CFO, to go into a more detailed financial analysis. Ellie?