Haleon plc

Good morning. Thank you for attending today's Hellion Half Year 2026 results. My name is Sarah and I'll be your moderator today. All lines will be muted during the presentation portion of the call with opportunity for questions and answers at the end. If you'd like to ask a question, press star one on your telephone keypad. I'd like to pass the conference over to our host, Jo Russell, Head of Investor Relations. Please go ahead.

Thank you very much. Good morning, everyone. Welcome to Halion's conference call for our half year results. I'm Jo Russell, Head of Investor Relations, and I'm joined this morning by Brian McNamara, our Chief Executive Officer, and Dawn Allen, our Chief Financial Officer. Just to remind listeners on the call that in the discussions today, the company may make certain forward-looking statements, including those that refer to our estimates, plans and expectations. Please refer to this morning's announcement and the company's UK and SEC filings for more details, including factors that could lead to actual results to differ materially from those expressed in or implied by such forward-looking statements. we have posted today's presentation on the website this morning along with the video running through the results in detail so hopefully you've all had the chance to see that ahead of this call and with that i'll hand back to the operator and we can open for q a thank you again if you would like to ask a question please press star followed by one on your telephone keypad to remove your question press star followed by two again to ask a question press star one

As a reminder, if you are using a speaker phone, just remember to pick up your handset before asking a question. We'll pause here briefly as questions are registered. Our first question is from Cedric Bunar with Citi. You may ask your question.