Ormat Technologies, Inc.

Good morning and welcome to the ORMAC Technologies third quarter 2025 earnings conference call. All participants will be in a listen-only mode. After today's presentation, there will be an opportunity to ask questions. If you'd like to ask a question during that time, press star followed by the number one on your telephone keypad. If you'd like to withdraw your question, press star followed by the number one. Please note that this event is being recorded. I would now like to turn the conference over to Josh Carroll with Alpha IR. Please go ahead.

Thank you, operator. Thank you, operator. Hosting the call today is Rondo Sharma, Chief Executive Officer, Ozzie Ginsberg, Chief Financial Officer, and Svidar Lavie, Vice President of Investor Relations and ESG Planning Reporting. Before beginning, we'd like to remind you that the information provided during this call may contain forward-looking statements relating to current expectations, estimates, forecasts, and projections about future events that are forward-looking Reform Act of 1995. These four looking statements generally relate to the company's plans, objectives, and expectations for future operations and are based on management's current estimates and projections, future results, or trends. Actual future results may differ materially from those projected as a result of certain risk factors and uncertainties. For a discussion of such risk and uncertainties, please see risk factors as described in ORMAT Technologies' annual report on Form 10-K and quarterly reports on Form 10-Q that are filed with the SEC. In addition, during the call, the company will present non-GAAP financial measures such as adjusted EBITDA. Reconciliation to the most directly comparable GAAP measures and management reasons for presenting such information is set forth in the press release that is issued last night as well as in the slides posted on the website. Because these measures are not calculated in accordance with GAAP, they should not be considered in isolation from the financial statements prepared in accordance with GAAP. Before I turn the call over to the management, I'd like to remind everyone that a slide presentation accompanying this call may be accessed on the company's website at ormat.com under the presentation link that is found on the investor relations tab. With all that said, I'd now like to turn the call over to Ormat's CEO, Duran Bashar. Duran?

Thank you, Josh. Good morning, everyone, and thank you for joining us today. Let me start with quarter highlights on slide four. OMAD delivered another quarter of strong results, demonstrating continued advancement and successful execution of our strategic growth initiatives. These achievements are reflected in a 17.9% increase in revenue a 13.3% increase in operating income and a 9.3% growth in net income attributable to the company's stockholders. Our strong results were primarily driven by sustained improvements in both our energy storage and product segments, which contributed to higher revenues and enhanced profitability. These strong results enabled us to increase our revenues and adjusted EBITDA guidance for 2025. During the quarter, ORMAT achieved several significant strategic milestones, including securing a 25-year extension for our 52 megawatts Hibat PPA with SCAPA, and obtaining two geothermal exploration licenses in Indonesia, totaling 40 megawatts. These long-term PPAs in Indonesia were executed in partnership with PLN, the country's national utility provider. reinforcing our strategic presence in the region within our storage segment we successfully commissioned the lower rio energy storage facility in texas on schedule and in our product segment we expanded our backlog to 295 million dollars through the addition of new supply agreement our legacy at oma is that of an innovative technology company and as part of our strategy, we are always exploring additional ways to utilize our capabilities, knowledge, and technology for new avenues to capture growth. To that end, we have achieved significant progress in advancing our enhanced geothermal system strategy, demonstrating our commitment to innovation and sustainable growth. We entered into a partnership with SLB to develop an EGS solution And in addition, we signed a collaboration agreement with Sage to develop another EGS solution based on different technologies. I will elaborate on this later. Before I provide some additional updates on our business, I would now like to turn the call over to Asi to discuss our financial results. Asi?