Perrigo Company plc

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Good morning, ladies and gentlemen, and welcome to Perico Q4 2025 Financial Results Conference Call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press Store 0 for the operator. This call is being recorded on Thursday, February 26, 2026. I would now like to turn the conference over to Bradley Joseph. Please go ahead.

Good morning and good afternoon, everyone. Welcome to Parago's fourth quarter and full year 2025 earnings conference call. A copy of the release we issued this morning and the accompanying presentation for today's discussion are available within the investor section of the Parago.com website. Joining today's call are Parago's President and CEO, Patrick Lockwood-Taylor, and CFO, Eduardo Bezerra. I'd like to remind everyone that during this presentation, participants will make certain forward-looking statements. Please refer to the slides for information regarding these statements, which are subject to important risks and uncertainties. We will reference adjusted financial measures that are non-GAAP in nature. See the appendix for the earnings presentation for additional details and reconciliations of all non-GAAP to GAAP financial measures presented. Finally, Patrick's discussion will address only non-GAAP financial measures. Now to the agenda. We have several topics to cover today. Patrick will first walk through a market overview and summarize fourth quarter and full year 2025 results. He will then cover our continued progress on the 3S plan and our transition to new reporting segments, which will begin in the first quarter of 2026. Finally, he'll walk through our 2026 outlook, after which Eduardo will cover 2025 segment highlights, balance sheet and capital allocation, our operational enhancement program, and close out with further details of our 26th Outlook. And with that, I'll turn it over to Patrick.