Stellantis N.V.

Hello and welcome to the Stellantis Full Year Results 2025 call. You will have the opportunity to ask questions at the end of the call by typing poundkey5 on your telephone keypad. Please do not exceed one question per person and, if necessary, an additional one. I now give the floor to Mr. Ed Dittmeier, Head of Investor Relations, to begin today's conference. Sir, the floor is yours.

Thank you, Thiba. Hello, everyone, and thank you for joining us today as we review Stellantis' full year 2025 results. Earlier today, the presentation material for this call, along with the related press release, were posted under the Investors section of the Stellantis Group website. Today, our call is hosted by Antonio Filosa, Chief Executive Officer, and Joao Laranjo, Chief Financial Officer. After their prepared remarks, Antonio and Joao will be available to answer questions from the analysts. Before we begin, I want to point out that any forward-looking statements we might make during today's call are subject to the risks and uncertainties mentioned in the Safe Harbor Statement included on page two of today's presentation. As customary, the call will be governed by that language. Now, I'll hand over the call to Antonio Pelosa, Chief Executive Officer, Stellanus.

Thank you, Ed. Thank you very much. And thank you all for joining us today. What we will discuss today will be familiar to you from our preliminary results announcement of February 6th. In summary, first, our return to top-line growth in H225. Second, the decisive reset we announced on February 6th, which by putting the customer back at the center of everything we do, will enable our return to profitable growth. And third, after this reset, 26 is our year of execution. What we are committed to deliver is progressive performance improvements on all of our business KPIs. As you can see, we have a very full agenda, so let's get started. First, just a quick summary of what we will talk about. 25 was a year of reset. with results that reflect the considerable cost of needed changes. But H225 also showed encouraging first signs of the benefits of that reset. We returned to top-line growth in H225, and that momentum was carried over into early 26. For example, in January 26, our U.S. market share was up year over year, And European shares saw a sequential increase compared to H225. Our decisive reset around our customer preferences will drive profitable growth. And let me give you just two examples of what this means in practice. Number one, after the return to the IZ muscle car segment, this week we have started production on three new Dodge Charger six-pack variants. Those will represent 90% of the expected volumes. Number two, our global offensive to improve quality started very strong. With one month in service, over 50% improved in North America, over 30% improved in Europe, and 20% improved in South America since 2025. Let me ask now Joao to walk you through the numbers.