Scorpio Tankers Inc.

Hello and welcome to the Scorpio Tankers Inc. 3rd Quarter 2025 Conference Call. I would now like to turn the call over to James Doyle, Head of Corporate Development and IR. Please go ahead, sir.

Thank you for joining us today. Welcome to the Scorpio Tankers 3rd Quarter 2025 Earnings Conference Call. On the call with me today are Emanuele Loro, Chief Executive Officer, Robert Bugbee, President, Cameron Mackey, Chief Operating Officer, Chris Avella, Chief Financial Officer, Lars Denker Nielsen, Chief Commercial Officer. Earlier today, we issued our third quarter earnings press release, which is available on our website, ScorpioTankers.com. The information discussed on this call is based on information as of today, October 30th, 2025, and may contain forward-looking statements that involve risk and uncertainty. Actual results may differ materially from those set forth in such statements. For discussion of these risks and uncertainties, you should review the forward-looking statement disclosure in the earnings press release, as well as Scorpio Tankers SEC filings, which are available at scorpiotankers.com and sec.gov. Call participants are advised that the audio of this conference call is being broadcasted live on the Internet and is also being recorded for playback purposes. An archive of the webcast will be made available on the investor relations page of our website for approximately 14 days. We will be giving a short presentation today. The presentation is available at ScorpioTankers.com on the investor relations page under reports and presentations. The slides will also be available on the webcast. After the presentation, we will go to Q&A. For those asking questions, please limit the number of questions to two. If you have an additional question, please rejoin the queue. Now, I'd like to introduce our Chief Executive Officer, Emanuele Loro.

Thank you, James, and good morning, everyone, and thanks for joining us today. We are pleased to report another quarter of strong financial results. in the third quarter the company generated 87.7 million dollars in adjusted EBITDA and 72.7 in adjusted net income the product anchor market continues to benefit from enduring structural trends like strong demand for refined products evolving trade patterns and long-term shifts in global refining that are lengthening voyages and increasing ton miles those dynamics have been reflected in trade rates, which have strengthened over the past quarters. The company is financially, operationally, and commercially strong. Our focus is clear, building a shipping company that is investable through the cycle. Today, our liquidity stands at approximately $1.4 billion, including cash, underground revolving credit, and our investment in DHT. Over the past four years, we've reduced our daily break-even from roughly $17,500 per day to $12,500 per day. And with our recent decision to repay amortizing debts, we expect that figure to fall further to around $11,000 per day. Today, we will also announce the 5% increase in the quarterly dividend, and going forward, we'll continue to review the dividend at least annually. Our goal, as mentioned, is to make the dividend sustainable, durable, and steadily growing over time, rewarding shareholders while building a company that remains investable through the cycle. Shipping will always be volatile, that is nature, but through our efforts of strengthening the balance sheets, lower our break-even, and increase charter coverage, we've meaningfully reduced that volatility. Looking ahead, we remain optimistic as our outlook for both crude and refined products remains constructive. With a modern fit, robust liquidity, and a conservative balance sheet, Scorpio Tankers is well positioned to navigate uncertainty and continue creating long-term value for shareholders. With that, I'll turn the call to James for a brief presentation. James.