AMG Critical Materials N.V.

Good day, everyone, and welcome to today's AMG Q2 2025 earnings conference call. At this time, all participants are in a listen-only mode. Later, you will have an opportunity to ask questions during the question-and-answer session. You may register to ask a question at any time by pressing the star and 1 on your telephone keypad. Please note this call is being recorded, and I will be standing by if you should need any assistance. It is now my pleasure to turn the conference over to Thomas Swoboda. Please go ahead, sir.

Yes. Good morning, everyone, and welcome to IMG's second quarter 2025 earnings call. Joining me on this call is Dr. Heinz Schimmelbusch, the chairman of the board and chief exec officer. Mr. Jackson Dunkle, the Chief Financial Officer, and Mr. Michael Connor, the Chief Corporate Development Officer. AMG's second quarter earnings press release issued yesterday is on AMG's website. Today's call will begin with a review of the second quarter 2025 business highlights by Dr. Schimmelbusch. Mr. Connor will comment on strategy and Mr. Dunkle will comment on AMG's financial results. At the completion of Mr. Danko's remarks, Dr. Schimmelbusch will comment on outlook. We will then open the line to take your questions. Before I pass the call to Dr. Schimmelbusch, I would like to expressly refer you to our statement on forward-looking statements and the meaning thereof, as we have used at all previous occasions and we use at this earnings call, and which explanatory statements has been published as part of our financial presentation and on our website, all in connection with this earnings call. I will now pass the floor to Dr. Schimmelbusch, AMG's Chairman of the Management Board and Chief Executive Officer. Dr. Schimmelbusch.

Thank you, Thomas. I am pleased to report our highest quarterly adjusted EBP rate since June 4, 2023. a 79% increase versus Q2 last year. AMG Technologies broke this exceptional decide with an adjusted EBITDA of 53 million, almost three times the 18 million achieved by the segment in the same quarter last year. The strength of our performance continues to demonstrate the value for a diversified physical materials portfolio, with AMG Engineering's ongoing high-order backlog and the high profitability from AMG Antimony bolstering AMG's technologies' results compared to last year. We are not experiencing any negative effects to date on the status of the analysis. that we expect that this will continue. Michael.