Asm International Nv

Good afternoon. This is the Chorus Call Conference Operator. Welcome and thank you for joining the ASM International 4th Quarter 2025 Earnings Call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Victor Barreño, Head of Investor Relations. Please go ahead, sir.

Thank you, Operator. Good afternoon, and thank you for joining our Q4 earnings call. With me today are our CEO, Vishen Nassar, and our CFO, Paul Verhagen. ASM issued its fourth quarter 2025 results yesterday at 6 p.m. Central European time. For those of you who have not yet seen the press release, it is available on our website, together with our latest investor presentation. As always, we remind you that today's conference call may contain forward-looking statements in addition to historical information. For more details on the risk factors related to such forward-looking statements, please refer to our press releases and financial reports, all of which are available on our website. Please also note that during this call, we will refer to profitability metrics primarily on an adjusted basis. Reconciliations to the reported numbers can be found in the press release and in the investment presentation. And with that, I'll now turn the call over to our CEO, Vishen Masan.

Thank you, Victor, and thanks to everyone for attending our earnings call. I'll start with a few of the highlights. Even with the revenue at the lower level, results in Q4 remained solid, and the quarter marked a reacceleration in demand. For the full year, our sales increased 12% at constant currency, our ninth consecutive year of double-digit growth. and operating profit increased by 17%. Strategically, we strengthened our position with key customers with the current generation of gates all around going into high-volume manufacturing and with some traction in R&D engagement for the next nodes. To power ASM's next phase of growth, we continue to invest in our people, our global footprint, and in innovation. I want to thank all our people for their relentless dedication and collaboration, which contributed to another successful year for ASN. As for the agenda today, it's the standard format. Paul will start with a review of our financial results. I will then discuss market trends and provide our outlook, followed by the Q&A session. With that, I'll hand it over to Paul.