Banca Mediolanum Unsp/Adr

Thank you for standing by. Welcome to Banca Mediolanum full year 2025 results conference call.

At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To enter the queue for questions, please press star 1 1 at any time. You will then hear an automatic message advising that your hand is raised. To withdraw your question, please press star 1 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to Alessandra Lanzone, Head of Investor Relations. Please go ahead, Madam.

Good morning. Good afternoon, actually, everyone, and thank you for joining us. We can certainly look back on 2025 as a year of strong momentum on our business and results that keep us very well positioned as we head into 26. Today we'll walk you through our full-year performance, what has driven it, and the priorities we're taking into the year ahead. A quick note on Q&A, as usual, feel free to ask your questions in the language of the line you're calling from. We will answer in Italian with a real-time translation into English. With that, I'm pleased to hand this over to our CEO, Massimo Dorris, joined by our CFO, Angelo Liez. Massimo, over to you.