OPAP Holding Société Anonyme

Ladies and gentlemen, thank you for standing by. I am Geri, your chorus call operator. Welcome and thank you for joining the OPAP-SA conference call and live webcast question and answer session to discuss the third quarter 2025 financial results. Please note a preview presentation has been distributed and is also available on the OPAP Investor Relations website. All participants will be in listen-only mode and the conference is being recorded. At this time, I would like to turn the conference over to Mr. Jan Karas, Chairman and CEO of APAP-SA. Mr. Karas, you may now proceed.

Good evening or good morning to everyone. We are glad to welcome you here and present to you a strong set of Q3 2025 results, which reinforces our confidence in achieving full-year 2025 outlook. Hope you have enjoyed the presentation distributed earlier today, and we would be glad to answer any questions related to our financial performance. With regards to the hot topic of the proposed business combination with Allwin, we would like to invite you all to participate to a combined capital markets update this Friday, November 28th at 1 p.m. Athens time, where together OPAP and Allwin management teams will provide you with additional information regarding the proposed transaction and will answer all your questions. Now let's proceed directly to the Q&A to make the discussion more engaging. Kelly, over to you.

Thank you, Mr. Gara. Ladies and gentlemen, at this time we'll begin the question and answer session. Anyone who wishes to ask a question may press star followed by one on their telephone. If you wish to remove yourself from the question queue, then you may press star and two. Please use your handset when asking your question for better quality. Anyone who has a question may press star and one at this time. One moment for the first question, please. The first question is from the line of Kourtesis Iakovos with Pireos Securities. Please go ahead.