Grupo Herdez, S.A.B. de C.V.

Good morning, everyone, and welcome to Grupo Herdez's fourth quarter 2025 earnings conference call. This call is being recorded. Information discussed may include forward-looking statements subject to risks and uncertainties. Please refer to the forward-looking statements disclaimer in the company's press release. I'll now turn the call over to Andrea Amazurita, Chief Financial and Sustainability Officer. Please go ahead.

Good morning, everyone. Since we're in the middle of the strategic corporate restructuring and the transition in our executive leadership roles, we have invited Gerardo to this call, so we will lead this call jointly today. Please be confident that the transition is being smooth and that our financial discipline will keep up to speed. I'll now hand the floor over to Gerardo.

Thank you, Andrea. Despite the slower consumption environment, we had an outstanding fourth quarter as inventories across our customers regained optimal levels on a sequential basis coupled with favorable comps. This helped us achieve a record year as net sales topped 37 billion pesos, a 5% increase on a pro forma basis. in a consolidated net income of 4.1 billion pesos, representing a robust 16.9 growth. From a shareholder standpoint, the value creation in the last six years has been threefold. Finally, Project NEO, our new ERP, remains on track for its April go-live. We will experience a typical behavior during the first half of 2026 due to this transition. To ensure zero supply interruptions, we have designed a strategy involving an advancement of inventories during the first quarter, generating a temporary sales spike, followed by moderation in the second quarter. we expect operating flow to fully normalize starting in the third quarter. Due to the nature course of this project, it will be in 2027 that we will start seeing the desacceleration of ERP-related SG&A and the efficiencies of this better technology. I will now hand the call over to Andrea to discuss 2025. financial execution and 2026 outlook.