Global Crossing Airlines Group Inc.

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's conference call to discuss Global Crossing Airlines financial results for the fourth quarter and the year of 2025. At this time, all participants are in listen-only mode, and as a reminder, this conference is being recorded. Joining us today on the call are the company's Executive Chairman, Chris Jamrock, President and CFO, Ryan Gopal, corporate controller Wendy Shapiro, and investor relations advisor Aaron D'Souza. Please be advised this conference call will contain statements that are considered forward-looking statements under the Private Securities Reform Act of 1995. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. These forward-looking statements are also subject to other risks and uncertainties that are described from time to time, and the company's filings with the SEC do not place undue reliance on any forward-looking statements, which are being made only as of the date of this call. Except as required by law, the company undertakes no obligation to publicly update or revise any forward-looking statements. For important risks and assumptions associated with such forward-looking statements, please refer to the company's earnings press release for the fourth quarter and full year of 2025 and the company's annual report form 10-K for the year ended December 31, 2025. The company's presentation also includes certain non-GAAP financial measures, including EBITDA and EBITDA as supplemental measures and performance of the business. All non-GAAP measures have been reconciled to the most direct comparable GAAP measures in accordance with the SEC rules. You will find reconciliation tables and other important information in the earnings price release and fourth quarter of the full year 2025, which is currently available on the company's investor relations section of its website. And I now will turn the call over to company's executive chairman, Mr. Chris Jamros. Please go ahead.

Thank you, Operator, and good morning, everyone. 2025 marked a pivotal year for Global X as we generated record operating cash flow and achieved our first full year of positive operating profit in our history. These milestones reflect the transformation of our platform to a more efficient, disciplined organization driven by stronger aircraft utilization, improved execution, and an unwavering focus on operation excellence. Over the last past two years, we have methodically transformed Global X from a startup charter operator into a scaled, optimized, narrow-body charter airline with a differentiated market position. We strengthen our leadership team, enhance our maintenance and operational infrastructure, improve revenue quality through a deliberate shift towards higher-margin ACMI flying, and build the internal systems and controls necessary to support sustainable growth. What we operate today is a far more disciplined, reliable, and resilient organization than the one we just were a few years ago. We have proven that our model works. Demand for our aircraft remains strong across collegiate athletics, professional sports, war operators, government agencies, and international partners. Our reputation for reliability and performance has positioned Global X as a carrier of choice in our core markets. That validation from customers both domestically and internationally is a direct reflection of the strength of the platform we've built. Importantly, we have not pursued growth for growth's sake. Every fleet decision, every contract, and every investment infrastructure has been made with long-term profitability and cash flow generation in mind. We have built an operating platform capable of scaling efficiently, one that can support additional aircraft, high utilization, and expanding customer relationships without compromising operational integrity. I remain deeply committed to this business and to our long-term objective of becoming the largest and most reliable narrow-body charter airline in North America. We have built the foundation. We have demonstrated the earnings power of the model. And now, as we look ahead, our focus is clear. Continuing the training with discipline, scale the fleet prudently, expand high-quality revenue streams, and deliver consistent, sustainable profitability for our shareholders. With that, I will now hand it over to our president and CFO, Brian Gopal, to elaborate on Global X for quarter and full-year operational. Brian?

Thank you, Chris, and good morning, everyone. The comprehensive initiatives we executed throughout 2025 to improve efficiencies, strengthen cost controls, and maximize aircraft utilization enabled us to achieve our first year of positive operating profit. Additionally, for the full year of 2025, we increased revenue by 10% to $246.3 million, EBITDA by 4X to $20.9 million, and EBITDA by 25% to $78.3 million. Our relentless focus on cash generation drove a 248% year-over-year increase on cash flow from operations, and we ended the year with $20.5 million in cash on the balance sheet. These results not only reflect the stronger profitability, but a more durable and financially resilient operating model. We are currently experiencing robust forward bookings across both our charter and eCMI segments and are confident we can continue to grow our multi-year track record of revenue and operating profit growth. With one additional aircraft entering into service in the first quarter and executed letters of intent to lease two more aircraft already in place, we are well positioned to grow our passenger fleet in 2026. The strategic investments we made throughout the past year across leadership systems, maintenance planning, and commercial execution have established the infrastructure necessary to support this next phase of growth while maintaining margin integrity and operational reliability.