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Good morning, everyone. I'm Manuel Enrique, Executive Chairman of CECIR. Joining me today are Pedro Siguenza, Chief Executive Officer, and Carlos Mijangos, Chief Financial Officer of the company. Thank you all, analysts, investors, and members of the media for joining us today for CECIR's presentation of our financial results for the first half of 2026. Before I begin my presentation, I would like to express our solidarity with everyone affected by the recent severe storms in Chile and the wildfires in Spain. Our thoughts are with all of you. I would also like to express my sincere appreciation and gratitude to our social employees Jose Manuel Loureda Mantinan further strengthening a business model that is increasingly resilient, profitable, and cash generative. The key financial highlights for the first half underscored strong performance. Revenue increased 9% to 2.437 billion euros a beta Also grew 9%, reaching €708 million. Operating cash flow increased 18% on a comparable basis to €631 million. The EBITDA margin improved to 29.1%. And net profit attributable to shareholders reached... 78 million, up 157% from 31 million in the same period last year following the accounting impact of the Colombia divestment. In addition, we remain committed to our financial discipline, maintaining a recourse net debt ratio below one time. Shareholder returns remain a top priority for SACIRC. Javier López-Ulloa Morais If we also include the dividend distributed in January, total shareholder distributions amount to 0.149 euros per share, representing a 21% increase compared with the prior year. We believe this reflects the value SACIR continues to create and our commitment to sharing that value with our shareholders. Another key strength that sets SACIR apart is our unwavering commitment to sustainability. During the first half of the year, we received several prestigious international recognitions that validate the progress we have made. For the fifth consecutive year, CDP has awarded us its highest rating for our supply chain engagement on climate change. In addition, FTSE Russell awarded us its highest score for corporate governance, while the Financial Times recognized Sucir as one of Europe's leading companies in emissions reduction. These recognitions reinforce our conviction that sustainability is a key driver of long-term value creation. However, another key strength of our business model is the continued performance of our concession assets. The value of our concession portfolio has now reached more than 4.601 billion euros, representing a 16% increase compared with 2025, excluding the impact of the divestments completed during the period. While Carlos Mijangos will provide more detail on the valuation later in the presentation, I would like to emphasize that the continued appreciation of our assets confirms that our strategy is delivering tangible results and that we remain fully on track to achieve the targets we have communicated to the market. We continue to target A portfolio valuation of 5.1 billion euros by 2027 excluding divestments and an estimated valuation of between 9 billion to 10 billion by 2033. This value creation is underpinned by the strong cash generating capacity of our assets. The concession portfolio is now expected to generate total distributions of nearly 20 billion euros, up 17% year on year. This performance underscores the quality of our portfolio, the strength of the assets we have developed and brought into operation, and the high visibility we have over future cash flows. The combination of value creation and cash distributions is one of SASE's key competitive strengths. With that, let me now hand the call over to Carlos Mijangos, who will walk you through the financial performance for the first half of 2026. Thank you, Mr. Chairman. First, let me walk you through the evolution of the valuation of our concession assets. As you can see from the chart, It once again confirms SASE's ability to consistently create value through its concession platform. The 2026 valuation reached €4.601 billion, representing an increase of €644 million over the 2025 valuation and 16% growth in just one year. This year's ongoing increase was driven by a combination of factors. First, the natural progression of our operating assets, what we refer to as a rolling forward effect, continued to enhance the value of the portfolio, contributing €383 million. Second, the effects of inflation and foreign exchange movements largely offset each other, resulting in a net positive contribution of €23 million. I would also like to highlight the operational management of our assets, improvement achieved through operational optimization, Efficiency initiatives and negotiations with our clients to develop additional investments contributing $94 million in value. Finally, the addition of new projects which generated a further $144 million of value driven by projects such as the Piedra Montana Highway and the Coquimbo Designation Plant in Chile, the Nevada City of Sales and Science in Italy, and the Ontario Science Center in Canada. Thank you very much. 3.551 billion euros to 4.61 billion in 2026, demonstrating that our concession platform has not only preserved its value, but has also continued to grow, thus strengthening its position as the cornerstone of the growth strategy. From a technical standpoint, the methodology used to calculate this valuation remains unchanged. No changes have been made to the discount rates applied, nor has any additional future growth been incorporated into the valuation. Looking more closely at the key value creation drivers, the valuation of our organization assets has grown by 30% over the past two years, and the largest contributor to this growth has been the rolling forward effect, which accounted for $694 million. This reflects the way concession assets naturally create value over time as construction risks are progressively eliminated, operations become fully established, and cash distributions begin to be generated. In addition, the combined impact of inflation and foreign exchange movements has largely upset each other over the two-year period, demonstrating the resilience of our concession assets in a challenging macroeconomic environment, and this has been complemented by the operational management of our assets, improvements achieved through operational optimization, efficiency initiatives, and negotiations with our clients to develop additional investments contributing $94 million in value. Meanwhile, Newly awarded contracts generated an additional $261 million of value over the period. For example, the Itata Highway Route 68 and the Antofagasta Water Reuse Plan in Chile, the Asunción Access Highway in Paraguay and the Turing City of Health in Italy in 2026, the Papilla de Montana Highway and the Coquimbo Desalination Plan in Chile, the Nevada City of Health and Science and the Ontario Science Center in Canada. Finally, our divestments provide further validation of the internal valuation of our assets. The assets sold in 2025, as you saw, were assets in Colombia and the Barranza Highway in Spain, and the parking assets divested in 2026 were internally valued at approximately $278 million and $7 million respectively. These transactions were completed at sales price 11% above our internal valuations, demonstrating our ability to unlock and value through a selective and disciplined asset rotation strategy. Thank you very much. You can also see that there has been a meaningful improvement across every period analyzed. This trend is particularly significant because it confirms that the growth in the value of our concessions portfolio is bolstered by highly visible future cash flows. This is not simply an increase in valuation. It also reflects a stronger ability to generate cash distributions, providing a solid foundation for both future growth and shareholder returns. Over the 2026-2033 period, let's just say, The time horizon under our strategic plan, our concession assets are expected to generate 3.44 billion in distributions. And against this, the equity commitments associated with our current projects amount to 1.52 billion. And the difference between these two figures results in 1.92 billion of net cash available. Marta Gil de la Hoz, and reinforces the group's ability to continue seizing opportunities in strategic markets while maintaining a disciplined approach to recourse debt. Turning now to our key financial metrics, the first half of 2026 delivered another strong and well-balanced performance, revenue reached $2.437 billion, representing 9% year-on-year growth compared with the first half of 2025. Javier López-Ulloa Morais And this performance is also reflected in a significant improvement in the profit attributable to shareholders, which reached 78 million, an increase of 157 compared with the same period last year. Operating cash flow amounted to 631 million, accounting for 18%. Compatible growth after excluding the cash contributions from the assets divested in Colombia in 2025. This level of cash generation finances part of the group's operations and the ability of our assets to convert EBITDA into cash. Finally, our recourse net debt ratio remained below one time in line with the financial commitment we have consistently maintained. Overall, the first half combined growth, profitability, strong cash generation, and disciplined financial activity. Management Consolidating Net Debt stood at $6.788 billion at the end of June 2026 compared to $6.359 billion at the end of 2025. The $429 million increase given the thought hub primarily reflects the combination of strong operating, cash flow generation, and investment effort associated with the continued expansion of our concession portfolio. Funds from operations contributed $631 million During the period and this cash generation was offset by net investments totaling $691 million at financial expenses of $284 million and other smaller adjustments recorded during the first half. Therefore, the increase in net debt should be viewed in context of the group's continued growth so it continues to generate strong operating cash flow while investing in concession assets and projects that will further strengthen future value creation and distributions. Thank you very much. Generation and concessions distributions totaling $74 million, and this cash inflow was sufficient to offset net financial expenses, net investments, and other immovments during the period. Net investment for the quarter amounted to $38 million, including $12 million of equity invested in infrastructure concessions and $14 million of equity invested in water. In addition, the divestment of our parking assets in Spain generated $9 million, further demonstrating the disciplined asset rotation strategy I referred to earlier. Overall, recourse net debt remains firmly under control, declining by 25 million euros during the quarter. The recourse net debt ratio also remains below one time, confirming the group's financial strength and its ability to continue growing while maintaining strict financial discipline. With that, I will now hand the call over to our chairman. Thank you, Carlos. Now, Mr. Pedro Siguenza will provide you with an update on the performance of the six businesses during the first half of the year. Taking this achievement, I will now walk you through the performance of our three business areas. Among the key milestones achieved in the first half of the Get a Good Life to highlight the following. The start of construction on the I-10 highway project in the state of Louisiana with first-run transportation infrastructure concession in the U.S. representing $2.3 million investment. Next, the submission in July of our bids for two major managed lane projects, I-2040 in Nashville, Tennessee, and I-285 in Atlanta, Georgia. As you know, they are two highly complex projects from both a technical and financial standpoint. And this shows that we are ready for to compete for the largest concession projects in the U.S. market. In our water business, we successfully reached a financial close on the Antofagasta water reuse plant, securing $460 million in project financing. This is a landmark project that will represent a major step forward for our water business, both because of its scale and because of its strategic position in water reuse solutions for the mining industry. Finally, we further expanded our concessions portfolio during the first half of the year by signing several contracts, including the Antague Science Center in Toronto, in Canada, the Coquimbo Desalination Plant, and the Pied de Montana Highway in Chile. And the new Novara Hospital in Italy, therefore, the crew's total backlog reached 73.307 billion euros at the end of the first half. Thank you very much. Thank you very much. Thank you very much. Billion, which includes 30 years of operations and maintenance. In Chile, we will submit a bid for Route 57 connecting Santiago and Los Andes. We'll continue to pursue other opportunities, including the Caldera-Antofagasta Highway concessions. In Ireland, we have submitted our pre-qualification application for the AIM 500 Metrolink concession, a new metro line that will connect Dublin with its international airport. In Italy, we continue to monitor the procurement processes for the A22 motorway, the A4 Brescia Padua motorway, and the A4 Thierry Milan motorway. In Portugal, we have submitted our bid for another section of the high-speed rail line between Porto and Lisbon. This is a 30-year availability-based concession with an investment of more than $2 billion. We are competing against another Portuguese concession pending. Final evaluation, our bid has received the highest economic score. In Spain, we are actively evaluating a bid for several integrated water, and in Australia, we have submitted this for the Adelaide Desalination Plant and the Water Long Water Treatment Plant. We are competing against another bidder, as well as in the Brisbane Olympic Stadium. These major contract awards are expected to be decided later this year. This pipeline of opportunities provides us with a solid foundation for continued growth in the years ahead and reinforces the robustness of our technical, commercial, and financial capabilities to compete successfully in the world's leading markets. Now, let me refer to successive concessions which continue to deliver strong growth during the first half of the year, the revenue reaching $977 million, up 20%, compared with the first half of 2025. Operating revenue totaled 642 million, driven mainly by the increasing contribution from our Chilean assets, including Route 68, the Icata Highway, and Camino de la Fruta. This more than offset the impact of the Colombian toll roads that were diverted in 2025, and further enforces the quality and resilience of our concessions business model. Construction revenue increased 37% Up to 335 million euros driven by the start of construction on the Ontario Science Centre project in Canada, as well as a strong pace of execution across four projects in Chile, Paraguay, and Colombia. The division generated a beta of 402 million euros, up 15% from the prior year, representing a beta margin of 62.6% on operating revenue. Marta Gil de la Hoz, Include the signing of the contract of our first concession in Canada, the Ontario Science Centre, where construction began in May, as well as the bid submitted in July for the managed-length projects in the United States. In our Engineering and Infrastructure Division, revenue grew 10% to 1.584 billion euros, driven by the start of construction in our concession projects in the U.S., Canada, Paraguay, and Chile, EBITDA, claimed 4% to 270 million euros and looking exclusively at our construction activities, the construction margin remains stable at 5%. The division's backlog increased 4% compared with December last year, reaching 13.019 billion euros. But more importantly, the quality of this backlog continues to transcend. Today, 76% is linked to our own construction projects. Significantly reducing our exposure to the execution risks typically associated with third-party construction contracts or lending ourselves with a concession strategy. The key milestones during the period include our selection to deliver the youth-friendly Park Hospital in the United Kingdom, a project with an estimated investment of more than 1.5 billion English pounds, the award of the Peel Health Campus Redevelopment Project in Australia with a contract value of $7 billion, The completion of our 13-highway project in the U.S. in Vanderbilt, Florida, as well as the Ontario Science Center in Toronto and the I-10 Highway Project in Louisiana. Finally, Social Water continues to establish itself as a strategic growth platform for the group, delivering strong growth in both revenue and EBITDA. Revenue grew 33% to 185 million while operating revenue rose 7% to 150 million. EBITDA reached 35 million euros representing an EBITDA margin of 23.3% on operating revenue. Backlog stood at 8.2 billion up 18% from the previous year following the addition of a Coquimbo desalination concession in Chile. In addition to the award of this project and several new operations and maintenance contracts in Spain, we also reached another milestone, and that is a financial close on the Antofagasta water reuse plant in Chile, securing a 35-year concession for the largest water reuse plant in Latin America, which will supply reclaimed water to the mining industry. During the first half of the year we invested 23 million of equity in this division bringing total equity invested in our water concessions to 151 million. Overall, all three business areas delivered a very strong performance during the third half of the year bolstered by a robust commercial activity and outstanding technical effort in pursuing new opportunities, solid operational execution, and a highly quality project pipeline that positions us well for the next phase of growth. Now I will turn the call back to our chairman for his closing remarks. Thank you very much, Pedro. Well, after so many figures, let me recap. The key takeaways from the first half of the year. Six key takeaways. First off, the continued value creation of our conception assets whose valuation has increased by 644 million euros over the last 12 months. Next, the soundness of our portfolio. that will reach 20 billion euros. Thirdly, the significant growth of our net profit that went up by 157%. Fourth, the 33% increase in revenue generated by our water business. Fifth, the major opportunities that we continue to unlock in our strategic markets. Such as the U.S. managed lanes segment. And finally, the enhanced returns delivered to our shareholders reflected in a 122% increase in the cash dividend. Together these achievements demonstrate that we continue to execute our 2024-2027 strategic plan successfully. and strengthening the company's cash generating capacity while creating sustainable long-term value for our shareholders. With that, we would be happy to take your questions. Good morning, everybody, as usual. We are now going to open the field for questions. First, we are going to answer the questions Next, we are going to read aloud the questions received through the webcast. Now, let me give the floor to Miguel Gonzalez from JB Capital. Please go ahead with your question. Good morning and thank you very much for taking my question and congratulations for these results. I have three questions for you. First, I would like to ask About growth in terms of FFOs during this period, were there any one-offs or any collections that may cause a fall in the second half of the year? Next, as regards working capital, there was a cash outflow during the quarter. I thought that this was going to be a recovery period. Thank you very much. Thank you very much. Do you think that she could be awarded the I-285 as well? Would that be all the projects that she would be tendering for? Okay, we are going to answer in a minute. Well, I'll answer you, Nico. Okay, Miguel, let me answer the first question. There was no specific one-off reported during this quarter. Since most of our assets are payment upon availability, sometimes payments are made twice a year. In Q2 and in Q4, there are several contracts that are paid for. This is, however, a seasonal development. There is no one-off. As for working capital, it is true that there were some impairments, but this is due to the huge efforts that we made in order to submit tenders in the United States. The engineering divisions had to bear many costs in order to submit the relevant tenders. The different technical aspects had to be priced in and this had an impact. However, this is going to be offset during the year due to the business's natural seasonal capacity or characteristics. So the third question concerning managed lanes, that's a very interesting question. And let me give you some context in this regard. This company has always met concession requirements no matter whether we underwent financial situation or the financial crisis that affected our country or the global financial crisis. We're not going to therefore do that this time either. Managed lanes are already a success story for us. It's already an achievement, taking into account where we're coming from. The fact that we have been qualified for three managed lanes, three out of three, that's already a success. Then we will have to see whether we're eventually awarded one or two of these projects. Equity is not something that happens instantly. and risk hedging for such an investment has already been arranged. Therefore, we are not worried about this nor afraid of it. The next question is by Luis Prieto from Kepler Chevere. Please go ahead, Luis. Good afternoon and thank you very much for answering this one question I have for you. Going back to managed lanes. So this is, in terms of managed lanes, we see hectic activity in the United States at the end of the summer break and in autumn. What happens if you're not awarded any of these projects or any assets? How will this affect your strategic plan? Because if you're not awarded these projects, The strategic plan will therefore be changed accordingly. Therefore, what would happen if you had to wait for other projects to be awarded to offset this? We will answer shortly this. Good morning, Luis. Well, the award schedule that we have presented for these two projects is August, Tennessee, and Georgia in October. As for the rest of the concessions, they are expected to be awarded throughout the rest of the year. Specifically, There is one project that is right now on hold that we believe is going to be reactivated and we have already pre-qualified. But the question is, what if we are not awarded this concession? Nothing will happen. The fact that we have already been pre-qualified is already a success story. Then we will have to continue to attend for other projects. Nonetheless, let me point out that our The success rate is quite significant up until now. We have to see whether we can repeat that in the United States. And next, no matter what happens, we rank as the third company with the highest number of greenfield financial assets in the world and we intend to rank first by 2033 and we are going to achieve that No matter whether we are awarded the first two managed planes or not. There are no further questions over the phone. We are now going to read aloud the questions received via the webcast. Philip is asking whether we can give an update about the Messina Bridge project progress. Some of these questions have already been answered. We have already answered about the I-24 and I-285 projects. Then we are being asked about the I-65 and the I-77 in North Carolina, whether the project has been canceled or whether it is still ongoing. Philippe, we're going to answer in a minute. Good morning, Philip. As for the Messina Bridge project, the Italian government continues to show readiness to approve and to submit to the inter-ministerial committee the approval for this project so that it is cleared by the accounts courts. They intend this project to be approved by the end of 2026. As for the I-77 in North Carolina, we have already been pre-qualified, as the chairman pointed out. Charlotte, which is the most important city, voted against this project, even though a new mayor was appointed to Charlotte and a new voting process will be put in place At the end of this year, some technical changes are being made. We are optimistic that this project will eventually get through. As for the project in Atlanta, once the award is decided upon, we believe that before the end of the year, prequalification will be given a green light and the rest will have to wait until next year. Alvaro Navarro has a question. He is from Bestenburg. Good morning. As for the committed equity and distribution between 2026 and 2030, could you give some color as to the contribution made by the key concession projects? And how can you account for the 508 million distributions against 200 comparing 2028 and 2026? Alvaro, we will answer shortly. Well, if you want a breakdown by project, you can speak to our industrial relations team. Here we're talking about equity in Chile, where many projects are going to be commissioned. Then there are two other projects under construction in Colombia, the Canal Lelique and Buga. During this period, we already began obtaining some contributions. As for IT in the United States, and then we have the water projects, which are also very important and have some related equity committed. So, of course, they are going to be committed in the countries where we have the highest level of operations. And as for distributions, the same happens. They come from Italy, they come from Chile, and this shows the expectations that we have Once projects under construction are completed, especially the ones awarded to us over the past three years, that we'll start making a contribution as of 2028 because many of these significant projects will become operational by 2028. Thank you very much. The next question is by Victor Asitorez from Versting. The Concession Answers evaluation update. What about the discount rate? How has it evolved? And what about the weight of the assets of the water division and its valuation? Well, we have kept the same discount rates that we had been applying in prior updates. Maybe you recall that the average rate was 11%, and right now it's 10.64. But this is because the three Colombian assets were eliminated from the perimeter. They accounted for 14%. We have not actually adjusted this. However, 100% basis points in improvement will lead to a valuation of 400 million of assets. So as you can see, our discount rates have always been very prudent, and whenever we sell, We are slightly above, therefore we feel pretty comfortable with the discount rates that we are currently applying. For the water division, we are talking at 16%. Thank you very much and have a very nice day.