Tomtom Nv Unsp/Adr

Ladies and gentlemen, welcome to TomTom's second quarter 2026 results conference call. At this time, all participants are in a listen-only mode. We will be facilitating a question and answer session towards the end of today's prepared remarks, at which time, if you would like to ask a question, you may do so by pressing star 1 1 on your telephone keypad. Thank you. Thank you.

Thank you, operator. Good afternoon, everyone, and welcome to our conference call. On today's call, we will discuss the operational highlights and financial results for the second quarter and first half of 2026, together with Mike Schoos and Paco Titular. Mike will begin with an update on our strategic and operational developments, and Paco will then provide further insight into our financials. After their prepared remarks, we will open the line for your questions. And as always, please note that safe harbor applies. With that, Mike, let me hand it over to you.

Thank you, Claudia, and good afternoon, everyone, and thank you for joining our poll. I'll give an update on our strategic and operational progress for the quarter before handing over later to Kako for the financials. So during the quarter, we continue to make progress across both automotive and enterprise, strengthening our positioning and our position as a provider of high-quality, scalable location technology. So in automotive, we see investments into automated driving where we act as a critical safety component in a growing industry. We're engaging globally with key players in the ecosystem and with the OEMs, so both. And our location data and our dynamic services like traffic speeds and hazards play a key role to get to zero accidents together and less disengagements of the automated driving systems. A quality of freshness at scale for our data are clear differentiators in those conversations. In enterprise, we continue to broaden our customer base and expand the range of use cases we support. So growth across more customers with new logos is helping us to further diversify our revenue base and reducing customer concentration, which is quite important and a good trend. So we see the need for high-quality, continuously updated location data that can be seamlessly consumed by AI systems. And to support this as an example, we introduced the TomTom Agents Toolkit through a Maps SDK, enabling developers to build AI-powered applications that interact more intelligently with maps and location data. Then also a sharp focus from us on growth industries like government and defense, the public sector, and geospatial analytics, of which InsureTech is a big market. enables us to increase our opportunity pipeline in terms of new logos, but also the size of individual deals. So overall, the progress we are making reflects disciplined execution, continued product innovation, and strengthening commercial traction across our four markets. Looking ahead, we remain focused on execution in 26, while positioning the company for future growth. and we see our customer programs expanding into 2027, especially in automotive, notably through China overseas wins and a further rollout and expansion within the VW group. We see clear opportunities in location intelligence, which is predominantly enterprise. Our data and dynamic services are the key components to increase adoption into workflows of our target industries. And making our data AI consumable also unlocks new use cases and expands our addressable markets. We are confident that the steps we are taking today will support a return to revenue growth from 27 onwards and continued improvements in profitability over time. And with that, I'll hand over to Taco who will take you through the financial results in more detail.