Vantage Drilling Intentl

Good day and thank you for standing by. Welcome to the Vantage Drilling fourth quarter and year-end 2025 conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need to hit star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to Raphael Blattner, Chief Financial Officer. Please go ahead.

Thank you. Good morning, everyone, and welcome to the Vantage Drilling International Limited Fourth Quarter 2025 Earnings Conference Call. On the call with me today is Ehab Thoma, our CEO. This morning, we released our earnings announcement for the quarter ended December 31, 2025. The earnings release is available on our website, advantagedrilling.com. Please note that any comments we make today about our expectations of future events and projections are forward-looking statements pursuant to the Private Securities Litigation Reform Act. We have based forward-looking statements on management's current expectations and assumptions, and not on historical facts. Examples of these statements include, but are not limited to, our expectations regarding future results, including expectations regarding our liquidity position, future costs and expenses related to upgrades and out of service work, as well as contract preparation costs and expenses. Forward looking statements in today's call are subject to a number of risks and uncertainties, many of which are beyond our control and could cause actual results to differ materially from the projections made today. Vantage does not undertake to update any such statement or risk factor that could cause actual results to differ materially from our expectations. We refer you to our earnings release and financials available on our website. We have prerecorded our prepared remarks and are participating on the call remotely to manage the question and answer session segment of the call. In the event there are issues with sound quality or of a similar nature, please accept our apologies in advance and thank you for your understanding. Now let me turn the call over to our CEO, Mr. Ehab Thoma.

Thank you, Rafael, and welcome, everyone.