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Colabor Group Inc.
10/17/2025
Good morning, ladies and gentlemen, and welcome to the Colabar's third quarter 2025 results, résultat du troisième trimestre 2025 de Colabar conference call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Friday, October 17, 2025. I would now like to turn the conference over to Danielle Saint-Marie. Please go ahead.
Thank you, Joelle. Good morning, everyone, and welcome to Colabor Group's fiscal 2025 third quarter results conference call. This is Danielle Sainte-Marie. I'm responsible for investor relations at Colabor. Last evening, we released our earnings results for the 12 and 13 week, 36 week periods, ended September 6, 2025. The press release and disclosure documents can be found on our website and on CDAR+. The accompanying presentation, including our statement on forward-looking information and non-IFRS performance measures, can also be accessed online in the investors section at callaboard.com. Last night, we also announced the departure of Louis Frenette and the nomination of Kelly Shipway as the company's president and CEO. On behalf of the board of directors and the management team, I would like to thank Louis for his contribution during the last six years. We wish him success in his future endeavors. With me today is Kelly Shipway and Yannick Blanchard, our interim EVP and CFO, who joined the company last quarter. Before I pass the call on to management, I would like to introduce our new CEO. Some of you might have met Kelly at the company's Investor Day back in May of 2024. Kelly joined Colabar in 2023 as Vice President, Centralized Negotiations, Marketing and Procurement, and took on the role of Vice President of Business Strategy in January 2024, and was most recently promoted to Chief Operating Officer. Kelly has more than 25 years of experience in strategic business execution, operations, acquisitions, and integrations, primarily in the agri-food sector. Since joining Colibor, Kelly has laid the foundations for best practices in revenue management, by aligning business strategy to improve profitability and secure key long-term partnerships with suppliers and customers.
Kelly? Thank you, Danielle, and good morning, everyone. I'd like to start by saying a few words about Warren White, our chairman, who sadly passed away on October 6th. On behalf of our board, management, and all the employees at Carabao, we would like to extend our heartfelt condolences to Warren's family and friends. His leadership and integrity shaped this company in lasting ways. In line with our board succession policy, the board has appointed Denis Mathieu as interim chairman. Monsieur Mathieu is currently president and CEO of Novexco, Canada's leading distributor of office products, and he was previously EVP and CFO of Uniselect. He brings a vast experience in the distribution sector and has been a director of Caraval since 2018. As previously disclosed, Carabao was the target of a cybersecurity incident on July 20th, 2025. I'd like to take this opportunity to thank our teams, both external and internal, who worked relentlessly and contributed to minimizing the impact of the incident, which affected our legacy business only, starting on July 20th. Within days, we managed to regain control of our operations and serve most of our customers. All hands were on deck, working to minimize the impact of this event on our customers' businesses, our operations, and our systems. At this point in time, we can now say that we're confident that the security measures implemented will help reduce risk and strengthen our resiliency. Our operations have now fully recovered and customer attrition was contained. I'm extremely grateful for our clients' and our suppliers' patience during this difficult period. We remain dedicated to offering the industry's most attentive and personalized customer service and we look forward to continue working hand-in-hand with our suppliers. I will now turn the call over to Yannick to review key financial highlights this quarter.
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