Jamieson Wellness Inc.

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Good afternoon, everyone. Welcome to the Jameson Wellness Conference call to discuss the financial results for the fourth quarter and full year 2025. At this time, all participants are in listen-only mode. Later, we will conduct a question and answer session, and instructions will be given at that time. Please be advised that the reproduction of this call in whole or in part is not permitted without written authorization from the company. As a reminder, today's call is being recorded. On the call today from management are Mike Pilato, President and Chief Executive Officer, and Chris Snowden, Chief Financial Officer. Before I turn the call over to Mr. Pilato, please note that a press release covering the company's fourth quarter financial results was issued this afternoon, and a copy of that press release can be found in the investor relations section on the company's website. Please note, that the prepared remarks which will follow contain forward-looking statements and management may make additional forward-looking statements in response to your questions. These statements do not guarantee future performance and therefore, undue reliance should not be placed upon them. We refer you to all risk factors contained in Jameson's press release issued this afternoon and in filings with the Canadian Securities Administrators for a more detailed discussion of the factors that could cause actual results to differ materially from those projections and any forward-looking statements. The company undertakes no obligation to publicly correct or update the forward-looking statements made during the presentation to reflect future events or circumstances, except as it may be required under applicable securities laws. Finally, we would like to remind listeners that the company may refer to certain non- IFRS financial measures during this teleconference. A reconciliation of these non-IFRS financial measures was included with the company's press release issued earlier today. Also, please note that unless otherwise stated, all figures discussed today are in Canadian dollars and are occasionally rounded to the nearest million. I will now turn the call over to Mr. Palato to get started. Please go ahead, sir.

Thank you, good afternoon everyone and thanks for joining the call to discuss our fourth quarter and full year 2025 results 2025 was another strong year for Jameson wellness marked by consistent execution across our core markets and nearly 16% growth in our branded business. Consolidated revenue grew 12% supported by meaningful gross margin expansion and stronger double digit growth and adjusted EBITDA and operating cash flow. That momentum continued through the fourth quarter as well, led by 17% growth in our Jameson brand segment. Now let me touch on our key markets. China was a major driver of growth again in 2025, with revenue up more than 56%, outpacing the broader VMS market in the country by four times. That performance was driven by highly effective performance marketing, and strong gains in brand awareness and purchase conversion metrics across all major digital platforms. Over the year, brand awareness to trial conversion rates increased by 57%, and trial to regular buyer conversion rates grew by 81%. The key message here is that our investments are paying off, and we're seeing that reflected in our brand health and repeat rate metrics. While digital remains the engine of growth in China, we're also seeing our brand strength carry over in-store. which speaks to the broader platform we're building in that important market. Utheory delivered double digit revenue growth on the full year, driven by the success of our new e-commerce go to market strategy and strong consumption in traditional channels. We saw solid performance from innovation and high growth categories like stress and energy support and continued distribution gains across key retailers. Taken together, these factors strengthen the brand's presence and positioning in one of our highest potential markets. In Canada, we continue to outpace the market with revenue up nearly 6% for the year, driven by even stronger consumer consumption behind our quality-focused marketing campaign. Innovation also contributed meaningfully, with new on-trend products and formats continuing to resonate with consumers and reinforce our leadership position in our home market. Our international business delivered another strong year, with 2025 revenue up 24%. and particularly notable performance across the Middle East, Europe, and the Caribbean. Our Canadian quality campaign launched globally combined with locally relevant innovation continues to drive trial, category growth, and deeper consumer engagement with the Jameson brand. Across all of our key markets, innovation continues to be an important part of our growth. We're focused on need states like immunity, sleep, stress, and energy. And we're bringing forward formats and ingredients that reflect where the consumer is going, while leveraging our global platform to scale winning concepts quickly across geographies. That ability to combine global consumer insight with local execution is a meaningful competitive advantage for us. As we look ahead to 2026, we expect another year of strong branded growth, building on the momentum we have created. We see significant runway ahead in China as our consumer base continues to expand. In the US, we're focused on accelerating digital and e-commerce growth and continuing to innovate in high potential categories. In Canada, we'll continue leaning into our quality-led strategy and innovation to reinforce our market leadership. And internationally, we see continued opportunity through distribution gains and locally relevant innovation in our priority markets. Together, these drivers give us confidence in our ability to deliver another year of solid top line and earnings growth in 2026. With that, I'll turn it over to Chris to walk you through the financial details.