Metatek-Group Ltd.

Thank you for standing by. This is the conference operator. Welcome to the MediTrip Group Limited first quarter fiscal 2026 results conference call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity for analysts to ask questions. To join the question queue, you may press star then one on your telephone keypad. You will hear a tone acknowledging your request. Should you need assistance during the conference call, You may reach an operator by pressing star and zero. I would now like to turn the conference over to Dennis Fong, Investor Relations. Please go ahead.

Thank you, operator. On the call today are Mark Davies, Meditech CEO, and Nick Morgan, CFO. Before we begin, Meditech would like to remind listeners that certain information discussed today may be forward-looking in nature. Such forward-looking information reflects the company's views with respect to future events. Any such information is subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those projected in the forward-looking statements. For more information on the risks, uncertainties, and assumptions relating to forward-looking statements, please refer to Meditech's public filings, which are available on CDAR. During the call, we will reference certain non-IFRS financial measures. Although we believe these measures provide useful supplemental information about our financial performance, They are not recognized measures and do not have standardized meanings under IFRS. Please see our MDMA for additional information regarding our non-IFRS financial measures, including for reconciliations to the nearest IFRS measures. Please note that unless otherwise stated, all references to any financial figures are in U.S. dollars. With that, I'll hand the call over to Mark.

Good morning, everyone, and thanks for joining us. I'll start with what drove revenue in the quarter, then spend some time on the progress we made with our DFDG system, which I think was an important operational milestone for the company. First quarter results reflected the normal seasonality of our government and sovereign nation-led business. Fiscal budgets and approval cycles typically result in lower activity early in the year, with activity building as the year progresses. That's a cadence we expect and plan for. Revenue in the first quarter was primarily driven by our EFDG system, which completed two surveys, both for repeat clients. In Angola, we executed the follow-on project from a prior survey completed in 2024. In West Africa, we completed an initial program for a client we have now worked with multiple times. In fact, This marked our fourth return to the region. Both projects were completed within the quarter, and the work with our West African client is expected to lead into a larger plan survey expected to commence in the second quarter of 2026. That repeat customer dynamic, starting with an initial survey and expanding coverage over time, continues to be a defining feature of our business model. From an execution standpoint, It also reduces risk and improves visibility. Once a system is mobilized for a client, follow-on phases tend to be more efficient to execute and easier to sequence, which supports utilization over time. The first quarter also marked the first deployment of our VFTG system on a live customer project, following installation and testing in fiscal 2025. The DFTG is designed to be more portable, allowing deployment on a wide range of aircraft, including smaller aircraft and helicopters. That portability expands our ability to operate in geographies where access and logistics are more constrained. The DFTG commenced operations in Dubai late in February and completed just over 12% of the planned data acquisition before activity was halted due to regional military events and airspace closures. Importantly, the project itself has not gone away. The client, who has previously used older generation technology, has been very impressed with the data acquired to date and is paying the pro rata fees associated with the work completed. We have agreed to return and complete the project once conditions allow. The remaining contract value sits in backlog, Although for prudence, we have not included the return to Dubai in our schedule or forecast for the year. The DFDG has since been demobilized from Dubai, and it is important to note we have no other contracts in the Middle East region in our adjusted backlog. As with any new system, particularly a new system design, there was a degree of technical risk associated with the DFDG's first real-world deployment particularly around how the technology would perform in an operational environment. Based on analysis of the initial Dubai dataset, the system has performed significantly better than we anticipated. We have seen a performance that exceeds expectations in both signal-to-noise, around 40% better than expected, and dynamic range. That gives us a high degree of confidence in the platform and confirms that DFTG is ready to operate at scale. Most importantly, the dynamic range indicates that the system should exceed current daily production estimates. In addition to data acquisition work, the first quarter also included revenue from processing and interpretation phases of projects where data had been acquired in 2025. This included airborne EFDG projects in Singapore and Malaysia, and after the successful execution and result of the airborne survey, a ground-based magnetotelluric project in Singapore. We also began work on a marine-based conventional gravity data acquisition program during the quarter, in partnership with a marine gravity provider we have worked with previously. Long-leaked pre-project deliverables were completed, and mobilization occurred late in the quarter, with data acquisition commencing in the second quarter. At the end of the first quarter, our adjusted backlog stood at approximately 77 million US dollars, representing growth for more than 30 million since the time of our IPO at the start of March. We expect this backlog to convert over the next 18 months, and it continues to be driven largely by repeat sovereign customers. More broadly, recent geopolitical events have only reinforced the importance of energy security, critical minerals, and the national resource planning for governments. We continue to see those priorities translate into sustained demand for our products. As we said before, demand is not the constraint in this business. With two systems now operational, a growing backlog, and the flexibility to redeploy assets as conditions evolve, Our focus remains on disciplined execution and converting backlog into revenue as activity builds throughout the year. With that, I'll turn you over to Nick, who will walk you through the financial results in more detail.