Power Corporation of Canada

Good morning, ladies and gentlemen, and welcome to the Power Corporation's second quarter 2025 earnings conference call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. Analysts who wish to join the question queue may press star then 1 at any point throughout the call. If anyone has any difficulties hearing the conference, please press star then 0 for operator assistance at any time. I would like to remind everyone that this call is being recorded on Friday, August 8, 2025. I would now like to turn the conference over to Mr. Stephen Hung, Head of Investor Relations for Power Corporation. Please go ahead, sir.

Thank you, Operator. Good morning, and thank you for joining the call to discuss our second quarter financial results. Before we start, please note that a link to our live webcast and materials for this call have been posted on our website at powercorporation.com. under the Shareholder Reports tab. Please turn to slide two. I would like to draw your attention to the cautionary note regarding the use of forward-looking statements, which form part of today's remarks. Please also refer to slide three for a note on the use of non-iPRESS measures and clarifications on adjusted net asset value. To discuss our results today, joining us on the call are President and CEO Jeffrey Orr and our EVP and CFO Jake Lawrence. We will begin with open remarks followed by Q&A. With that, I'll turn the call over to Jeff.

Thank you, Steve, and welcome, everyone. Thanks for joining us this morning for our results call. We are on page five, if we can just move it forward. We've got all four companies in the group that are reporting and have presentations over the last week, including GBL, which did their semiannual presentation. call. So you've got all of that information available to you. I just draw your attention to that. And with that, I'll move to slide six. This is a really strong quarter. It was strong from an earnings point of view from our two main earnings drivers, Great West Life Co. and IGM. They also had strong business momentum across basically all of their franchises. So really good from an earnings point of view and really good from a business momentum point of view. We Had a quarter continued with our buyback strategy, and we finished the quarter in a very strong cash position for a variety of transactions that occurred. So we're in a good position to continue with our stated objectives on share buybacks. And the alts platforms, the alternative asset managers, had a very strong quarter contributed to our results from an earnings point of view and also had very strong performance from a fundraising perspective. And so overall, a very, very strong quarter. I'm not going to spend any time on slide seven other than to say it's kind of around the horn snapshot of a lot of the positive developments that are going on across the company. And with that, I'll pass it to Jake to give his comments. Great.