Power Corporation of Canada

Good morning, ladies and gentlemen, and welcome to the Power Corporation first quarter 2026 earnings conference call. At this time, all lines are in 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 difficulties hearing the conference, please press star then zero for operator assistance at any time. I would like to remind everyone that this call is being recorded on Wednesday, May 13th, 2026. 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, everyone, and thank you for joining our first quarter financial results call. Before we start, Please note that a link to our live webcast and materials for this call have been posted to our website at powercorporation.com under the Shareholder Reports tab. Please turn to slide two. I'd 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-IFRS financial measures and clarifications on adjusted net asset values. To discuss our results today, joining us are President and CEO, Jeffrey Orr, and our EVP and CFO, Jake Lawrence. We will begin with opening remarks, followed by Q&A.

And with that, I'll turn the call over to Jeff. Thank you, Steve, and thank you to all of you for joining us here this morning as we go through our results for the first quarter. Very pleased with the first quarter results and generally the momentum that we have across the businesses at PowerCorp. I think the backdrop has been very positive macro factors, notwithstanding all the heightened risk that we see in the markets and going around the world right now. Obviously, stock market levels continue to rise. Interest rates have been supportive. Investors have made a lot of money. There's high investor confidence, good flows going on. So notwithstanding that, all that goes on around the world, the business conditions actually have been very supportive. And that's combined with the strength of our group's earnings to basically provide very strong momentum from an earnings point of view and strong perspectives from a cash flow point of view. That's evident across Great West Lice businesses, IGMs businesses. Strong cash flow, strong increases in dividends, buybacks, and then the portions of the portfolio that are not earnings producing assets like Wealthsimple, Rockefeller, the NAV portfolios are doing extremely well. So all things well. I was addressing page six. Thank you for catching up to me. I should have said I was on page six. And so very happy with the quarter. And with that, I'm going to pass it over to Jake to talk a little bit about the earnings and the asset values, and I'll pick it back up after that. Jake?