Richelieu Hardware Ltd.

Good afternoon, ladies and gentlemen, and welcome to the Research Your Hardware second quarter results conference call. At this time, all lines are in the listening-only mode. Following the presentation, we will conduct a question-and-answer session, which will be restricted to analysts only. And if at any time during this call you require needed assistance, please press star zero for the operator. Also note that this call is being recorded on July 10, 2025. Bonjour, Mesdames et Messieurs, et bienvenue au résultat du deuxième trimestre 2025 de Conquérir Richelieu. Présentement, notez que vos lignes sont en mode écoute seulement. Sous la présentation, nous allons procéder à une période de questions et réponses qui sera restreinte aux analystes seulement. Et si vous avez besoin d'assistance au cours de l'appel, appuyez sur l'étoile E0. Veuillez permettre de noter que cet appel est enregistré le 10 juillet 2025. J'aimerais maintenant céder la parole à M. Richard Locke, Thank you.

Good afternoon, ladies and gentlemen, and welcome to this year's conference call for the second quarter and first act, ended May 31, 2025. With me, Antoine Auclair, CFO and CO. As usual, note that some of today's issues include following information, which is provided with the usual disclaimer, and reported in your financial advice. This was another quarter of good progress for Michigan, both in terms of sales growth and new business acquisition.

And we ended the first half year with a sound financial position. We are pleased with the 6.4% increase in total sales.