Swiss Water Decaffeinated Coffee Inc.

Good afternoon. I do apologize for the delay in today's start time. There was a technical issue with our dial-in phone number that has now been resolved. Once again, thank you for your patience, and we do apologize for the delay in today's start time. Welcome to the Swiss Water Decaffeinated Coffee, Inc. Third Quarter 2025 Conference Call. At this time, all participants have been placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation. Before Swiss Water Decaffeinated Coffee, Inc. conference call starts, they are required to remind you that certain information in today's presentation is forward-looking in nature. Any such forward-looking information or statements are based on assumptions that they are considered reasonable at the time the information was prepared. Such information involves known and unknown risks, uncertainties, and other factors outside our control. that could cause actual results to differ materially from those expressed in the forward-looking information. Swiss Water Decaffeinated Coffee, Inc. does not assume responsibility for the accuracy and completeness of the forward-looking information. Similarly, they do not undertake any obligation to publicly revise this forward-looking information to reflect subsequent events or circumstances except as required by law. please refer to Swiss Water Decaffeinated Coffee Inc.' 's management discussion and analysis posted on CDAR and Swiss Water's website for a full discussion regarding forward-looking statements and the risks therein. It is now my pleasure to turn the floor over to your host, Frank Dennis, President and CEO of Swiss Water Decaffeinated Coffee Inc. Frank, the floor is yours. Thanks, John.

Good afternoon, everyone, and thank you for joining us today. I'm Frank Dennis, President and CEO of Swiss Water Decaffeinated Company, Inc., and with me is Ian Carswell, our CFO. We are here today to discuss Swiss Water's financial results for the three and nine months ended September 30th, 2025. As usual, I will begin with a brief review of our performance and operating environment. Then Ian will provide more details about our financial results. After that, I will just share some closing thoughts before we take your questions. We delivered another solid quarter with 7% volume growth versus Q3 last year, supported by strong demand for our chemical-free decaffeinated coffee and disciplined operations. Improved profitability this quarter reflects effective pricing and cost management, some favorable foreign exchange movements, and continued focus on execution across the business. Our approach to managing inventory continues to serve us well, enabling us to meet customer needs consistently in a market where importers are maintaining leaner inventory positions and customers are looking to us to provide immediate available coffee. That reliability has helped us reinforce long-standing relationships and establish new ones as more customers look for supply assurance. Overall, demand for ArtiCafe coffee remains strong. As a benchmark, grocery volume in the United States has declined markedly due to extremely elevated retail prices, while our volumes have grown. That outperformance reflects the quality of our coffee, strength of our customer relationships, and our ability to respond quickly to shifting market dynamics. The coffee futures market remains extremely volatile. The NYC futures market softened early in the quarter before retracing all of the losses again toward quarter end. The market inversion continues to drive timing and further cost pressure across the industry.

Please stand by a moment. Once again, please stand by while I reconnect the speaker's line. Thank you for your patience. Once again, please stand by. Ladies and gentlemen, thank you for standing by. I'm going to place this call on music hold until it resumes. I am reconnecting the speaker shortly. Once again, please remain connected at this time. Today's call will resume shortly. Please stand by. Thank you once again for standing by. Passing the floor back to Frank Dennis.