Sylogist Ltd.

Thank you for standing by. This is the conference operator. Welcome to the Syllogist Ltd. second quarter 2026 results conference call and webcast. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star, then 1 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, then zero. I would now like to turn the conference over to Alex Balca. Please go ahead.

Thank you, Nick, and good morning. Joining me to discuss Silgist's second quarter 2026 results are Joel Leetzow, Silgist's chief executive officer, along with Sujeet Kini, the company's chief financial officer. This call is being recorded live at 8.30 a.m. Eastern Time on Wednesday, August 12, 2026. I'd like to remind everyone that Silgist's second quarter 2026 press release, MD&A, Financial statements and accompanying notes have been issued and are available for download on CDAR+. Please note that some of the statements made on the call today may be forward-looking. Actual events or results may differ materially from those expressed or implied, and SIL just disclaims any intent or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. A complete safe harbor statement is available in both our MD&A and press release as well as on sellgist.com. We encourage all our investors to read these materials in their entirety. Additionally, Sellgist is reporting financial results in accordance with IFRS accounting standards as issued by the International Accounting Standards Board. Today, the company may also refer to or discuss non-IFRS performance measures. which should be viewed as supplemental. The company has included in its MD&A definitions of the non-IFRS performance measures used by the company. All dollar figures expressed on this call are in Canadian dollars unless otherwise stated. I will now turn the call over to Joel for his opening remarks. Sujeet will then provide an overview of our Q2 financial performance, and Joel will return with closing remarks before opening the line for Q&A. With that, I'll hand the call over to Joel.

Thank you, Alex, and good morning, everyone. Thank you for joining us today. It's been just under three months since I've joined Syllogist as CEO. During that time, I've spent a great deal of time with our employees, customers, partners, board, and shareholders, assessing the strengths of the business and where we need to improve. What I've seen has reinforced my confidence in Syllogist's long-term potential. It has also confirmed that we have more work ahead of us. Our second quarter results reflect both encouraging progress in areas that require improvement, SaaS subscription, Revenue grew 5% year-over-year, SAS ARR grew 6%, and our adjusted EBITDA margin improved sequentially from the first quarter. At the same time, total revenue declined 6%, SAS Net Revenue retention was 99%, and project services performance was below where it needs to be. These results reinforce the priorities that we have established. We need to improve execution, strengthen our product portfolio, invest in the customer experience, and operate with greater discipline. Following years of investment, Syllogist has a strong base of mission-critical cloud products. Our job now is to translate those assets into more consistent, recurring revenue growth, stronger retention, and improved profitability. In June, we announced optimization initiatives intended to sharpen our customer focus, and strengthen capital allocation. As part of those changes, I assume direct leadership of the sales organization. We are bringing greater accountability to how we position our products, pursue opportunities and deliver successful customer outcomes. Project services performance is not where it needs to be. Project services revenue declined 20% in the quarter and associated gross margin fell to eight. We are taking direct action to improve delivery, utilization, and accountability. Partners remain important to our scalability and market reach, but we will selectively retain project services where doing so improves customer outcomes, supports ARR growth, and delivers appropriate margins. The objective is straightforward. Our products must be positioned to win and our customers and partners must have the resources required to deliver a high quality experience. With that, I'll turn it over to Sujeet to walk you through the detailed financial results for the quarter and first half. Sujeet.