5N Plus Inc.

Hello, ladies and gentlemen. Thank you for your patience and welcome to the Telephone Conference on the results of the third quarter of 2025 of 5N+. Currently, the participants' links are only in listening mode. After the presentation, there will be a question-and-answer period. To ask a question, press the star and one of your telephone keyboards. If you need assistance, please press the zero star. Good morning ladies and gentlemen. Thank you for standing by and welcome to the 5M Plus, Inc. third quarter 2025 results conference call. At this time, note that all participants are in listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, please press star then one on your telephone keypad. And if you require immediate assistance for the operator, please press star zero. Je vais maintenant C'est la parole à Richard Perron, président et chef de la direction financière. And I would like to turn the conference over to your speaker today, Richard Perron, president and chief financial officer. Please go ahead, sir.

Bonjour à toutes et à tous. Good morning, everyone, and thank you for joining us for our Q3 2025 results conference call and webcast. We will begin with a short presentation followed by a question period with financial analysts. Joining me this morning is Gervais Jacques, our CEO. We issued our financial results yesterday and posted a short presentation on the investor section of our website. I would like to draw your attention to slide two of this presentation. Information in this presentation and remarks made by the speakers today will contain statements about expected future events and financial results that are forward-looking and therefore subject to risk and uncertainties. Detailed description of the risk factors that may affect future results is contained in our management discussion analysis of 2024, dated February 25th, 2025, available on our website in our public findings. The analysis of our quarterly results, you will note that we use and discuss certain non-IFRS measures, which definitions may differ from those used by other companies. For further information, please refer to our management discussion and analysis. We will now turn the conference call over to Javert.

good morning thank you richard and thank you all for joining us this morning this quarter marks another financial milestone for five and plus with our strongest strongest quarterly revenue in a decade record adjusted gross margin and a new high for quarterly adjusted EBITDA these results reflect strong performance across strategic sectors reinforced by our global sourcing, our manufacturing capabilities, and our focus on high growth and high value markets. These trends have continued consistently throughout the year. In a complex environment, we are executing our growth strategy with discipline, focusing on the factors within our control. We are building on our unique advanced materials capabilities and leveraging our market positioning as the trusted partner of choice. Entering the year with incredible momentum, our performance has exceeded our expectations, improving quarter after quarter. This is reflected in the latest upward revision to our annual adjusted EBITDA guidance and sets a high bar for the year ahead. Now let's start with an overview of our specialty semiconductor segment. In terrestrial renewable energy, demand remained very strong in the third quarter, with revenue for this sector up 53% over the past year. We continue to ship increased volumes to our key strategic customer under the terms of the extended supply agreement, which we announced along with our Q2 results in August. Under the new terms, semiconductor compound supply volumes are set to rise approximately 33% above initial contract levels for 2025-2026 period. with a further 25% increase expected over the subsequent two-year term. Our teams in Montreal and in Germany are working diligently to meet this higher demand, building on our experience from previous expansions. New equipment has mostly been installed, and we are now progressively ramping up effective capacity. with a focus on hiring and training new staff and on maximizing efficiency and productivity. Turning to space power sector, Azure's revenues increased 43% compared to the same period last year. We have a robust long-term project pipeline firmly in place. At our Heilbronn site, The ramp up of solar cell production is on track to add an additional 30% by year end as planned. We continue to explore further opportunities to expand our operations and capture growing demand. On the performance materials side, we continue to benefit from exceptional margins despite lower volumes. This, once again, reflects our unique positioning in a volatile business environment, and the strength of our strategic diversified global supply. Thanks to our market leadership and competitive advantages, we will continue to solidify our position as the strategic partner of choice. Looking to 2026, several demand trends are expected to support our continued growth. As discussed last quarter, domestic solar energy is expected to remain a key component of the U.S. energy equation, despite shifts in U.S. energy policy. 5N Plus is poised to benefit as a key strategic North American supplier within our U.S.-based customers' value chain, as reflected in our expanded supply agreement. This outlook is further reinforced by the acceleration in AI adoption, which will rely on abundant clean power and seamless global connectivity. We are uniquely positioned at the intersection of both these megatrends. We can deliver the advanced semiconductor compounds required for the thin-film photovoltaics on Earth, as well as space solar cells using germanium substrates, which are needed for clean energy and satellite infrastructure. Although the global business environment remains unpredictable, our unique expertise in manufacturing footprint position us to grow organically, while we also pursue external growth opportunities. Before moving to financial details, I would like to say a few words about Richard, who, as we announced last week, was appointed president on November 1st and will succeed me as CEO at the end of May. Having worked closely with Richard over the past five years, I have full confidence in his leadership, strategic insight, and ability to drive 5N Plus forward. He has been instrumental in shaping our growth strategy and strengthening our operations. making him exceptionally well-placed to lead the company into its next phase. This transition also comes at the right time for 5N+, ensuring continuity at a time of strong momentum. We believe this position for 5N+, to maintain its market leadership, execute on growth initiatives and continue delivering for our shareholders. For my part, I look forward to taking on the new role of Executive Chair upon Richard's appointment as CEO next May. In that capacity, I will continue to support the leadership team in the execution of our strategic priorities, ensuring that we remain steadfast in our focus on long-term value creation. With that, I'll pass it over to Richard for a review of our financial results.