5N Plus Inc.

Good morning, ladies and gentlemen. Thank you for standing by and welcome to 5M Plus 4th Quarter 2025 Results Conference Call. At this time, note that all participants are in a lesson-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, please press star, then 1 on your telephone keypad. And if you require immediate assistance for the operator, please press star, 0. Je vais maintenant céder la parole à Monsieur Richard Perron, Président et Chef de la Direction Financière. And I would now like to turn the conference over to your speaker today, Richard Perron, President and Chief Financial Officer. Please go ahead.

Bonjour à toutes et à tous. Good morning, everyone, and thank you for joining us for our Q4 and full year 2025 results conference call and webcast. We'll begin with a short presentation, followed by a question period with financial analysts. Joining me this morning is Java Jalka, 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 uncertainty. A detailed description of the risk factors that may affect future results is contained in our management's discussion and analysis of 2025, dated February 24, 2026, available on our website and in our public file. In 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's discussion and analysis. I would now turn the conference over to Gervais.

Thank you, Richard, and thank you all for joining us today. 2025 was truly a record-setting year for 5andPlus. By leaning on our strengths, we navigated a complex macroeconomic and geopolitical environment with agility and delivered phenomenal growth. This was driven by our strategic focus on value-added products in key end markets, our flexible global sourcing and manufacturing capabilities, and strong customer relationships. Customers recognize our expertise. They trust us to deliver reliability and quality in demanding advanced material applications. In 2025, we also reach new heights in our financial performance, far exceeding the objectives we set for ourselves when we started the year. This includes accelerated revenue growth, record adjusted EBITDA, and significant margin expansion. And it was made possible by contributions from both of our segments. In specialty semiconductors, our strong performance across the board once again confirmed our status as a supplier of choice in the high-growth renewable energy and space solar power sectors. Starting with renewable energy, the new and expanded agreement for the supply of thin-fin semiconductor materials with our strategic customer announced last August was an important milestone, providing visibility on a multi-year growth path. Under the new agreement, we increase volumes by 33% for the 2025 and 2026 period underway and by another 25% for the subsequent term taking us to the end of 2028. This agreement supports our customers' U.S. manufacturing growth plans as the leading American solar technology company. It also reinforces our critical supplier role within this value chain. Space solar power is another key end market with a clear and multi-year path for growth. After a strong year, our project pipeline at Azure is very robust, extending beyond 2028. By the end of 2025, we successfully increased solar cell production capacity by 30% as planned. We are also now working towards an additional 25% capacity increase, which we expect to start gradually coming online in the second half of 2026, in line with customer demand. Whether in Montreal or in Germany, our sites are focused on scaling production and pursuing capacity expansion with discipline, unlocking productivity improvements and operational efficiencies along the way. Earlier this year, we also announced that we received a U.S. $18.1 million award from the American government to expand germanium recycling and refining capacity at our St. George, Utah facility. This investment aims to strengthen domestic supply chains for optics and space solar applications. Once again, it is a recognition of our expertise and reliability in a strategic sector. Finally, in performance materials, our intentional focus on key products in the health, pharmaceuticals, and technical materials sectors has been the right one. In 2025, We capitalized on favorable pricing conditions and delivered strong results, despite lower volumes. And this was no accident. As the leading supplier of bismuth-based chemicals and compounds, we took full advantage of our flexible sourcing and manufacturing capabilities to realize improved margins. Looking ahead, while the operating environment is expected to remain complex, the underlying growth trends across our key end markets remain clear. Strategically, 5N Plus sits at the intersection of utility scale and space-based renewable energy infrastructure. We supply advanced materials that enable critical, sought-after technologies. As we previously discussed, solar energy remains a key component of the U.S. energy mix. despite policy shifts. One of the drivers is the fast adoption of AI technology, which required large data centers with significant power needs. At the same time, structural expansion in the space industry continues at elevated levels, where we are the go-to partner to the main players in this sector, thanks to our leadership and solar cell technology. Medium term, we also anticipate growth opportunities in imaging and sensing, both on the security and the medical imaging front. In performance materials, we remain a key partner for health and technical materials, with growth expected to remain broadly in line with GDP, consistent with historical trends. With strong foundations, a clear growth path, and a proven strategy, we are well positioned to level up our performance in 2026 and deliver long-term value for our shareholders. With that, I will now turn it over to Richard for a detailed review of our financial results and outlook.