Light S.A. (LGSXY) Q4 2025 Earnings Call Transcript

Operator

Good morning, ladies and gentlemen, and welcome to Light’s Fourth Quarter of 2025 Earnings Call. Today’s event will be held in Portuguese and will be simultaneously translated into English. If you’d like to change the language you’re hearing, you can click on the Interpretation button on the lower bar. We’d like to inform you that this event is being recorded, and a recording will be available on the company’s Investor Relations website along with the materials used on this presentation, which are already available there. [Operator Instructions] Before we continue, I’d like to underscore that any statements made during the company’s call about the company’s future business perspectives, projections and operational and financial goals are simply the directors’ beliefs and assumptions, and this is based on the information that is currently available for the company.

Remarks about the future are not a guarantee of performance as they involve risks, uncertainties and assumptions, which refer to future events that, therefore, depend on circumstances that may or may not occur. Investors should understand that the general economic conditions, industry conditions and other operational factors may affect the company’s future results and lead to results that differ materially from those expressed in these forward-looking statements. We will now begin the company’s presentation with Mr. Alexandre Nogueira, CEO, who will give his opening remarks and talk about the company’s results. We will hand it over to him. Go ahead, sir.

Alexandre Ferreira
CEO &, Member of Executive Board & Deputy Chairman

Good morning, everyone, and welcome to our earnings call. Light ended 2025 with consistently stronger operational fundamentals compared to recent years, with a debt structure appropriate for