Good afternoon and welcome to the Risk Intelligence Q2 2025 Webcast. Risk Intelligence will begin with a presentation followed by a Q&A session. During the Q&A, the management team will address pre-submitted questions and questions submitted live during the presentation. The Q&A is still open so that you can submit questions live during the presentation. With that, I will now hand over the call to Risk Intelligence to start the presentation. Hans and Jens, your lines are now open. Thank you very much, Janus, for the introduction to this presentation for our Q2 report, which of course also includes the first six months of the year. Over to you, Jens. Yeah, not much to add. Welcome. The agenda today, very quickly something about the main activities in Q2, highlights, and then Jens will go through the report and we will talk about Outlook and the change guidance. If we look at the main activities for Q2, we have spent quite some energy and focus on implementing our new commercial strategy with five business segments which have been mentioned before: commercial maritime, that is the classic traditional shipping, shipowners associations, flag states, and similar. Energy, which is both oil and gas and renewable energy, with primarily the offshore wind farms. We have insurance and legal, and that is marine and war risk insurance mainly in Scandinavia and in the UK. Government and defense, which are all our defense clients and other government agencies, as well as organizations working for and about infrastructure and similar projects in various countries. The last one, land-based logistics, that's where we have our land-based product, and that is the cargo owners as well as logistics companies. That's been the main focus in Q2. Within these five different segments, we will have different types of communication, different types of lead generation, and therefore also different types of marketing. Some of them have already produced improved pipelines, and it should be the result when we change our narrative to a narrative that is focused on the individual segment instead of having a general narrative for all different clients. In this way, going forward, the energy client operating offshore wind farms can easily find his or her challenges being addressed and how we can assist them instead of having a general explanation about our products on the web page. That is a work in progress and something which has been quite well received among our clients. Over to you, Jens. Yeah, thank you. If we boil the report down to a few slides, the things we would address are the top line growth of 18% for the second quarter, both in recognized revenue and invoiced revenue, and compare that to the cost side that only increases 1%. In terms of that, we again can show a however small but positive EBITDA for the quarter. That's the second quarter in a row where we actually deliver a positive EBITDA. DKK 29,000 is however a DKK 1 million higher than the DKK -900,000 last year. If we look at the six-month period, more or less the same, showing that we have a top line growth of the recognized revenue of 14%, a modest increase in invoiced revenue of 7%, but again a decrease in the cost compared to the six months in 2024, 3% lower actually for the same period, which again gives us a positive EBITDA for the period of DKK 285,000, which is DKK 2 million higher than the - DKK 1.9 million last year. In our terms, very positive numbers both in growth and in the bottom line of the EBITDA. If we look at the metrics, a quarter with zero churn, again, I can tell you that will not least, that will be odd if it does, but again, that's the facts. A growth of total ARR of 9% and an NRR of 114%, which has been impacted, we can say about the currency rate exchange of the U.S. dollar. It would have been higher if it has been dollar to dollar. At the right side, you could just say that we have the trend of the ARR quarter by quarter. If we look down to the revenue again, the first two, the left side of the slide shows quarter by quarter, which is the growth quarter by quarter. On the right side, it's more to, if we dissecate the revenue into our system and advisory services, it's just to show that advisory has a smaller portion, both in the second quarter and in the half year than it did at the same time last year. Over to you again, Hans. Yeah, thank you. One of the important items from this Q2 report, which was also the case with the Q1 report, is that when you do have a positive EBITDA, the spread between growth in revenue and the growth in cost is a very important indicator because it kind of outlines the future. Obviously, we won't have -3% growth in cost going forward. We should aim for this between 15% and 20% spread between growth in revenue and growth in cost going forward. We can look at a better, more improved EBITDA and ultimately profit going forward. We have changed the outlook for 2025. That is mainly because of uncertainty in the financial markets and volatility in exchange rates. We do do some currency fixing on the larger amounts, but not on the smaller amounts. We had that development from Q1, items that were invoiced in Q1 but paid in Q2, where we got the impact of the U.S. dollar, the decrease in the U.S. dollar currency rate. More also important is revenue timing when we do have recognized revenue, which is of course the basis for the EBITDA and the result, as well as timing and recognition of one particular contract that has been moved to Q1 2026. That changed by that in mind, we have kept the ARR growth guidance. We have kept the system ARR, which is of course a function of the growth rate. We have kept EBITDA positive, but we have changed zero in the net result to a negative amount between DKK 3.2 million and DKK 4.2 million and with a positive cash flow. That's the change of the guidance for the year. That was all we had of highlights from the report. I don't know if there are any questions. Thank you, Hans and Jens. As we have not received any questions, pre-submitted or live questions, we have no questions for the Q&A. That actually finalizes the webcast for today. Before we end, I will just hand over the word if you have any final remarks to end with. No, not really. I think we highlighted what we wanted to focus on, and we hope to see you back on the Q3 report presentation.