Thank you for being with us today. Everyone that is physically here and everyone that is connected, we appreciate your time today and sharing this presentation directly or through our broadcast. We are very excited to have a combined session today, starting with a Q3 and nine-month presentation, and then we will move forward with our Investor Day. We will start with a review of our performance for the first nine months, followed by our usual quarterly Q&A session. For this, I am accompanied here with our Corporate General Manager, Ángel García Altozano, and our Chief Financial Officer, Emilio Grande. At noon Central Time, and after a short break, we will move into our Investor Day, focused on the group's data center strategy. For this part of the event, I will also be joined by Peter Davoren, Chief Executive Officer of Turner, that will be joined by video, Vicente Maraña, Chief Executive Officer for ACS Digital Energy, Mike Kuntz, Executive Vice President of Turner, Jim Brunnrich, Managing Director of Turner Europe, and Burnt Holdwick, Managing Director of Octave PPP Solutions. We also wanted to take the opportunity to provide a recap on where we are in our strategic journey, highlighting key areas of growth and other investment initiatives. In addition, we'll reflect on what we have achieved since our full Capital Markets Day in April last year, 2024. To conclude, we'll open the floor again for questions on our strategy and, of course, the transaction we just announced this morning with GIP BlackRock for our data center platform. For those of you joining remotely, please submit your questions online, and they will be read out here in the room. Starting with our first slide, ACS Group has achieved an outstanding performance during the first nine months of 2025, with solid growth in sales, backlog, and net profit backed by strong cash flow generation. Let me give you an overview of a few key highlights for the period. We have reported strong profit growth of 19.5% or 23.8% FX adjusted at ordinary net profit level, reaching EUR 585 million. On a reported basis, net profit stood at EUR 655 million. Sales saw a very significant increase of 23.7% or 28% FX adjusted, driven in particular by strong growth in our strategic markets. EBITDA growth was even higher at 32% or 38% FX adjusted, reflecting operating margin expansion across our businesses. Net operating cash flow grew by EUR 154 million year-on-year to EUR 2 billion in the last 12 months, which is a EUR 318 million increase adjusted for factoring variations. As a result of this strong cash flow generation, the group's net debt position as of the end of September was EUR 2.2 billion, and this is after allocating EUR 1.4 billion to strategic investments and shareholder remuneration during the first nine months of the year. Strategic investments included EUR 436 million acquisition of Dornan and EUR 555 million in net equity investments and other M&A, mostly including an investment of EUR 345 million in data center projects. Additionally, shareholder remuneration amounted to EUR 422 million. New orders during the first nine months of 2025 of EUR 43.9 billion were 12.6% higher FX adjusted, driven by 55% of awards in high-growth segments. The order backlog grew by 8.9% FX adjusted, reaching EUR 89.3 billion, equivalent to approximately two years of work, supported by strong demand in data centers, biopharma, and defense. We are raising our ordinary net profit guidance for 2025 to a range between EUR 820 million and EUR 855 million, an increase of up to 25% versus last year's figure. This compares with the previous top end of the guidance of up to 17% growth. Let's take a closer look at the group's consolidated performance for the period. Sales rose by 28.3% FX adjusted, reaching EUR 36.8 billion, driven by the exceptional performance of Turner, which achieved 36% organic growth FX adjusted. This momentum was further supported by the integration of Dornan and the full consolidation of this since Q2 2024. EBITDA increased by 32% to EUR 2.2 billion, with margin expansions across all segments. Profit before tax amounted to over EUR 1.1 billion, up 28.3% on a comparable ordinary basis, and was particularly fueled by Turner's outperformance and the solid contribution from Flatiron Dragados. We delivered strong ordinary net profit growth of 19.5% year-on-year to EUR 585 million. Turning now to the ordinary net profit by segment in page four, I'd like to underline the following. Turner delivered an outstanding performance once again, with its contribution rising 64.6% to EUR 363 million, driven by strong growth in digital infrastructure and biopharma, healthcare, and education projects. CIMIC delivered EUR 151 million, up 8.2% FX adjusted, supported by strong growth in high-tech projects and impacted by the FX. Engineering and construction showed a very strong result, growing at 32.5%, reflecting a higher contribution of Dragados and solid results in Octave Europe. Abertis had a resilient operational performance in the period, with comparable EBITDA growing at 7%, with a net profit contribution impacted by the tax regulation in France. During the period, the group implemented efficiency initiatives that involved EUR 29 million in restructuring cost, aimed at streamlining operations and unlocking synergies that will enhance performance in the coming years. In terms of cash flow generation, the group continued to show an excellent performance. Last 12 months' net operating cash flow of EUR 2 billion was up by EUR 154 million and was supported by the strong momentum of Turner. Last 12 months' net operating cash flow pre-factoring increased by EUR 318 million, driven by EBITDA growth, sustained cash conversion, and this strategic diversification into cash-generative businesses. The group's cash generation remained solid, and we expect a strong cash conversion level for 2025, with characteristically strong Q4 performance. Our net debt position as of September 2025 stood at EUR 2.2 billion, showing a decrease of EUR 173 million since September 2024. This variation is explained by a strong net operating cash flow, although slightly impacted by the lower use of factoring, and is net of strategic capital allocation initiatives, shareholder remuneration, and foreign exchange effects. Adjusting for these non-operational effects, the net debt would have been reduced to only EUR 426 million. Our capital allocation over the last 12 months includes EUR 1.2 billion in net equity investments and M&A, corresponding to the acquisition of Dornan for EUR 436 million, EUR 446 million investments in data center projects, and other net equity investments that include about EUR 240 million in social infrastructure, energy, and transport concessions, and also EUR 451 million in shareholder remuneration. Our disciplined approach to capital deployment supports our long-term growth strategy while maintaining a solid financial position. Moving on to slide seven, our order backlog stands at EUR 89.3 billion as of September 2025, representing a year-on-year increase of 8.9% FX adjusted. This growth was underpinned by a very strong order intake of EUR 43.59 billion, up 12.6% FX adjusted. Circa 55% of our new orders are in high-growth segments. This very positive performance reflects the group's continued success in securing high-quality projects across our strategic growth markets, particularly in data centers, defense, and biopharma. It is worth highlighting that digital infrastructure now accounts for 16% of the group's total backlog, driven by the exceptional momentum in data centers. We're also seeing a strong traction in Germany. Over the past three years, our German order book was nearly doubled to EUR 5.2 billion. The EUR 500 billion German infrastructure fund approved this year will see its first full-year deployment in 2026, with federal investment rising to a record of EUR 127 billion, approximately comparing with EUR 75 billion back in 2024, and further visibility for sustained high levels. We are very well positioned thanks to its scalable model and expertise in bridges, tunnels, and rails. On the following slide, you can see a selection of recent project awards. It is worth putting these projects in the broader context of the ACS Group strategy, which, in any case, we will have the opportunity to discuss in more depth during our Investor Day later today. Let's start with the digital infrastructure and advanced tech sectors that we command a leading position. After the surge of the past two years, global data center growth remains very, very strong, driven by cloud and artificial intelligence demand. Data center and compute CapEx is expected to hit $600 billion in 2025, double than in 2023, while annual AI infrastructure spend could reach $3 trillion-$4 trillion by decade end. Across regions, demand is high, schedules are tightening, and clients rely on us to deliver complex projects quickly and at scale. The group has been awarded several new large-scale data center projects during the period, more than doubling the value of new orders secured in the first nine months of 2025, including in July when the AI hyperscaler CoreWeave announced its intent to commit more than EUR 6 billion to equip a new state-of-the-art data center in Pennsylvania, purpose-built to power the most cutting-edge AI use cases. The initial 100-MW data center, with potential to expand to 300 MW, will be delivered by a Turner joint venture. Last week, OpenAI, Oracle, and Vantage, as part of the $500 billion Stargate program, announced a $15 billion central campus in Wisconsin, for which Turner is one of the selected construction managers. The Alcalá Data Center started construction. It is a joint collaboration by Dwarka, Skyrim, Turner, and SourceBlue in the context of their data center platform. The group is also advancing in the semiconductors area. A strong demand for artificial intelligence and increased digitalization drive investment levels, with double-digit growth expectations going forward. We have obtained several new orders in the semiconductor sectors in the U.S., Germany, Ireland, and Malaysia, such as the expansion of an assembly and test facility for chip lithography machines in the U.S. Energy-related infrastructure is another strategic growth market for us, with substantially rising demand driven by the global energy and supply security needs. ACS is strategically focused on building infrastructure for a low-carbon future, from generation and storage to transmission and advanced technology. With decades of experience designing and building nuclear power plants and facilities across the world for global energy companies like our WE, we deliver end-to-end services and are well-positioned to support the deployment of best-in-class small modular reactor technologies. Leveraging global engineering capabilities for new build, SMRs, storage, and dismantling, we target an industry projected to exceed EUR 500 billion in European investment by 2050. In October, we secured a major nuclear and civil works framework contract worth up to EUR 685 million as part of the infrastructure delivery partnership at the U.K. Sellafield site. The alliance-style contract, lasting up to 15 years, involved design, engineering, and delivery of civil infrastructure works in support of nuclear operations and decommissioning in collaboration with Sellafield and its partners. This strategic long-term partnership reinforces our unbroken legacy in the nuclear sector since the 1950s as a trusted partner in engineering and construction for some of the world's most critical nuclear programs. If we turn back to renewables, we represent an ever more important energy source. Battery energy storage systems are becoming a crucial element to balance electricity networks. Global battery energy storage systems capacity is expected to rise by 67% in 2025 to 617 GWh and to 10-fold by 2035. In Australia, for example, CIMIC's UGL was again selected by Neoen, a world-leading producer of exclusively renewable energy, and Tesla to construct another battery project of 164 MW in Perth. Let me turn now to critical minerals and natural resources, where global demand for is set to increase significantly as a consequence of the exponential growth of clean energy technologies, digital infrastructure, and defense investments. The group has developed a unique position in critical minerals globally, primarily through Sedgman, which specializes in integrated minerals processing solutions and TIS. During the period, Sedgman, which has over 100 critical mineral engineering projects globally, started work on an innovative processing plant in Queensland for vanadium and other rare earth metals, as well as a five-year gold project contract extension in Western Australia. Last month, Leighton Asia secured a three-year extension to an asset integrity contract in Indonesia for critical production assets to extract nickel, and we're also carrying out the process design and project implementation for a copper zinc plant in Western Australia. We're also expanding our European footprint in critical minerals. In Germany, we've been working with Vulcan Energy on the EPC and validation of what will be Europe's largest lithium extraction plant. The company's integrated lithium and renewable energy project will allow it to deliver a local source of sustainable lithium for the European EV battery industry, enough for an initial 500,000 electric vehicles per annum. The awarding of the European Union's strategic project status under the Critical Raw Materials Act highlights its transformative potential for Europe's clean energy future and lithium independence. Sedgman has also won a contract to provide the feasibility study and front-end engineering design work for a major lithium project in France. We are also currently working, or have worked, on a number of other lithium projects and studies this year in Portugal, Brazil, Australia, and Canada. Global lithium demand growth is expected to fivefold by the end of the decade, pushing the market into deficit by 2030. Next, let's address defense, where infrastructure investment is expected to substantially increase globally. ACS sees this sector as strategically attractive due to the synergies with the group's leading position in civil works, its engineering capabilities, and its sector presence in Europe, the U.S., and Australia. We deliver projects for ministries of defense, police agencies, and border authorities across our geographical footprint. At the end of the third quarter, the group had a defense order book of over EUR 2.6 billion, and we expect it to increase significantly. In addition to the large Pearl Harbor dry dock replacement project in Hawaii, we've been selected for a 10-year global construction services contract for the U.S. Air Force. In September, semiconductor and CPU contractors began building works for a Royal Australian Air Force base in Queensland, as well as defense infrastructure upgrades in South Australia. In Europe, major multi-year defense investment plans, including in Germany, present substantial opportunities in defense-related capital works and potentially via the PPP model. An example is the Leverick armament storage reconstruction project in the Czech Republic, which illustrates this growing defense investment momentum. Now, in biopharma, health, and social, we were awarded the new Huntington Bank field, a Cleveland Browns new NFL stadium, a visionary project in Ohio, USA. During the quarter, Turner began work on the 46-story 343 Madison Avenue office tower in Midtown Manhattan, New York, including an underground transit and transferring Grand Central Terminal. Our major projects secured in this sector include the Metropolitan Museum of Art expansion in New York and the Advent Health Avista new hospital project, a significant expansion of capacity with a new five-story building in Louisville, Colorado, USA. The group has also been a global leader in transport infrastructure and sustainable mobility for several decades, and the outlook is very positive due to several infrastructure stimulus packages. We were selected to deliver Queensland Gateway to Bruce Upgrade, a transformative infrastructure project to improve safety, connectivity, and resilience across the Gateway Motorway and Bruce Highway corridors in Australia. Recently, we announced that Turner's joint venture has been awarded a $700 million modernization project for Memphis International Airport. In Germany, we secured a major rail infrastructure contract to refurbish a 42 km double-track section for Deutsche Bahn. This wide selection of projects is representative of the strength and breadth of our group's growth strategy and our group companies. Turner, for example, was again named in our top U.S. general contractor, holding leading positions across 13 segments, including healthcare, aviation, and data centers. Flatiron Dragados is also experiencing a strong momentum in defense and transport projects, including high-speed rail, while our companies in Europe are also building up momentum on the back of increased infrastructure spending. Let us now have a look at the performance by segments. On slide 10, we begin with Turner, which is delivering exceptional results, consolidating its leadership in strategic sectors. Sales grew by 38.1%, reaching EUR 18.8 billion, driven primarily by strong organic growth in data centers and biopharma projects. This steady performance was further supported by the contribution from Dornan, performing even better than anticipated. Profit before tax amounted to EUR 625 million, representing an outstanding increase of almost 60%. This was accompanied by continued margin expansion of 44 basis points to 3.3%, reflecting Turner's successful strategy focus on advanced technology projects. Turner's strong growth trajectory is demonstrated by its new orders of EUR 23.4 billion in the first nine months of the year, an increase of 21.3% year-on-year, 25.3% FX adjusted, driving the order backlog to EUR 34.4 billion. Moving on to our operations in the Asia-Pacific region, we turn to CIMIC. Sales were up 20.2% FX adjusted, supported by solid increases in strategic areas such as advanced technology, healthcare, and defense, and the full consolidation of TIS with a stable underlying performance overall. Ordinary profit before tax increased by 20% year-on-year to EUR 351 million after adjusting the nine months of 2024 for the one-off non-cascade net of provisions. NPAT grew by 8.2% FX adjusted year-on-year to EUR 188 million. CIMIC's order backlog was solid, reaching EUR 23 billion, driven by solid growth across all segments, particularly in data centers and defense. New orders increased 4.1% year-on-year, FX adjusted. Turning now to the engineering and construction segment on slide 12, we can see solid growth with consolidated sales increasing 11.2% year-on-year to over EUR 7.8 billion, driven by the strong performance in North America and robust contributions from both Dragados and Hochtief Engineering and Construction, particularly in high-speed transportation and defense. EBITDA margin increased by 47 basis points to 5.6%, supported by significant contribution from Flatiron Dragados. Profit before tax grew significantly by 50% to EUR 224 million. The engineering and construction backlog rose 1.6%, FX adjusted, to EUR 28.9 billion, reflecting a strong order intake of EUR 9.7 billion, with notable momentum in sustainable mobility and transportation infrastructure. Looking forward, the outlook remains very positive, and as I highlighted, we are particularly well-positioned to benefit from the infrastructure investment plan in Germany and sustain growth in civil infrastructure investment in the USA. Continuing now with the infrastructure segment on slide 13, IRIDIUM increased its sales by 58.8% thanks to the additional contribution of the A13, the financial close of SR-400, and a general positive performance across operating companies. Abertis, meanwhile, had a resilient operating performance. The contribution to NPAT was impacted by changes in the tax regulation of concessions in France and FX movements. On the next slide, we take a more detailed look at the Abertis numbers. Traffic has grown at 2.3%, supported by the strong performance of heavy vehicle traffic, and we saw strong results, particularly in Spain, Chile, Brazil, and France. On a like-for-like basis, the company delivers strong revenues growth of 6% and EBITDA growth of 7%, underpinned by the geographical diversification of the portfolio and inflation-linked tariffs. Regarding Abertis' portfolio development, as you know, Abertis acquired a 51.2% stake in the A63 toll road in France, which is now fully consolidated since the 1st of June. In Chile, Santiago Los Vilos is fully consolidated from the 1st of April. In Brazil, Abertis just signed Fluminense's new contract until 2047, strengthening Abertis' leadership in Brazil. The 21-year extension includes a tariff adjustment with minimal traffic risk and is expected to deliver EUR 110 million in EBITDA by 2030. Abertis has improved its liquidity and financial strength, with our net debt set at EUR 22.9 billion and ample group liquidity of EUR 7 billion. On slide 15, we show the breakdown of key figures per country for Abertis' portfolio. To finish up, let me briefly summarize this strong set of results and the key achievements of the group. We have delivered a strong operational performance with sales reaching EUR 36.8 billion, up 23.7% year-on-year, an ordinary net profit of EUR 585 million, up 19.5%, or 23.8% FX adjusted. Our cash generation remains robust, with last 12 months' operating cash flow of EUR 2 billion, up EUR 318 million, adjusting for factoring variations. Our order backlog stands at EUR 89.3 billion, up 12.6% FX adjusted, supported by EUR 43.9 billion in new orders. We remain optimistic about the future and confident in our ability to deliver on our strategy. The strong performance in the first nine months of the year, combined with our expectation of further acceleration in the last quarter, has led us to raise our ordinary net profit guidance for the year to EUR 220 million-EUR 255 million, an increase of up to 25% versus last year's figure compared to the previous top end of the guidance of up to 17% growth. Shortly, during the investor presentation, we'll provide a strategic recap of some of the key growth verticals driving our future, outline our investment priorities, and review capital allocation. Our major focus will be the booming data center sector, where we'll take a deep dive into our positioning as developers, investors, and contractors, highlighting recent wins, our global delivery capabilities, and how we are leveraging technology and partnerships to capture this unprecedented wave of demand. First, we welcome your questions on these third-quarter results. Thank you so much. If you're okay, let's move into the Q&A. We will start with the online questions. We have several regarding the recent transaction announced this morning with GIP, but I will just select the ones related to the business. There's Javier Carlos Pegat, which is asking about Turner revenues continue to grow rapidly driven data center, which is obvious, as you have shown. He asks about two questions. What is how long can you sustain this growth above the market? Probably you will increase the information in the data centers investors' day. What about the other segments' performance in the U.S.? How they are looking for the future and how they are looking right now in 2025? Okay, I mean, what we're seeing, first of all, I mean, Turner continues delivering outstanding performance and growing and has been outperforming the market, not just for the last three years, but has been consistently outperforming the market for several years. If we look specifically about the different sectors of Turner, putting aside for now the data center market, we have seen in the last nine months of the year growth in commercial around 5.1%, aviation around 16.3%. We've seen biopharma growing at an incredible 390% and data centers 140%, right, which is the big one. Now, we're also seeing a decrease in other sectors like hotels, which were decreasing like 11.7%, justice, which I think that we're decreasing 34.5%, even if it's not very material in our backlog, and healthcare, which has decreased like 51%, but we expect it to increase significantly because I think that the U.S. in healthcare from 2025 to 2030 is forecasting an increase of 44%, which is around 7.5% CAGR per year. I do think that that's going to reflect in Turner. The order intake in the last nine months has grown for Turner 25%, 16% revenues across all segments except data centers, and more than 150% in data centers. Now, let's talk a little bit about the market, and then we'll talk about Turner for the future, right? If we look at the market itself, there are a few areas where the U.S. is projecting forecasting growth, starting with education, where from 2025 to 2030, they believe can increase by 29%. That's like a 5% CAGR. Healthcare, as I said before, the 44%-45% increase, and that's the 7.5% CAGR. Aviation, 48%, and that's like 8% CAGR, and sports, 10%. Other ones like residential, offices, etc., they are going down. How can we translate that into Turner, right? Because this is the market, these are the figures. And I know that Turner has increased the guidance. It's looking at in euros at the 58% increase that we did announce a couple of weeks ago. In US dollars, at a 100%, that represents like $1.04 billion PBT for 2025, right? That if they reach the top end of the guidance announced, that's what it would mean at 100% in US dollars. For 2026, we're expecting up to 30% growth of the PBT and EBITDA. That shows the extreme growth that we're expecting at Turner, and most likely next year we'll be announcing what it means for the following years. We are not seeing any deceleration in data centers. We're not seeing any deceleration in the other sectors, and we are forecasting an outperformance of Turner in the years to come. The other thing that I would like to say is, in order to understand Turner performance or outperformance, we need to understand what is Turner, right? Because we can't speak anymore about data centers market or hospital, healthcare, aviation. It's not the same talking about commercial building in the small scale than the big ones. It's not the same talking about the complex projects that require multidisciplinary approaches with energy, with huge logistics, high-tech, civil, general building knowledge versus the small ones, right? In the area where Turner moves, the growth continues being strong. This is very important. Why Turner is able to capture most of that market? First, because of our presence globally in the U.S., 47 states, average of 20 offices per state, number one. Number two, the brand is able to bring plenty of talent and retain talent. The power of the Turner brand in the U.S. and international is very strong, and that's very important. Turner has extremely good logistics capability when it comes to supply chain, but also to potential manufacturing in critical elements for their clients. They have the power to continue transitioning into modular construction, and all of that creates a very strong brand that outperforms not only itself every year, but the market. We are extremely comfortable not just with Turner performance, but we are very, very confident in the performance that Turner will have in 2026 and after. There are another two questions online regarding market performance outside of the data centers and so on. One is, you have talked about the defense industry, which is expected to grow significantly in the coming years, especially in Europe, where the demanding of strong investment for the coming years is great. What is ACS's exposure to this segment and how do you see the growth potential in the coming years? We're going to spend a lot of time talking about the strategy afterwards, so I prefer not to spend a lot of time. Today, the Investor Day is mainly about data centers, but we're going to give a hint of how we're performing in the rest of the areas. Data center is the strategy that we've been very much focused on for three years, but there are other strategies, short-term, mid-term, and long-term, that we keep consolidating, right? That will be reflected in the years. Right now, you see the performance in 2025. You see a clear weight of data centers and digital infrastructure. You will be seeing more weight in addition to those moving forward as we move. One of them, obviously, is defense. In defense, right now, we have a backlog of around EUR 2.6 billion. We see strong growth everywhere, especially in Germany and around Germany. In Germany, as you know, there is an infrastructure fund allocation of EUR 500 billion plus EUR 300 billion. We start seeing allocation of that fund. As I said in my speech, EUR 127 billion for 2026 is already allocated versus EUR 74 billion in 2024, so there is a big increase. On top of that, there is still the allocation of the 3.5% versus GDP that Germany has announced. We start seeing names to the projects allocated into that increase. Not just we have increased or doubled the backlog in recent years of Germany, but we expect to be able to double very, very soon as well. That is one of the areas that we expect higher growth. We see a lot of defense activity going on right now in Australia. You saw the awards this year, and we're also seeing an increase in used infrastructure. I'm not going to expand more in defense because I will spend a little bit more time in a few minutes, but certainly we see a lot of growth in Germany defense and other sectors that I will explain very soon. A specific question about in Abertis, we have announced the new extension in Brazil, the Fluminense motorway. Can you give us some highlight of the impact of this extension in Abertis financial figures for the future? What is the strategic impact as well? I think I mentioned, right? Fluminense, which is an extension of 21 years of our previous concession, it will require EUR 500 million in CapEx for the first seven years, but it's going to give us around EUR 110 million additional EBITDA by 2030. More importantly, what Fluminense is giving us is EUR 4.4 billion EBITDA backlog moving forward. That is one of plenty of other concessions that we're renegotiating in Brazil. When you look at Abertis, and I think we've been touching on Abertis several times, what we see is that we've been increasing from 2018 to now EUR 2 billion EBITDA per year. More importantly, we've gone from a ratio of approximately 6.6 x net debt EBITDA to a 5.2x that we are currently. That is very significant. If you look in terms of EBITDA backlog versus net debt, the fear would be we have increased from 3.4 x in 2018 to 5.9x right now. How is this possible, right? Because we are not injecting equity. The Fluminense transaction in Brazil does not require equity, but neither do the rest of the renegotiations we are following in Brazil. We have incorporated Santiago Los Villos in Chile. We have increased as well the A63. We continue to increase the EBITDA. We are very, very confident in Abertis, and we are very, very confident that very soon we will be able, through M&A, through renegotiations, and through other operational efficiencies, to get to a point that we get back to the ratios of 9 FFO versus net debt versus the 13-14, and that will be a consequence of having a very robust Abertis, increasing the concessional life. Right now, we are at 12.5 versus the 8 that we were a few years ago. We continue to increase, but we are looking forward to increase significantly to have not just $600 million dividends per year, but to increase that over time on a perpetual basis. There are a few additional things that we need to work, but I'm very, very comfortable that we will be able to deliver good news in Abertis in the next year. Let's let the people attending, if they have any other question. Thank you, José Manuel Arroyas from Santander. I have two questions on disclosure, if I may. First one is on Abertis. Speaking of Fluminense, are you planning to increase the disclosure you provide today on a regular basis, asset by asset, I mean revenues, EBITDA, CapEx by total road operator? That would help us put value on extension of concessions going forward. The second question on disclosure, if you can share with us the value of the contingent orders that are not yet in Turner's backlog, but that may join the backlog soon, and by when that could be. Lastly, on asset disposals, could you provide an update on Clece and on the other assets held for sale? Thank you. Thank you, José Manuel. Let me start with Abertis. Yes, the short answer is yes. We started making some progress for the previous Capital Markets Day, not 100% there, but we'll continue increasing our level of disclosure in Abertis and in general through all our asset base. That is something that we continue working. The share value of continued orders, that's a very good question. One of the good things that we have right now is that we do have much more visibility towards what's coming. That's why we're able to forecast better our guidance, our projections, etc., versus the past. Why? Because as we enhance and we increase our high-tech value and engineering knowledge, procurement, management, etc., we are able to increase our backlog of collaborative EPCMs, etc. Those projects, as you rightly said, when they are awarded to us, we do not reflect in our backlog. Right now, there's like around $14 billion of projects at Turner not reflected in the work in hand and around EUR 7.5 billion at Dragados level. The Hochtief level could be around EUR 2 billion. The Asia-Pacific one, I would need to check, but could be around EUR 4 billion in backlog terms. That is the other good thing, is that they are low-risk contracts versus the design-build-lamsan projects that we used to have. When it comes to asset disposals, in the Capital Markets Day, April 2024, we announced EUR 2 billion-EUR 3 billion. Since then, what we have done is EUR 500 million of the derivatives operation that we did sign some time ago. There were EUR 500 million coming from the 288 as well. We are looking at additional, well, we have the data center platform that we are going to be talking significantly later today, so I do not need to go through it. We also have the VINCI settlement, and that is a little bit of everything because that covers plenty of things, EUR 380 million. We are following up in the industrial assets that we have for sale. When it comes to Clece, we're analyzing all the options, right, with Clece. We're still studying different possibilities. We continue in our process. The most important thing, although we continue with the investments, the most important message that you will see after is that with our net operating cash flow within the next five years, we're going to be able to accomplish our investment plans throughout the different assets, right? We rely less. In our Capital Markets Day, there was a reliance, an important reliance in demonetizing assets. We are not having that reliance anymore. Hello? Yeah, hi. Thanks for the presentation. I mean, we'll discuss more about Turner later, I guess. I'll focus just on the Q3 results. For Dragados, if I understood correctly, the Q3 results were pretty good in terms of revenue. Order intake instead was much lower than in H1, I mean, Q1 and Q2. Why? Do Do you see some weakness maybe because of the U.S. government shutdown or anything else going on there? Did that affect actually cash flow and working capital during the quarter? For Abertis, as you mentioned, like-for-like growth of 7% or 8% at the revenue and EBITDA level. Headline is flattish, so what explains that difference? You mentioned FX, but it's quite a large difference, I mean, 7%-8%. Still about Abertis, as you mentioned, things are improving. For instance, in Brazil, you reached this deal, which is good. It suggests more deals may come. It means you're dealing well with the government. Is there a possibility that maybe you dispose of Abertis in the next few years? The fourth and last question around lithium. You stressed the importance of lithium going forward. Can you explain to us a bit the revenue structure and the upside for ACS? Like how would you benefit if the lithium price goes up or volume goes up? Are the contracts like a fixed revenue, or is there upside for ACS? Thanks. Okay, thank you so much. Let me start with Dragados. No weakness. In fact, it's purely temporary. The good thing about Dragados is we're quite comfortable with the transition they've made from traditional design-build into the new projects. We're mainly collaborative. As I said before, Dragados has EUR 7.5 billion awarded, not in their books. The only thing we need to make sure is that Dragados secures that backlog. That will continue to increase because the pipeline is huge. There's a pipeline right now, addressable market in collaborative of more than EUR 11 billion in addressable just for Dragados. In the near term, we're not talking about pipeline in the years to come. It is purely temporary. We expect that to be unwound last quarter. Obviously, there's always an FX adjustment that is driving part of it. Subject to that, it would be increasing significantly from now to the end of the year. We expect a good result subject to FX adjustment. When it comes to Abertis, naturally the question is about EBITDA because EBITDA continues growing. The performance is very good. The only thing when you look at Abertis, how it converts into ACS numbers, you need to take a few things into account, right? The first thing is there's a clear change in perimeter. First, because the 288 is not anymore with us. Ruta del Pacifico is not anymore with us. However, A63 has come in. Santiago Los Villos is coming in. There is another effect for the France tax that we have to take into account. I think that it was EUR 17 million for this year. There is obviously an FX component. There is a PPA component. And there is a small effect in the increase of the average cost of debt for the hybrid bonds that they issue, right? All of that combined is what, when it comes to ACS, you see on a PVT basis the difference versus the underlying operational performance of Abertis, which in our opinion is being very good. However, from an ACS perspective, when it comes to Abertis, we are looking at dividends. We are not looking at PVT. We are looking at dividends. That is where we are focused, right? We are focused in increasing the dividend perpetual, not just EUR 600 million, but to follow and to grow in the following years. That's our main focus when it comes to Abertis. Are we analyzing a disposal, not at these states? At these states, what we want to make sure is we have a great Abertis that provides us with stable cash flows, solid performance, and stability and certainty of dividends for us, right? That's our number one priority. That's why, and you will look afterwards, not, I mean, we have two pillars in a strategy. The first one is making sure that our engineering construction business becomes solid, stable, certain, low-risk, and with significant growth, and having long-term stable EBITDAs through our assets, right? We don't want to move away from that strategy at these states. The other question was Brazil, yes, more transactions to come. And then lithium. We can speak about lithium, but it's more important to speak about critical metals in general, right? Because what is clear is that natural resources and critical metals are key in the future and is going to go through exponential growth. Obviously, there's going to be a lot of variations in prices of lithium, and we all know what the market says and the prospects. We know the price of nickel, vanadium, rare earth, copper, gold, uranium. There's plenty of indexes. When you look at all of them together, that's when we realize the potential of that market. As I said in my presentation, we are developing or executing more than 100 projects. Actually, if you take into account everything, right, prospects, engineering, construction, etc., there's more than 400 projects. We think Sedgman. Sedgman on its own as engineering or Sedgman with the rest of CIMIC, with Dragados, with Hochtief, with Flatiron, etc. Now, the question about the other thing, can we project a streamline of revenues out of that? When we look, let's get back to the example of data centers. The growth in data centers, and we will see very clearly in the presentation, comes from the growth of revenues associated with our projects and delivery of data centers and the growth of the assets, right? The same thing will apply to critical metals, but it's very early stage. Before the full boom on critical metals, we're going to see the boom in defense, for example. When it comes, there will be EPCM associated to the 400 projects I mentioned, and that will be driving revenues. Some of them will be driving equity opportunities. Today, we will give examples of what we're doing. We will give examples of the projects. Very, very, I mean, it will be just a very quick slide I'll show because today is not so much about it. I would like to show how we are positioning ourselves in the near future about that high growth area. Eventually, one of the ideas is to start as we evolve in those areas in the same way that we are going to take everyone through a data center strategy. We will be taking you to what we're doing in critical metals. We will be taking you to what we're doing in defense, what we're doing in nuclear, what we're doing in the rest of the areas, right? There will be specific Investor Days as we consolidate our position and we have predictability of cash flows and revenues. I think that was, well, thank you. We do not have more time. We can do the following after the data centers Investors Day. Continue with the P&A. Just five minutes break, please.