Hello, everyone, welcome to our full year 2025 financial results update. Likewise, previous quarters, I'm joined by our CFO, Pavel, and we will present you the business and financial update. We will be waiting you at our scheduled conference call later today at 4:00 P.M. Athens time to take your questions. To begin with, let me offer a broad summary of our accomplishments in 2025 before Pavel delves into the financial details. Overall, 2025 was a successful year in which OPAP achieved record-breaking GGR of EUR 2.4 billion on the back of robust Joker performance, which was boosted by Giga Jackpot prizes and favorable rollovers and the iGaming outperformance. VLT showcased strong growth on the back of higher customers engagement, benefiting also from the ongoing terminal upgrades. Furthermore, the steadfast implementation of our strategy resulted in an impressive full year 2025 recurring EBITDA of EUR 837 million, marking the highest level since privatization. This achievement was paired with a strong EBITDA margin of 35% alongside significantly low leverage. Moreover, 2025 was yet another year in which OPAP rewarded shareholders generously with total distributions within the year amounting to EUR 1.30 per share. Going forward and post completion of the business combination of OPAP and Allwyn, shareholders of Allwyn will receive EUR 0.80 per share from the combined company. Now, let me present you some key highlights on the operational front. First and foremost, everyone at OPAP is thrilled about the exceptional year that Joker has had, which highlights the effectiveness of the game's revamped structure. This new approach not only increases jackpot sizes, but also encourages more participation and excitement, leading to higher engagement and attracting a broader base of new customers. Powerspin reached new highs, achieving elevated engagement through upgraded features and initiatives contributing to the solid performance of sports betting, while Scratch continued its growing path on the back of product enhancements and successful commercial initiatives. We are also very pleased with the growth of online, which stands as one of OPAP's most important strategic pillars and a key driver of our growth. GGR contribution of online reached a solid 32%, while opaponline.gr, our iLottery platform, experienced a strong +24% year-over-year growth. With that, I'm handing over to Pavel, that will guide you through our financials. Thank you, Jan, and hello to everyone. Before we dive into the results, I would like to briefly comment on the prevailing market and economic landscape. The Greek economy delivered strong GDP growth in 2025, outpacing Euro area average growth due to high investment levels, declining unemployment and robust private consumption. Also, in 2026, the economy is expected to receive tailwinds from prudent fiscal policy and strong tourism demand. Moreover, ongoing debt reduction through early debt repayments and solid primary surplus is expected to further improve the country's credit worthiness and increase confidence in the economy. However, geopolitical risks also due to latest developments and tension together with global trade disputes, may pose challenges to future growth. Turning now to our Q4 2025 facts and figures. GGR increased to record high levels of EUR 652 million, up by 0.6% year-on-year due to healthy growth in retail that was mainly driven by Powerspin and VLTs, while iGaming aided online performance. EBITDA for Q4 2025 recorded a 13.5% year-on-year decrease or - 7% on a recurring basis, reaching EUR 212 million due to higher operating expenses. Net profit came in at EUR 122 million, marking a 16.2% year-on-year decrease or minus 7.5% on a recurring basis, also affected by increased financial expenses. Moving forward to our full year 2025 figures. GGR reached EUR 2.4 billion, showcasing a strong increase of 4.9% compared to the previous year. This growth was mostly driven by excellent online performance and strong growth in retail. Gross profit from gaming operations saw a yearly increase of 5.1%, outpacing top-line growth. EBITDA decreased slightly by 0.9% year-on-year or increased by 1.1% on a like-for-like basis. Moreover, net profit decreased by 0.5% year-on-year or an increase of +0.9% on a recurring basis, bolstered by healthy margins. Last but not least, while we are not officially providing any outlook for Greek operations, we expect 2026 to be another year of great success, entering the new era of the company with good prospects. Moving on to the next slide, it is evident that both our revenue and profitability are experiencing significant growth with positive trends visible across all key performance indicators. In this slide, I will analyze Q4 performance of each of our segments. Numerical lotteries decreased by 2.6% year-on-year, mostly due to the tough comps from Joker Jackpot rollovers in Q4 2024 that led to January 2025 Giga Jackpot, while solid Kino performance provided strong support. Betting dropped by 4.9% year-on-year, reflecting customer-friendly results during the period, partly offset by robust growth in Powerspin. Realties came in higher by 9.2%, benefiting from ongoing terminal upgrades and CRM engagement. Instant and passives decreased by 4.9% year-on-year, with Scratch raising by 7.5%, aided by commercial initiatives. iGaming recorded another quarter of significant growth and rose by 16.2% year-on-year with our strong casino offering capitalizing on increased demand from players. Commenting now on the cost side, increased GGR resulted to higher revenue-related costs, while OpEx was higher on the back of elevated operational activity. On the specific elements, payroll expense increased by 14.4% year-on-year, reflecting increased headcount to support new digital agendas. While marketing expense increased by 9.8% year-on-year, other OpEx was higher by 45.4% or by 3.3% year-on-year, excluding one-off items in both years. In the next slide regarding our profitability, full year 2025 recurring EBITDA amounted to EUR 837 million, with solid revenue underpinning both channels alongside with margin of approximately 35%. Recurring net profit for full year 25 rose to EUR 496 million, maintaining a margin at around 21%. To wrap up the first part of my presentation, I want to highlight the strength of our cash position. OPAP consistently transforms its operational success into cash flow. Coupled with minimal capital expenditure needs and an exceptionally low leverage demonstrated by our net debt to EBITDA ratio of 0.2 times, this results in a solid cash reserve of EUR 767 million at the end of 2025. With that, I'll pass you back to Jan. Thank you, Pavel. Now please allow me to provide you with an update on our business and operational developments. Moving on to some of the latest developments on our business, according to our strategy, we are constantly committed to fostering innovation, continually discovering fresh ways to enhance our customers' gaming experiences and exceed their expectations. Leveraging the power of digital technology is central to our approach, and we consistently advance our digital capabilities to uphold our position as leaders in the industry. First of all, Instant Win, the first proof point that as Allwyn, we bring more, designed to offer surprise instant wins to our customers across channels, was recently launched. 50,000 players enjoy instant winnings with cumulative rewards of EUR 3 million, while lucky winners will also have the chance to attend exclusive events with special draws. Next to our online operations, in sports betting, we introduced a new matrix template for basketball markets, displaying player stats such as points, assists, rebounds, three-pointers, et cetera, that resulted in a 10% increase in player market turnover, a feature directly focusing on basketball, a game with constantly increasing attractivity in sports betting vertical. In addition, opaponline.gr was enriched with Christmas Mission Calendar, a gamified calendar with daily personalized and tiered challenges, as well as upsell missions, driving 35% participation among OPAP active players. Now on the retail front, Scratch Christmas gifting was introduced, leveraging the festive and emotional spirit of the season with new Scratch surprise gift, offering prizes of up to EUR 100,000 and contributing 14% of respective period revenues. Moreover, one more step in our digitalization journey, the new Play app is here, creating an intuitive experience with faster registration, personalized rewards, and a more dynamic content space with more than 31,000 registrations so far. We are deeply committed to innovation, enthusiastically paving the way for the future of gaming with passion and drive for excellence. Moving forward with our regular retail estate update, we continue to invest in the development of our stores network, which stands as the largest commercial network in Greece. With key focus on providing enhanced digital experiences, we leverage state-of-the-art technology, mobile solutions, and sophisticated audiovisual systems, elevating customer experience and equipping our partners with the vital resources they need to thrive. We are planning further major enhancements to several technological features in our stores, both OPAP and Play, over the next few years. In addition, our network will be overhauled throughout the year due to the rebranding process that has already begun. Already, 12 of stores have been rebranded to Allwyn new brand, a process that is expected to be concluded by the end of next year. These upgrades will lead to more advanced digital gaming entertainment experiences for our customers. Let's not forget that in order to foster lasting memories and strengthen customers' involvement, we organize exclusive events throughout our network in Greece, offering players opportunities to have fun and win unique prizes. Moving on to the VLTs vertical. In the last quarter of 2025, revenues increased by 9.2% year-over-year, reaching EUR 103 million, with almost 270 exciting games available to our players, including seven new additions. The annual spending per player stood at a strong EUR 1,200, growing by 12% year-over-year. Visits per player in 2025 increased by 12%, now standing at 43 times, indicating that players are enjoying their experiences even more. Our commitment to innovation is reflected in the ongoing upgrade of our VLT fleet, which now features state-of-the-art equipment and exciting new games. We have updated almost 17,000 cabinets, further enriching player experience. Let's move to online channel. Online posted solid growth, contributing to almost 1/3 of total group revenues. iGaming in specific increased by 17% year-over-year, delivering yet another year of robust performance, while betting was negatively impacted by the customer-friendly sports results and came in lower by 3%. Last but not least, online lottery GGR surged by 24% year-over-year, powered by the popularity of our iLottery platform and the success of our promotional efforts. We are proud of OPAP's Wishing Ornaments activation during Christmas period, celebrating this year the 12th year of this cherished tradition. More importantly, in 2025, Wishing Ornaments achieved the most powerful impact today. With every wish fulfilled, OPAP doubled the magic by granting another one, ensuring that even more smiles light up in Christmas. This upgrade elevated the program into a nationwide act of collective generosity, proving how a simple action can create twice the joy and twice the change. As you all know, OPAP has rebranded to Allwyn since January 19, marking the beginning of a new era, the era of Allwyn. Following this, all OPAP assets were or will gradually be rebranded to Allwyn. Firstly, our digital propositions, with allwyn.gr converting to a transactional website for our iLottery proposition, providing through at the same time all the information that OPAP GR website used to have. The first batch of our stores has already been dressed with the new brand, and we anticipate completing the full rebranding of our network by 2027. Several of our sponsorship-related assets have been switched, with the most significant upgrade being the Allwyn Arena. We are all extremely excited about these developments and, most importantly, with what is coming next for our customers. To sum up, our strategy going forward combines growth, discipline, technology, and responsibility, positioning us to deliver resilient performance today and long-term value for our investors tomorrow. Thank you. That's all from my side. Since this is the last time that we are reporting financial results as OPAP, I would like to thank you for the collaboration and open communication all the previous years. We will now stay in touch as part of the Allwyn group now that the combination is concluding. With that, I'm passing on to Pavel for closing our presentation with an update on the combination part. Thank you very much. Thank you, Jan. Having concluded the hive down of OPAP S.A. operations to new subsidiary just last week, the imminent next step of the transaction is re-domiciliation of OPAP holding company to Luxembourg. Shortly afterwards, Allwyn will contribute its assets in exchange for new shares. These steps are expected to conclude within March. Following this, the cash exit rate of EUR 19.04 per share will be paid to dissenting shareholders within one month after re-domiciliation to Luxembourg. Our shareholders will receive the special distribution of EUR 0.80 per share. Finally, the transaction is expected to be completed within Q2, with the final step being re-domiciliation from Luxembourg to Switzerland. As we conclude today's call and move towards the final steps of our business combination with Allwyn, I want to reaffirm our commitment to the investment community that has supported OPAP until now. The investor relations team in Athens has been crucial element of company communications, and their expertise and deep-rooted relationships have been vital for OPAP's trust from the investment community. A cornerstone of the company strategy will continue to be transparency and accessibility, also following the business combination with Allwyn. To that end, I am pleased to confirm that our IR team in Athens will continue to provide the high-quality support to which you were used to. While we are expanding the geographic horizons, your points of contact in Greece remain unchanged. To better serve the new global footprint, our Athens-based colleagues will be fully integrated into a larger unified IR team, working in daily collaboration with IR colleagues and management in Allwyn head office. This collaborative structure ensures that whether your inquiries are local or international, you will benefit from a broader pool of expertise and global coverage. We are proud that the combined entity retains its primary listing on the Athens Stock Exchange, remaining one of the central pillars of the Greek capital market. We look forward to this new chapter as the second-largest listed lottery and gaming operator globally. With that, I am closing the presentation, and also from my side, I would like to thank you all for your support and collaboration. We will be looking forward to seeing you in our regular conference call later today at 4:00 P.M. Athens time.
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