Ladies and gentlemen, thank you for standing by. I am Maria, your Chorus Call operator. Welcome, and thank you for joining the Titan Group conference call and live webcast to present and discuss the first half 2026 results. Please note, this call and presentation is intended for analysts and investors only. All participants will be in a listen-only mode, and the conference is being recorded. The presentation will be followed by a question and answer session. Should anyone need assistance during the conference call, you may signal an operator by pressing star and zero on your telephone. At this time, I would like to turn the conference over to Mr. Marcel Cobuz, Chair of the Group Executive Committee, and Mr. John Ioannou, Group CFO. Mr. Cobuz, you may now proceed. Thank you. Hello, everyone. Good to have you all here. I'm joined by John, our Group CFO, and by Spyros Kamizoulis, our Head of Investor Relations. We are reporting a very good set of results today. I would like, once again, to thank all our teams across all our markets for the strong contribution, which is marked by strong sales performance, continued margin expansion, and above all, a very accelerated integration of the recently made acquisitions. Sales were up by 6.9%, thanks to the overall increased volumes and improved pricing in most of our markets. Strong operational performance, cost-saving initiatives, John will go more into the details, which have offset higher energy costs and allowed for 40 basis points margin expansion. I think we will spend a bit of time in our Project Prime, which we announced at the last conference call, which is impacting positively our financials in the first half and will continue in the second half, in line with what we have announced at the time of the Investors Day of bringing to the bottom line EUR 100 million in cost savings related to efficiencies. The recently finalized acquisitions, I will remind everyone that we have announced three transactions completed in six months, have been now successfully integrated, and the results are consolidated in today's results. They have generated, for the first half already, an EBITDA of EUR 13 million, and we are well ahead our business case for a good contribution for the full year that we will also discuss later today. We are also presenting today an upgraded 2026 guidance, despite continued geopolitical uncertainty. We continue making good progress in the execution of our Forward 2029 strategy on all three pillars. 1st, on strengthening the core. I think here, the fast integration, the margin expansion, the inauguration of our silos in Egypt, which improve the export mix, are clear testimonials that's strengthening the core. Also in continue building our platform of alternative cementitious materials. A lot can be said here. A lot has been in the motion in the first half. 1st, in terms of securing additional sources of fly ash, slag in Serbia, in U.S., in Southeast Asia. 2nd, in doing already the engineering for an advanced technology center for alternative cementitious materials here in Patras. Also making good progress on the pre-engineering front for our calcined clay project in U.S. To be marked as well that our products with higher cementitious content have reached 35%, which is a record level for Titan in its overall portfolio. Building new platforms as well as embracing new technologies, we are making progress on our PRICA presence, both in Southeastern Europe but also through the normalization of our future products in the U.S. We do have a number of projects underway, and the pre-engineering phase continues for our carbon capture and storage project in Greece. We have made a number of transactions on the venture capital front, investing in two new startups which supplement well our research and development opportunities, and we have made good progress on digital. We are also announcing today, after the decision of the board, the launch of a new buyback program, which practically doubles the impact on the market. We are, again, well positioned for a second half, and therefore, we will present an upgraded 2026 guidance. Now I turn the mic to John, who will walk us through the key financials of the first half, including the regional coverage, and then I will finish with the outlook before turning to you for Q&A. John? Thank you, Marcel. Good morning and good afternoon from my side as well. Let me start with the key performance highlights of our first six months. The first half of 2026 was another strong period for Titan. Sales reached EUR 1.42 billion, up 6.9% year-on-year, supported by higher volumes across our core product categories and improved pricing across most of our markets. EBITDA increased by 8.7% to EUR 312 million, while EBITDA margin expanded by 40 basis points despite higher energy costs resulting from the geopolitical developments in the Middle East and one-off headwinds in our U.S. operations. Quarter two was a strong quarter, with sales reaching EUR 784 million, up 14% reported, and 9% on a like-for-like basis. EBITDA reached EUR 174 million, supported by both organic growth and contributions from our recent acquisitions. Adjusted net profit increased by 16% in the first half, demonstrating the operating leverage of our business model and the benefits from our self-help initiatives. Earnings per share reached EUR 2.06. Importantly, we completed all three strategic acquisitions during the last six months, and we are progressing rapidly with their integration. These acquisitions, as Marcel just stated, have already contributed EUR 13 million of EBITDA in the first half. Our balance sheet is strong. Net debt rose to EUR 877 million, reflecting approximately EUR 700 million invested in acquisitions. While leverage stands comfortably at 1.4 times EBITDA. Our liquidity remains robust. Additionally, we are terminating the current share buyback program, as Marcel stated, and we are starting a new one, doubling the size. Based on this strong first half performance and positive momentum entering the second half of 2026, we are upgrading our 2026 guidance and now expect high single-digit sales growth and over-proportional EBITDA growth with further margin expansion. Our sales in the second quarter increased to EUR 784 million, representing reported growth of 14% and like-for-like growth of 9%. This marks our 24th consecutive quarter of like-for-like sales growth, demonstrating the resilience of our diversified geographic footprint, our balanced exposure across end markets, and our disciplined commercial execution. For the first half, sales reached EUR 1.42 billion, up 7% both reported and on a like-for-like basis, and our growth was broad-based across the portfolio. We benefited from the strong infrastructure activity in Greece, the resilient demand in the United States despite softer residential construction, as well as the strong dynamics across Southeastern Europe, Egypt, and Turkey. Moving now to profitability. EBITDA reached EUR 174 million in second quarter, up 6% on a reported basis and 3% on a like-for-like. This was the first quarter that all three acquisitions started contributing to the group EBITDA results. EBITDA margins have been affected by an extended scheduled maintenance outage at our Pennsuco plant in Florida and by temporary input logistic challenges resulting from port disruptions in the Mediterranean, which led to substantial delays in our cement imports in the U.S. We expect those impacts to be one-off. The consolidation of our recent acquisitions is temporarily affecting the group margins. The margins of the acquired businesses are expected to improve progressively and ultimately exceed group levels as we fully capture the planned synergies and the businesses mature within our portfolio. For the first six months of the year, EBITDA reached EUR 312 million, up 9% both reported and on a like-for-like basis, while the EBITDA margin grew to 22%, a margin expansion of 40 basis points. The key message here is that our operating initiatives more than compensated the higher energy costs and inflationary pressures. Project Prime delivered approximately EUR 20 million of benefits during the first half, and we remain on track to exceed EUR 50 million of benefits for the full year. Integration synergies from Keystone, Traçim, and Vracs de l'Estuaire are progressing according to plan and are already contributing positively to our earnings. Looking at volumes. Cement volumes increased 7%, supported by strong infrastructure activity in Greece, resilient U.S. demand, improved conditions across Southeastern Europe, solid domestic demand in Egypt, coupled with the impact of the newly acquired entities. On a like-for-like basis, cement sales were at last year's levels following a strong June performance. Aggregates volumes increased 6%, benefiting from growth in both Greece and Florida, with the growth accelerated in the second quarter. Blocks volumes increased 9%, outperforming the underlying U.S. market. Ready-mix volumes have grown by 1% on a like-for-like basis, mainly demonstrating the resilience of our commercial positioning despite softer residential construction in the U.S. Alternative cementitious material volumes were temporarily affected by the temporary shutdown of our pozzolan facility for productivity and safety upgrades. Turning to cash flow generation now. Operating free cash flow reached EUR 192 million compared with EUR 170 million last year. This reflects strong earnings growth and disciplined working capital management. As expected, the major cash outflow during the period relates to acquisitions, reflecting the completion of the three strategic transactions announced previously, which resulted in an increase of our net debt by EUR 663 million. Despite this increase, though, our balance sheet remains one of Titan's key strengths. Net debt stands at EUR 877 million at the end of June, and our leverage ratio is at 1.4x EBITDA. While leverage ratio increased following the acquisitions, it remains at very comfortable levels and significantly below our financial capacity. Looking at our debt maturity profile on the right-hand side, you will see that more than 75% of our debt carries a long-term maturity profile and at fixed interest rates, providing protection against volatility in interest rate markets. We continue to maintain substantial liquidity and financial flexibility to support both growth investments and shareholder returns. Our capital expenditure reached EUR 160 million in the first half and remains focused on projects that support growth, efficiency, and sustainability, with the majority of the CapEx directed in the U.S. operations. Key investment projects are listed on the right-hand side of the page and include fly ash beneficiation projects, quarry expansions, data center-related ready-mix capacity, kiln upgrades, new block plants, to name a few. For the full year, we continue to expect CapEx of EUR 300 million-EUR 350 million, with the majority directed towards growth and strategic investments. Let me turn now to the market performance, starting with the U.S. In the United States, performance remained resilient despite a mixed market backdrop. Sales increased 3% on a like-for-like basis, supported by strong demand from infrastructure, commercial construction, and data center projects. The Mid-Atlantic region delivered particularly strong performance, while Florida benefited from infrastructure and private non-residential activity, as well as volume growth in aggregates and blocks. EBITDA margins were affected by two temporary factors, as mentioned before, an extended plant outage and import disruptions linked to the conflict involving Iran. Despite these headwinds, margins remained strong and Keystone integration is progressing ahead of plan. In Greece, growth momentum continues as infrastructure projects, commercial construction, and residential developments support strong demand. Sales increased 11% on a like-for-like basis to EUR 310 million, while EBITDA increased by 28% to EUR 54 million. The integration of Brax and Lhoist is progressing well and is strengthening our commercial platform in Western Europe. Southeastern Europe continued to deliver highly attractive returns, and this region is reporting the highest margins for the group. Sales increased by 7% to EUR 211 million and EBITDA increased by 4% to EUR 69 million, despite higher fuel and raw materials cost. Regional demand remained resilient across the region, and all countries reported improved sales trends during the second quarter. We also launched new lower clinker, high-performance cement products, supporting both sustainability and profitability objectives. In East Med region, as the integration of Traçim in Turkey is progressing very successfully and already delivering strong results, East Med was the strongest performing region during the first half of the year. Sales increased by 25% to EUR 151 million, while EBITDA increased by 77% to EUR 41 million, and the EBITDA margin expanded significantly to 27%. Strong pricing in both Egypt and Turkey drove a highly favorable price-cost spread. In Egypt, we completed the first cement shipment to the United States, leveraging a new export infrastructure at Alexandria. Lastly, Brazil, which as a reminder, we do consolidate on an equity basis, also delivered an excellent performance during the first half of the year. Domestic cement consumption in the region where we operate increased faster than the national average, driven by strong housing needs and infrastructure projects. Sales increased by 23%, while EBITDA increased by 85%, driven by pricing discipline and strong production efficiencies. This completes my presentation. I will now pass the mic to Marcel to give us the full year outlook for 2027. Thank you, John. Our guidance for 2026 is at the same time reflecting a strong first half performance. This time, we are confirming to you that we have now consolidated, and we are well advanced in the integration of the newly acquired businesses as synergies are also kicking off strongly. We also have a positive momentum for H2, that witnessed by the quality of the order books. Therefore, we aim at high single-digit sales growth, as we expect good volumes in the second half. Over proportional EBITDA growth, that means margin expansion, and that's the result of contribution both from the organic growth as well as the acquisitions. Mentioning about the acquisitions, considering the impact on the bottom line as well as thanks to the early synergies, the contribution is expected to be in the range of EUR 45 million-EUR 50 million EBITDA. That's a combination of network synergies in some of the cases, of course, reliability, storage, capacity expansion, but also efficiencies related also to increased use of alternative fuels, energy mix, but also procurement savings. A lot in that bucket. When it comes to capital expenditures, that's again a strong year where we will continue allocating, in a disciplined way, capital for investments in recently acquired assets, that to support the synergies, but also in strategic investment projects and growth, particularly in alternative fuel usage, energy mix improvement, but also aggregates improvements, and quality of our export mix. I think John mentioned already that our Project Prime is in full contribution with our self-help cost initiatives well in line to contribute at least EUR 50 million of benefit in 2026, after the EUR 20 million already delivered in first half 2026. That's our guidance for the outlook of the year, which again, is built on a strong H1 performance, a positive momentum into H2, and an accelerated pace of integrating the newly acquired businesses. Spyros, I think we open it up for questions. Operator. Thank you. Thank you. The first question is from the line of Ephrem Ravi with Citi. Please go ahead. Thank you. Both my questions are on the U.S. business. Firstly, in terms of the decline that we saw, obviously there was the plant outage, and import disruptions that impacted margins. We've been hearing from other players that the pricing was also much weaker than expected. Can you kind of confirm if you have seen any pricing pressure in your core markets of Florida and North Carolina? Was all the year-over-year delta basically due to the outage and import disruptions? If you can kind of somehow split that out of the performance in terms of impact in terms of million dollars. Secondly, on the Keystone integrating synergies, it was obviously an underperforming plant when you bought it. What is your expectation of what you could get from that plant on an annualized EBITDA basis, post synergies, in let's say, three years? Thank you, Ephrem, for your questions. You're right to point out that the plant outage and some disruption on the imports, without this effect, we would have seen a very nice margin expansion in our U.S. business. Plant outage is something which we planned. We do once a decade. It's not a longer one. It's a complicated one. We had five more days of outage there, it's behind us, we are starting very strongly for the quarter three. The disruptions related to the cement imports, Algeria is exporting a lot of grains. That has produced a lot of congestion in the ports and it has impacted the cement shipments to our operations. As a reminder, we do import about 1/3 of our volumes. That has occasioned local purchase of raw materials, that we have handled without any disruption on the customer experience and in the market. The overall impact of that is probably around $7 million or EUR 6 million. That would have impacted positively our bottom line and margins. The pricing dynamics are there. We are much more confident on Mid-Atlantic, where we see segments which are displaying nice growth perspective. There probably the pricing dynamics will occasion that in quarter three and quarter four, we will come with better news to you in terms of pricing. To your 2nd question on Keystone, again, super positive. We have integration teams running at full speed. In between network synergies, the increased reliability, the early investments for rebricking the kiln, which will also improve the reliability on this immediate quarter, but also the preparation of investments for further capacity expansion. I think that will occasion synergies in around EUR 20 million on a full run rate, which one should add to the result that we have announced at the time of the acquisition of EUR 10 million. One should expect an EBITDA impact of at least EUR 30 million by year three. Thank you. The next question is from the line of Wim Hoste with KBC Securities. Please go ahead. Yes, thank you, and good afternoon. I have two questions, please. 1st would be on the East Mediterranean zone. The EBITDA margins progressed very nicely from 19% to 27%. Can you maybe break that down a little bit between the trends in Egypt and Turkey? Then on Egypt, I'm interested in the growth trajectory going forward. You started exporting to the U.S., can you maybe outline a little bit what the plans are and the speed of further growth in that market you expect from both domestic growth and export growth? Then a 2nd question, we touched already upon pricing in the U.S. market, but I'm wondering if you can also elaborate a little bit on pricing in the other markets in light of maybe a general inflationary context, given the Middle East conflict. Can you maybe also elaborate a little bit on that? That would be helpful. Thank you. If you want to comment on the first one, John? Yeah. On East Med, our margins grew very nicely from 19%- 20%, 27%. This is primarily driven by the introduction of Traçim. We came with an accretive EBITDA margin to the group. The first year is approximately 30%, and that really is impacting the overall margins of the region. It also helps the fact that we've implemented a lot of our Project Prime initiatives there, cost initiatives, and other self-help measures that drove the cost down and improved the profitability versus prior year. In terms of, what was your other question on the East Med? It was about. I think it was about the preparation of this job. Growth in Egypt. Growth in Egypt. I think we have been very satisfied with the first half. We do see, in Egypt, in the second half, a good display of growth drivers, as this is underpinned by the IMF-backed reforms. A lot of infrastructure, energy, logistics, particularly in the power sector, for which we are well-positioned with both of our plants. While we continue also exporting at a good rate from Egypt, we have also had the first, with the inauguration of our cement silos in Alexandria, we had our first exports towards U.S., and that will continue at a rate which will improve up to 300,000 tons exports, internal flows with our U.S. operations. I think, on the mid-term, as we have announced at the time of the acquisition on Traçim, we are also looking at the opportunity of building a second line in Traçim, a project which we will come back and report more towards the end of the year, which will position all our internal flows being primarily covered by Egypt and Turkey on the mid-term. Mr. Hoste, are you done with your questions? On the pricing and input cost inflation for the non-U.S. business, if you can quickly elaborate on that as well. I think we had a very good first half on pricing over cost in most of our markets, non-U.S., more specifically in Greece and Southeastern region. I think, overall, you had a positive price over cost with more than 2% in Southeastern region and a very good one at high single digits in Greece region, with a strong contribution of our ready-mix and aggregates as well, so not only in cement. While in East Med, as we said, the adjustment of prices is done almost on a monthly basis, and there we had double-digit price increase on the domestic for both Egypt and Turkey, and double-digit price increase also for the exports in the neighboring countries. Okay. Very clear. Overall, very positive pricing environment in all these markets. Okay. Very clear. Thank you very much. The next question is from the line of Iakovos Kourtesis with Piraeus Securities. Please go ahead. Yes, good afternoon. My main question has to do with if you have on your back of your mind any potential benefits or additional exports for Titan, assuming that we will have a normalization of geopolitical uncertainties at the moment, so end of war in Middle East and Ukraine. I believe that geographically, you are very well-placed in order to exploit potential opportunities from this. How should we think about this going forward? Thank you for your question. I think our operations in Egypt are very well-placed to supply not only domestically and increasing volumes and growth drivers, which are in display in Egypt, particularly in infrastructure projects. Also, there are very nice projects on the Mediterranean Coast in northeast part of Egypt. Also, the reconstruction of the markets around Egypt, particularly those which have been part of multi-year conflicts like Syria or Gaza. Currently, we are already exporting towards this market. I think on a midterm basis, we will be looking at opportunities of exports from Turkey towards Ukraine. Currently, we are not exporting. However, we have, I would say, a strong experience already within Traçim, in supplying the neighboring market, and as I already mentioned, the plant is very well positioned both for land and seaborne trading, and we will have a dedicated line which will supply our U.S. operations. Thank you very much. Ladies and gentlemen, there are no further questions at this time. We will now turn over the conference to Mr. Cobuz for any closing comments. Thank you. Thank you. Thank you, operator. Thank you all for being with us. I would like to come back to the Keystone synergies, mention once again that we remain very optimistic about the kickoff of those synergies, the pace of the integration, and we expect an annual run rate of more than EUR 35 million from that business alone. Overall, we are very positive with the set of results we have published today and also the positive momentum into H2, given also the strong order book. Therefore, we are confident that the 2026 guidance takes into account all these dynamics, both in sales, in our self-help, particularly geared into cost savings, and supported, of course, by a very good balanced contribution from organic growth and acquisitions. Therefore, we will continue with our accelerated capital expenditure plan, which is in line with our strategic objectives of achieving return on capital employed on the long term of between 15%-17%. We like to over-deliver on things. Thank you all for being with us, and we will see you again on November 5, when we will publish the results of quarter three. Thank you, and have a good summer for those going to vacation. Ladies and gentlemen, the conference is now concluded, and you may disconnect your telephone. Thank you for calling, and have a good afternoon.