Good day, ladies and gentlemen, and welcome to FD Technologies FY25 results. At this time, all participants are in listen-only mode. After the presentation, we will conduct a Q&A session. If you wish to ask a question, you may do so either through the Zoom webinar link provided separately or by submitting written questions using the Ask a Question button on the Spark Live webcast page. If you have joined us via Zoom webinar, please note this call is being live-streamed to a webcast for a wider audience and will be recorded. During the Q&A elements of this morning's call, if you wish to ask a question, we ask that you please use the raise hand function at the bottom of your Zoom screen. If you already have a question, please do this now, ready for when the Q&A begins. I would now like to hand over to Seamus Keating, Chief Executive Officer, to open the presentation. Thank you, Operator, and good morning, everyone. Thank you for joining us today. I'll start by running through the highlights, then Ryan will take you through the results in detail, and we'll also have Ashok available on the call during the Q&A session. This was a successful result for FY2025, delivering against our financial and strategic goals. Top-line momentum is building, and profitability is improving, as evidenced by the substantial increase in bookings, ARR, and cash EBITDA. Strategically, our challenge at the start of FY2025 was to separate the group's three businesses and reposition as KX, a high-growth software business. We achieved this, and today, having divested MRP and First Derivative, we have repaid all of our debt and returned GBP 120 million to shareholders through the tender offer in January, and we've closed the year with a strong balance sheet. On the 8th of May, the board unanimously recommended TA's cash offer for the business, which values FD Technologies at GBP 24.50 per share or GBP 570 million in total. Thus, our strategic repositioning during the year has unlocked significant shareholder value. Understandably, we cannot answer questions about the offer today. If you would like more information, please consult the documentation available on our investor website. We delivered strong execution that yielded results ahead of expectation during a year of significant change and transition for FD Technologies. Our strategic investments are paying off, accelerating customer deployment of our technology, improving their time to value, enhancing ease of use, and boosting sales productivity. As our market continues to expand, driven by innovations in AI-powered research, anomaly detection, and predictive analytics, we are well positioned for continued growth. We can leverage our significant competitive advantages because our technology seamlessly manages diverse high-volume, high-frequency, real-time, and historical data. We are positioned at the forefront of our industry. Consequently, we can deliver unmatched value and insights to our customers. We're especially excited about the growing opportunities in aerospace, defense, and industrial IoT, where we've been building good momentum, in addition to a strong performance in financial services. At this stage, I'd like to hand over to Ryan Preston, our Group CFO, to take you through the detailed financial results. Thank you, Seamus. In full year 2025, we performed strongly on our key financial metrics. Continuing operations at KX generated an additional GBP 18 million in annual contract value, representing a 33% year-over-year increase. At the end of the period, annual recurring revenue was GBP 81.8 million, representing 13% year-over-year growth. The cash EBITDA loss was GBP 14.6 million compared with GBP 18.8 million a year ago. This result exceeded expectations and our guidance, which was for a similar outcome to full year 2024. The better-than-expected performance reflects our focus on efficient growth. The strong growth in full year 2025 ACV bookings provides confidence in achieving our growth targets for the current fiscal year. Revenue growth drivers included an 11% increase in recurring license revenues to GBP 76 million, partially offset by a reduction in service revenues to GBP 3.8 million, which were down 60%. The decline in services aligns with our strategy to focus on software revenue, which reflects increased ease of adopting our software, resulting in a reduced need for implementation services. Allied to this, the gross margin improved due to the reduction in lower-margin services and a higher proportion of software in the mix. You'll recall that our software revenue typically has a margin of around 90%. We saw an encouraging improvement in our magic number, which we use to track our sales efficiency. The magic number is measured as the increase in annual recurring revenue generated through sales and marketing spend in the year, and we expect further improvement in the current fiscal year. The cash EBITDA loss improved by 22%, a better result than we had anticipated in our guidance, reflecting our focus on efficient growth. We are making progress to improve our cash EBITDA margins, driven by an increased gross margin and gaining operating leverage on R&D spend. G&A spend increased year-on-year as KX incurred costs previously shared with First Derivative post-implement, post-completion of the divestment. We will continue to review G&A spend in the current fiscal year to align it to the needs of the KX business. The chart on the right shows the continued improvement of cash EBITDA and demonstrates the progress we are making on the path to a positive cash EBITDA. On this slide, we show the revenue breakdown with recurring subscription software now the majority of our revenue. ARR increased by 13% to GBP 81.8 million, while our net retention rate was 108%, slightly down on the 110% achieved in full year 2024. Our NRR calculation now aligns with industry standards using gross retention plus net expansion for accurate comparison. After churn, we achieved a gross retention rate of 89%. The increased churn was primarily due to an expected higher churn rate in the second half of the year, as previously flagged. The high recurring revenues and strong retention rates provide us with good visibility into future revenues. This chart shows the key movements in cash flow for the year, reconciling the opening and closing net debt and net cash positions. The key events were the investment of First Derivative for an enterprise value of GBP 230 million and the subsequent return of excess cash to shareholders via the tender offer, whereby we returned GBP 121 million by repurchasing 6.2 million shares at GBP 19.50 per share. We also eliminated group debt and closed the year with just over GBP 55 million in cash. As discussed, the strong ACV bookings growth we achieved in full year 2025 is a solid foundation for the current fiscal year. In full year 2026, we will maintain our previous guidance for ARR growth of at least 20% and continue to target positive cash EBITDA in full year 2027. Now I'd like to hand back the call to Seamus for summary remarks. Thank you, Ryan. We're pleased with today's results showing good execution during a period of significant transformation for the group. Through repositioning the group, we've delivered significant shareholder value. KX is well positioned in its markets as a significant opportunity to extend its technology leadership position. As previously announced, the board has unanimously recommended TA's offer to acquire FD Technologies at GBP 24.50 per share. We understand that we can't take questions about the offer for the company today, but you can find all the available information via the link provided here. With that, Operator, we're now happy to open the call up to any questions. We will now begin the webinar question and answer session. If you are participating in verbal questions, please use the raise hand feature in the Zoom webinar at the bottom of your screen to ask a question. If you have dialed in by phone, please press star nine to raise your hand and star six to unmute. If you would like a written question and are watching via Spark Live, please use the ask a question button. We will allow a moment for the queue to form. There are no further questions on the webinar. I will now hand back to management. Great. Thank you. Obviously, everything was very clear in the presentation. Thank you for attending today, and have a great day. Thank you for joining today's call. We are no longer live. Have a nice day.