Good morning, everyone. I am Ole Falk Hansen, the CEO of Nekkar. Welcome to the presentation of our 3rd quarter results for 2026. Nekkar is a long-term industrial company builder focused on ocean-based technology companies. The Nekkar Group consists of 5 operating companies, and Fisk is now 100% owned and consolidated from the 3rd quarter this year. The Nekkar operating companies are exposed to 4 main end markets, with defence and maritime being the largest. The target market revenue mix is also fairly balanced across these 4 end markets, providing a good diversification. Let me take you through the highlights of the 3rd quarter. It was a pleasure to yesterday announce the award of the largest contract in history for Syncolift. Due to ongoing work with the customer, I'm not able to disclose neither the counterparty nor the exact size, but it is with a US-based customer, and we have defined the contract as substantial, meaning it's above 800 million NOK. Work will commence immediately, with delivery scheduled for 2028. This will positively impact our coming quarter results, and we remain positive on further order intake in the coming quarters. More on this later on. Moving on, GlobeTech consolidated its SATCO acquisition from 1st of August. Including SATCO, GlobeTech revenue grew 40% year on year. to 32 million NOK in the quarter. In IntelliLift, 2 further SmartConnect contracts were signed in the quarter, bringing the total to 4. For the financials, revenue came in at 175 million NOK against 124 million in the same quarter last year. EBITDA was 11 million NOK, up from 3 million NOK a year ago, giving a margin of roughly 6%. Net profit was NOK -3 million against NOK -5 million in the 3rd quarter of 2025. Cash flow from business was positive with 37 million NOK in the quarter, ending cash at 176 million in addition to our treasury shares with a cost price of around 1 NOK. 3rd quarter revenue of 175 million NOK is up from 129 million in the 2nd quarter, mainly because Fisk is consolidated from July. The quarter had very low Synkolift project revenue. The EBITDA margin of 11 million NOK gives a margin of just above 6%, which is up from 3.6% in the 2nd quarter. 69 million NOK. Order intake in the quarter was close to 100 million NOK. However, Q4 has started extremely strong with the recently announced Synkolift contract, making the most of the quarter-to-date order intake, which is currently at around 950 million NOK. The order backlog going out of the quarter was about 1,100 million NOK and is today of around 2 billion NOK. Moving on to Synkolift. Order intake in the quarter was only 30 million NOK, all from aftermarket business. There were no new, newbuild awards in the quarter. However, yesterday we signed the largest contract in Synkolift history, which I will get back to on the next slide. Tendering activity remains high across both defence and commercial segments. And defence makes up the largest share of what we are bidding on, or around 2/3 of the tender pipeline. 3rd quarter revenue was only 39 million NOK against 58 million in the same quarter last year. New projects signed earlier this year are still in the startup phase. And also some aftermarket business were moved to later periods. The EBITDA was around 0 million NOK due to the low revenue. Execution on ongoing new-build and upgrade projects is according to plan, and the projects awarded in the 2nd quarter are now in the engineering phase. Aftermarket activity was somewhat lower in the quarter, as some spare parts and inspection deliveries were shifted to later periods. So, as you know, after quarter end, Synkrolift was awarded a contract by a US-based customer for the design and supply of what is the world's largest Siplift to be delivered. The contract value is undisclosed, but is labeled as a substantial contract, which for Synkrolift is defined as above 800 million NOK, and it's the largest contract in the company's history. Work will start immediately with delivery scheduled for 2028 and onwards. The award confirms that our technology and track record are competitive, and it strengthens our position as a leading supplier of Siplift and transfer systems to both naval and commercial shipyards worldwide, including the US. It's also a great validation of our competitiveness in the US market. Further details about the project will be announced soon in agreement with our customer on this project. The Synchrolift order backlog stands at 633 million NOK at the end of September, and the US contract comes on top of this and will be included in the 4th quarter order intake. Tender activity in the Newbuild and Upgrade segment remains high. The total pipeline of tenders is around 8 billion NOK. With the booking this week, we have made significant progress in this year's booking, and we expect only minor contracts to be concluded before year-end. For 2027 and 2028, we continue to see high tendering activity, with about 4 billion NOK of contracts to be awarded in each period. And as mentioned, majority of the contracts, or around 2/3, are driven by defense demand. Moving on to Intellilift. In the 3rd quarter, Intellilift signed 2 further SmartConnect contracts, bringing the total to 4, all with integration of various downhole third-party applications. Total awarded automation systems remains at 17. The 3rd quarter revenue was 22 million NOK, up from 17 last year, with a strong EBITDA of 10 million and a strong margin of 45%. Improved profitability was supported by favorable revenue mix, including growing contribution from SaaS revenues. On the operations side, installations timing under the 11X contract has been adjusted to the customer project schedules, so some installations move into coming quarters. At the same time, work installations is progressing on several rigs at the moment. SaaS automation software is now live on 6 rigs, and we expect 2 to 3 more in the 4th quarter. SmartConnect is installed and running on 2 rigs, with further startup planned in the 4th quarter for the remaining 2 in backlog. In GlobeTech, we continue to see good commercial activity, and the SATCO acquisition is now part of the numbers from 1st of August. The contracted fleet ended the quarter at 261 vessels, up from 224 at the end of June, as the SATCO bolt-on acquisitions added contracted vessels covering connectivity services to clients. 3rd quarter revenue was $32 million, up from $23 million last year, but now also including SATCO in 2 months. The EBITDA was $6 million, with a margin of 18%. Hardware sales were lower in the quarter, which was offset by contribution from SATCO. GlobeTech continues to grow with a meaningful share of recurring revenue. Turning to Tecano Ocean Lift, we continue to tender within our core markets on known projects and risk. Our focus remains on repeat product deliveries where we know the cost and also the associated risk. At the same time, we have not landed orders for quite some time. 3rd quarter revenue was $15 million against $32 million last year. And ongoing projects moved towards completion. EBITDA was minus 5, and there were no new cost overruns on the ongoing projects, but lower activity. Weighs on the profitability, and the remaining backlog is somewhat limited. The first 70-tonne active heave compensated crane has been in stable operation since June with good feedback from the customers, and a second 70-tonne crane has also been delivered. Production of the 2 remaining 150-tonne contracts is progressing well, and we have also improved our execution and follow-up on these 2 remaining projects. Moving to Fisk. The market interest in closed containment continues to build. The government incentives remain a positive structural driver, and the government is set to propose a new countrywide zero-emissions scheme for aquaculture, which should strengthen the case. for closed containment solutions further. The previous deliveries to Moë has established a clear proof of concept for Protektus and Fisk. At the moment, Fisk have active dialogue with several Norwegian and international salmon farmers, and some projects are nearing decision. As a reminder, this is the first quarter with Fisk fully consolidated in the Nekkar Group accounts. 3rd quarter revenue was 70 million NOK with EBITDA of 4.3 million NOK. and a margin of 6% as the ongoing project progresses. The 4-unit Protektus order to Moë is progressing according to plan and will be delivered over the coming 6 months. Let's take a closer look at some of the key financial details. Revenue for the quarter came in at 175 million NOK, up 41% year on year. Fisk contributed 70 million NOK in the first consolidated quarter. However, low activity level in Syncrolift and Tekano impacted the revenue. The EBITDA ended at 11 million NOK. The drivers are IntelliLift, with 10 million NOK of EBITDA, and a positive first contribution from Fisk. EBIT came in at NOK -3 million. After depreciation and amortisation of about 14 million, up from 5 million, mainly due to the Fisk consolidation. This slide shows the key financial metrics for our operating companies, and a more detailed breakdown is also available in our quarterly Excel upload. The main changes to the balance sheet this quarter comes from the SATCO acquisition, consolidating from 1st of August, and the first full quarter with Fisk. Total assets came to NOK 1,008 million, up from 941 at the end of June. SATCO added 20 million of intangible assets, of which 13 is goodwill. On the liability side, long-term provisions increased to NOK 98 million. This covers estimated payments for the remaining 33% of GlobeTech in 2028, and the remaining 40% share of SATCO in 2029. Long-term interest-bearing debt of 16 million NOK is all in Fisk. The equity ratio is at 40%, down from 47% at the end of June. Working capital stands at minus 126 million NOK, driven by customer prepayments. Turning to cash flow. We started the quarter with 167 million in cash. Cash flow from the business was solid with 37 million NOK, driven by EBITDA of 11 million and a positive change in working capital of 38 million NOK. We've spent 10 million NOK on share buybacks during the quarter, and the SATCO acquisition had a net cash impact of minus 16. We ended September with 176 million NOK in cash. Nekkar retains a strong financial foundation with, with cash of 176 million NOK and treasury shares of 69 million of book value. Bank financing is still available through our flexible framework with Danske Bank, tailored to each investment opportunity. So let me summarize. Yesterday was a big milestone with Synkolift landing its largest contract ever and more than 3 times the size of the previous largest contract in Synkolift's history. IntelliLift continued to deliver to its customers as the leading independent offshore drilling automation and integration provider. Our portfolio has broadened with Fisk in its first consolidated quarter and SATCO joining GlobeTech from 1st of August, and neither required new bank financing in Nekkar. Thank you for listening, and let's round off with some Q&A. Okay, let's start with a question on Takano Oceanlift. This is another quarter in which Takano has made a negative contribution to the company's results. The situation does not appear to be changing. If the outlook remains favourable, are you considering divesting this asset? Yes, I think with Takano, we have an obligation and a commitment to deliver our ongoing projects to our customers, and we are progressing with good execution on those 4 projects, whereby 2 are now delivered. And in parallel with executing these contracts, of course, we have to evaluate strategic options, both signing new contracts with customers and also evaluating whether there are better places for Takano. So this is still ongoing, and we expect to continue to progress this work over the coming months. Thank you. Moving on to Fisk. Fisk is currently executing 4 projects involving the supply of containment systems. One might assume that such a workload would ensure adequate profitability for the company. However, it is posting a loss at the EBIT level. What's the reason for this loss, given such a high volume of project activity? So I think, on Fisk, it's important to also say that historically, there has been large investments into technology and R&D, meaning there is a kind of meaningful intangible assets which are depreciated through the EBIT figures. However, looking at the current run rate of investments into our R&D, they are quite limited, as we have done the majority of the developments in Fisk. So I think that that's a comment to the difference between the EBITDA and the EBIT. And I think, secondly, of course, we— We expect the Fisk execution, in terms of contract margins, to improve and progress. And this is kind of— this will— take place day by day, as we are delivering further systems with more known costs and more known suppliers. And of course, we are also optimizing our supply chain, and of course, also looking into how we are pricing our products in terms of new orders. Thank you. Moving to Intellilift on the 11x Automation Award. Can you elaborate a little on any updates to the calendar and phasing of installations? Such as how many rigs have been installed or what we should expect for Q4 and into 2027? Yes, so in our 3rd quarter reporting, in the graph on the page, actually all of the 11x are part of the ordered volume, and we are currently at the moment installing the automation systems on several of these rigs. So, of course, the quarter-end cutoff can sometimes be somewhat misleading in terms of how well are we progressing. Having said that, there has been some delays on the customer side in terms of the rollout. However, we have now kind of stepped up in the installation phase. With several rigs under installation. Thank you. And there's a question on, can you elaborate a little on the economics of automation and SmartConnect and how these differ? Yeah, so the automation software is a more holistic and comprehensive installation whereby IntelliLift is implementing its drilling automation software products. So, of course, this has a more significant SaaS component as it has a larger product offering. For the SmartConnect, of course, the key product and the key feature is basically to provide integration of third-party software and tools a lot into the downhole applications. software whereby IntelliLift is adding an integration layer and of course taking subscription payments for that, but being less significant in terms of SaaS revenue. Thank you. Moving to Synchrolift. First on the pipeline, is the NOC $8.1 billion already net of the US award? And can you elaborate a little on the moves from last quarter's tender pipeline? With respect to NOC $1 billion moving from '27 to '28 and beyond, and the $100 million left for '26? Yeah, so we have taken out the US awarded contract in the figures presented in the tender pipeline. I believe last quarter when we reported the figures, we included that contract in our 2027 values, which were around 5 billion NOC. And, of course, that's now been reduced to around 4 billion NOC. In terms of 2026, We don't see any larger contracts which we believe will come to a conclusion before year-end. Of course, that's still hard to estimate, but that's why we have reduced our year-end estimate for this year to somewhat around $100 million NOC. Overall, of course, the tender pipeline with the award is growing from last quarter in total. Thank you. For Syncolift, the one lost chart shows one additional lost new build since Q2. Can you say anything about which project it was? region and whether or not it was a defence project? Yeah, there is a contract in the US whereby Bardex Corporation was awarded one shiplift contract in, in the quarter. That's the one adding to the figures. I think we see a stronger momentum in terms of opportunities in the US, which is still not fully reflected in our tender pipeline. But we see that with what the US is doing now, especially on the defense side, there will be more opportunities coming up. And of course, we we are now strengthening our presence in the US. We have also hired a senior sales representative in the US in order to target this market. And of course, we also believe that that signed and soon to be officially announced US order as of yesterday will help us in that kind of marketing and branding in the US. And on the US market, do you see winning in the US market as a one-off, or has the US market evolved for Syncrolift? Um, Then there's a question asking, what is the largest shiplift contract Syncrolift has won in the past? Yeah, in the past, it's the Indian Navy VISEC project. Which I believe originally was signed back in 2018 or around that period of time, which is about, or at that point was about close to 300 million NOK. Perfect. Then there's a question. Does revenue on the US contract for Syncrolift follow your typical new build phasing, or does it look different given the size and timeline? And also, how should we think about engineering and supplier capacity? Yeah, so I would say, of course, it has a somewhat compressed timeline compared to a, what should we say, a completely regular delivery. But of course, also the size of the contract makes it significant. But I think it's fair to say that the execution will follow somehow the normal progress recognition curve. We have, of course, during the tender phase, been heavily involved with our supply chain network, and we have secured capacity for the key production items with suppliers for this contract. And of course, due to the timeline, also the work will commence immediately in order to deliver on the customer's demand. On the contract, is the contract fixed price, and how should we think about its gross margins compared to historical performance in Syncrolift? It's, I would say, it's a normal fixed-price turnkey contract, as Syncrolift always delivers. Of course, as I mentioned, we have secured capacity and prices on the main production items, which will be passed on. On the scope of work, it's of course a huge delivery with a huge amount of steel and steelwork to be done. So, of course, it also has a larger share of steelwork into the delivery, whereby, of course, also the The margins on such a steelwork pass-through is somewhat lower than kind of a more heavily technology influenced contract. So in total, we would expect that the gross margin on the total size is somewhat lower than if the scope were more limited and only focused on the key shiplift technology component items. So here we are also producing, for instance, the shiplift platform, which is, of course, a huge piece of steel going into the shiplift. And on the customer, without naming the customer, could you give any color to whether or not the end use is naval or commercial, and if the facility is in the US. Yeah, it's a US facility with a US-based company for a dual-use shipyard. And we are expecting soon to make a formal announcement jointly with the customer on this important project. Thank you. And the last question is more generally, what is the outlook for further acquisitions and M&A activity in Nekkar? Are you currently working on any projects at earlier stages or consider— and/or considering bolt-on acquisitions? Yeah, that's a continuous work. We have processes and dialogues on several opportunities. And of course, we will announce when things are being firmed up. There are no further questions. Thank you all.