I t's a great pleasure to welcome back Roberto Marchiori, Chief Operating Officer, and a warm welcome to Pablo Ribas, Chief Executive Officer I should say, Miles Molyneaux, CFO, and Davide Tomassoni, CEO for Keo Energy. Hello, boys. Nice to see you. Roberto, it's been yet another very busy quarter, so please take it away. Hi, Carl. Thank you. Thank you very much. Good morning, everyone, and thank you for joining us. Welcome to Keo Capital AB's second part of 2026 earning presentation. Today we'll walk through our results of the quarter, and we will leave a time for a Q&A session at the end. Before we get into the numbers, let me introduce today the presenters and take a moment also to welcome our new management team to the company. I'm Roberto Marchiori, the COO of Keo Capital AB. We have Pablo Ribas, the COO. We have also Miles Molyneaux, the CFO, and Davide Tomassoni, the CEO of Keo Energy. Welcome, guys. Thank you. Thank you. Pleasure being here. Now let's move into the Fintech operational update. Starting with this update on our products and solutions across our Fintech business. On the Cross-Border Solutions, which is the U.S. dollar-denominated platform, it's already live in the United States. As you can imagine, United States has a broad spectrum of global merchants. We are also live in Peru, Bolivia, Chile, Colombia, and Brazil, spread in Latin America. We also have many, many importers in this region of Latin America. Moving to Workeo Canada, which operates in Canadian dollars. We just signed a facility and at the same time launched operations during the third quarter, and we expect a ramp-up over the coming quarters once we start creating the team and putting more effort in the platform. On Workeo Mexico, which operates in Mexican pesos and U.S. dollars, we concluded the renewal of our license agreement with American Express, our long-term partnership with this global rail company. Finally, Workeo Brazil, which operates in Brazilian reais. We expect to launch during the third quarter of this year, which operations ramp-up, of course, we expect to ramp-up during the fourth quarter and also first quarter next year, 2027. Just a quick recap here on our geographies and footprint. We are located and which product is enabled in each region. On the Workeo side, our supply chain finance product, we are live in Mexico. We just launched in Canada, like I just told you in the previous slide, and we expect to launch Brazil in this quarter of 2026. On the Cross-Border Solutions side, we are already live in the United States, Peru, Bolivia, Chile, Colombia, and Brazil to benefit on these cross-border transactions of importers. Moving to the next slide, here we bring more about customer evolution. Just a reminder that the closing occurred during the month of April, in the beginning of the second quarter, when the business combination took effect. During the beginning of the year, we have been focusing on developing our products, technology, and creating the foundations for our sustainable growth aligned with our strategy. During the second quarter, our average customers grew 16% quarter-over-quarter, and we ended June with 61 active customers. Our focus today is on keep optimizing onboarding process for our new clients and also so we can ramp up our products with more efficiency. Moving to the next slide and talking more about the average outstanding portfolio. During the second quarter, we saw a recurring cycle effect early in the quarter. As the clients were renewing their credit lines with full recovery during the months of May and June. Looking at the end of the quarter position in June, our total portfolio was $50.7 million, as the average was around $45 million. Moving to the next page, talking about total payment volume, the TPV. The total payments volume is the amount that the customer base is transacting during the period and paying their invoices inside our platforms using our products. Our total payment volume kept growing quarter-over-quarter, reaching $51.4 million during the second quarter, a 19% increase quarter-over-quarter, and close to 40% growth year-over-year compared to Q2 last year. This alignment for customer base growth rate indicates that we are expanding our businesses. During 2026, we reached a total TPV volume of $94.5 million. If you look the last 12 months basis, we reach almost $200 million in volumes. Keep in mind that the business combination closed as of second quarter of this year, early April, so these figures blend pre- and post-closing periods. Going to the next slide, the total portfolio revenue. Let's talk about revenue and the take rate, this KPI that we are showing this page. Revenue basically comprises all the income streams, for instance, interest rates, interchange fees by transacting payment to the networks of the rail companies, and also other fees. The take rate is basically the amount of this revenue divided by the amount of the payment volume, so the TPV, during the same period, representing our total average income over the amount of transactions occurred by our customers during the period. Basically, the take rate is the portion of each transaction that stays with us at Keo. During the second quarter of 2026, we presented $1.6 million in revenue with our average take rate of 3.1% on the TPV volume. During the first half of the year, the total pro forma revenue reached $3 million, and in the last 12 months, around $5 million. Remember, these numbers are basically considering a pre-transaction Keo balance sheet and post-transaction Keo too, the former company. Our new term focus right now is also launching new programs to also provide support of revenue expansion going forward. By launching Canada and Brazil, we expect to see these effects in the upcoming quarters. With that, I will hand now over to Davide Tomassoni to walk through the Venezuelan slide on energy updates. Thank you so much for having me today. I think the most important points here that we need to discuss that we will be completing the purchase of 24% from Novonor, and then we are purchasing price of 16% for about $37.5 million, which would take us to about 40% equity of PU PetroUrdaneta. We have a contingent payment of $18 million with an enforcement of first option call from Novonor. August 28, we signed a major contract, which is an operational agreement with defined O&G commercializations, which define the marketing cells, commercialization of gas productions. Also we have a great news because we were able to add the associated gas to this new contract, which before was not included. In term of a new negotiation, we were able to include an income tax 34% of greenfield, versus the 50%. We have an extension of JV to 2056. We are negotiating also an extra 9.9% of equity, which will take our stakes up to 49.9%. This is an ongoing conversation with PDVSA. I give it back to you guys, to Roberto and Miles. Thank you, Davide. Excellent. Go ahead. Thank you, Davide. Before we get into the numbers, let me explain a little bit how they were built. The figures on the next few slides are pro forma figures, consolidating Keo World on a pre-acquisition basis with the prior Maha Capital figures, plus the results of the combined entity post-acquisition. These pro forma numbers are not reflected in Keo's official financial statements. They are presented just for illustrative purposes to help explain the trends and business performance irrespective of the capital transaction that took place in April. Picking on the top on revenue, as we covered in the Fintech section, revenue came in at $1.597 million, which was up 12% quarter-over-quarter and 16% year-over-year. This was driven by higher credit volume and growth in the portfolio. On the operating expense side, which are the direct expenses related to managing the portfolio, we came in at $2.549 million, which is up 60% quarter-over-quarter, and that reflects the post-acquisition ramp-up of our operations across several geographies as well as higher payment volume. You can go to the next slide. Moving to general and administrative expenses, recurring G&A in the second quarter was $2.177 million, while total G&A was $4.5 million. The difference between the two of $2.323 million is non-recurring expenses, which is mainly due to the relisting and acquisition costs as well as the Venezuela transaction. On the financial income, we came in at $1.594 million, and this is primarily the net interest income from the investment of our cash in the balance sheet. That quarter four amount reflects the investment of the, I am sorry, quarter one amount, the $2.85 million was the interest income from the old Maha prior to the deal. The next slide is a year-to-date progression review. While our accumulated net loss for the year so far was $48.9 million, a significant portion of that, $45.358 million, is non-cash, and that was due to stock-based compensation expense, co-investor share issuance, and other non-cash impacts. Obviously, these consume accounting profit, though do not represent an actual cash outflow. If we remove those non-cash items and also remove the non-recurring G&A that we showed on the previous slide, which was $3.54 million, we reach a break-even level year to date of just over break even of $5,000. I want to be explicit that this adjusted figure is not a GAAP measure. This is distinct from our statutory year-to-date net result of the $48.901 million. Turning to cash flow, we started the period with $117.7 million in cash plus credits. Operating cash flow was - $17.7 million, which was driven primarily by working capital changes, the net operating results, as well as interest expense and FX. Investing cash flow was + $9.4 million, including $9.1 million of cash generated from the business combination, and financing cash flow was + $14.1 million, largely due to a capital raise priced at SEK 16 per share as part of the transaction that closed in April. We closed the period with $123.5 million in cash credits and restricted cash, and a net cash position of $108.5 million after the co-investor loan, which includes the $50.7 million of customer receivables portfolio that Roberto showed earlier. With that, I will hand it back to Roberto for some closing remarks. Thank you, Miles. Going to closing remarks. Basically on the left side of the page, we have here our achievements of the first half of the year. On the fintech side, we completed the relisting process. We completed the capital raise of $28 million at SEK 16 per share. We closed the business combination with Keo World. We also closed the facility of CAD 50 million to support our Workeo Canada growth, and we also launched our Workeo in Canada. On the energy side, we exercised the first call option of PetroUrdaneta, then we reached the binding agreement to increase our stake up to 40% at the JV level, and also, the final agreement with Equinavisa just signed in the last couple of days, with the support here of Davide. What is about to come in next steps on the fintech business, as we mentioned, we are about to launch Brazil Workeo platform, hopefully this month. On the energy side, we expect to sign the offtake agreements with Equinavisa, issue the reserve report in this next month, and that this additional gas reserves that Davide was mentioning in a second, an update of the reserve reports. On the corporate side, we continue working with the spinoff and also the U.S. listing. Again, once we are now with American leadership, we want to also be a fully American company. On the fintech side, after we conclude the spinoff of energy side, we also intend to list the fintech business in the United States. With that, Carl, I conclude your presentation and open the room for the Q&A session. Well, thank you for that, gentlemen. There have been a lot of questions ahead of this presentation, and as we speak, the viewers are sending in their questions. As I said, I would try to keep questions slightly put together with Keo Capital and energy and then perhaps a P&L question. I will start with, let's say a P&L question. I will read one viewer here. The SEK 16 raises were struck at a premium to the current price with a $4 million per quarter underlying burn rate, burn, and the $27.5 million Venezuela step-up due around on November close. What's the expected cash position at year-end, and should shareholders expect further raises before the fintech turns cash generative? Basically, it's a question of raising capital here before year-end. Good. We will not give guidance by the position of year-end, but the idea is once we were explaining the initiative in Venezuela, is to look for the best alternatives when it comes to finding the resources for the payments to Novonor by the end of the year. Also, remember that on the oil field side, Davide can talk more also, but we don't expect a huge amount of capital costs in the first month. We will have more time to work the best solution. I don't know, Davide, if you want to complement. Yes, definitely as Roberto said. I think I'm aligned with you in this aspect. Good. Well, thank you for that. Then, if we look at your outstanding portfolio, it declined slightly, I would say, but it did decline from $49.8 million in the first quarter, to $45.6 million. The main question, I think, from the writer here is, has your expansion halted or how should we view this temporary setback? Sure. Well, that is a good question. Thank you, Carl. That is why we included a new KPI for the investors to better understand the cycles we have inside this, right? Because the right way of looking this is also supporting the KPIs of your active customers and also, your TPV volumes trend, because we have inside our businesses, the cycles. Normally your clients can pay their credits by the end of the month. By then you will experience this reduced amount under the outstanding credit portfolio. But if you look at it compared to the other KPIs, we are going to understand that the trend now as we are working hard here on establishing the technology, the foundations, the procedures, but also working on the relations of customers, we see this growth trend here for the next quarters. Thank you for that. We continue here with Keo Capital then. How much of the CAD 50 million in the credit facility has been drawn to date? We just launched Canada. We are in the point of starting building relationships with customers. We are building the team organization. Everything is being set for the next quarters to come. As of now, we are working to establish everything to start growing. Remember that in this facility, we withdraw 80% in advance to each credit line that we provide for customers. And there's a follow-up question here. Would you give us, well, a number which I would assume would be growing, but the number of Canadian customers onboarded and approved for credit? We have a pipeline in place we cannot disclose right now, but in the next quarter, we will be happy to do so. We expect to see activities and growth in the next quarters. If we turn our eyes to Brazil, also a viewer question here, how many companies are currently onboarded and approved for the credit and actively transacting, I should say? In Brazil, we did not launch yet. We expect to launch Brazil or Keo during this quarter. So by the end of this month of September. Once we are live again, we are putting in place a team. We are creating all the foundations, the technology side, and we expect to release more figures by the course of next quarter. I will combine two questions here. One is if you could give us more color of the portfolio, and any estimates of the year-end. I will combine that with a question here that I will translate from Swedish which is, what kind of portfolio size do you need to get a sustainable break even for the fintech? Sure. Like I told you, on the previous slides, we just launched Canada during Q3. We are about to launch Brazil. These are two important pillars to start growing our strategy across different and huge markets, in Latin America and Americas. We also are working on the Cross-Border Solutions parallel. We see here a lot of potential, but we cannot give guidance by the end of the year. In the meantime, I think we already did this back-of-the-envelope maths using potential numbers. If you reach around a $120 million portfolio, this will mean, revenue generation capacity between $25 million-$30 million, which will provide us to be in a profitable position. Right. Thank you for that. Then we have some questions about Lionheart. Could you elaborate on why you did not renew your exclusivity with Lionheart? Yes, go ahead. Thank you, Carlos, for the question. Jointly, we ending the binding LOI with Lionheart because adding the gas to our commercial agreement, we increased a lot of our valuations. Our valuation prospects were now aligned. We need to protect our investors, and that's the reason why we decide probably to offer a direct listing and a spinoff from the Nasdaq, in Sweden. Thank you for that. While we're at it with Keo Energy here, you have mentioned the expected reserve report on the second half here. Would you be able to pinpoint more granular? We are doing actually two reserve reports. The first one is on the crude, which should be out in the next two, three weeks, and then we are adding the reserve reports on the gas, which will be out by the end of the year. Further on the energy side here, I would just read the question right up. Is it right to assume that the deal signed with PDVSA has de-risked Keo Energy in your mind and thus improve the intrinsic value? I can see why that question is coming. Could you answer? Absolutely. First of all, actually, we had an extension, so our new signing agreement take us to 2056. We have 30 years in pipeline to be able to execute this contract. We are very optimistic about our return and the reserve that we have. I would assume this would be a follow-up question, but it is also about the divestment here, but when do you expect to be able to communicate, let's say, the intrinsic value of the Keo Energy, which I believe then would be a spinoff? What's the process there? Yes, probably now, we are approaching very big banks here in the United States that will allow us to work through the spinoff in the U.S. We have been approached for the two stocks exchange here, so we are evaluating the best packaging for us. We consider probably six months to seven months to be able to be listed here in the United States. Then, I believe in the next 30-40 days, we will have a great report that will allow us to give a great valuations about the Keo Energy. How do you aim to fund the remaining part of the purchase price in Venezuela? Do you see a risk of another capital raise? You have answered a general capital raise. What is the thinking there? No, we are okay with the capital at this stage. We have the capital needed to conclude the 40% purchase. Obviously, we have been bombarded, if I can say the word, to people that want to invest and entities to allow us to get where we want to be in term of production of crude and gas. What would be the capital allocation priority still with Venezuela here between further increasing ownership, field redevelopment, and preparing for the spin listing? Our idea is to reactivate probably the majority of the wells, with the associated gas. We are planning probably an investment around $90 million-$150 million for the next 10 months. If we have general questions regarding listing here, would the Nasdaq listing be in Sweden or in the U.S.? Probably it would be a cross-listing or a dual listing. We are evaluating the best option for our investors so they can joyfully. Also we have all the investors here in the United States who like to have possibility to acquire and purchase stocks. We'll be both, probably. We maintain both listing. A more general, let's say, strategic question here. Considering the recent macro events combined with Keo entering the stage here, where you have war inflation fears, currency fluctuation, local currency strength versus the U.S., has that, in any way, affected your strategy? Or you're working according to plan? Everything going according to plan. Honestly, it does not affect a lot in our strategy. Everything moving ahead as we planned it. Actually, we are very excited because we obtain an extension. We include the gas, which previously was not included, so it is in the long term is going to be extremely much more valuable probably by the crude because we have three different gas, the solid gas and the associated gas, and we have liquids, so NGL, which will allow us to improve our customer base in the return. Yeah. If we look to Keo Capital here, if we look at the recent development for the last six months and so on, has that in any way affected your, first, supply, i.e., the borrowing, and what is the, let us say, customer, the buying environment out there? No, not at all. It keeps also the same. We are happy with the launch of Canada. We are also excited with the launch in Brazil in the following month. Nothing changes really. We keep believing here in this path that we created. It is a month ago, and we believe that is how we are going to generate value to our shareholders. I must just scroll down here. A couple of other questions here. Will there be expansion outside the areas that you have already spoken about? That would be you have North America and Latin America. I know that in the previous broadcast, there was a lot of talk about West Indies and stuff like that. How do you see further expansions? Are you digging where you are? Oh, sure. For sure. It's long-term view we want expand. Let give us Pablo Ribas some time so he can elaborate where we are going to reach next after Latin America and Americas. In the next one, we will provide more intel on that. If I can just answer that quickly. Right now, the focus is to scale what we have, the footprint that we have. There is tremendous potential. There is tremendous volume. We are trying to execute on the strategy, get that growing, and then consider other strategic expansions. I think this question came on back of you, Pablo Ribas, being a new CEO and with your background here. With that, very interesting. You had had a very busy quarter, and I will assume you have a very busy quarter ahead of you. I will thank you for that, gentlemen, and we will thank everyone who asked the questions. I am sure there will be more questions. Well, I got one in here. It is, could you further explain the relative large non-cash expenses? You mentioned that in the beginning. If we just round off with that question. Go ahead. Okay. First part of it, two major impacts, right? The first one was the stock option-based issuance by the transaction related with Keo. Secondly, it was a capital raise for co-investors also on the same transaction. These are non-cash impacts, only accounting, and they were basically reflected by this. Right. With that, we will say thank you to you again, and a special thank you to all the ones who had forwarded their questions. If you have any unanswered questions, we will refer that to the company. With that, gentlemen, thank you so much. [Non-English content]. Thank you very much for having us. Thank you, everyone.