In a historical period marked by profound transformations, yesterday we chose to pause, look each other in the eye, and discuss the issues that truly matter: the future of Italian businesses, the role of private capital, and the shared responsibility of generating value that lasts over time. Our first Investor Day was exactly that: an opportunity for listening and vision. A moment to not only present results but also offer a concrete perspective for the future. As highlighted on stage by President Paolo Benazzo, CEO Luca Maurizio Duranti, and Managing Partners Simone Cremonini and Giacomo Picchetto, at Alkemia we believe that supporting businesses means accompanying them through all stages of their journey: from inception and growth to maturity. For this reason, every day, through our professionals and with various tools, we consistently pursue one direction: creating real, measurable, and sustainable value. This value is built on the trust of investors and entrepreneurs, and is developed over time, helping companies establish a clear, ambitious, and shared vision for the future. Clear goals, sometimes challenging, that we motivate our partners to achieve and surpass for the company's future. For us, being an Asset Management Company (SGR) today means not only allocating capital but also asking the right questions, sharing complex decisions, and always pushing a step further. Because this is how capital becomes impact and this is how, together, we build the future. We would like to thank all the investors, partners, and stakeholders who shared this day with us, and extend a special thanks to Federico Fubini for his insightful analysis of the global context and the deep attention with which he guided the dialogue between our Managing Partners and the audience.