Hello, and welcome to Unilever's Third Quarter Trading Statement for 2025. Thank you for being with us today. I am joined here by Srini Phatak. Srini's appointment as Chief Financial Officer was ...

[indiscernible] webinar 2025. My name is Henrik, and I'm the technical operator for today's call. Kindly note that the webinar is being recorded. [Operator ...

2025 Guidance -- First quarter GMV forecasted at $90 million to $96 million (down 2% to up 5%), net revenue at $21.7 million to $22.8 million (down 2% to up 3%), and adjusted EBITDA margin loss of 12% ...