Operator
Good morning, and welcome to Corporacion America Airports Fourth Quarter 2025 Conference Call. A slide presentation accompanies today’s webcast and is available in the Investors section of the company’s website. [Operator Instructions]
At this time, I would like to turn the call over to Patricio Inaki Esnaola, Head of Investor Relations. Patricio, you may go ahead.
Patricio Esnaola
Investor Relations Manager
Thank you. Good morning, everyone, and thank you for joining us today. Speaking during today’s call will be Martin Eurnekian, our Chief Executive Officer; and Jorge Arruda, our Chief Financial Officer.
Before we proceed, I would like to make the following safe harbor statement. Today’s call will contain forward-looking statements, and I refer you to the forward-looking statements section of our earnings release and recent filings with the SEC. We assume no obligation to update or revise any forward-looking payments to reflect new or changed events or circumstances.
Please note that through this call, all references to revenues, cost, adjusted EBITDA margin, we refer to figures excluding IFRIC 12. Also, all comparisons discussed are year-over-year unless otherwise noted.
I will now turn the call over to our CEO, Martin Eurnekian.
Martin Francisco Eurnekian
CEO & Director
Thank you, Inaki, and good morning to everyone joining us today. We finished 2025 with a very solid performance. Across the business, we saw continued revenue momentum, strong profitability and important progress on the strategic front. Passenger