**Robert Spurway, CEO, MD & Director**
Good morning, everyone, and welcome to the GrainCorp Results Call. This morning, we are presenting from Sydney. I would like to begin by acknowledging the Gadigal people of the Eora Nation and paying our respects to their elders, past and present.
Please refer to Slide 4 of the presentation pack for today’s agenda. I will start with some updates, including our financial year 2025 highlights, strategy, and growth. Ian Morrison will then cover our financial performance. We will also provide an update on the balance sheet and capital management, followed by some comments on the outlook ahead.
For those following online, I will share the slide numbers as we proceed through the presentation.
Starting on Slide 5: Our financial year 2025 underlying EBITDA was $308 million, representing an increase from the prior year. We handled a total of 31.6 million tonnes of grain and recorded a new record in oilseed crush volumes.
We also saw improved contributions from our Animal Nutrition and Bulk Materials sectors, which demonstrates that we are effectively controlling what we can within the business. This is particularly significant given the operating context of financial year 2025, which, as we…
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