...Good morning. I'm Bernard Fairman, Co-Founder and Executive Chairman of Foresight Group. I'm delighted to welcome you to Foresight's half-year results for the period ending September 2025, which I'm presenting today with our CEO, Gary Fraser. We offer institutional and retail investors a diverse range of private and listed investment solutions in real assets located in the UK, Europe, and Australia, and growth capital for SME businesses across the UK and Ireland. Before addressing the group's performance over the last six months, I want to provide you with a reminder of our core strengths. The group delivers high-quality earnings, with 85% to 90% recurring revenue and over 90% of long duration capital within our LP and evergreen vehicles. This provides considerable revenue visibility each year and results in compounding growth that underwrites the group's performance. We take a boots-on-the-ground approach in the UK and internationally, enabling us to build deep local relationships that...
