Jonathan Price

“We will start with the highlights from the first quarter, 2026, on slide four. We delivered a very strong start to the year, with robust financial results reflecting both disciplined execution across our operations and the cash flow generation potential of our portfolio.”

“Well, thank you, Matt, and good afternoon, everyone. Good to see you all here. Great to be back at the BMO conference again in Florida this year. So I'll start by getting the usual legal statements out of the way.”

“We'll start with the highlights from the fourth quarter and full year on Slide 4. 2025 was a year of further significant evolution for Teck as we continue to focus on our strategy of becoming a global leader in critical minerals.”

“Starting with highlights from our third quarter 2025 results on Slide four. The most significant highlight of the quarter was our September 8 announcement of a merger of equals agreement with Anglo American.”

“Before we get into the quarter, I want to take a moment to acknowledge the current macro environment on slide four. As we all know, the past few months have been marked by volatility and uncertainty.”