Good afternoon, everyone, and welcome to EVERTEC's Fourth Quarter and Full Year 2025 Earnings Conference Call. Today's conference call is being recorded. And at this time, I'd like to turn the floor over to Loyda Montes Santiago of Investor Relations. Please go ahead.

Thank you, and good afternoon. With me today are Mac Schuessler, our President and Chief Executive Officer, and Karla Cruz-Jusino, Chief Financial Officer. Before we begin, I would like to remind everyone that this call may contain forward-looking statements and should be considered in conjunction with cautionary statements contained in our earnings release and the company's most recent periodic SEC report. During today's call, management will provide certain information that will constitute non-GAAP financial measures under SEC rules. Such as constant currency revenue, adjusted EBITDA, adjusted net income and adjusted earnings per common share. Reconciliations to GAAP measures and certain additional information are also included in today's earnings release and related supplemental slides, which are available in the Investor Relations section of our company's website at www.evertecinc.com. I will now hand over the call to Mac.

Thanks, Loyda, and good afternoon, everyone. I'm pleased to announce a strong finish to 2025 for EVERTEC, delivering another year of record revenue with solid execution across our core markets. We continue to execute on our strategy to grow organically, expand our capabilities through M&A and strengthen our position in the payments and financial services market. In the fourth quarter, we closed the previously announced acquisition of Tecnobank. And earlier this month, we also announced our plans to further advance our product offering and customer base in Brazil with the acquisition of Dimensa. We are also now in production with Banco de Chile, providing acquiring, processing and risk monitoring services. These achievements position us well for 2026 with a continued focus on sustainable organic growth, disciplined capital allocation and long-term value creation through differentiated products and successful integrations. For 2026, we are also proud that more than 40% of our revenues will now be generated outside of Puerto Rico, while maintaining overall corporate margins and absorbing the 10% MSA discount to Popular. On today's call, I'll provide a brief summary of our 2025 results, including updates on our Puerto Rico and Latin America businesses. recent M&A activity and some comments on AI. I will then turn the call over to Karla, who will provide more details on our Q4 and full year results as well as our outlook for 2026. Starting with Slide 4, I'll highlight our full year 2025 performance. Revenue for the year was approximately $932 million, a 10% increase over the prior year, 11% on a constant currency basis, reflecting strong execution across all segments. Latin America Payments & Solutions grew 22% year-over-year, benefiting from the full year contribution of the 2 acquisitions closed in the fourth quarter of 2024 as well as the results from Tecnobank…

Thank you, Mac, and good afternoon, everyone. Turning to Slide 9. I'll begin by reviewing the fourth quarter and full year results for EVERTEC. Total revenue for the quarter was $244.8 million, an increase of approximately 13% compared to the prior year driven by the continued momentum in Latin America, including a full quarter contribution from Tecnobank at the acquisition closed October 1. In Puerto Rico, results benefited from higher transaction volumes, continued growth in APH Movil iness and increased sales volumes in merchant acquiring. On a constant currency basis, revenue growth would have been approximately 11.4% as reported results this quarter benefited from favorable FX, primarily driven by the strengthening of the Brazilian real. Adjusted EBITDA for the quarter increased to $98.8 million, up 11.5% year-over-year with a 40.3% margin, representing a modest 50 basis points decline, consistent with our expectations. EBITDA growth was driven by revenue outperformance, including the contribution from recent M&A and the reacceleration of the Brazilian market. Results also benefited from a $7.1 million gain related to research and development tax credits and the previously announced cost initiatives. Adjusted net income was $59.5 million, an increase of approximately 6% year-over-year, reflecting the higher adjusted EBITDA and lower cash interest, mainly driven by the repricing of our TLB during 2025 and lower interest rates. These were partially offset by incremental debt and the net income attributable to the noncontrolling interest related to Tecnobank. The adjusted effective tax rate for the quarter was 8.1% and adjusted EPS was $0.93, an increase of approximately 7% from the prior year, driven by earnings growth and the benefit of a lower share count from repurchases completed in the fourth quarter. For the full year, total revenue was $931.8 million, an increase of approximately 10% compared to the prior year or…

[Operator Instructions]. Our first question today comes from Madison Suhr from Raymond James. Please go ahead with your question.

Nice results here. I wanted to start on the pipeline commentary in Latin America. You mentioned it's a key driver for organic growth. So I was hoping you could provide some additional color maybe just on the size of the pipeline relative to the last few quarters, if you're seeing an acceleration in sales activity? And then does this pipeline support kind of this double-digit organic growth you're seeing in 2026? Or do you think you're still kind of reliant on new sales driving some of that growth as well for this upcoming year?

Madison, this is Mac. So what I would say is, look, the pipeline is healthy, and we've seen it throughout the year. So if you look at Chile, initially Chile, the big client we had was Getnet Santander. But we were able to sign Banco de Chile. And now that's now live and operational, which is one of the best banks in Chile. So you've seen these big wins of selling them and now implementing them. We also talk about Grupo Aval, which is one of the biggest banks in Colombia. So now it's not just Chile, we're seeing it in other countries. So Grupo Aval we're in the process of implementing, so that should have an impact this year as well. We have additional opportunities in the pipeline. So we only talk about those when we signed the deal and we've implemented it. So we'll talk more about that in the future, but we booked some pretty meaningful deals this year that will have an impact in -- I mean, in last year, that will have an impact in '26, and we expect that cadence to continue given the pipeline that we have.

Okay. Great. And then I did want to ask on Dimensa here. What made this kind of an attractive takeout for you guys? And obviously, it closes here expected in the second quarter. But what's kind of the plan once once you guys take control of that asset? Do you see potential cross-sell opportunity? Or just any color on what made this an attractive asset and the plan once you guys acquire it?

Sure. So look, I mean, the one thing we're very excited about is the success of Sinqia. We made that acquisition about 2, 2.5 years ago, and we've really seen the growth reaccelerate. So we're pleased with what Claudio and the team have done there to get the growth that they're getting today. And it's been a great asset to roll up additional acquisitions. We did it with Tecnobank, and now we're excited about Dimensa. The thing about Dimensa is it's a JV between TOTVS, which is one of the big tech companies out of Brazil and B3, which is the exchange. So it's 2 very reputable companies that have built this JV. And we're excited because it has everything that you described. One is it gets us into a new vertical with insurance. It also lets us have additional products and double down on some of the verticals we're in and significant cross-sell opportunities both ways. They have 15,000 clients. We have our role to clients. So it's a new vertical. We see cross-sell opportunities and potentially some cost synergies as well.

Okay. Great. Thank you guys.

And our next question comes from Cris Kennedy from William Blair. Please go ahead with your questions.

Yes, good afternoon. Thanks for taking the question. Just a follow-up on the last one. I mean, M&A activity has picked up recently. Should we expect that type of pace to continue as we go forward here?

Hey, Cris, so I mean, what I would say is, as you know, you followed the story for a while. We're pretty excited because this year, we'll have over 40% of our revenues outside of Puerto Rico. So it creates a nice growth formula for the company as you look at how that segment grows compared to our Puerto Rican businesses. So the M&A and the organic growth has created sort of the new EVERTEC when it comes to a formulaic perspective around growth. Demensa is meaningful. We're going to really focus on integrating that once we make that acquisition, just like we did Sinqia. But we'll continue to invest in M&A because we think there are good opportunities. The larger our presence we have in the region, the more it makes sense to buy stuff because we can identify it and then we have even more synergies around those types of deals. So we'll continue to look at that. It's -- we're going to have a low leverage ratio, so we still have capacity. So we'll continue to look at deals. But just like we did with Sinqia, our focus this year will really be integrating Dimensa.

Understood. Thanks for that. And then just as a follow-up, ATH Movil continues to be very strong. Can you just help us size that business? Thank you.

Yes. So I mean, as you know, we don't break out a lot of different metrics, but ATH Movil has been a fantastic growth opportunity for us within the Payments Puerto Rico segment. And it continues to be one of the most preferred payment methods on the island. But we don't have a lot of statistics to break out on this call. I don't know, Karla, do you want to add anything?

No, I'll just add that it continues to grow good, including double-digit growth this quarter, and it's a great product that we have rolled out in the island to your point, Mac.

Look, it's a moat for -- the great thing about the banks here are ATH and ATH Movil give them a unique advantage against issuers from the mainland because these are futures you have to be a Puerto Rican bank to participate, and it creates differentiation for our local banks.

Great. Thanks for taking the questions.

[Operator Instructions]. Our next question comes from Lara Rosenstein from Susquehanna.

Hi, guys. Thank you for taking the question. I was wondering, could you please elaborate on your perspective on macro trends in Puerto Rico and how you expect this to trend in 2026?

Karla, do you want to?

Yes. We continue to see very stable macroeconomic environment here in the island. It has been reflected throughout the growth that we've seen this year or this past year in 2025, and it continues to reflect well as we see January results coming in.

Thank you very much.

Thank you.

[Operator Instructions]. And it's ing no additional questions, we'll end today's question-and-answer session. I'd like to turn the floor back over to management for any closing remarks.

This is Mac. I want to thank my colleagues for a successful 2025. We look forward to executing well in 2026, and I look forward to seeing the investors and the analysts in the coming weeks and coming months. Thanks again for your confidence. Have a good night.

And with that, we'll conclude today's conference call and presentation. We thank you for joining. You may now disconnect your lines.