Such openness can only be embodied and affirmed when viewed through our journey at MAIRE, and as we celebrate the twentieth anniversary of its foundation in 2025 "of today's MAIRE, which began with the acquisition of Tecnimont), we can certainly say that it is not a consideration of a single moment, but one that runs through our entire history. For us, courage is the force that makes "Rise Together" possible: it is the choice to challenge ourselves, to work on ourselves, and to lead teams with ever greater awareness, certain that collective growth stems from individual acts of courage. The many paths of development designed over the years have helped us appreciate differences and build authentic relationships. Courage is also found in those who face a job interview, those who change roles, and those who put themselves in play on a new project.

We have seen this spirit in all of our colleagues, from the youngest to the most senior—regardless of their roles and activities—and in the young men and women participating in the Flourishing Program, all within a learning ecosystem that focuses on individual awareness and shared growth. It is not just about training, but about paths that stimulate dialogue between generations, the cross-pollination of ideas, and the building of an evolving corporate culture.

We experienced this in Challenging Mentoring, where mentors and mentees worked together, measuring themselves against real challenges related to the Business Plan. It was a workshop for intergenerational and interfunctional exchange, where value springs from the ability to listen and propose innovative solutions. It is a demonstration that even those at the beginning of their careers can bring different and valuable ideas and perspectives, contributing in a concrete way to the Group's success.

In the Academies, such as the one created with the University of Catania, our colleagues have passed on their experience to younger people, transforming it into knowledge and new skills. This investment—which we are replicating in Saudi Arabia, the United Arab Emirates, and Kazakhstan, taking our model of training and collaboration beyond our national borders—generates value for everyone: for those who teach, those who learn, and the territories in which we operate.

"Rise Together" is the realization that no one can achieve results alone. It is synonymous with shared responsibility, mutual trust, and the ability to face challenges together. At MAIRE, each person is the protagonist of their own journey, supported by an environment that values initiative, exchange, and growth. Dialogue is a key tool for development, fostering discussion as a means of increasing awareness and stimulating initiative.

The transformation we are experiencing also entails the adoption of new technologies. Artificial intelligence and the use of tools such as Copilot are changing the way we work, learn, and collaborate. AI is an integral part of a cultural and organizational transformation that always puts people at the center. As our Chairman Fabrizio Di Amato pointed out at Capital Markets Day, even a simple bicycle can become a symbol of the transition: the hydrogen-powered bicycle, capable of traveling sixty kilometers on half a liter of fuel, is an example of how innovation can improve everyday life while giving us a concrete illustration of the future we are building. This example also speaks to our expertise: as the MAIRE Group, we build plants and technologies for hydrogen production, thereby contributing to the spread of sustainable solutions around the world. The "Humans in the Loop" philosophy reflects our deepest conviction: it is human intelligence that drives change and gives meaning to innovation. We have come to realize that the true value of AI only emerges when it is integrated with people's judgment, creativity, and collaboration. With this vision, based on responsibility and trust, MAIRE is embarking on its AI Journey, aware that technology expresses its strength and power to the extent that, and only if, it amplifies human potential.

We have chosen to invest in concrete tools: from training in Diversity, Equity, and Inclusion that has been extended worldwide, LinkedIn Learning access made available to every employee, to the MAIREmpower Summer School for high school students. These initiatives all speak to and about the future, but begin in the here and now, with people. The Summer School, in particular, offered a group of young people an intensive and transformative experience, ranging from sustainability to the circular economy, artificial intelligence to soft skills.

Courage also manifests itself in the ability to build bridges between different worlds: between school and work, between technical disciplines and the humanities, between generations and cultures. It is the attitude of those who believe that sustainability is not only about the environment, but also about society and its organization as a whole. It is the courage of those who choose to stay, to grow together with others, and to contribute to the growth of our Group.

In recruiting, we have strengthened our employer branding, presenting MAIRE as a place where people can shape their own career path with dignity and vision. In onboarding, we have created personalized experiences to support new colleagues, helping them feel part of the corporate community from the moment they arrive. In engagement, we have listened to people, gathered feedback, and developed measures for improvement.

Our performance management model is increasingly focused on dialogue and the promotion of responsibility. It is not simply a question of evaluation, but one of accompanying, supporting, and building shared goals and the paths needed to achieve them together. MAIRE's growth also stems from its ability to manage change. In a complex global context, we have chosen to invest in continuous training, the exchange of ideas, and the creation of an open and inclusive organizational culture. People's well-being is a priority: not just their welfare, but also in terms of listening, care, and attention.

"Rise Together" is our mutual promise every day: to grow together with determination. A future in which each person can find their own place and to which they can contribute with their skills, while feeling part of a common project.

This year, as I mentioned, marks the twentieth anniversary of MAIRE's founding. Although undoubtedly less important, I would like to take this opportunity to share that I personally have had the honor of being part of this company for twenty years. I can only thank the colleagues I have met over the years, who have allowed me to grow, and to navigate projects and scenarios that have been challenging and always surprising, together.