Operator
Good day, and thank you for standing by. Welcome to the Borr Drilling Limited Q4 2025 Results Presentation Webcast and Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.
I would now like to turn the conference over to your speaker, Mr. Bruno Morand, CEO. Please go ahead.
Bruno Morand
Chief Executive Officer
Good morning, and thank you for participating in Borr Drilling’s fourth quarter earnings call. I’m Bruno Morand, and with me here today in Dubai is Magnus Vaaler, our Chief Financial Officer.
First, covering the required disclaimers. I would like to remind all participants that some of the statements will be forward-looking. These matters involve risks and uncertainties that could cause actual results to differ materially from those projected in these statements. I, therefore, refer you to our latest public filings.
For today’s call, I’ll start with a review of Q4 and highlight key developments since the quarter end. Magnus will then review our quarterly and full year financial results. I’ll follow with a deeper look into the commercial execution, and we’ll conclude with some comments on the business outlook.
Let’s get started. Before going to the results, I would like to take a moment to recognize our teams around the world. During the fourth quarter, several of our rigs achieved noteworthy safety milestones. That includes the rigs, Idun and Grid reaching 6 and 3 years LTI-free, respectively, and the rigs, Gunlord & Grid reaching 1-year incident free.
Additionally, we’re
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