Cochlear Limited (CHEOF) Q4 2025 Earnings Call Transcript

2025-08-15 01:01:48 ET

Cochlear Limited (CHEOF)

Q4 2025 Earnings Conference Call

August 14, 2025 08:00 PM ET

Company Participants

Diggory William Howitt - CEO, MD, President & Executive Director

Sarah Thom - Chief Financial Officer

Conference Call Participants

Andrew Goodsall - MST Financial Services Pty Limited, Research Division

Andrew Paine - CLSA Limited, Research Division

Christine Trinh - Macquarie Research

Craig Wong-Pan - RBC Capital Markets, Research Division

David A. Low - JPMorgan Chase & Co, Research Division

David Andrew Stanton - Jefferies LLC, Research Division

David Bailey - Unidentified Company

Morgan Stanley - Unidentified Company

Davinthra Thillainathan - Goldman Sachs Group, Inc., Research Division

Lyanne Harrison - BofA Securities, Research Division

Marcus Curley - UBS Investment Bank, Research Division

Sacha Krien - Unidentified Company

Evanson Partners - Unidentified Company

Saul Hadassin - Barrenjoey Markets Pty Limited, Research Division

Steven David Wheen - Jarden Limited, Research Division

Presentation

Operator

Thank you for standing by, and welcome to the Cochlear Limited FY '25 Results Analyst and Media Briefing. [Operator Instructions] I would now like to hand the conference over to Mr. Dig Howitt, CEO and President. Please go ahead.

Diggory William Howitt

Good morning, everyone, and thank you for joining our results presentation. Let's get underway. And as always, we are starting with our mission. And our mission serves as a guide across the company. That it has 2 important points. One is that the purpose that sits in our mission enables us to attract outstanding people. And the other thing it reminds us of is the long-term nature of our business and the long-term nature of our strategy to help more people hear and be heard.

And so I wanted to start the presentation today with a look at our '25 year financial history. And doing that to put in context the F '25. So as you've already seen, our sales were below our expectations for '25. And then it's really a question of how do we respond. And I want to put how do we respond to lower sales in the context of history....

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