Operator
[Audio Gap]
[Operator Instructions]. I’d like to turn the conference over to Mr. Rodrigo Aguiar, our CFO. You may begin sir.
Rodrigo Caldas de Aguiar
CFO & Member of executive board
Good morning, everyone, and welcome to our meeting to discuss the company’s results for the second quarter 2025. Joining me in this presentation are members of the company’s Executive Board as well as our Investor Relations team.
In the first part of the presentation, we will address some of the points related to the recent proposed amendment to the company’s core supervised reorganization plan as well as other measures necessary for the plan to be carried out. Then, we will move on to the slides detailing Oi’s performance in the quarter. We’d like to remind you that after the presentation, should there be any questions or comments, you may send them or e-mail to our Investor Relations team at [email protected].
Slide 4, please. On Slide 4, we would like to highlight the rationale as well as some of the key measures included in our proposed amendment to the reorganization plan. This initiative is aimed at generating short-term liquidity for the company with the goal of strengthening its long-term sustainability and value creation. This initiative aims to preserve cash by extending maturities and renegotiating terms with the main creditors, focusing exclusively on obligations that would otherwise result in immediate cash outflows.
The reason for the amendment is directly related to the nonfulfillment of key assumptions set forth in the plan that was approved in April 2024 that widened the funding gap already anticipated in the financial projections at the time. This is
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