Humza Yousaf explains the co-operation with the Scottish Greens lasted for nearly three years and the Bute House agreement has "undoubtedly brought a number of successes".
"I believe the benefits have outweighed the compromises." The first minister says when he said the agreement was "worth its weight in gold" he meant it.
"However it is now my judgement that the balance has shifted." He says it has served its purpose and after "careful consideration I believe it is in the best interests of the people of Scotland to pursue a different arrangement".
"I have formally notified Patrick Harvie and Lorna Slater that I am terminating the Bute House agreement with immediate effect," says the first minister.
The first minister tells the media how the SNP needs the freedom and flexibility to "move Scotland forward", adding: "We need to speak to the country with one voice - our voice".
He says today marks a "new beginning" for the SNP government, which includes plans to tackle child poverty, stand up for minorities, help the country during the cost of living crisis, and tackle the climate crisis.
"During my first year of leadership, I hope I have demonstrated to you that I am fighting to change Scotland for the better," he says.
"I am working tirelessly to build a strong, sustainable economy that works for everyone, to strengthen our NHS and other public services, to build a country in which everyone feels accepted and able to reach their potential, and to do what I can in my own way to create a more peaceful world."
Yousaf confirms he will lead a minority government, accepting it will be "tough".
The first minister concludes his statement with a direct message to the people of Scotland.
He says he is "fighting to change Scotland for the better".
"As your first minister I will always put Scotland first."
https://www.bbc.co.uk/news/live/cz5dy15grjnt