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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Loss before Income tax from continuing operations $ (97,559) $ (98,600) $ (206,162)
Loss before Income tax from discontinued operations 0 (4,917) (25,128)
Loss before Income tax (97,559) (103,517) (231,290)
Depreciation and amortization of tangible and intangible assets 8,265 9,841 11,646
Impairment losses on loans, receivables and other assets 715 1,054 6,008
Impairment losses on obsolete inventories 197 215 1,947
Share-based compensation expense 6,541 5,276 8,240
Net loss from disposal of tangible and intangible assets 854 173 35
Change in provision for liabilities and other charges (3,125) (17,089) 473
Lease modification (income)/expense (94) 95 23
Interest income (569) (2,353) (2,721)
Discounting effect (income) / expense (289) (73) 486
Net foreign exchange (gain)/loss 13,359 10,942 5,517
Net loss on financial instruments at fair value through profit or loss 16,163 13,364 7,167
Impairment losses / (reversals) on financial assets at fair value through OCI (17) 0 (35)
Net loss recognized on disposal of debt instruments held at fair value through OCI 3,427 3,908 2,290
Share-based compensation expense - settlement (178) (291) (444)
(Increase)/Decrease in trade and other receivables, prepaid expenses and other tax receivables 3,242 8,159 (39,526)
Increase in inventories 834 (236) (4,036)
Increase/(Decrease) in trade and other payables, deferred income and other tax payables (5,594) 699 (3,099)
Income taxes paid (3,375) (3,143) (2,859)
Net cash flows used in operating activities (57,203) (72,976) (240,178)
Cash flows from investing activities      
Purchase of property and equipment (3,678) (2,253) (11,147)
Proceeds from sale of property and equipment 332 112 11
Interest received 1,934 4,826 4,762
Movement in other non-current assets (269) 471 (1,586)
Movement in term deposits and other financial assets (8,721) 59,377 220,207
Net cash flows (used in) / from investing activities (10,402) 62,533 212,247
Cash flows from financing activities      
Interest settled - financing 0 (1,083) (41)
Payment of lease interest (1,025) (1,105) (1,496)
Repayment of lease liabilities (4,098) (5,185) (7,170)
Equity transaction costs (5,055) (40) (79)
Capital Contributions 99,642 0 0
Proceeds from exercise of stock options 0 0 26
Net cash flows (used in) / from financing activities 89,464 (7,413) (8,760)
Net decrease in cash and cash equivalents 21,859 (17,856) (36,691)
Effect of exchange rate changes on cash and cash equivalents (1,982) (18,241) (8,820)
Cash and cash equivalents at the beginning of the period 35,483 71,579 117,090
Cash and cash equivalents at the end of the period $ 55,360 $ 35,483 $ 71,579