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Consolidated Statement of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Non-current assets    
Property and equipment, net $ 5,202 $ 7,069
Right of use asset, net 6,297 8,061
Intangible assets, net 601 601
Investments held at fair value 217,426 191,426
Investment in associates – equity method 0 2,397
Investment in notes from associates, non-current 0 6,350
Other non-current assets 165 475
Total non-current assets 229,692 216,379
Current assets    
Trade and other receivables 1,758 1,522
Income tax receivable 6,372 0
Prepaid expenses 6,576 4,404
Other financial assets 1,596 1,642
Investment in notes from associates, current 11,417 11,381
Short-term investments 24,829 86,666
Cash and cash equivalents 252,470 280,641
Total current assets 305,018 386,256
Total assets 534,710 602,635
Equity    
Share capital 4,860 4,860
Share premium 290,262 290,262
Treasury stock (41,154) (46,864)
Merger reserve 138,506 138,506
Translation reserve 182 182
Other reserve (3,352) (4,726)
Retained earnings/(Accumulated deficit) (77,231) 32,486
Equity attributable to the owners of the Group 312,073 414,707
Non-controlling interests (6,397) (6,774)
Total equity 305,676 407,933
Non-current liabilities    
Sale of future royalties liability, non-current 170,422 136,782
Lease liability, non-current 11,087 14,671
Liability for share-based awards 1,217 1,861
Total non-current liabilities 182,726 153,314
Current liabilities    
Lease liability, current 3,584 3,579
Trade and other payables 23,185 27,020
Sale of future royalties liability, current 13,247 6,435
Tax liability, current 1,208 75
Notes payable 4,916 4,111
Preferred share liability 169 169
Total current liabilities 46,309 41,388
Total liabilities 229,034 194,702
Total equity and liabilities $ 534,710 $ 602,635