XML 298 R5.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statement of Changes in Equity - USD ($)
$ in Thousands
Total
Total parent equity
Share Capital
Share premium
Treasury Shares
Merger reserve
Translation reserve
Other reserve
Retained earnings/ (accumulated deficit)
Non-controlling interests
Beginning balance number of shares outstanding (in shares) at Dec. 31, 2022     289,161,653   (10,595,347)          
Equity at beginning of period at Dec. 31, 2022 $ 547,589 $ 542,220 $ 5,455 $ 289,624 $ (26,492) $ 138,506 $ 89 $ (14,478) $ 149,516 $ 5,369
Net income/(loss) (66,628) (65,697)             (65,697) (931)
Other comprehensive income/(loss) for the year 92 92         92      
Total comprehensive income/(loss) (66,535) (65,604)         92   (65,697) (931)
Deconsolidation of Subsidiary (9,085)                 (9,085)
Exercise of stock options (in shares)     306,506   239,226          
Exercise of stock options 1,153 1,153 $ 6 638 $ 530     (22)    
Purchase of treasury stock (in shares)         (7,683,526)          
Purchase of Treasury stock (19,650) (19,650)     $ (19,650)          
Equity-settled share-based awards expense 3,625 3,348           3,348   277
Expiration of share options in subsidiary 0 1,458           1,458   (1,458)
Settlement of restricted stock units (in shares)         425,219          
Settlement of restricted stock units 1,142 1,142     $ 986     156    
Other (6)                 (6)
Ending balance number of shares outstanding (in shares) at Dec. 31, 2023     289,468,159   (17,614,428)          
Equity at end of period at Dec. 31, 2023 458,232 464,066 $ 5,461 290,262 $ (44,626) 138,506 182 (9,538) 83,820 (5,835)
Net income/(loss) 27,782 53,510             53,510 (25,728)
Other comprehensive income/(loss) for the year 0                  
Total comprehensive income/(loss) 27,782 53,510             53,510 (25,728)
Deconsolidation of Subsidiary 7,430                 7,430
Exercise of stock options (in shares)         412,729          
Exercise of stock options 895 895     $ 1,041     (146)    
Repurchase and cancellation of ordinary shares from Tender Offer (in shares)     (31,540,670)              
Repurchase and cancellation of ordinary shares from Tender Offer $ (104,844) (104,844) $ (600)         600 (104,844)  
Purchase of treasury stock (in shares) (18,506,177)       (1,903,990)          
Purchase of Treasury stock $ (4,791) (4,791)     $ (4,791)          
Equity-settled share-based awards expense 21,941 4,569           4,569   17,372
Expiration of share options in subsidiary 0 1           1   (1)
Settlement of restricted stock units (in shares)         599,512          
Settlement of restricted stock units 1,301 1,301     $ 1,512     (211)    
Other (12)                 (12)
Ending balance number of shares outstanding (in shares) at Dec. 31, 2024     257,927,489   (18,506,177)          
Equity at end of period at Dec. 31, 2024 407,933 414,707 $ 4,860 290,262 $ (46,864) 138,506 182 (4,726) 32,486 (6,774)
Net income/(loss) (110,084) (109,739)             (109,739) (345)
Other comprehensive income/(loss) for the year 0                  
Total comprehensive income/(loss) (110,084) (109,739)             (109,739) (345)
Exercise of stock options (in shares)         65,000          
Exercise of stock options 106 106     $ 164     (58)    
Equity-settled share-based awards expense 7,095 6,338           6,338   758
Expiration of share options in subsidiary 0 36           36   (36)
Settlement of restricted stock units (in shares)         2,197,726          
Settlement of restricted stock units 603 603     $ 5,544     (4,942)    
Other 23 23     $ 1       22  
Ending balance number of shares outstanding (in shares) at Dec. 31, 2025     257,927,489   (16,243,451)          
Equity at end of period at Dec. 31, 2025 $ 305,676 $ 312,073 $ 4,860 $ 290,262 $ (41,154) $ 138,506 $ 182 $ (3,352) $ (77,231) $ (6,397)