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Consolidated Interim Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from (used in) operating activities    
Profit for the interim period $ 23,912 $ 30,376
Adjustments to reconcile profit to net cash from operating activities:    
Depreciation and amortization 1,112 1,560
Unrealized gain on foreign currency (207) (3,778)
Unrealized loss on foreign currency 336 189
Gain on valuation of financial assets (290) 0
Loss on valuation of financial assets 11 7
Interest income (3,806) (3,431)
Interest expense 449 589
Provision for severance benefits 108 (299)
Other long-term employee benefits 289 668
Income tax expense 8,866 7,997
Working capital adjustments:    
Accounts receivable, net 1,383 (1,808)
Prepaid expenses, and other assets 518 578
Other non-current assets 53 236
Accounts payable and accrued expenses 3,369 1,291
Contract liabilities (341) (112)
Other current and non-current liabilities (19) (644)
Cash generated from operations 35,743 33,419
Interest received 6,180 2,486
Interest paid (61) (104)
Income taxes paid (742) (93)
Net cash inflow from operating activities  41,120 35,708
Cash flows from investing activities    
Purchase of property and equipment (120) (14)
Purchase of short-term investments (141,081) (31,934)
Sales of short-term investment 131,221 0
Net cash (outflow) from investing activities  (9,980) (31,948)
Cash flows from financing activities    
Repayment of lease liabilities (207) (793)
Net cash (outflow) from financing activities  (207) (793)
Net increase in cash and cash equivalents 30,933 2,967
Effect of exchange rate changes on cash and cash equivalents (119) (15)
Cash and cash equivalents at beginning of the interim period 334,850 206,911
Cash and cash equivalents at end of the interim period $ 365,664 $ 209,863