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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Profit for the year, net of tax $ 25,534 $ 46,115 $ 7,410
Adjustments for:      
Depreciation and amortization 6,181 6,276 6,901
Share-based payments expense 1,278 2,032 3,751
Goodwill and Investments in equity accounted associates impairment     62,828
Income from share and put option forfeiture and cancellation   (609)  
Share of loss of equity-accounted associates 7,524 515 10,121
Impairment loss on trade and loan receivables and change in fair value of loans receivable 22 5,919 29,987
Property and equipment write-off     454
Impairment of intangible assets     547
Change in fair value of share warrant obligations and other financial instruments (913) (10,946) (2,767)
Change in fair value of other investments 1,698 115  
Unwinding of discount on the put option liability 129 129 366
Transaction costs     104
Trade and loan receivables write-off 59 119 81
Interest income (2,344) (4,017) (1,639)
Interest expense 76 61 116
Lease modification loss 6 33 (11)
Gain on acquisition of associates (47)    
Loss on sale of subsidiaries     4,969
Dividend income (1,371) (1,231) (231)
Foreign exchange loss 5,186 3,395 1,020
Income tax expense 4,509 3,879 3,760
Total cash flows from operations before changes in working capital 47,527 51,785 127,767
Changes in working capital:      
Decrease in deferred platform commissions 6,886 20,686 21,851
Decrease in deferred revenue (16,938) (42,917) (30,242)
Decrease/(increase) in trade and other receivables 6,012 (9,880) (4,498)
(Decrease)/increase in trade and other payables (10,394) (632) 2,282
Cash flows from (used in) operations (14,434) (32,743) (10,607)
Income tax paid (4,568) (1,088) (1,078)
Net cash flows generated from operating activities 28,525 17,954 116,082
Investing activities      
Acquisition of intangible assets (95) (16) (64)
Acquisition of property and equipment (343) (739) (994)
Acquisition of subsidiary net of cash acquired     (54,113)
Investments in equity accounted associates (7,524) (515) (17,970)
Loans granted (601) (1,933) (31,659)
Proceeds from repayment of loans 472 969 746
Disposal of intangible assets and property and equipment 4    
Acquisition of other investments (63,865) (107,159) (67,729)
Proceeds from redemption of investments 126,156 75,484  
Interest received 326 368  
Dividends received 1,371 1,078  
Net cash flows generated from/(used in) investing activities 55,901 (32,463) (171,783)
Financing activities      
Payments of lease liabilities (1,591) (1,892) (2,013)
Proceeds from loans receivable     224
Interest on lease (76) (56) (115)
Buy-back of the shares resulted from Tender offer (33,109)    
Payments from exercise of put option liability of Cubic Games Studio Ltd's previous shareholders (10,159)    
Net cash flows used in financing activities (44,935) (1,948) (1,904)
Net increase/(decrease) in cash and cash equivalents for the year 39,491 (16,457) (57,605)
Cash and cash equivalents at the beginning of the year 71,798 86,774 142,802
Effect of changes in exchange rates on cash held (240) 1,481 1,577
Cash and cash equivalents at the end of the year $ 111,049 $ 71,798 $ 86,774