Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure Of Income Taxes [Abstract]

Disclosure of detailed information about tax balances presented in the statement of financial position

	As of December 31
	2024			2023
	USD in thousands			USD in thousands
Current tax assets (liabilities):
Current tax assets		4,719			3,316
Current tax liabilities		(12,016	)		(10,565	)
Total current tax assets (liabilities)		(7,297	)		(7,249	)
Non-current tax assets (liabilities):
Deferred tax assets		10,744			9,134
Deferred tax liabilities		(41,792	)		(44,941	)
Total non-current tax assets (liabilities)		(31,048	)		(35,807	)

Disclosure of temporary difference, unused tax losses and unused tax credits

	Balance as of January 1 2024			Classification			Recognized in the statement of income			Other comprehensive income			Initial consolidation			Balance as of December 31 2024
	USD in thousands			USD in thousands			USD in thousands			USD in thousands			USD in thousands			USD in thousands
Temporary differences:
Fixed assets		(15,664	)		(13,463	)		(5,801	)		87			(534	)		(35,375	)
IFRS 16 – Leases		1,475			59			361			(2	)		-			1,893
Financial instruments		(12,319	)		-			226			4,184			-			(7,909	)
Contractual asset in respect of    concession arrangements		(15,173	)		15,173			-			-			-			-
Contingent consideration		(10,096	)		-			(2,323	)		25			-			(12,394	)
Tax equity arrangement		-			-			(9,944	)		(129	)		-			(10,073	)
Disposal groups classified as held   for sale		-			1,801			-			-			-			1,801
Others		(14,387	)		-			875			5,600			-			(7,912	)
Total		(66,164	)		3,570			(16,606	)		9,765			(534	)		(69,969	)
Unused losses and tax benefits:
Tax losses		30,357			(3,570	)		12,144			(10	)		-			38,921
		30,357			(3,570	)		12,144			(10	)		-			38,921
Total		(35,807	)		-			(4,462	)		9,755			(534	)		(31,048	)

	Balance as of January 1 2023			Recognized in the statement of income			Other comprehensive income			Balance as of December 31 2023
	USD in thousands			USD in thousands			USD in thousands			USD in thousands
Temporary differences:
Fixed assets		(14,620	)		(1,465	)		421			(15,664	)
IFRS 16 – Leases		845			649			(19	)		1,475
Financial instruments		(5,556	)		468			(7,231	)		(12,319	)
Contractual asset in respect of concession arrangements		(16,723	)		1,042			508			(15,173	)
Contingent consideration		(1,584	)		(8,477	)		(35	)		(10,096	)
Others		(4,211	)		(3,458	)		(6,718	)		(14,387	)
Total		(41,849	)		(11,241	)		(13,074	)		(66,164	)
Unused losses and tax benefits:
Tax losses		32,399			(1,067	)		(975	)		30,357
		32,399			(1,067	)		(975	)		30,357
Total		(9,450	)		(12,308	)		(14,049	)		(35,807	)

Disclosure of expenses (income) from income taxes which were recognized in the statement of income

	For the year ended December 31
	2024			2023			2022
	USD in thousands			USD in thousands			USD in thousands
Current taxes:
Current tax expenses		13,747			17,715			8,061
Prior year taxes		66			(1,595	)		-
Total current taxes		13,813			16,120			8,061
Deferred taxes:
Deferred tax expenses in respect of the creation and reversal of temporary differences		16,606			11,241			13,052
Prior year taxes		(1,303	)		-			-
Expenses (income) from the creation of deferred taxes in respect of losses and unused tax benefits		(10,841	)		1,067			(8,170	)
Total deferred taxes		4,462			12,308			4,882
Total expenses from income taxes		18,275			28,428			12,943

Disclosure of reconciliation between the theoretical tax on the pre-tax profit and the tax expense

	For the year ended December 31
	2024			2023			2022
	USD in thousands			USD in thousands			USD in thousands
Profit before income taxes from continuing operations		84,780			126,469			51,056
Primary tax rate of the Company		23	%		23	%		23	%
Tax calculated according to the Company’s primary tax rate		19,499			29,088			11,743
Additional tax (tax saving) in respect of:
No controlling share in the profits / losses of investee partnerships		(1,779	)		(1,653	)		(896	)
Different tax rate of foreign subsidiaries		(2,557	)		(2,080	)		(1,644	)
Non-deductible expenses		2,302			1,662			3,150
Exempt income		(390	)		(1,282	)		(1,170	)
Utilization of tax losses and benefits from prior years		1,126			924			310
Temporary difference in respect of subsidiaries for which deferred taxes were not recognized		1,537			3,433			1,270
Change in taxes in respect of previous years		(1,420	)		(1,847	)		143
Others		(43	)		183			37
Total income taxes from continuing operations as presented in profit or loss		18,275			28,428			12,943