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Segmental Reporting (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure of operating segments [abstract]  
Disclosure of segmental revenues and results
 
   
For the year ended December 31, 2024
 
   
MENA
   
Europe
   
 
 
USA
   
Total reportable
segments
   
Others
   
Adjustments
   
Total
 
   
USD in thousands
 
Revenues
   
155,693
     
197,143
     
15,748
     
368,584
     
9,351
     
-
     
377,935
 
Tax benefits
   
-
     
-
     
20,860
     
20,860
     
-
     
-
     
20,860
 
External revenues and income
   
155,693
     
197,143
     
36,608
     
389,444
     
9,351
     
-
     
398,795
 
Inter-segment revenues
   
-
     
-
     
-
     
-
     
5,569
     
(5,569
)
   
-
 
Total revenues and income
   
155,693
     
197,143
     
36,608
     
389,444
     
14,920
     
(5,569
)
   
398,795
 
                                                         
Cost of sales (**)
   
29,792
     
35,450
     
4,957
     
70,199
     
9,470
     
1,027
     
80,696
 
                                                         
Segment adjusted EBITDA
   
123,724
     
165,385
     
33,539
     
322,648
     
4,141
     
-
     
326,789
 
           
Reconciliations of unallocated amounts:
         
Headquarter costs (*)
     
(37,774
)
Intersegment profit
     
100
 
Depreciation and amortization and share-based compensation
     
(117,249
)
Other incomes not attributed to segments
     
3,669
 
Operating profit
     
175,535
 
Finance income
     
20,439
 
Finance expenses
     
(107,844
)
Share in the losses of equity accounted investees
     
(3,350
)
Profit before income taxes
     
84,780
 
 
 
(*) Including general and administrative and development expenses (excluding depreciation and amortization and share-based compensation).
 
   
(**) Excluding depreciation and amortization.
 
 
   
For the year ended December 31, 2023
 
   
MENA
   
Europe
   
 
USA
   
Total reportable
segments
   
Others
   
Adjustments
   
Total
 
   
USD in thousands
 
Revenues
   
67,687
     
177,471
     
2,274
     
247,432
     
8,270
     
-
     
255,702
 
Tax benefits
   
-
     
-
     
5,440
     
5,440
     
-
     
-
     
5,440
 
External revenues and income
   
67,687
     
177,471
     
7,714
     
252,872
     
8,270
     
-
     
261,142
 
Inter-segment revenues
   
-
     
-
     
-
     
-
     
9,074
     
(9,074
)
   
-
 
Total revenues and income
   
67,687
     
177,471
     
7,714
     
252,872
     
17,344
     
(9,074
)
   
261,142
 
                                                         
Cost of sales (**)
   
13,204
     
31,670
     
778
     
45,652
     
12,888
     
(5,746
)
   
52,794
 
                                                         
Segment adjusted EBITDA
   
71,350
     
150,677
     
12,133
     
234,160
     
3,035
     
-
     
237,195
 
           
Reconciliations of unallocated amounts:
         
Headquarter costs (*)
     
(30,434
)
Intersegment profit
     
1,587
 
Repayment of contract asset under concession arrangements
     
(14,120
)
Depreciation and amortization and share-based compensation
     
(70,766
)
Other incomes not attributed to segments
     
34,681
 
Operating profit
     
158,143
 
Finance income
     
36,799
 
Finance expenses
     
(68,143
)
Share in the losses of equity accounted investees
     
(330
)
Profit before income taxes
     
126,469
 
 
 
 
(*) Including general and administrative and development expenses (excluding depreciation and amortization and share-based compensation).
 
   
(**) Excluding depreciation and amortization.
 
   
For the year ended December 31, 2022
 
   
MENA
   
Europe
   
 
USA
   
Total reportable segments
   
Others
   
Adjustments
   
Total
 
   
USD in thousands
 
Revenues
   
51,363
     
129,696
     
-
     
181,059
     
11,113
     
-
     
192,172
 
Tax benefits
   
-
     
-
     
-
     
-
     
-
     
-
     
-
 
External revenues and income
   
51,363
     
129,696
     
-
     
181,059
     
11,113
     
-
     
192,172
 
Inter-segment revenues
   
-
     
-
     
-
     
-
     
9,111
     
(9,111
)
   
-
 
Total revenues and income
   
51,363
     
129,696
     
-
     
181,059
     
20,224
     
(9,111
)
   
192,172
 
                                                         
Cost of sales (**)
   
9,697
     
23,396
     
-
     
33,093
     
13,950
     
(6,605
)
   
40,438
 
                                                         
Segment adjusted EBITDA
   
57,598
     
101,931
     
-
     
159,529
     
4,018
     
-
     
163,547
 
           
Reconciliations of unallocated amounts:
         
Headquarter costs (*)
     
(18,071
)
Intersegment profit
     
2,038
 
Repayment of contract asset under concession arrangements
     
(17,579
)
Depreciation and amortization and share-based compensation
     
(50,940
)
Other incomes not attributed to segments
     
11,617
 
Operating profit
     
90,612
 
Finance income
     
23,341
 
Finance expenses
     
(62,591
)
Share in the losses of equity accounted investees
     
(306
)
Profit before income taxes
     
51,056
 
 
 
 

(*) Including general and administrative and development expenses (excluding depreciation and amortization and share-based compensation).

 
   
(**) Excluding depreciation and amortization.