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Income Tax (Tables)
12 Months Ended
Dec. 31, 2025
Major components of tax expense (income) [abstract]  
Summary of Deferred Income Tax Liabilities

Deferred income tax liabilities comprise:

 

 

2023

 

 

2024

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

Vacation reserve, accrued bonuses and share-based
   compensation

 

 

1,242

 

 

 

994

 

 

 

5,224

 

Carry forward tax losses

 

 

 

 

 

 

 

 

4,827

 

Property, equipment and intangible assets

 

 

(4,012

)

 

 

(5,369

)

 

 

(66,036

)

Other

 

 

527

 

 

 

48

 

 

 

3,883

 

Net valuation allowance for tax assets and incentives

 

 

 

 

 

 

 

 

(18,665

)

 

 

 

 

 

 

 

 

 

 

Net deferred tax liability

 

 

(2,243

)

 

 

(4,327

)

 

 

(70,767

)

Summary between Net Income before Tax and Income Tax Expenses

Relationships between net income before tax and income tax expenses are explained as follows:

 

 

2023

 

 

2024

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

Net income before tax

 

 

1,022,004

 

 

 

1,282,289

 

 

 

1,331,918

 

 

 

 

 

 

 

 

 

 

 

Tax at the statutory tax rate of 20%

 

 

(204,400

)

 

 

(256,458

)

 

 

(266,384

)

Effect of different tax rates operating in other jurisdictions

 

 

 

 

 

 

 

 

3,428

 

Non-taxable income

 

 

38,038

 

 

 

36,797

 

 

 

34,038

 

Non-deductible expense

 

 

(6,872

)

 

 

(5,794

)

 

 

(7,600

)

Additional tax from changes in tax legislation

 

 

 

 

 

 

 

 

(13,996

)

Utilized tax losses and incentives

 

 

 

 

 

 

 

 

1,231

 

Effect of unrecognised deferred taxes and inflation adjustments

 

 

 

 

 

 

 

 

(17,229

)

Adjustment recognized in the period for current tax of prior
   periods

 

 

 

 

 

 

 

 

2,301

 

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

 

(173,234

)

 

 

(225,455

)

 

 

(264,211

)

 

 

 

 

 

 

 

 

 

 

Current income tax expense

 

 

(174,196

)

 

 

(223,371

)

 

 

(197,771

)

Deferred income tax (expense)/benefit

 

 

962

 

 

 

(2,084

)

 

 

(66,440

)

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

 

(173,234

)

 

 

(225,455

)

 

 

(264,211

)

Summary of Net Deferred Tax Liability

 

2023

 

 

2024

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

Net deferred tax liability

 

 

 

 

 

 

 

 

 

Balance as at 31 December

 

 

(3,205

)

 

 

(2,243

)

 

 

(4,327

)

Change in deferred income tax balances recognized in profit
   or loss

 

 

962

 

 

 

(2,084

)

 

 

(606

)

Acquisition of subsidiary

 

 

 

 

 

 

 

 

(65,834

)

 

 

 

 

 

 

 

 

 

 

At the end of the period

 

 

(2,243

)

 

 

(4,327

)

 

 

(70,767

)