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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Total attributable to Shareholders of the Company
Share capital
Share-based payment reserve
Accumulated OCI
Retained earnings (deficit)
Non-controlling interest
Equity at beginning of period at Dec. 31, 2023 $ 381,034 $ 299,906 $ 418,649 $ 2,419 $ 0 $ (121,162) $ 81,128
Share-based payments 9,026 9,026 2,953 9,026      
Shares issued in public offering 153,017 153,017 153,017        
Shares issued for payment of Kurmuk deferred consideration 12,500 12,500 12,500        
Shares issued to settle RSUs 0   2,953 (2,953)      
Dividend paid to minority shareholder (6,677)           (6,677)
Total (loss) earnings and comprehensive (loss) earnings (132,603) (128,684)     (13,052) (115,632) (3,919)
Equity at end of period at Dec. 31, 2024 416,297 345,765 587,119 8,492 (13,052) (236,794) 70,532
Share-based payments 30,727 30,727 8,679 30,727      
Shares issued in public offering 196,307 196,307 196,307        
Recognition of non-controlling interest 5,523 7,835       7,835 (2,312)
Distribution of dividend in kind to non-controlling interest (23,896)           (23,896)
Shares issued for payment of Kurmuk deferred consideration 21,250 21,250 21,250        
Shares issued to settle RSUs 374 374 8,679 (8,305)      
Dividend paid to minority shareholder (2,408)           (2,408)
Total (loss) earnings and comprehensive (loss) earnings (139,495) (194,649)     (142,802) (51,847) 55,154
Equity at end of period at Dec. 31, 2025 $ 504,679 $ 407,609 $ 813,355 $ 30,914 $ (155,854) $ (280,806) $ 97,070