FINANCIAL INCOME AND EXPENSES

6 Months Ended

Jun. 30, 2025

Disclosure Of Financial Income And Expenses [Abstract]

FINANCIAL INCOME AND EXPENSES

4. FINANCIAL INCOME AND EXPENSES

	Six month period ended
	June 30, 2025 US$‘000			June 30, 2024 US$‘000
Financial income:
Fair value adjustments of derivative financial instruments (Note 10)		-			55
		-			55
Financial expense:
Interest on leases		(319	)		(297	)
Cash interest on convertible & exchangeable notes		(154	)		(154	)
Cash interest on senior secured term loan (Note 10)		-			(4,545	)
Payment-in-kind interest on senior secured term loan (Note 10)		(5,320	)		-
Accretion interest on convertible & exchangeable notes (Note 10)		(456	)		(422	)
Accretion on senior secured term loan (Note 10)		(1,373	)		(1,068	)
Accretion interest on contingent liability		(29	)		(24	)
Fair value adjustments of derivative financial instruments (Note 10)		445			(980	)
Capitalization of borrowing costs		1,405			824
EIR catch up adjustment		1,142			3,566
Reversal of cash interest payable on PPP loans		228			-
		(4,431	)		(3,100	)
Net Financing Expense		(4,431	)		(3,045	)