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CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Non-current assets    
Property, plant and equipment $ 5,302 $ 4,621
Goodwill and intangible assets 56,987 51,343
Financial assets 2,773 2,455
Deferred tax assets 3,924 3,553
Derivative financial instruments 249 166
Other assets 28 28
Total non-current assets 69,263 62,166
Current assets    
Inventories 18,828 19,374
Trade and other receivables 11,480 16,065
Income tax receivable 456 518
Cash and cash equivalents 5,138 5,167
Total current assets 35,902 41,124
TOTAL ASSETS 105,165 103,290
Equity attributable to the equity holders of the parent    
Share capital 40 4,190
Share premium 63,800 63,397
Treasury shares (24,922) (24,922)
Accumulated deficit (116,169) (79,117)
Translation reserve (5,777) (5,461)
Equity component of convertible note 6,709 6,709
Other reserves 4,337 23
Total deficit (71,982) (35,181)
Current liabilities    
Senior secured term loan 108,015 0
Income tax payable 348 364
Trade and other payables 29,703 26,782
Provisions 345 2,454
Exchangeable notes and other borrowings 210 210
Lease liabilities 2,588 2,285
Total current liabilities 141,209 32,095
Non-current liabilities    
Senior secured term loan 0 72,391
Derivative financial liability 3,320 1,658
Convertible note 16,330 15,401
Contingent consideration 0 1,813
Provisions 781 75
Lease liabilities 10,840 10,477
Deferred tax liabilities 4,667 4,561
Total non-current liabilities 35,938 106,376
TOTAL LIABILITIES 177,147 138,471
TOTAL EQUITY AND LIABILITIES $ 105,165 $ 103,290