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SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of operating segments [abstract]  
Schedule of Revenue by Geographical Area Based on Location of Assets

Revenue

Americas

 

Rest of World Ireland

 

Eliminations

 

Total

Year ended December 31, 2025

US$‘000

 

US$‘000

 

US$‘000

 

US$‘000

Revenue from external customers

32,390

 

11,395

 

-

 

43,785

Inter-segment revenue

19,586

 

3,606

 

(23,192)

 

-

 

 

 

 

 

 

 

 

Total revenue

51,976

 

15,001

 

(23,192)

 

43,785

 

Revenue

Americas

 

Rest of World Ireland

 

Eliminations

 

Total

Year ended December 31, 2024

US$‘000

 

US$‘000

 

US$‘000

 

US$‘000

Revenue from external customers

41,792

 

19,763

 

-

 

61,555

Inter-segment revenue

19,815

 

702

 

(20,517)

 

-

 

 

 

 

 

 

 

 

Total revenue

61,607

 

20,465

 

(20,517)

 

61,555

 

Revenue

Americas

 

Rest of World Ireland

 

Eliminations

 

Total

Year ended December 31, 2023

US$‘000

 

US$‘000

 

US$‘000

 

US$‘000

Revenue from external customers

44,984

 

11,848

 

-

 

56,832

Inter-segment revenue

21,867

 

872

 

(22,739)

 

-

 

 

 

 

 

 

 

 

Total revenue

66,851

 

12,720

 

(22,739)

 

56,832

Schedule of Revenue by Customers' Geographical Area

 

December 31, 2025

 

December 31, 2024

 

December 31, 2023

Revenue

US$‘000

 

US$‘000

 

US$‘000

Americas

        24,624

 

29,917

 

32,282

Asia / Africa

15,383

 

24,775

 

18,909

Europe (including Ireland) *

3,778

 

6,863

 

5,641

 

 

 

 

 

 

 

43,785

 

61,555

 

56,832

 

 

*

Revenue from customers in Ireland is not disclosed separately due to the immateriality of these revenues.

Schedule of Revenue by Major Product Group

 

December 31, 2025

 

December 31, 2024

 

December 31, 2023

Revenue

US$‘000

 

US$‘000

 

US$‘000

Clinical laboratory goods

31,678

 

39,372

 

42,288

Clinical laboratory services

4,006

 

4,750

 

5,453

Point-of-care

8,101

 

17,433

 

9,091

 

 

 

 

 

 

 

43,785

 

61,555

 

56,832

Schedule of Amount Relating From Revenue

 

December 31, 2025

 

December 31, 2024

 

December 31, 2023

Revenue

US$‘000

 

US$‘000

 

US$‘000

Revenue from contracts with customers

43,785

 

61,555

 

56,832

 

 

 

 

 

 

 

43,785

 

61,555

 

56,832

Schedule of Revenue Derives From Transfer of Goods and Services

 

 

 

Rest of World

 

 

Timing of revenue recognition

Americas

 

Ireland

 

Total

Year ended December 31, 2025

US$‘000

 

US$‘000

 

US$‘000

At a point in time

31,949

 

11,395

 

43,344

Over time

441

 

-

 

441

 

 

 

 

 

 

Total

32,390

 

11,395

 

43,785

 

 

 

 

Rest of World

 

 

Timing of revenue recognition

Americas

 

Ireland

 

Total

Year ended December 31, 2024

US$‘000

 

US$‘000

 

US$‘000

At a point in time

41,536

 

19,763

 

61,299

Over time

256

 

-

 

256

 

 

 

 

 

 

Total

41,792

 

19,763

 

61,555

 

 

 

 

Rest of World

 

 

Timing of revenue recognition

Americas

 

Ireland

 

Total

Year ended December 31, 2023

US$‘000

 

US$‘000

 

US$‘000

At a point in time

44,692

 

11,848

 

56,540

Over time

292

 

-

 

292

 

 

 

 

 

 

Total

44,984

 

11,848

 

56,832

Timing of revenue recognition

Americas

 

Asia / Africa

 

Europe

 

Total

Year ended December 31, 2025

US$‘000

 

US$‘000

 

US$‘000

 

US$‘000

At a point in time

24,182

 

15,383

 

3,778

 

43,343

Over time

442

 

-

 

-

 

442

 

 

 

 

 

 

 

 

Total

24,624

 

15,383

 

3,778

 

43,785

 

Timing of revenue recognition

Americas

 

Asia / Africa

 

Europe

 

Total

Year ended December 31, 2024

US$‘000

 

US$‘000

 

US$‘000

 

US$‘000

At a point in time

29,661

 

24,775

 

6,863

 

61,299

Over time

256

 

-

 

-

 

256

 

 

 

 

 

 

 

 

Total

29,917

 

24,775

 

6,863

 

61,555

 

Timing of revenue recognition

Americas

 

Asia / Africa

 

Europe

 

Total

Year ended December 31, 2023

US$‘000

 

US$‘000

 

US$‘000

 

US$‘000

At a point in time

31,990

 

18,909

 

5,641

 

56,540

Over time

292

 

-

 

-

 

292

 

 

 

 

 

 

 

 

Total

32,282

 

18,909

 

5,641

 

56,832

Schedule of Segment Results by Geographical Area

 

Rest of World

 

Americas

 

Ireland

 

Other

 

Total

Year ended December 31, 2025

US$‘000

 

US$‘000

 

US$‘000

 

US$‘000

Result before transformation costs, impairment and unallocated expenses

(1,291)

 

(5,639)

 

(327)

 

(7,257)

Transformation costs

(1,241)

 

(3,011)

 

-

 

(4,252)

Impairment charges

(2,177)

 

-

 

-

 

(2,177)

 

 

 

 

 

 

 

 

Result after impairment

(4,709)

 

(8,650)

 

(327)

 

(13,686)

Unallocated expenses *

 

 

 

 

 

 

(2,103)

 

 

 

 

 

 

 

 

Operating loss

 

 

 

 

 

 

(15,789)

Net financing expense (Note 6)

 

 

 

 

 

 

(21,388)

 

 

 

 

 

 

 

 

Loss before tax

 

 

 

 

 

 

(37,177)

Income tax charge (Note 7)

 

 

 

 

 

 

(199)

 

 

 

 

 

 

 

 

Loss for the year on continuing operations

 

 

 

 

 

 

(37,376)

Loss for the year on discontinued operations (Note 8)

 

 

 

 

 

 

-

 

 

 

 

 

 

 

 

Loss for the year

 

 

 

 

 

 

(37,376)

 

 

Rest of World

 

Americas

 

Ireland

 

Other

 

Total

Year ended December 31, 2024

US$‘000

 

US$‘000

 

US$‘000

 

US$‘000

Result before transformation costs, impairment and unallocated expenses

(2,503)

 

(9,386)

 

(315)

 

(12,204)

Transformation costs

(2,025)

 

(2,156)

 

 

 

(4,181)

Impairment charges

(612)

 

(796)

 

-

 

(1,408)

 

 

 

 

 

 

 

 

Result after impairment

(5,140)

 

(12,338)

 

(315)

 

(17,793)

Unallocated expenses *

 

 

 

 

 

 

(3,372)

 

 

 

 

 

 

 

 

Operating loss

 

 

 

 

 

 

(21,165)

Net financing expense (Note 6)

 

 

 

 

 

 

(9,565)

 

 

 

 

 

 

 

 

Loss before tax

 

 

 

 

 

 

(30,730)

Income tax charge (Note 7)

 

 

 

 

 

 

(486)

 

 

 

 

 

 

 

 

Loss for the year on continuing operations

 

 

 

 

 

 

(31,216)

Loss for the year on discontinued operations (Note 8)

 

 

 

 

 

 

(573)

 

 

 

 

 

 

 

 

Loss for the year

 

 

 

 

 

 

(31,789)

 

 

Rest of World

 

Americas

 

Ireland

 

Other

 

Total

Year ended December 31, 2023

US$‘000

 

US$‘000

 

US$‘000

 

US$‘000

Result before transformation costs, impairment and unallocated expenses

(4,365)

 

(7,886)

 

(104)

 

(12,355)

Impairment charges

(11,105)

 

-

 

-

 

(11,105)

 

 

 

 

 

 

 

 

Result after impairment

(15,470)

 

(7,886)

 

(104)

 

(23,460)

Unallocated expenses *

 

 

 

 

 

 

(3,585)

 

 

 

 

 

 

 

 

Operating loss

 

 

 

 

 

 

(27,045)

Net financing expense (Note 6)

 

 

 

 

 

 

(9,882)

 

 

 

 

 

 

 

 

Loss before tax

 

 

 

 

 

 

(36,927)

Income tax credit (Note 7)

 

 

 

 

 

 

59

 

 

 

 

 

 

 

 

Loss for the year on continuing operations

 

 

 

 

 

 

(36,868)

Profit for the year on discontinued operations (Note 8)

 

 

 

 

 

 

12,850

 

 

 

 

 

 

 

 

Loss for the year

 

 

 

 

 

 

(24,018)

 

*

Unallocated expenses represent head office general and administration costs of the Group, which cannot be allocated to the results of any specific geographical area.

Schedule of Segment Assets and Segment Liabilities by Geographical Area

 

Rest of World

 

Americas

 

Ireland

 

Other

 

Total

As at December 31, 2025

US$‘000

 

US$‘000

 

US$‘000

 

US$‘000

Assets and liabilities

 

 

 

 

 

 

 

Segment assets

35,219

 

60,404

 

24

 

95,647

Unallocated assets:

 

 

 

 

 

 

 

Income tax assets (current and deferred)

 

 

 

 

 

 

4,380

Cash and cash equivalents and short-term investments

 

 

 

 

 

 

5,138

 

 

 

 

 

 

 

 

Total assets as reported in the Group balance sheet

 

 

 

 

 

 

105,165

 

 

 

 

 

 

 

 

Segment liabilities

129,073

 

43,033

 

26

 

172,132

Unallocated liabilities:

 

 

 

 

 

 

 

Income tax liabilities (current and deferred)

 

 

 

 

 

 

5,015

 

 

 

 

 

 

 

 

Total liabilities as reported in the Group balance sheet

 

 

 

 

 

 

177,147

 

 

Rest of World

 

Americas

 

Ireland

 

Other

 

Total

As at December 31, 2024

US$‘000

 

US$‘000

 

US$‘000

 

US$‘000

Assets and liabilities

 

 

 

 

 

 

 

Segment assets

32,798

 

61,254

 

-

 

94,052

Unallocated assets:

 

 

 

 

 

 

 

Income tax assets (current and deferred)

 

 

 

 

 

 

4,071

Cash and cash equivalents and short-term investments

 

 

 

 

 

 

5,167

 

 

 

 

 

 

 

 

Total assets as reported in the Group balance sheet

 

 

 

 

 

 

103,290

 

 

 

 

 

 

 

 

Segment liabilities

84,863

 

48,621

 

62

 

133,546

Unallocated liabilities:

 

 

 

 

 

 

 

Income tax liabilities (current and deferred)

 

 

 

 

 

 

4,925

 

 

 

 

 

 

 

 

Total liabilities as reported in the Group balance sheet

 

 

 

 

 

 

138,471

Schedule of Long-Lived Assets

 

December 31, 2025

 

December 31, 2024

 

US$‘000

 

US$‘000

Rest of World – Ireland

44,110

 

43,504

Americas

20,980

 

14,943

 

 

 

 

 

65,090

 

58,447

Schedule of Depreciation and Amortisation by Geographical Area

 

December 31, 2025

 

December 31, 2024

 

December 31, 2023

 

US$‘000

 

US$‘000

 

US$‘000

Depreciation:

 

 

 

 

 

Rest of World – Ireland

153

 

160

 

162

Americas

1,146

 

515

 

668

 

 

 

 

 

 

 

1,299

 

675

 

830

 

 

 

 

 

 

Amortisation:

 

 

 

 

 

Rest of World – Ireland

796

 

770

 

458

Americas

589

 

420

 

487

 

 

 

 

 

 

 

1,385

 

1,190

 

945

Schedule Of Share Based Payment Expense By Geographical Area

 

December 31, 2025

 

December 31, 2024

 

December 31, 2023

 

US$‘000

 

US$‘000

 

US$‘000

Rest of World – Ireland

215

 

843

 

1,650

Americas

109

 

473

 

419

 

 

 

 

 

 

 

324

 

1,316

 

2,069

Schedule of Taxation Expense by Geographical Area

 

December 31, 2025

 

December 31, 2024

 

December 31, 2023

 

US$‘000

 

US$‘000

 

US$‘000

Rest of World – Ireland

171

 

(5)

 

(385)

Rest of World – Other

(6)

 

9

 

(235)

Americas

(364)

 

(490)

 

679

 

 

 

 

 

 

 

(199)

 

(486)

 

59

Schedule of Capital Expenditure by Geographical Area

 

December 31, 2025

 

December 31, 2024

 

US$‘000

 

US$‘000

Rest of World – Ireland

8,848

 

37,929

Americas

2,389

 

2,753

 

 

 

 

 

11,237

 

40,682