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FINANCIAL INCOME AND EXPENSES (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure Of Financing Income Expenses Net [Abstract]  
Schedule of Financial Income and Expenses

 

December 31, 2025

 

December 31, 2024

 

December 31, 2023

 

US$‘000

 

US$‘000

 

US$‘000

Financial income:

 

 

 

 

 

Non-cash financial income

-

 

-

 

1,171

 

 

 

 

 

 

Financial expense:

 

 

 

 

 

Interest on leases (Note 24)

(644)

 

(592)

 

(624)

Loss on extinguishment on old loan (Note 23)

(9,999)

 

-

 

-

Penalty for early partial settlement of senior secured term loan (Note 23)

-

 

-

 

(905)

Cash interest payable on senior secured term loan

-

 

(6,293)

 

(7,289)

Cash interest payable on convertible note

(300)

 

(300)

 

(300)

Cash interest on exchangeable notes

(8)

 

(8)

 

(8)

Cash interest payable on PPP loans (Note 4)

221

 

(338)

 

-

Non-cash interest on senior secured term loan (Note 23)

(2,646)

 

(2,355)

 

(1,131)

Non-cash interest on convertible note (Note 23)

(929)

 

(859)

 

(796)

Non-cash financial expense

(202)

 

(1,172)

 

-

Unwinding of discount on deferred contingent consideration

(87)

 

(53)

 

-

Capitalisation of borrowing costs (Note 12)

2,899

 

2,085

 

-

Non-cash loan modification gain (Note 23,28)

1,706

 

3,567

 

-

Payment-in-kind (PIK) Interest (Note 23)

(11,399)

 

(3,247)

 

-

 

 

 

 

 

 

 

(21,388)

 

(9,565)

 

(11,053)

 

 

 

 

 

 

Net financing expense

(21,388)

 

(9,565)

 

(9,882)