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RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of reconciliation of liabilities arising from financing activities [Abstract]  
Schedule of Liabilities Arising from Financing Activities

 

 

 

Borrowings & derivative financial instruments

 

Lease liabilities

 

Note

 

US$’000

 

US$’000

 

 

 

 

 

 

Balance at January 1, 2025

23,24

 

91,474

 

12,762

Cash-flows:

 

 

 

 

 

Loan drawdown under old term loan

 

 

10,000

 

-

Loan origination costs paid

 

 

(339)

 

-

Interest paid for convertible note

 

 

(300)

 

-

Interest paid for exchangeable notes

 

 

(8)

 

-

Repayment of leases

 

 

-

 

(3,187)

Loan drawdown under new term loan

 

 

5,000

 

-

 

 

 

 

 

 

Non-cash:

 

 

 

 

 

Interest charged

 

 

308

 

-

Conversion options on the date of new loan

 

 

1,625

 

-

Additions (related to Right of Use assets)

 

 

-

 

2,110

Exchange adjustment

 

 

-

 

1,099

Accretion interest

 

 

3,575

 

644

Fair value of derivative liability - warrants

 

 

(285)

 

-

Fair value of additional derivative liability - warrants

 

 

464

 

-

Fair value of conversion - warrants

 

 

(142)

 

 

Interest capitalised on outstanding loans and balances

 

 

11,456

 

-

Fair value movement on contingent liability

 

 

(1,871)

 

-

Non-cash loan modification gain

 

 

(1,706)

 

-

Extinguishment of old term loan

 

 

(93,323)

 

-

Recognition of new term loan

 

 

101,947

 

-

 

 

 

 

 

 

Balance at December 31, 2025

 

 

127,875

 

13,428

 

 

 

 

Borrowings & derivative financial instruments

 

Lease liabilities

 

Note

 

US$’000

 

US$’000

 

 

 

 

 

 

Balance at January 1, 2024

23,24

 

55,387

 

12,566

Cash-flows:

 

 

 

 

 

Principal amount loaned – term loan

 

 

30,500

 

-

Loan origination costs paid

 

 

(324)

 

-

Interest paid for senior secured term loan

 

 

(6,253)

 

-

Interest paid for convertible note

 

 

(300)

 

-

Interest paid for exchangeable notes

 

 

(8)

 

-

Repayment of leases

 

 

-

 

(2,503)

 

 

 

 

 

 

Non-cash:

 

 

 

 

 

Interest charged

 

 

6,561

 

-

Derivative financial asset at date of issue

 

 

28

 

-

Remeasurement of ROU assets

 

 

-

 

1,764

Additions (related to Right of Use assets)

 

 

-

 

855

Exchange adjustment

 

 

-

 

(512)

Accretion interest

 

 

3,214

 

592

Fair value of derivative liability - warrants

 

 

66

 

-

Fair value of additional derivative liability - warrants

 

 

1,066

 

-

Payment-in-kind (PIK) Interest

 

 

3,291

 

-

Contingent liability

 

 

1,813

 

-

Non-cash loan modification gain

 

 

(3,567)

 

-

 

 

 

 

 

 

Balance at December 31, 2024

23,24

 

91,474

 

12,762