v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Profit before income tax $ 151,019 $ 178,514 $ 120,283
Adjustments:      
Interest income from financial instruments (28,266) (49,588) (18,114)
Interest charges for lease liabilities 501 578 177
Other interests charges 3,758 5,623 3,851
Finance expense related to derivative financial instruments 19,462 28,013 17,074
Amortization of Intangible assets 15,511 10,816 6,891
Depreciation and disposals of Property, plant and equipment and right-of-use 1,884 1,409 1,256
Revenue reduction related to prepaid assets     567
Share-based payment expense, net of forfeitures 23,780 11,922 8,684
Net exchange differences 24,787 82,620 1,877
Fair value loss/(gain) on financial assets at FVPL (37,416) (78,640) 36
Other operating gain 4,736    
Net Impairment loss/(gain) on financial assets 440 318 (42)
Inflation adjustment and other financial results (17,063) 9,041  
Adjustment for reconcile profit (loss) including profit (loss) 163,133 200,626 142,540
Changes in working capital      
Increase in Trade and other receivables (162,645) (123,246) (49,438)
Decrease / (Increase) in Other assets 5,427 45,007 (56,015)
Increase / (Decrease) in Trade and Other payables (6,957) 194,619 130,714
Increase / (Decrease) in Tax Liabilities (3,184) (10,967) (4,245)
Increase / (Decrease) in Provisions 138 (1,111) (237)
Cash (used) / generated from operating activities (4,088) 304,928 163,319
Income tax paid (28,696) (11,475) (8,868)
Net cash (used) / generated from operating activities (32,784) 293,453 154,451
Cash flows from investing activities      
Acquisitions of Property, plant and equipment (1,705) (965) (987)
Additions of Intangible assets (20,942) (17,260) (11,365)
Acquisitions of financial asset at FVPL (121,468) (117,517)  
Collections of financial assets at FVPL 108,097 1,487 (327)
Interest collected from financial instruments 28,266 49,588 17,649
Contingent Consideration Liability Paid     (665)
Payments for investments in other assets at FVPL (10,000)    
Net cash (used in) / generated investing activities (17,752) (84,667) 4,305
Cash flows from financing activities      
Repurchase of shares (101,067) (97,929) (2,021)
Share-options exercise paid 1,853 153 3,939
Net proceeds from financial liabilities 50,428   14,782
Repayment of borrowings     (19,967)
Interest payments on financial liabilities (2,281)   (1,600)
Interest payments on lease liability (501) (578) (177)
Principal payments on lease liability (552) (1,103) (386)
Finance expense paid related to derivative financial instruments (15,017) (28,443) (19,646)
Other finance expense paid (1,450) (5,971) (2,251)
Net cash used in by financing activities (68,587) (133,871) (27,327)
Net increase in cash flow (119,123) 74,915 131,429
Cash and cash equivalents at the beginning of the year 536,160 468,092 336,197
Effects of exchange rate changes on inflation and cash and cash equivalents 8,135 (6,847) 466
Cash and cash equivalents at the end of the year $ 425,172 $ 536,160 $ 468,092