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Benefit from R&D Credit
6 Months Ended
Jun. 30, 2025
Benefit from Research and Development Credit [Abstract]  
Benefit from R&D Credit

8. Benefit from R&D credit

An additional $2.4 million was recognized in respect of research and development tax credits in the three months ended June 30, 2025 (three months ended June 30, 2024: $2.7 million).

An additional $5.1 million was recognized in respect of research and development tax credits in the six months ended June 30, 2025 (six months ended June 30, 2024: $5.2 million).

The current assets at June 30, 2025, was $20.0 million, comprised of $5.1 million in respect of research and development activities for the six months ended June 30, 2025, and $14.9 million in respect of the year ended December 31, 2024. In the six months ended, June 30, 2025, the Group received $11.0 million related to the receipt of the 2023 claim for past research and development tax credits.