v3.25.2
Income/(loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic EPS
The computation of basic income per share (“EPS”) is based on the weighted average number of shares outstanding during the period.
Three months ended June 30, 2025Three months ended June 30, 2024Six months ended June 30, 2025Six months ended June 30, 2024
Basic income per share0.150.13 0.08 0.18 
Diluted income per share0.140.12 0.08 0.18 
Issued ordinary shares at the end of the period244,400,000264,080,391244,400,000264,080,391
Net income - basic 35.131.718.246.1 
Convertible bond interest using the if converted method3.0 3.0 — 6.0 
Net income - diluted38.134.718.252.1 
Weighted average numbers of shares outstanding for the period, basic 238,907,129251,189,331241,134,285251,953,928
Dilutive effect of share options and RSU (1)
34,970,601 37,247,299 1,228,215 37,395,409 
Weighted average numbers of shares outstanding for the period, diluted273,877,730288,436,630242,362,500289,349,337
(1) For the three months ended June 30, 2025, 3,931,663 share options, 136,610 restricted stock units using the treasury stock method and 34,507,611 shares issuable upon exercise of our Convertible Bonds with a conversion price of $6.9376 per share have been included as they are dilutive. For the six months ended June 30, 2025, 3,931,663 share options using the treasury stock method have been included as they are
dilutive. For the three and six months ended June 30, 2024, 8,118,362 share options and 862,780 restricted stock units using the treasury stock method and 33,554,319 shares issuable upon exercise of our Convertible Bonds with a conversion price of $7.1347 per share, have been included as they are dilutive.
The following potential share issuances effects of Convertible Bonds, share options, RSUs and performance units have been excluded from the calculation of diluted EPS for each of the periods presented because the effects were anti-dilutive.
Three months ended June 30, 2025Three months ended June 30, 2024Six months ended June 30, 2025Six months ended June 30, 2024
Convertible bonds— — 34,507,611 — 
Share options8,689,997 2,100,000 8,689,997 2,100,000 
Performance stock units750,000 750,000 750,000 750,000 
Restricted share units750,000 — 886,610 —