v3.25.2
UNAUDITED CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
NET CASH FLOW FROM OPERATING ACTIVITIES    
Net income/(loss) $ 160.5 $ 5.1
Adjustments for:    
Depreciation and amortization 159.1 125.3
Impairment losses 2.9 2.5
Loss on sale of subsidiary 0.0 5.6
Share-based payment expense 16.9 10.1
Other non-cash valuation losses 0.4 5.2
Interest income (2.9) (5.2)
Interest expense 52.0 110.9
Foreign currency exchange (gains)/losses, net & other finance costs (10.6) 19.1
Loss on debt extinguishment 0.0 14.3
Income tax expense/(benefit) 58.9 (43.7)
Changes in:    
Inventories (309.1) (167.8)
Accounts receivables 170.8 157.3
Prepaid expenses and other assets 15.2 (39.3)
Accounts payables (32.1) 50.6
Other liabilities (43.0) (17.0)
Cash generated from operating activities 239.0 233.0
Interest paid (44.5) (84.9)
Interest received 5.5 3.9
Income taxes paid (92.5) (85.2)
Net cash flows from operating activities 107.5 66.8
NET CASH FLOW FROM INVESTING ACTIVITIES    
Proceeds from sale of subsidiary 0.0 15.5
Acquisition of property, plant and equipment (85.7) (106.1)
Acquisition of intangible assets (43.5) (21.1)
Acquisition of right-of-use assets (6.0) (2.7)
Net cash flows used in investing activities (135.2) (114.4)
NET CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from short-term borrowings from financial institutions 2.9 48.4
Repayments of short-term borrowings from financial institutions 0.0 (306.3)
Net repayments of revolving credit facilities 0.0 (90.0)
Proceeds from long-term borrowings from financial institutions 0.0 2,027.3
Repayments of long-term borrowings from financial institutions 0.0 (1,831.8)
Repayments of long-term borrowings from related parties 0.0 (1,460.5)
Proceeds from share issuance 0.0 1,514.8
Proceeds from exercise of share options 21.1 0.0
Payments of lease liabilities (45.5) (47.8)
Payments of debt issuance costs (0.6) (8.2)
Settlements of forward contracts and balance sheet hedges (16.6) (28.3)
Release of derivative contract collateral 3.2 18.1
Other financing items (2.8) (1.5)
Net cash flows used in financing activities (38.3) (165.8)
CHANGE IN CASH AND CASH EQUIVALENTS (66.0) (213.4)
Cash and cash equivalents    
Cash and cash equivalents at period end 303.4 255.9
Translation differences 24.0 (14.1)
Cash and cash equivalents at the beginning of the period 345.4 483.4
NON-CASH INVESTING ACTIVITIES    
Capital expenditures in accounts payable (26.7) (17.4)
NON-CASH FINANCING ACTIVITIES    
Equitization of related party loans and interest $ 0.0 $ 2,562.0