v3.25.4
Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Share capital
Treasury Share capital
Share premium
Other reserves
Accumulated deficit
Balance at beginning of period (in shares) at Dec. 31, 2022   66,398,164 2,166,944      
Balance at beginning of period at Dec. 31, 2022 $ 200,130 $ 3,464 $ (117) $ 471,623 $ 23,963 $ (298,803)
Loss for the period (78,981)         (78,981)
Other comprehensive income (loss) 14,825       14,825  
Total comprehensive loss for the period (64,156)       14,825 (78,981)
Share-based compensation 15,242       15,242  
Transactions with owners            
Share options exercised and vesting of Restricted Stock Units (in shares)     999,339      
Share options exercised and vesting of Restricted Stock Units 226   $ 55 223 (52)  
Issuance of shares to be held as treasury shares (in shares)   10,500,000 10,500,000      
Issuance of shares to be held as treasury shares 0 $ 584 $ (584)      
Balance at end of period (in shares) at Dec. 31, 2023   76,898,164 11,667,605      
Balance at end of period at Dec. 31, 2023 151,442 $ 4,048 $ (646) 471,846 53,978 (377,784)
Loss for the period (62,493)         (62,493)
Other comprehensive income (loss) (9,352)       (9,352)  
Total comprehensive loss for the period (71,845)       (9,352) (62,493)
Share-based compensation 16,488       16,488  
Transactions with owners            
Share options exercised and vesting of Restricted Stock Units (in shares)     1,456,526      
Share options exercised and vesting of Restricted Stock Units 405   $ 84 398 (77)  
Issuance of shares to be held as treasury shares (in shares)   2,423,056 2,423,056      
Issuance of shares to be held as treasury shares 0 $ 140 $ (140)      
Balance at end of period (in shares) at Dec. 31, 2024   79,321,220 12,634,135      
Balance at end of period at Dec. 31, 2024 96,490 $ 4,188 $ (702) 472,244 61,037 (440,277)
Loss for the period (78,999)         (78,999)
Other comprehensive income (loss) 11,996       11,996  
Total comprehensive loss for the period (67,003)       11,996 (78,999)
Share-based compensation 16,205       16,205  
Transactions with owners            
Share options exercised and vesting of Restricted Stock Units (in shares)     1,571,015      
Share options exercised and vesting of Restricted Stock Units 346   $ 96 338 (88)  
Issuance of shares to be held as treasury shares (in shares)   10,000,000 10,000,000      
Issuance of shares to be held as treasury shares $ 0 $ 626 $ (626)      
Proceeds from ATM offering, net of transaction costs (in shares) 228,238   228,238      
Proceeds from ATM offering, net of transaction costs $ 1,107   $ 14 1,093    
Balance at end of period (in shares) at Dec. 31, 2025   89,321,220 20,834,882      
Balance at end of period at Dec. 31, 2025 $ 47,145 $ 4,814 $ (1,218) $ 473,675 $ 89,150 $ (519,276)