v3.25.4
Marketable securities
 12 Months Ended
Dec. 31, 2025
Marketable securities [Abstract]  
Marketable securities
10. Marketable securities


   
Year ended
December 31,
  

 
2025
     2024
  
Fair value
  $’000     $’000  
At January 1
    
62,446
      
88,667
  
Accrued interest
     2,457       3,647  
Interest received
     (620 )     (974 )
Redemptions and disposals of marketable securities
    
(29,741
)
    
(28,787
)
Revaluation adjustment
     (85 )     (107 )
At December 31
    
34,457
      
62,446
  


Marketable securities had a fair value of $34.5 million at December 31, 2025 (2024: $62.4 million). During the year ended December 31, 2025, proceeds of $29.7 million were received from the redemption and disposal of marketable securities, which includes accrued interest. The impairment loss allowance for expected credit loss (“ECL”) at the reporting date was $12 thousand (2024: $0.1 million). The overall movement through OCI is shown in the table below.

   
Year ended
December 31,
  
   
2025
    
2024
    
2023
  
   
$’000
    
$’000
    
$’000
  
Revaluation adjustments
    
(85
)
    
(107
)
    
(94
)
Movement of ECL on assets measured at FVOCI
    
(42
)
    
(66
)
    
(1
)
Movement on marketable securities through OCI
    
(127
)
    
(173
)
    
(95
)



Marketable securities at FVOCI have stated interest rates of 0.63% to 2.60% (2024: 0.25% to 3.35%) and mature within the next year.