v3.25.4
Income tax (Tables)
12 Months Ended
Dec. 31, 2025
Income tax [Abstract]  
Expected Tax Charge/(Credit) and Reconciles to Actual Tax Charge/(Credit)

The Group’s expected tax charge/(credit) of $nil for each year is based on the applicable tax rate in Ireland and reconciles to the actual tax charge/(credit) as follows:

   
Year ended
December 31,
 
   
2025
   
2024
   
2023
 
   
$’000
   
$’000
   
$’000
 
Loss before tax
   
48,258
     
38,961
     
35,587
 
Tax credit calculated at the domestic tax rate 12.5%
   
(6,032
)
   
(4,870
)
   
(4,448
)
Tax effects of:
                       
Losses for which no deferred tax asset was recognized
   
6,029
     
4,027
     
4,200
 
Income taxable at a higher rate of tax
    583       1,594       118  
Other permanent differences
    (580 )     (751 )     130  
Tax charge/(credit)