12. Cash and cash equivalents and short-term investments


	Year ended December 31,
	2025		2024
	$000s		$000s
Cash at bank and in hand		11,277		56,590
U.S. treasury bills		-		64,740
Total cash and cash equivalents		11,277		121,330

U.S. treasury bills		73,837		26,004
Total short-term investments		73,837		26,004

Cash at bank comprises balances held by the Group in current, short-term bank deposits, and U.S. Treasury Bills with an original maturity of three months or less. The carrying amount of these assets approximates to their fair value.