Equity-Settled Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Summary of Options

The options usually lapse after one year following the employee leaving the Group.


		2025												2024
		Number of ADSs				Weighted Average Exercise price				Aggregate Intrinsic Value				Number of ADSs				Weighted Average Exercise price				Aggregate Intrinsic Value
						$				$								$				$
Options
Outstanding at the beginning of the year			5,818,463				15.95								5,284,486				14.80
Granted during the year			1,966,485				6.96								1,267,514				18.05
Lapsed or forfeited during the year			(814,324	)			13.11								(264,056	)			19.82
Exercised during the year			(9,258	)			1.65								(469,481	)			6.55
Outstanding at the year-end (ADS/$)			6,961,366				13.76				-				5,818,463				15.95				-
Exercisable at the year-end			4,211,644				16.12								2,870,106				15.94

Summary Fair Value of Options Granted were Calculated Using Black Scholes Model

The fair value of options granted were calculated using Black Scholes model. Inputs into the model were as follows:


		2025				2024
Inputs and assumptions for options granted in the year:
Weighted average ADS price ($)			7.0				18.1
Option life (years)		6.2					6.2
Expected volatility		77.5%-79.8%				74.4%-78.6%
Risk free rate		3.75%-4.7%				3.39%-3.97%
Expected dividend yield		nil				nil

Weighted average grant date fair value ($)		6.93				12.6