v3.25.4
Income taxes - Reconciliation of effective tax rate (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Major components of tax expense (income) [abstract]      
Profit (loss) for the year $ 481.5 $ 2,153.8 $ (2,687.9)
Income taxes 177.0 51.2 (127.6)
Profit (loss) excluding income taxes 658.5 2,205.0 (2,815.5)
Income tax using the domestic corporation tax rate 151.4 507.2 (647.6)
Current year losses and other temporary differences for which no deferred tax asset was recognized 2.4   488.7
Utilization of carried forward tax losses for which no deferred tax assets were recognized   (471.0)  
Effect of tax rates in foreign jurisdictions 5.6 9.2 7.4
Non-deductible expenses 3.5 0.2 5.8
Effect of different tax rates on specific gains 14.8 5.7 15.2
Effect of share of profits of associates 0.6 (0.5) 1.8
Other (1.3) 0.4 1.1
Total income taxes in income statements $ 177.0 $ 51.2 $ (127.6)