Loans and other liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of components of loans and other liabilities

(a)

Carrying amounts:

	2025		2024
	US$ in millions
Non-current liabilities
Loans from financial institutions				5.0
Other loans and liabilities		35.6		40.6
Derivative instruments		11.6		14.3
		47.2		59.9

Current liabilities
Current portion of loans from financial institution		5.0		10.0
Current portion of other loans and liabilities		5.9		5.8
		10.9		15.8

Short-term borrowings		32.0		32.0
		42.9		47.8

Schedule of terms and debt repayment schedule of outstanding loans

Terms and conditions of outstanding loans are as follows:

	December 31, 2025
	Currency	Effective interest (1)	Year of Maturity		Face value		Carrying Amount
					US $ in millions
Long-term loans	US$	6.7%(2)		2026-2030		46.5		46.5
Derivative instruments	US$			2026-2034		11.6		11.6
Short-term credit from banks	US$	4.8%		2026		32.0		32.0
						90.1		90.1

	December 31, 2024
	Currency	Effective interest (1)	Year of maturity		Face value		Carrying amount
					US $ in millions
Long-term loans	US$	6.5%(2)		2025-2030		61.4		61.4
Long-term liabilities	US$			2025-2034		14.3		14.3
Short-term credit from banks	US$	5.3%		2025		32.0		32.0
						107.7		107.7

See also Note 8(b) with respect to lease liabilities.

(1)

The effective interest rate is the rate that discounts estimated future cash payments or receipts through the contractual life of the financial instrument to its net carrying amount, and it does not necessarily reflect the contractual interest rate.

(2)

Weighted average.

Schedule of movement in liabilities deriving from financing activities

	Loans and other liabilities			Lease liabilities
Balance as at January 1, 2025		107.7			5,922.3

Changes related to financing cash flows:
Repayment of borrowings and
lease liabilities		(15.8	)		(1,423.8	)

Lease additions					311.1
Lease modifications					835.1
Other changes		(1.8	)		3.4

Balance as at December 31, 2025		90.1			5,648.1

	Loans and other liabilities			Lease liabilities
Balance as at January 1, 2024		121.8			4,888.8

Changes related to financing cash flows:
Repayment of borrowings and
lease liabilities		(16.2	)		(2,066.4	)

Lease additions					3,020.0
Lease modifications					85.8
Other changes		2.1			(5.9	)

Balance as at December 31, 2024		107.7			5,922.3