v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Profit (loss) for the year $ 481.5 $ 2,153.8 $ (2,687.9)
Adjustments for:      
Depreciation and amortization 1,286.1 1,142.5 1,471.8
Impairment loss (reversal) (137.0)   2,063.4
Net finance expenses 357.5 342.4 304.5
Share of losses and change in fair value of investees 5.6 6.4 6.5
Capital gains, net (37.6) (43.9) (10.9)
Income taxes 177.0 51.2 (127.6)
Other non-cash items (0.1) 10.9 18.9
Total Adjustments 2,133.0 3,663.3 1,038.7
Change in inventories 44.4 (32.9) 11.4
Change in trade and other receivables 262.3 (352.9) 242.7
Change in trade and other payables including contract liabilities (267.1) 357.8 (95.1)
Change in provisions and employee benefits 35.6 35.4 15.9
Total change in assets and liabilities 75.2 7.4 174.9
Dividends received from associates 1.9 3.1 2.3
Interest received 113.7 97.3 133.8
Income taxes paid (24.3) (18.4) (329.7)
Net cash generated from operating activities 2,299.5 3,752.7 1,020.0
Cash flows from investing activities      
Proceeds from sale of tangible assets, intangible assets and interest in investees 36.6 18.7 27.4
Acquisition and capitalized expenditures of tangible assets, intangible assets and interest in investees (217.7) (214.1) (115.7)
Disposal (acquisition) of investment instruments, net 148.6 85.8 (138.2)
Loans granted to investees, net (8.1) (6.1) (5.4)
Change in other receivables, net (67.5) 31.6 3.2
Change in other investments (mainly deposits), net (25.2) (139.1) 2,005.2
Net cash generated from (used in) investing activities (133.3) (223.2) 1,776.5
Cash flows from financing activities      
Repayment of lease liabilities and borrowings (1,439.6) (2,082.6) (1,713.1)
Change in short-term loans     (21.0)
Interest paid (474.3) (465.6) (380.7)
Dividend paid to owners of the company (515.6) (579.2) (769.2)
Dividend paid to non-controlling interests (3.8) (4.0) (8.9)
Net cash used in financing activities (2,433.3) (3,131.4) (2,892.9)
Net change in cash and cash equivalents (267.1) 398.1 (96.4)
Cash and cash equivalents at beginning of the year 1,314.7 921.5 1,022.1
Effect of exchange rate fluctuation on cash held 4.1 (4.9) (4.2)
Cash and cash equivalents at the end of the year $ 1,051.7 $ 1,314.7 $ 921.5