Note 20 - Convertible Redeemable Preference Shares |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Statement Line Items [Line Items] | |
| Disclosure of redeemable preferred stock [text block] |
20 Convertible redeemable preference shares
As of December 31, 2025 and 2024 the outstanding Convertible redeemable preference share liability totaled $0 and $47.9 million, respectively. As of December 31, 2025, no shares remained unredeemed.
Effective in August, as part of the IPO Reorganization, all 2,735,938 issued and outstanding Class B preference shares were mandatorily converted into an equal number of Ordinary shares. The accounting for this conversion involved derecognizing the $47.9 million financial liability and reclassifying the $18.4 million equity component. Both amounts were transferred to Share capital and Share premium.
|