INCOME TAXES - Schedule of Reconciliation between statutory and effective income tax (Details) - USD ($) $ in Millions |
12 Months Ended | |||
|---|---|---|---|---|
Aug. 14, 2025 |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
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| Income taxes | ||||
| Profit before tax | $ 198 | $ 347 | $ 346 | |
| Income tax expense at statutory tax rate 2025: 9% (2024/2023: 25.8%) | (18) | (90) | (89) | |
| Different tax rates in different jurisdictions | (44) | 27 | 27 | |
| Excess of fair value of consideration over Cohen Circle’s net assets (IFRS 2 charge for listing service) | $ 162 | 162 | 0 | 0 |
| Withholding tax | (1) | 0 | 0 | |
| Non-deductible expenses | (4) | (1) | (3) | |
| Other | (7) | 0 | 0 | |
| Income tax expense | $ (74) | $ (64) | $ (65) | |
| Effective tax rate | 37.40% | 18.40% | 18.80% | |
| United Arab Emirates | ||||
| Income taxes | ||||
| Different tax rates in different jurisdictions | $ (15) | |||
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- Definition The amount of profit (loss) for a period before deducting tax expense. [Refer: Profit (loss)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The tax expense (income) divided by the accounting profit. [Refer: Accounting profit] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that the entity does not separately disclose in the same statement or note. [Refer: Accounting profit; Applicable tax rate] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to expenses not deductible in determining taxable profit (tax loss). [Refer: Accounting profit] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to foreign tax rates. [Refer: Accounting profit] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The product of the accounting profit multiplied by the applicable tax rate(s). [Refer: Accounting profit; Applicable tax rate] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table. No definition available.
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- Definition Listing Expense No definition available.
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to withholding taxes. No definition available.
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- Details
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