December 31, 2025

December 31, 2024

Opening balance

$

20,406

$

41,506

FX option premium

194

249

Unrealized loss on derivative assets (interest rate caps)

(10,217)

(15,933)

Unrealized loss on FX option

(197)

(246)

Fair value adjustment on derivative asset

(4,952)

(5,170)

Closing balance

$

5,234

$

20,406

Less: Current portion of derivative assets (interest rate caps)

(5,234)

(14,434)

Less: Current portion of FX option

—

(3)

Non-current portion of derivative assets (interest rate caps)

$

—

$

5,969