v3.26.1
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Share capital
Share premium
Treasury shares
Free distributable reserves
Non-distributable reserves
Legal reserves
Currency translation adjustment
Other reserves
Retained earnings
[1]
Total
Non-controlling interests
Total
Balance at Dec. 31, 2022 $ 163,223 $ 183,430 $ (4,600) $ 378,910 $ 1,358,028 $ 1,081 $ (251,145) $ (1,314,025) $ 201,193 $ 716,095 $ 146,274 $ 862,369
Income / (loss) for the year                 239,506 239,506 (13,039) 226,467
Shareholders contributions                     9,424 9,424
Share-based payments reserve     278         106 671 1,055   1,055
Other comprehensive income / (loss) for the year             (231,707) 19   (231,688) (50,062) (281,750)
Transfer to legal reserve           2,595     (2,595)      
Dividends to non-controlling interests (Note 25.d)                     (13,656) (13,656)
Changes in non-controlling interests               12   12 (12)  
Balance at Dec. 31, 2023 163,223 183,430 (4,322) 378,910 1,358,028 3,676 (482,852) (1,313,888) 438,775 724,980 78,929 803,909
Income / (loss) for the year                 282,674 282,674 25,238 307,912
Share-based payments reserve     228         110 805 1,143   1,143
Other comprehensive income / (loss) for the year             366,381 (1,263)   365,118 98,398 463,516
Transfer to legal reserve           3,743     (3,743)      
Dividends to non-controlling interests (Note 25.d)                     (27,380) (27,380)
Acquisition of non-controlling interests through issuance of shares               (4,641)   (4,641) (26,499) (31,140)
Balance at Dec. 31, 2024 163,223 183,430 (4,094) 378,910 1,358,028 7,419 (116,471) (1,319,682) 718,511 1,369,274 148,686 1,517,960
Income / (loss) for the year 0 0 0 0 0 0 0 0 247,724 247,724 9,995 257,719
Share-based payments reserve     176         (97) 1,004 1,083   1,083
Other comprehensive income / (loss) for the year             (59,071) 675   (58,396) (18,753) (77,149)
Transfer to legal reserve           2,598     (2,598)      
Dividends to non-controlling interests (Note 25.d)                     (38,707) (38,707)
Acquisition of non-controlling interests through issuance of shares 1,996 38,004           (15,854)   24,146 (24,146)  
Other acquisition of non-controlling interest               2,748   2,748 (2,906) (158)
Balance at Dec. 31, 2025 $ 165,219 $ 221,434 $ (3,918) $ 378,910 $ 1,358,028 $ 10,017 $ (175,542) $ (1,332,210) $ 964,641 $ 1,586,579 $ 74,169 $ 1,660,748
[1] Retained Earnings calculated according to Luxembourg Law are disclosed in Note 26.c.