Condensed Financial Information of the Company (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Condensed Financial Information of the Company |
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| Summary of condensed statement of income |
| | | | | | | | | For the year ended | | For the year ended | | For the year ended | | | December 31, 2025 | | December 31, 2024 | | December 31, 2023 | Continuing operations | | | | | | | Selling, general and administrative expenses | | (10,706) | | (7,816) | | (7,728) | Other operating income | | 1 | | 5 | | 2,972 | Other operating expense | | — | | — | | (1) | Operating loss | | (10,705) | | (7,811) | | (4,757) | Share of income in subsidiaries and associates | | 241,198 | | 283,083 | | 247,585 | Income before financial results and income tax | | 230,493 | | 275,272 | | 242,828 | Financial income | | 9,183 | | 6,573 | | 1,905 | Financial loss | | (639) | | (723) | | (586) | Income before income tax from continuing operations | | 239,037 | | 281,122 | | 244,147 | Income tax | | (4,419) | | (1,854) | | (4,629) | Income for the year | | 234,618 | | 279,268 | | 239,518 |
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| Summary of condensed statement of comprehensive income |
| | | | | | | | | For the year ended | | For the year ended | | For the year ended | | | December | | December | | December | | | 31, 2025 | | 31, 2024 | | 31, 2023 | Income for the year | | 234,618 | | 279,268 | | 239,518 | | | | | | | | Items that may be reclassified to profit or loss: | | | | | | | Share of other comprehensive (loss) / income from subsidiaries and associates from continuing operations | | (58,396) | | 363,884 | | (231,688) | Total comprehensive income for the year | | 176,222 | | 643,152 | | 7,830 |
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| Summary of condensed statement of financial position |
| | | | | | | At December | | At December | | | 31, 2025 | | 31, 2024 | ASSETS | | | | | Non-current assets | | | | | Property, plant and equipment, net | | 21 | | 24 | Right-of-use asset | | 200 | | 227 | Investments in subsidiaries | | 1,587,121 | | 1,390,616 | Investments in associates | | 18,356 | | 10,001 | Other financial assets at amortized cost | | 1,660 | | 3,543 | Current assets | | | | | Other financial assets at fair value through profit or loss | | 2,158 | | 2,205 | Other financial assets at amortized cost | | 2,175 | | — | Other receivables | | 550 | | 210 | Cash and cash equivalents | | 15,627 | | 1,152 | Total assets | | 1,627,868 | | 1,407,978 | | | | | | EQUITY | | | | | Share capital | | 165,219 | | 163,223 | Share premium | | 221,434 | | 183,430 | Treasury shares | | (3,918) | | (4,094) | Free distributable reserve | | 378,910 | | 378,910 | Non-distributable reserve | | 1,358,028 | | 1,358,028 | Currency translation adjustment | | (176,776) | | (117,705) | Legal reserves | | 10,017 | | 7,419 | Other reserves | | (1,343,669) | | (1,344,247) | Retained earnings | | 977,334 | | 744,310 | Equity | | 1,586,579 | | 1,369,274 | | | | | | LIABILITIES | | | | | Non-current liabilities | | | | | Deferred tax liabilities | | 4,194 | | 2,500 | Lease liabilities | | 183 | | 190 | Current liabilities | | | | | Borrowings | | 34,584 | | 33,999 | Other liabilities | | 2,224 | | 1,751 | Lease liabilities | | 36 | | 30 | Trade payables | | 68 | | 234 | Total liabilities | | 41,289 | | 38,704 | Total equity and liabilities | | 1,627,868 | | 1,407,978 |
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| Summary of condensed statement of cash flows |
| | | | | | | | | For the year ended | | For the year ended | | For the year ended | Cash flows from operating activities | | December 31, 2025 | | December 31, 2024 | | December 31, 2023 | Income for the year | | 234,618 | | 279,268 | | 239,518 | Adjustments for: | | | | | | | Amortization and depreciation | | 48 | | 59 | | 40 | Deferred income tax | | 1,694 | | (1,148) | | 2,418 | Income tax accrued | | 2,725 | | 3,002 | | 2,211 | Share of income in subsidiaries and associates | | (241,198) | | (283,083) | | (247,585) | Interest expense | | 585 | | 587 | | 559 | Net foreign exchange | | (943) | | (44) | | (471) | Other financial results, net | | (662) | | (582) | | (145) | Share base compensation | | 606 | | 507 | | 420 | Changes in working capital | | 8 | | 149 | | (2,919) | Net cash used in operating activities | | (2,519) | | (1,285) | | (5,954) | Cash contribution in subsidiaries and associates | | (230,028) | | (208,562) | | (58,987) | Acquisition of other financial assets | | (1,419) | | (29,491) | | — | Disposals of other financial assets | | 1,858 | | 30,482 | | 760 | Property, plant and equipment acquisitions | | (2) | | (28) | | — | Dividends and refund of cash contributions from subsidiaries | | 246,641 | | 208,796 | | 64,344 | Net cash provided by investing activities | | 17,050 | | 1,197 | | 6,117 | Principal elements of lease payments | | (40) | | (49) | | (44) | Net cash used in financing activities | | (40) | | (49) | | (44) | | | | | | | | Increase / (decrease) in cash and cash equivalents | | 14,491 | | (137) | | 119 | | | | | | | | Cash and cash equivalents | | | | | | | At the beginning of the year | | 1,152 | | 1,325 | | 1,220 | Effect of exchange rate changes in cash and cash equivalents | | (16) | | (36) | | (14) | Increase / (decrease) in cash and cash equivalents | | 14,491 | | (137) | | 119 | At the end of the year | | 15,627 | | 1,152 | | 1,325 |
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