v3.26.1
Tax matters - Statutory tax rate (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Tax matters      
Accounting profit before income tax $ (174,644) $ 37,052 $ 160,667
Statutory tax rate 25.00% 27.00% 31.00%
Tax expense at weighted statutory national tax rate of 32% (2023: 31% and 2022: 26%) $ (41,609) $ 9,988 $ 50,557
(Non-taxable income)/ non-deductible expense 3,173 (2,478) 1,429
Change in tax rates   (48) (555)
U.S. state taxes (28) (52) (121)
Adjustments in respect of prior periods 668 (3,946) (799)
Write down of deferred tax assets 7,292    
Unrecognized temporary differences 11,667 2,903 (2,992)
Elimination of effect of interest in partnerships (7) 27 (1,356)
Unrecognized loss carryforwards 18,135 9,523 12,434
Other taxes 4,445    
Other items (1,268) 335 (1,057)
Income tax expense $ 2,468 $ 16,252 $ 57,540