v3.26.1
Deferred income
12 Months Ended
Dec. 31, 2025
Deferred income.  
Deferred income

14. Deferred income

Deferred income comprises the following as of December 31:

2025

2024

  ​ ​ ​

US$'000

  ​ ​ ​

US$'000

Carbon dioxide emissions allowances

17,581

4,271

Government grants

8,813

3,743

Total

26,394

8,014

The deferred income related to CO2 emission allowances is recognized as “Other operating income” on a systematic basis on the proportion of the carbon dioxide emitted over total carbon dioxide expected to be emitted for the compliance period on the consolidated income statements (see Note 27.3).