Provisions for pensions (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Disclosure of other provisions [line items] |
|
| Schedule of provision for pensions |
| | | | | | | | | | | | | | | 2025 | | 2024 | | | Non- Current | | Current | | Total | | Non- Current | | Current | | Total | | | US$'000 | | US$'000 | | US$'000 | | US$'000 | | US$'000 | | US$'000 | France | | 18,881 | | — | | 18,881 | | 17,742 | | — | | 17,742 | Canada | | 5,036 | | 186 | | 5,222 | | 5,181 | | 168 | | 5,349 | Others | | 4,986 | | — | | 4,986 | | 4,695 | | — | | 4,695 | Total provisions for pensions | | 28,903 | | 186 | | 29,089 | | 27,618 | | 168 | | 27,786 |
|
| France |
|
| Disclosure of other provisions [line items] |
|
| Schedule of changes in obligation |
| | | | | | | 2025 | | 2024 | | | US$'000 | | US$'000 | Obligations at the beginning of year | | 17,742 | | 19,122 | Service cost | | 1,287 | | 1,154 | Borrowing costs | | 644 | | 539 | Actuarial differences | | (1,656) | | (1,035) | Benefits paid | | (1,461) | | (894) | Exchange differences | | 2,325 | | (1,144) | Obligations at the end of year | | 18,881 | | 17,742 |
|
| Summary of the main actuarial assumptions used to calculate obligations |
| | | | | | | | | | | | 2025 | | 2024 | Salary increase | | 1.60% - 6.10% | | 1.60% - 6.10% | Discount rate | | 3.88% | | 3.40% | Expected inflation rate | | 2.00% | | 2.20% | Mortality | | TGH 05 and TGF 05 | | TGH 05 and TGF 05 | Retirement age | | 64-65 | | 64-65 |
|
| CANADA |
|
| Disclosure of other provisions [line items] |
|
| Schedule of changes in obligation |
The changes to these obligations in the year ended December 31, 2025 and 2024 were as follows: | | | | | | | | | | | | | | | 2025 | | 2024 | | | Pension | | Post-retirement | | | | Pension | | Post-retirement | | | | | Plans | | Plans | | Total | | Plans | | Plans | | Total | | | US$'000 | | US$'000 | | US$'000 | | US$'000 | | US$'000 | | US$'000 | Obligations at the beginning of year | | 18,479 | | 5,326 | | 23,805 | | 20,196 | | 5,742 | | 25,938 | Service cost | | 54 | | 207 | | 261 | | 93 | | 296 | | 389 | Borrowing cost | | 882 | | 261 | | 1,143 | | 914 | | 263 | | 1,177 | Actuarial differences | | (18) | | (622) | | (640) | | (14) | | (314) | | (328) | Benefits paid | | (1,109) | | (194) | | (1,303) | | (1,123) | | (201) | | (1,324) | Exchange differences | | 940 | | 270 | | 1,210 | | (1,587) | | (460) | | (2,047) | Obligations at the end of year | | 19,228 | | 5,248 | | 24,476 | | 18,479 | | 5,326 | | 23,805 |
|
| Schedule showing reconciliation of benefit obligations, plan assets and funded status |
| | | | | | | | | | | | | | | 2025 | | 2024 | | | | | Post- | | | | | | Post- | | | | | Pension | | retirement | | | | Pension | | retirement | | | | | Plans | | Plans | | Total | | Plans | | Plans | | Total | | | US$'000 | | US$'000 | | US$'000 | | US$'000 | | US$'000 | | US$'000 | Benefit obligation | | 19,228 | | 5,248 | | 24,476 | | 18,479 | | 5,326 | | 23,805 | Fair value of plan assets | | (19,254) | | — | | (19,254) | | (18,456) | | — | | (18,456) | Provision for pensions | | (26) | | 5,248 | | 5,222 | | 23 | | 5,326 | | 5,349 |
|
| Schedule showing fair value rollforward of plan assets |
For the years ended December 31, 2025 and 2024, the changes in plan assets were as follows: | | | | | | | 2025 | | 2024 | | | US$'000 | | US$'000 | Fair value of plan assets at the beginning of the year | | 18,456 | | 19,231 | Interest income on assets | | 887 | | 806 | Actuarial return on plan assets | | (158) | | 728 | Benefits paid | | (1,118) | | (1,045) | Participant contribution | | 9 | | 11 | Contributions paid by the employer | | 356 | | 385 | Other | | (116) | | (138) | Exchange differences | | 938 | | (1,522) | Fair value of plan assets at the end of the year | | 19,254 | | 18,456 |
|
| Schedule of breakdown in percentage of plan assets |
| | | | | | | | 2025 | | 2024 | | Cash | | — | % | — | % | Equity Mutual Funds | | 12 | % | 26 | % | Fixed Income Securities | | 41 | % | 25 | % | Assets held by insurance company | | 47 | % | 49 | % | Total | | 100 | % | 100 | % |
|
| Schedule of Actuarial assumptions |
| | | | | | | | | | | 2025 | | 2024 | | | Pension | | Postretirement | | Pension | | Postretirement | | | Plan | | Plan | | Plan | | Plan | Salary increase | | 2.75% - 3.00% | | N/A | | 2.75% - 3.00% | | N/A | Discount rate | | 4.90% | | 5.05% | | 4.68% | | 4.75% | Mortality | | CPM2014-Private Scale CPM-B | | CPM2014-Private Scale CPM-B | | CPM2014-Private Scale CPM-B | | CPM2014-Private Scale CPM-B | Retirement age | | 58-60 | | 58-60 | | 58-60 | | 58-60 |
|