Note 12 - Trade and Other Receivables (Tables)

12 Months Ended

Dec. 31, 2025

Trade and other receivables [abstract]

Summary of Trade Receivables and Other Current Receivables

The table below presents a disaggregation of trade receivables (in thousands):


		As of December 31,
		2024				2025
Trade receivables due from third-party customers		$	97,290			$	113,180
Trade receivables due from related parties (Note 17)			713				330
Total gross trade receivables			98,003				113,510
Allowance for expected credit losses			(5,180	)			(917	)
Trade receivables net of loss allowance		$	92,823			$	112,593

The table below presents the items of other current receivables (in thousands):


		As of December 31,
		2024				2025
Value added tax		$	3,275			$	4,553
Other			1,284				2,480
Total other current receivables		$	4,560			$	7,033

Summary of Aging of Trade Receivables

The credit loss allowance was determined as follows (in thousands, except for percentages):


						Past Due
As of December 31, 2024:		Current				<30 Days				30-60 Days				61-90 Days				>90 Days				Total
Weighted-average expected credit loss rate			0.7	%			1.7	%			2.6	%			3.8	%			80.8	%			5.3	%
Gross carrying amount of trade receivables		$	85,973			$	4,793			$	1,334			$	387			$	5,516			$	98,003
Loss allowance as of December 31, 2024		$	589			$	83			$	35			$	15			$	4,459			$	5,180

						Past Due
As of December 31, 2025:		Current				<30 Days				30-60 Days				61-90 Days				>90 Days				Total
Weighted-average expected credit loss rate			0.2	%			0.8	%			1.5	%			1.8	%			48.1	%			0.8	%
Gross carrying amount of trade receivables		$	106,219			$	4,722			$	943			$	360			$	1,266			$	113,510
Loss allowance as of December 31, 2025		$	249			$	38			$	14			$	6			$	609			$	917

Summary of Provision for Impairment of Trade Receivables

The credit loss allowance for trade receivables as of year-end reconciles to the opening loss allowance as follows (in thousands):


		Year Ended December 31,
		2024				2025
Loss allowance as of January 1		$	7,677			$	5,180
Write-offs			(1,982	)			(4,084	)
Increase (decrease) in loss allowance			(516	)			(179	)
Loss allowance as of December 31		$	5,180			$	917