v3.26.1
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Income before income taxes $ 125,216 $ 98,412 $ 159,997
Adjustments to reconcile income before income taxes to net cash flow from operating activities:      
Net finance (income) expense 1,424 (1,152) (7,269)
Fair value gain on long-term investments (36,300) (5,000) (89,838)
Share of net (income) loss of equity-accounted investees (268) 2 0
Impairment of non-financial assets 1,946 113 681
Depreciation and amortization 18,861 15,582 13,165
Cost of equity awards 30,079 8,631 14,926
Other adjustments (516) (66) (255)
Changes in working capital:      
Trade and other receivables (22,715) (20,199) (17,956)
Other current assets (786) (1,820) (500)
Trade and other payables 13,592 23,038 5,310
Deferred revenue (943) (4,830) 9,277
Other liabilities 991 (86) 1,158
Income taxes paid (12,854) (7,649) (5,937)
Net cash flow from operating activities 117,728 104,977 82,761
Cash flows from investing activities:      
Purchase of equipment (5,546) (23,344) (1,873)
Purchase of intangible assets 0 0 (250)
Development expenditure (9,699) (7,263) (4,281)
Investment in an associate (2,500) (1,250) 0
Sale of long-term investments 0 1,333 0
Net sale of short-term investments 0 0 23,414
Interest received 3,294 3,412 2,989
Net cash flow from (used in) investing activities (14,451) (27,112) 19,999
Cash flows from financing activities:      
Share repurchases 0 0 (32,695)
Dividends paid (71,167) (37,435) (23,105)
Proceeds from exercise of share options 0 0 394
Repayment of borrowings 0 0 (161)
Payment of lease liabilities (4,776) (4,181) (3,907)
Interest paid (610) (530) (369)
Net cash flow used in financing activities (76,552) (42,146) (59,843)
Net change in cash and cash equivalents 26,724 35,720 42,918
Cash and cash equivalents at beginning of period 126,797 93,863 52,414
Effect of exchange rate changes on cash and cash equivalents 1,944 (2,785) (1,469)
Cash and cash equivalents at end of period $ 155,466 $ 126,797 $ 93,863