Pension obligations (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Pension Obligations [Abstract] |
|
| Disclosure of additional information about defined benefit plans [Table Text Block] |
| |
|
Year ended |
|
| |
|
Dec. 31, 2025 |
|
|
Dec. 31, 2024 |
|
| Opening defined benefit obligation: |
$ |
101.4 |
|
$ |
115.3 |
|
| Current service costs |
|
4.7 |
|
|
4.7 |
|
| Past service cost (note 6d) |
|
- |
|
|
2.7 |
|
| Interest cost |
|
4.7 |
|
|
4.8 |
|
| Benefits paid from plan |
|
(7.4 |
) |
|
(10.1 |
) |
| Benefits paid from employer |
|
(0.7 |
) |
|
(1.3 |
) |
| Remeasurement actuarial losses/(gains): |
|
|
|
|
|
|
| Arising from changes in demographic assumptions |
|
- |
|
|
(6.2 |
) |
| Arising from changes in financial assumptions |
|
(4.3 |
) |
|
1.3 |
|
| Arising from experience adjustments |
|
(0.8 |
) |
|
(0.5 |
) |
| Effects of movements in exchange rates |
|
5.3 |
|
|
(9.3 |
) |
| Closing defined benefit obligation |
$ |
102.9 |
|
$ |
101.4 |
|
|
| Disclosure of detailed information about defined benefit plans, balance by member group [Table Text Block] |
| |
|
Dec. 31, 2025 |
|
|
Dec. 31, 2024 |
|
| Active members |
$ |
84.8 |
|
$ |
88.4 |
|
| Deferred members |
|
4.0 |
|
|
2.8 |
|
| Retired members |
|
14.1 |
|
|
10.2 |
|
| Closing defined benefit obligation |
$ |
102.9 |
|
$ |
101.4 |
|
|
| Disclosure of detailed information about changes in fair value of plan assets [Table Text Block] |
| |
|
Year ended |
|
| |
|
Dec. 31, 2025 |
|
|
Dec. 31, 2024 |
|
| Opening fair value of plan assets: |
$ |
94.2 |
|
$ |
106.0 |
|
| Interest income |
|
4.3 |
|
|
4.6 |
|
| Contributions from the employer |
|
0.8 |
|
|
1.1 |
|
| Employer direct benefit payments |
|
0.7 |
|
|
1.3 |
|
| Contributions from plan participants |
|
- |
|
|
0.1 |
|
| Benefit payment from employer |
|
(0.7 |
) |
|
(1.3 |
) |
| Administrative expenses paid from plan assets |
|
- |
|
|
(0.1 |
) |
| Benefits paid |
|
(7.4 |
) |
|
(10.1 |
) |
| Settlement payments from plan assets |
|
- |
|
|
- |
|
| Remeasurement adjustment: |
|
|
|
|
|
|
| Return on plan assets (excluding amounts included in net interest expense) |
|
(2.0 |
) |
|
1.0 |
|
| Effects of changes in foreign exchange rates |
|
4.6 |
|
|
(8.4 |
) |
| Closing fair value of plan assets |
$ |
94.5 |
|
$ |
94.2 |
|
|
| Disclosure of detailed information about net defined benefit liability (asset) [Table Text Block] |
| |
|
Dec. 31, 2025 |
|
|
Dec. 31, 2024 |
|
| Present value of funded defined benefit obligation |
$ |
87.7 |
|
$ |
87.1 |
|
| Fair value of plan assets |
|
(94.5 |
) |
|
(94.2 |
) |
| Present value of unfunded defined benefit obligation |
|
15.2 |
|
|
14.3 |
|
| Net liability arising from defined benefit obligation |
$ |
8.4 |
|
$ |
7.2 |
|
|
| Disclosure of detailed information about pension obligation [Table Text Block] |
| |
|
Dec. 31, 2025 |
|
|
Dec. 31, 2024 |
|
| Pension obligation - current (note 16) |
$ |
0.9 |
|
$ |
1.0 |
|
| Pension obligation - non-current |
|
7.5 |
|
|
6.2 |
|
| Total pension obligations |
$ |
8.4 |
|
$ |
7.2 |
|
|
| Disclosure of detailed information about pension expense [Table Text Block] |
| |
|
Dec. 31, 2025 |
|
|
Dec. 31, 2024 |
|
| Service costs: |
|
|
|
|
|
|
| Current service cost |
$ |
4.7 |
|
$ |
4.7 |
|
| Past service cost |
|
- |
|
|
2.7 |
|
| Total service cost |
|
4.7 |
|
|
7.5 |
|
| Net interest expense |
|
0.4 |
|
|
0.2 |
|
| Administration cost |
|
- |
|
|
0.1 |
|
| Defined benefit pension expense |
$ |
5.1 |
|
$ |
7.8 |
|
| |
|
|
|
|
|
|
| Defined contribution pension expense (note 6d) |
$ |
2.5 |
|
$ |
2.1 |
|
|
| Disclosure of detailed information about remeasurement on the net defined benefit liability [Table Text Block] |
| |
|
Dec. 31, 2025 |
|
|
Dec. 31, 2024 |
|
| Return on plan assets (excluding amounts included in net interest expense) |
$ |
2.0 |
|
$ |
(1.0 |
) |
| Actuarial gain arising from changes in demographic assumptions |
|
- |
|
|
(6.2 |
) |
| Actuarial (gain) loss arising from changes in financial assumptions |
|
(4.3 |
) |
|
1.3 |
|
| Actuarial gain arising from experience adjustments |
|
(0.8 |
) |
|
(0.5 |
) |
| Defined benefit gain related to remeasurement |
$ |
(3.1 |
) |
$ |
(6.4 |
) |
| Total pension cost |
$ |
4.5 |
|
$ |
3.5 |
|
|
| Disclosure of detailed information about defined benefit plan, assumptions used [Table Text Block] |
| |
2025 |
2024 |
| Defined benefit cost: |
|
|
| Discount rate - benefit obligations |
4.66% |
4.64% |
| Discount rate - service cost |
4.73% |
4.64% |
| Expected rate of salary increase1 |
2.75% |
2.75% |
| |
|
|
| Average longevity at retirement age for current pensioners (years)2 : |
|
|
| Males |
20.6 |
20.5 |
| Females |
24.0 |
23.9 |
| Defined benefit obligation: |
|
|
| Discount rate |
4.92% |
4.66% |
| Expected rate of salary increase1,3 |
2.75% |
2.75% |
| |
|
|
| Average longevity at retirement age for current pensioners (years)2 : |
|
|
| Males |
20.7 |
20.6 |
| Females |
24.0 |
24.0 |
| |
|
|
| Average longevity at retirement age for current employees (future pensioners) (years)2 : |
|
|
| Males |
22.5 |
22.5 |
| Females |
25.7 |
25.6 |
|
| Disclosure of fair value of plan assets [Table Text Block] |
| December 31, 2025 |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
| Money market instruments |
$ |
1.0 |
|
$ |
- |
|
$ |
- |
|
$ |
1.0 |
|
| Pooled equity funds |
|
34.6 |
|
|
- |
|
|
- |
|
|
34.6 |
|
| Pooled fixed income funds |
|
- |
|
|
58.5 |
|
|
- |
|
|
58.5 |
|
| Balanced funds |
|
- |
|
|
0.4 |
|
|
- |
|
|
0.4 |
|
| |
$ |
35.6 |
|
$ |
58.9 |
|
$ |
- |
|
$ |
94.5 |
|
| December 31, 2024 |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
| Money market instruments |
$ |
1.1 |
|
$ |
- |
|
$ |
- |
|
$ |
1.1 |
|
| Pooled equity funds |
|
33.0 |
|
|
- |
|
|
- |
|
|
33.0 |
|
| Pooled fixed income funds |
|
- |
|
|
59.6 |
|
|
- |
|
|
59.6 |
|
| Balanced funds |
|
- |
|
|
0.5 |
|
|
- |
|
|
0.5 |
|
| |
$ |
34.1 |
|
$ |
60.1 |
|
$ |
- |
|
$ |
94.2 |
|
|