v3.26.1
Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Share capital
Share premium
Proceeds on account of convertible options
Controlling shareholders
Transactions with non-controlling interests
Transactions Share-based payment
Hedge Reserve
Translation reserve from foreign operation
Translation reserve from currency Presentation
Accumulated profit (loss)
Total attributable to the owners of the company
Non-controlling interests
Total
Balance at Dec. 31, 2022 $ 2,827 $ 762,516 $ 15,496 $ 5,378 [1] $ (19,404) [1] $ 34,009 [1] $ 20,770 [1] $ 14,775 [1] $ (25,059) [1] $ (7,214) $ 804,094 $ 245,940 $ 1,050,034
Profit for the year 0 0 0 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 70,924 70,924 27,117 98,041
Other comprehensive income (loss):                          
Fair value changes of financial instruments used for cash flow hedging, net of tax 0 0 0 0 [1] 0 [1] 0 [1] 12,586 [1] 0 [1] 0 [1] 0 12,586 3,343 15,929
Exchange differences due to translation of foreign operations 0 0 0 0 [1] 0 [1] 0 [1] 0 [1] 42,364 [1] 0 [1] 0 42,364 11,299 53,663
Other comprehensive income item that will not be transfer to profit or loss:                          
Presentation currency translation adjustment 0 0 0 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] (33,691) [1] 0 (33,691) (7,987) (41,678)
Total other comprehensive loss for the year 0 0 0 0 [1] 0 [1] 0 [1] 12,586 [1] 42,364 [1] (33,691) [1] 0 21,259 6,655 27,914
Total comprehensive income (loss) for the year 0 0 0 0 [1] 0 [1] 0 [1] 12,586 [1] 42,364 [1] (33,691) [1] 70,924 92,183 33,772 125,955
Issuance of shares, net 456 265,994 0 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 266,450 0 266,450
Share-based payment 0 0 0 0 [1] 0 [1] 8,841 [1] 0 [1] 0 [1] 0 [1] 0 8,841 0 8,841
Exercise of options shares 10 22 (2) 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 30 0 30
Increase in ownership rate interest within control 0 0 0 0 [1] (2,839) [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 (2,839) (4,557) (7,396)
Sale of consolidated subsidiaries 0 0 0 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 0 191 191
Dividends and distributions by subsidiaries to non-controlling interests 0 0 0 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 0 (13,596) (13,596)
Investment in consolidated entity 0 0 0 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 0 5,448 5,448
Increase (decrease) in equity 466 266,016 (2) 0 [1] (2,839) [1] 8,841 [1] 0 [1] 0 [1] 0 [1] 0 272,482 (12,514) 259,968
Balance at Dec. 31, 2023 3,293 1,028,532 15,494 5,378 [1],[2] (22,243) [1],[2] 42,850 [1],[2] 33,356 [1],[2] 57,139 [1],[2] (58,750) [1],[2] 63,710 1,168,759 267,198 1,435,957
Profit for the year 0 0 0 0 [2] 0 [2] 0 [2] 0 [2] 0 [2] 0 [2] 44,209 44,209 22,296 66,505
Other comprehensive income (loss):                          
Fair value changes of financial instruments used for cash flow hedging, net of tax 0 0 0 0 [2] 0 [2] 0 [2] (7,727) [2] 0 [2] 0 [2] 0 (7,727) (5,957) (13,684)
Exchange differences due to translation of foreign operations 0 0 0 0 [2] 0 [2] 0 [2] 0 [2] (30,757) [2] 0 [2] 0 (30,757) (9,541) (40,298)
Other comprehensive income item that will not be transfer to profit or loss:                          
Presentation currency translation adjustment 0 0 0 0 [2] 0 [2] 0 [2] 0 [2] 0 [2] (6,202) [2] 0 (6,202) (1,428) (7,630)
Total other comprehensive loss for the year 0 0 0 0 [2] 0 [2] 0 [2] (7,727) [2] (30,757) [2] (6,202) [2] 0 (44,686) (16,926) (61,612)
Total comprehensive income (loss) for the year 0 0 0 0 [2] 0 [2] 0 [2] (7,727) [2] (30,757) [2] (6,202) [2] 44,209 (477) 5,370 4,893
Share-based payment 0 0 0 0 [2] 0 [2] 13,840 [2] 0 [2] 0 [2] 0 [2] 0 13,840 0 13,840
Exercise of options shares 15 0 0 0 [2] 0 [2] 0 [2] 0 [2] 0 [2] 0 [2] 0 15 0 15
Increase in ownership rate interest within control 0 0 0 0 [2] (1,611) [2] 0 [2] 0 [2] 0 [2] 0 [2] 0 (1,611) 355 (1,256)
Sale of consolidated subsidiaries 0 0 0 0 [2] 0 [2] 0 [2] 0 [2] 0 [2] 0 [2] 0 0 469 469
Dividends and distributions by subsidiaries to non-controlling interests 0 0 0 0 [2] 0 [2] 0 [2] 0 [2] 0 [2] 0 [2] 0 0 (25,536) (25,536)
Investment in consolidated entity 0 0 0 0 [2] 0 [2] 0 [2] 0 [2] 0 [2] 0 [2] 0 0 179 179
Exercise of loans into equity 0 0 0 0 [2] 0 [2] 0 [2] 0 [2] 0 [2] 0 [2] 0 0 12,373 12,373
Increase (decrease) in equity 15 0 0 0 [2] (1,611) [2] 13,840 [2] 0 [2] 0 [2] 0 [2] 0 12,244 (12,160) 84
Balance at Dec. 31, 2024 3,308 1,028,532 15,494 5,378 [2],[3] (23,854) [2],[3] 56,690 [2],[3] 25,629 [2],[3] 26,382 [2],[3] (64,952) [2],[3] 107,919 1,180,526 260,408 1,440,934
Profit for the year 0 0 0 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 132,104 132,104 28,598 160,702
Other comprehensive income (loss):                          
Fair value changes of financial instruments used for cash flow hedging, net of tax 0 0 0 0 [3] 0 [3] 0 [3] (7,371) [3] 0 [3] 0 [3] 0 (7,371) (2,804) (10,175)
Exchange differences due to translation of foreign operations 0 0 0 0 [3] 0 [3] 0 [3] 0 [3] (133,030) [3] 0 [3] 0 (133,030) (2,165) (135,195)
Other comprehensive income item that will not be transfer to profit or loss:                          
Presentation currency translation adjustment 0 0 0 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 197,424 [3] 0 197,424 39,951 237,375
Total other comprehensive loss for the year 0 0 0 0 [3] 0 [3] 0 [3] (7,371) [3] (133,030) [3] 197,424 [3] 0 57,023 34,982 92,005
Total comprehensive income (loss) for the year 0 0 0 0 [3] 0 [3] 0 [3] (7,371) [3] (133,030) [3] 197,424 [3] 132,104 189,127 63,580 252,707
Issuance of shares, net 340 290,358 0 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 290,698 0 290,698
Issuance of convertible debentures 0 0 9,957 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 9,957 0 9,957
Share-based payment 0 0 0 0 [3] 0 [3] 17,573 [3] 0 [3] 0 [3] 0 [3] 0 17,573 0 17,573
Exercise of options shares 53 0 0 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 53 0 53
Exercise of share options 10 826 (71) 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 765 0 765
Increase in ownership rate interest within control 0 0 0 0 [3] (558) [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 (558) 16 (542)
Sale of consolidated subsidiaries 0 0 0 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 0 (201) (201)
Dividends and distributions by subsidiaries to non-controlling interests 0 0 0 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 0 (29,805) (29,805)
Investment in consolidated entity 0 0 0 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 0 12,799 12,799
Increase (decrease) in equity 403 291,184 9,886 0 [3] (558) [3] 17,573 [3] 0 [3] 0 [3] 0 [3] 0 318,488 (17,191) 301,297
Balance at Dec. 31, 2025 $ 3,711 $ 1,319,716 $ 25,380 $ 5,378 [3] $ (24,412) [3] $ 74,263 [3] $ 18,258 [3] $ (106,648) [3] $ 132,472 [3] $ 240,023 $ 1,688,141 $ 306,797 $ 1,994,938
[1] The Capital reserves as of December 31, 2023 total to USD 30,469 thousands
[2] The Capital reserves as of December 31, 2024 total to USD 25,273 thousands
[3] The Capital reserves as of December 31, 2025 total to USD 99,311 thousands