v3.26.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure Of Income Taxes [Abstract]  
Disclosure of detailed information about tax balances presented in the statement of financial position
   
As of December 31
  
   
2025
    
2024
  
   
USD in thousands
    
USD in thousands
  
Current tax assets (liabilities):
            
Current tax assets
    
8,949
      
4,719
  
Current tax liabilities
    
(9,837
)
    
(12,016
)
Total current tax assets (liabilities)
    
(888
)
    
(7,297
)
                 
Non-current tax assets (liabilities):
                
Deferred tax assets
    
4,692
      
10,744
  
Deferred tax liabilities
    
(77,688
)
    
(41,792
)
Total non-current tax assets (liabilities)
    
(72,996
)
    
(31,048
)
Disclosure of temporary difference, unused tax losses and unused tax credits
   
Balance as of
January 1
2025
    
Recognized
in the
statement of
income
    
Other
comprehensive
income
    
Balance as of
December 31
2025
  
   
USD in thousands
    
USD in thousands
    
USD in thousands
    
USD in thousands
  
Temporary differences:
                        
Fixed assets
    
(35,375
)
    
7,339
      
(13,187
)
    
(41,223
)
IFRS 16 – Leases
    
1,893
      
201
      
287
      
2,381
  
Financial instruments
    
(7,909
)
    
(104
)
    
2,027
      
(5,986
)
Contingent consideration
    
(12,394
)
    
-
      
-
      
(12,394
)
Tax equity arrangement
    
(10,073
)
    
(46,645
)
    
-
      
(56,718
)
Disposal groups classified as held   for sale
    
1,801
      
(1,801
)
    
-
      
-
  
Others
    
(7,912
)
    
(5,467
)
    
1,888
      
(11,491
)
Total
    
(69,969
)
    
(46,477
)
    
(8,985
)
    
(125,431
)
                                 
Unused losses and tax benefits:
                                
Tax losses
    
38,921
      
7,199
      
6,315
      
52,435
  
     
38,921
      
7,199
      
6,315
      
52,435
  
                                 
Total
    
(31,048
)
    
(39,278
)
    
(2,670
)
    
(72,996
)
   
Balance as of
January 1
2024
    
Classification
    
Recognized
in the
statement of
income
    
Other
comprehensive
income
    
Initial consolidation
    
Balance as of
December 31
2024
  
   
USD in thousands
    
USD in thousands
    
USD in thousands
    
USD in thousands
    
USD in thousands
    
USD in thousands
  
Temporary differences:
                                    
Fixed assets
    
(15,664
 )    
(13,463
)
    
(5,801
)
    
87
      
(534
)
    
(35,375
)
IFRS 16 – Leases
    
1,475
      
59
      
361
      
(2
)
    
-
      
1,893
  
Financial instruments
    
(12,319
 )    
-
      
226
      
4,184
      
-
      
(7,909
)
Contractual asset in respect of
   concession arrangements
    
(15,173
 )    
15,173
      
-
      
-
      
-
      
-
  
Contingent consideration
    
(10,096
 )    
-
      
(2,323
)
    
25
      
-
      
(12,394
)
Tax equity arrangement
    
-
      
-
      
(9,944
)
    
(129
)
    
-
      
(10,073
)
Disposal groups classified as held   for sale
    
-
      
1,801
      
-
      
-
      
-
      
1,801
  
Others
    
(14,387
 )    
-
      
875
      
5,600
      
-
      
(7,912
)
Total
    
(66,164
 )    
3,570
      
(16,606
)
    
9,765
      
(534
)
    
(69,969
)
                                                 
Unused losses and tax benefits:
                                                
Tax losses
    
30,357
      
(3,570
)
    
12,144
      
(10
)
    
-
      
38,921
  
     
30,357
      
(3,570
)
    
12,144
      
(10
)
    
-
      
38,921
  
                                                 
Total
    
(35,807
 )    
-
      
(4,462
)
    
9,755
      
(534
)
    
(31,048
)
Disclosure of expenses (income) from income taxes which were recognized in the statement of income
   
For the year ended December 31
  
   
2025
    
2024
    
2023
  
   
USD in thousands
    
USD in thousands
    
USD in thousands
  
Current taxes:
                  
Current tax expenses
    
4,597
      
13,747
      
17,715
  
Prior year taxes
    
-
      
66
      
(1,595
)
Total current taxes
    
4,597
      
13,813
      
16,120
  
                         
Deferred taxes:
                        
Deferred tax expenses in respect of the creation and reversal of temporary differences
    
46,907
      
16,606
      
11,241
  
Prior year taxes
    
-
      
(1,303
)
    
-
  
Expenses (income) from the creation of deferred taxes in respect of losses and unused tax benefits
    
(7,629
)
    
(10,841
)
    
1,067
  
Total deferred taxes
    
39,278
      
4,462
      
12,308
  
                         
Total expenses from income taxes
    
43,875
      
18,275
      
28,428
  
Disclosure of reconciliation between the theoretical tax on the pre-tax profit and the tax expense
   
For the year ended
December 31
  
   
2025
    
2024
    
2023
  
   
USD in thousands
    
USD in thousands
    
USD in thousands
  
Profit before income taxes from continuing operations
    
204,577
      
84,780
      
126,469
  
Primary tax rate of the Company
    
23
%
    
23
%
    
23
%
Tax calculated according to the Company’s primary tax rate
    
47,053
      
19,499
      
29,088
  
                         
Additional tax (tax saving) in respect of:
                        
No controlling share in the profits / losses of investee partnerships
    
(3,175
)
    
(1,779
)
    
(1,653
)
Different tax rate of foreign subsidiaries
    
(611
)
    
(2,557
)
    
(2,080
)
Non-deductible expenses
    
2,328
 
    
2,302
      
1,662
  
Exempt income
    
(7,016
)
    
(390
)
    
(1,282
)
Utilization of tax losses and benefits from prior years
    
2,243
      
1,126
      
924
  
Temporary difference in respect of subsidiaries for which deferred taxes were not recognized
    
1,737
      
1,537
      
3,433
  
Change in taxes in respect of previous years
    
-
      
(1,420
)
    
(1,847
)
Others
    
1,316
      
(43
)
    
183
  
Total income taxes from continuing operations as presented in profit or loss
    
43,875
      
18,275
      
28,428