v3.26.1
Consolidated Statements of Changes in Shareholders’ Deficit - USD ($)
$ in Thousands
Share capital
Share premium/other reserves
Shareholders’ surplus/(deficit)
Total
Balance at Dec. 31, 2022 $ 1 $ (18,745) $ (18,744)
Total comprehensive income for the period 3,627 3,627
Share-based payment (3,231) (3,231)
Dividend (10,000) (10,000)
Balance at Dec. 31, 2023 1 (28,349) (28,348)
Total comprehensive income for the period 3,588 3,588
Share-based payment 2,834 2,834
Dividend (9,000) (9,000)
Balance at Dec. 31, 2024 1 (30,927) (30,926)
Total comprehensive income for the period   101,180 101,180
Impact of reverse capitalization 4 (4)
Issuance of shares to HCVI shares upon reverse capitalization (7,002) (7,002)
Issue of shares for promissory note [1] 600 600
Earnout liability (168,720) (168,720)
Listing expense 65,381 65,381
Share-based payment 212 212
Balance at Dec. 31, 2025 $ 5 $ (109,745) $ 70,465 $ (39,275)
[1] Refer to note 26 which describes that 406,754 shares were issued with a share capital value of $41. This is not reflected above due to rounding.