v3.26.1
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

Basic and diluted earnings per share for the years ended December 31, 2025, 2024 and 2023 were calculated as follows:

 

2025

 

2024

 

2023

Profit for the year attributable to owners of the Group (basic and diluted)

 

$

101,180

 

$

3,588

 

 

$

3,627

Basic weighted average shares number of shares (thousands)

 

 

51,684

 

 

48,870

*

 

 

48,870

Diluted weighted average number of shares (thousands)

 

 

55,014

 

 

48,870

 

 

 

48,870

Basic earnings per share

 

$

1.96

 

$

0.07

 

 

$

0.07

Diluted earnings per share

 

 

1.84

 

 

0.07

 

 

 

0.07

*        As discussed in Note 4, the Company’s basic and diluted earnings per share related to Namib prior to the Business Combination have been retroactively restated for the years ended December 31, 2024 and 2023 based on shares reflecting the exchange ratio established in the Business Combination.

Schedule of Weighted Average Number of Shares

This table reconciles the weighted average number of shares for basic EPS to those used for dilutive EPS purposes. There were no dilutive instruments for the years ended December 31, 2024 and 2023.

 

2025

 

2024

 

2023

Weighted average number of shares

 

 

51,684,364

 

48,869,960

 

48,869,960

Adjustments:

 

 

         

Promissory note

 

 

3,022,408

 

 

Warrants

 

 

 

 

Earnout liability

 

 

 

 

PSUs

 

 

 

 

Equity-settled RSUs

 

 

79,212

 

 

Compound RSUs

 

 

228,295

 

 

Total weighted average number of shares

 

 

55,014,279

 

48,869,960

 

48,869,960

Diluted earnings per share

 

$

1.84

 

0.07

 

0.07