Financial Instruments and Risk Management (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Financial Instruments and Risk Management [Abstract] |
|
| Schedule of Consolidated Monetary Assets (Liabilities) |
The principal financial instruments used by the Group, from which financial instruments risks arise and the related balances as of December 31, 2025 and 2024, are:
|
|
|
2025
|
|
2024
|
|
Financial assets at amortized cost
|
|
|
|
|
|
|
|
Amounts due from related parties (see note 29)
|
|
$
|
|
|
$
|
765 |
|
Trade and other receivables (excluding VAT receivables) (see note 18)
|
|
|
3,330 |
|
|
2,431 |
|
Excise duty indemnification (see note 1)
|
|
|
3,575 |
|
|
|
|
Cash and cash equivalents (see note 20)
|
|
|
1,887 |
|
|
698 |
|
Staff loan receivables
|
|
|
98 |
|
|
135 |
| |
|
|
8,890 |
|
|
4,029 |
| |
|
|
|
|
|
|
|
Trade and other payables (excluding VAT payable and employee payables) (see note 19)
|
|
|
21,080 |
|
|
11,894 |
|
Amounts due to related parties (see note 29)
|
|
|
2,277 |
|
|
3,389 |
|
Bank overdraft (see note 20)
|
|
|
|
|
|
1,013 |
|
Excise duty payable (see note 1)
|
|
|
3,575 |
|
|
|
|
Borrowings (see note 24)
|
|
|
5,183 |
|
|
2,516 |
|
Total
|
|
|
32,115 |
|
|
18,812 |
|
Financial liabilities at fair value through profit or loss
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Derivative liability (warrants) (see note 25)
|
|
|
1,334 |
|
|
|
|
Earnout liability (see note 35)
|
|
|
9,898 |
|
|
|
|
Total
|
|
$
|
11,232 |
|
$
|
|
|
| Schedule of Consolidated Monetary Assets/(Liabilities) Group of ZIG |
The table below indicates consolidated monetary assets/(liabilities) in the Group denominated in ZIG
|
|
|
2025
|
|
2024
|
|
Trade and other receivables
|
|
$
|
1,241 |
|
|
$
|
568 |
|
|
Cash and cash equivalents
|
|
|
392 |
|
|
|
74 |
|
|
Amount due from related parties
|
|
|
|
|
|
|
55 |
|
|
Current tax liability
|
|
|
(510 |
)
|
|
|
(1,576 |
)
|
|
Trade and other payables
|
|
|
(82 |
)
|
|
|
(109 |
)
|
|
Total
|
|
$
|
1,041 |
|
|
$
|
(988 |
)
|
|
| Schedule of Sensitivity Analysis |
The following demonstrates the Groups sensitivity to 5% strengthening or weakening of the ZIG local currency as of December 31, 2025, and of the ZWL local currency as of December 31, 2024, against the USD functional currency and the impact on profit or (loss) for each period:
|
|
|
Strengthening
|
|
Weakening
|
|
December 31, 2025
|
|
$
|
55 |
|
$
|
(55 |
)
|
|
December 31, 2024
|
|
$
|
49 |
|
$
|
(49 |
)
|
The following demonstrates the Groups sensitivity to 5% strengthening or weakening of the ZAR local currency against the USD functional currency and the impact on profit or (loss) for each period:
|
|
|
Strengthening
|
|
Weakening
|
|
December 31, 2025
|
|
$
|
63 |
|
$
|
(63 |
)
|
|
December 31, 2024
|
|
$
|
45 |
|
$
|
(45 |
)
|
|
| Schedule of Consolidated Monetary Liabilities Group of ZAR |
The table below indicates consolidated monetary liabilities in the Group denominated in ZAR:
|
|
|
2025
|
|
2024
|
|
Trade and other payables
|
|
$
|
(1,250 |
)
|
|
$
|
(894 |
)
|
|
Total
|
|
$
|
(1,250 |
)
|
|
$
|
(894 |
)
|
|
| Schedule of Summarizes the Maturity of Group’s Financial Liabilities of End of Reporting Period |
The table below summarizes the maturity profile of the Group’s financial liabilities at the end of each reporting period.
|
December 31, 2025
|
|
Less than
12 months
|
|
12-24 Months
|
|
Greater than
24 Months
|
|
Total
|
|
Trade and other payables
|
|
$
|
21,080 |
|
|
|
|
|
21,080 |
|
Borrowings
|
|
|
3,782 |
|
2,066 |
|
104 |
|
5,952 |
|
Amounts due to related parties
|
|
|
2,277 |
|
|
|
|
|
2,277 |
|
Excise tax payable
|
|
|
3,575 |
|
|
|
|
|
3,575 |
|
Total
|
|
$
|
30,714 |
|
2,066 |
|
104 |
|
32,884 |
|
December 31, 2024
|
|
Less than
12 months
|
|
12-24 Months
|
|
Greater than
24 Months
|
|
Total
|
|
Trade and other payables
|
|
$
|
11,894 |
|
$
|
|
|
$
|
|
|
$
|
11,894 |
|
Borrowings
|
|
|
1,441 |
|
|
899 |
|
|
674 |
|
|
3,014 |
|
Amounts due to related parties
|
|
|
3,389 |
|
|
|
|
|
|
|
|
3,389 |
|
Bank overdraft
|
|
|
1,013 |
|
|
|
|
|
|
|
|
1,013 |
|
Total
|
|
$
|
17,737 |
|
$
|
899 |
|
$
|
674 |
|
$
|
19,310 |
|
| Schedule of Summarizes the Credit Risk of Group’s Financial Assets of Current Reporting period |
The table below summarizes the credit risk of the Group’s financial assets at the end of the current reporting period.
|
December 31, 2025
|
|
Gross
|
|
ECL
|
|
Total
|
|
Financial assets
|
|
|
|
|
|
|
|
|
|
Trade and other receivables
|
|
|
5,605 |
|
(2,275 |
)
|
|
3,330 |
|
Cash and cash equivalents
|
|
|
1,887 |
|
|
|
|
1,887 |
|
Staff loan receivables
|
|
|
98 |
|
|
|
|
98 |
|
Amount due from related parties
|
|
|
10,446 |
|
(10,446 |
)
|
|
|
|
Excise duty indemnification
|
|
|
3,575 |
|
|
|
|
3,575 |
|
Total
|
|
$
|
21,611 |
|
(12,721 |
)
|
|
8,890 |
|
December 31, 2024
|
|
Gross
|
|
ECL
|
|
Total
|
|
Financial assets
|
|
|
|
|
|
|
|
|
|
|
|
Amounts due from related parties
|
|
$
|
11,211 |
|
$
|
(10,446 |
)
|
|
$
|
765 |
|
Trade and other receivables
|
|
|
4,684 |
|
|
(2,253 |
)
|
|
|
2,431 |
|
Cash and cash equivalents
|
|
|
698 |
|
|
|
|
|
|
698 |
|
Staff loan receivables
|
|
|
135 |
|
|
|
|
|
|
135 |
|
Total
|
|
$
|
16,728 |
|
$
|
(12,699 |
)
|
|
$
|
4,029 |
|