v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities      
Profit before tax $ 49,507,000 $ 33,243,000 $ 33,107,000
Adjustments for:      
Finance costs 11,447,000 8,538,000 8,424,000
Interest income (7,665,000) (5,074,000) (1,846,000)
Depreciation of property, plant and equipment 43,642,000 43,939,000 42,742,000
Depreciation of right-of-use assets 38,902,000 36,910,000 35,709,000
Amortization of intangible assets 107,000 123,000 106,000
Impairment loss, net of reversal - property, plant and equipment 1,236,000 2,308,000 (3,728,000)
Impairment loss, net of reversal - right-of-use assets 766,000 (2,355,000) (3,916,000)
Impairment loss, net of reversal - goodwill     1,122,000
Impairment loss, net of reversal - intangible assets     1,600,000
Loss on disposal of property, plant and equipment and provision for early termination of leases 3,014,000 2,290,000 2,388,000
Net (gain) loss on lease termination 71,000 (1,476,000) (2,161,000)
Loss on lease modification     366,000
Net gain arising on financial assets at fair value through profit or loss (1,711,000) (3,100,000) (1,552,000)
Loss on disposal of a subsidiary (Note 37)     605,000
Other rental concessions     (596,000)
Net foreign exchange loss (gain) (13,885,000) 20,501,000 7,378,000
Operating cash flows before movements in working capital 125,431,000 135,847,000 119,748,000
Increase in inventories (4,954,000) (1,759,000) (3,778,000)
Increase in trade and other receivables and prepayments (152,000) (1,103,000) (7,529,000)
Decrease (Increase) in rental and other deposits (854,000)   19,000
Increase (Decrease) in trade payables 4,378,000 (3,687,000) 2,065,000
Increase in other payables 3,212,000 287,000 5,771,000
Increase in contract liabilities 516,000 1,245,000 7,187,000
Decrease in provisions (688,000)   (150,000)
Increase in amounts due to related parties 779,000 487,000 66,000
Cash generated from operations 127,668,000 131,317,000 123,399,000
Income taxes paid, net of refunds (13,020,000) (11,621,000) (9,354,000)
Net cash from operating activities 114,648,000 119,696,000 114,045,000
Investing activities      
Interest received from bank deposits 5,336,000 4,052,000 1,370,000
Purchase of financial assets at fair value through profit or loss (373,921,000) (233,236,000) (97,250,000)
Redemption of financial assets at fair value through profit or loss 375,632,000 236,336,000 98,816,000
Purchase of property, plant and equipment (53,157,000) (34,742,000) (32,801,000)
Proceeds on disposals of property, plant and equipment 142,000 134,000 1,790,000
Purchase of intangible assets (135,000)   (173,000)
Payments for rental deposits (4,215,000) (2,027,000) (1,949,000)
Refund of rental deposits 209,000 1,867,000 446,000
Proceeds from disposal of a subsidiary (Note 37)     17,389,000
Withdrawal of pledged bank deposits 200,000   587,000
Placement of time deposits with original maturity over three months (127,400,000)    
Net cash used in investing activities (177,309,000) (27,616,000) (11,775,000)
Financing activities      
Repayments of bank borrowings     (562,000)
Repayments of lease liabilities (51,035,000) (43,536,000) (43,425,000)
Proceeds from issue of share of the Company   56,113,000  
Capital injection from non-controlling interests     200,000
Net cash (used in) from financing activities (51,035,000) 12,577,000 (43,787,000)
Net increase (decrease) in cash and cash equivalents (113,696,000) 104,657,000 58,483,000
Cash and cash equivalents at beginning of the year 254,719,000 152,908,000 93,878,000
Effect of foreign exchange rate changes 3,567,000 (2,846,000) 547,000
Cash and cash equivalents at end of the year 144,590,000 254,719,000 152,908,000
Bank balances and cash (Note 19) 271,990,000 254,719,000 $ 152,908,000
Less: time deposits with original maturity over three months $ (127,400,000) $ 0