32       COMMITMENTS AND CONTINGENCIES

a)                   Operating leases commitments

The Company has the following commitments for future minimum payments under operating leases:

b)                   Contingencies

Certain conditions may exist on the date of these financial statements that could result in a loss to the Company in the future upon the occurrence or non-occurrence of specific events. At each reporting date, the Company evaluates its loss contingencies related to ongoing legal proceedings by assessing the likelihood of an unfavorable outcome and the amounts claimed or expected to be claimed. As of December 31, 2025, contingencies include an amount of $14,515, primarily related to the recently acquired entity, MSG.