v3.26.1
Financial Instruments and Risk Management (Tables)
 12 Months Ended
Dec. 31, 2025
Financial Instruments and Risk Management [Abstract]  
Schedule of Current Credit Risk

The Group’s current credit risk grading framework comprises the following categories:

 

Category   Definition of category   Basis for recognizing
expected credit loss (ECL)
I   Counterparty has a low risk of default and does not have any past-due amounts.   12-month ECL
II   Amount is >30 days past due or there has been a significant increase in credit risk since initial recognition.   Lifetime ECL — not credit-impaired
III   Amount is >60 days past due or there is evidence indicating the asset is credit-impaired (in default).   Lifetime ECL — credit impaired
IV   There is evidence indicating that the debtor is in severe financial difficulty and the debtor has no realistic prospect of recovery.   Amount is written-off
Schedule of Exposure to Credit Risk

The table below details the credit quality of the Group’s financial assets, as well as maximum exposure to credit risk by credit risk rating categories:

 

         Gross         
      12-month or  carrying       Net carrying 
Group  Note  lifetime ECL  amount   Impairment   amount 
         USD   USD   USD 
December 31, 2025                  
Trade receivables  9  Lifetime ECL   5,843,587    (1,026,591)   4,816,996 
Other receivables  9  12-month   211,746    
-
    211,746 
Amount due from related party  24  12-month   451,335    
-
    451,335 
Cash and cash equivalents  10  12-month   1,629,018    
-
    1,629,018 
                      
December 31, 2024                     
Trade receivables  9  12-month   4,701,900    (968,322)   3,733,578 
Other receivables  9  12-month   91,568         91,568 
Amount due from related party  24  12-month   553,184         553,184 
Cash and cash equivalents  10  12-month   1,000,283    
-
    1,000,283 
Schedule of Liquidity Risk
   Carrying
amount		   Contractual
cash flow		   Within
1 year		   Within
2 to 5 years		   After
5 years		 
Group  USD   USD   USD   USD   USD 
2025                    
Financial assets                    
Other financial assets   71,561    71,561    
-
    
-
    71,561 
Trade and other receivables   5,028,742    5,028,742    5,028,742    
-
    
-
 
Amount due from related party   451,335    451,335    134,925    316,410      
Cash and cash equivalents   1,629,018    1,629,018    1,629,018    
-
    
-
 
Total undiscounted financial assets   7,180,656    7,180,656    6,792,685    316,410    71,561 
                          
Financial liabilities                         
Trade and other payables   1,755,837    1,755,837    1,755,837    
-
    
-
 
Amount due to related party   207,551    207,551    207,551    
-
    
-
 
Lease liabilities   301,991    328,147    114,113    214,034    
-
 
Debt   4,810,433    6,116,634    3,192,218    1,023,017    1,901,399 
Total undiscounted financial liabilities   7,075,812    8,408,169    5,269,719    1,237,051    1,901,399 
                          
2024                         
Financial assets                         
Other financial assets   69,505    69,505    
-
    
-
    69,505 
Trade and other receivables   3,825,146    3,825,146    3,825,146    
-
    
-
 
Amount due from related party   553,184    553,184    121,167    432,017      
Cash and cash equivalents   1,000,283    1,000,283    1,000,283    
-
    
-
 
Total undiscounted financial assets   5,448,119    5,448,119    4,946,596    432,017    69,505 
                          
Financial liabilities                         
Trade and other payables   825,522    825,522    825,522    
-
    
-
 
Amount due to related party   216,940    216,940    216,940           
Lease liabilities   260,162    285,562    103,063    182,499    
-
 
Derivative liabilities   173,551    173,551    
-
    173,551    
 
 
Debt   6,028,791    6,957,197    3,249,560    1,342,420    2,365,217 
Total undiscounted financial liabilities   7,504,966    8,458,772    4,395,085    1,698,470    2,365,217 
Schedule of Weighted Average Effective Interest Rates for the Debt and Lease Liabilities At the end of reporting period, the weighted average effective interest rates for the debt and lease liabilities were as follows:
      2025       2024   2023
Fixed rates                  
Debts     1.9% - 8.2%       1.5% – 8%   1.5% – 8%
Lease liabilities     4.7% – 6.5%       1.5% – 2.5%   1.5% – 2.5%