v3.26.1
Loss Per Share
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Loss Per Share

13. Loss per share

Basic loss per share is calculated by dividing the loss attributable to ordinary equity holders of the Company for the period by the weighted average number of ordinary shares outstanding during the period. Diluted loss per share is based on dividing the loss attributable for the period, adjusted for the effect of dilutive ordinary shares, by ordinary share equivalents, which includes the weighted average number of ordinary shares outstanding and the effect of dilutive ordinary share equivalents.

 

 

Three Months Ended
March 31,

 

 

2026

 

 

2025

 

 

($'000, except share and per share
amounts)

 

 

($'000, except share and per share
amounts)

 

Net loss

 

$

(6,719

)

 

$

(12,887

)

Net loss per share – basic and diluted

 

$

(0.01

)

 

$

(0.02

)

Weighted-average number of shares used in computing loss per share – basic and diluted

 

 

801,805,570

 

 

 

784,279,387

 

The Company’s potentially dilutive securities in the table below have been excluded from the computation of diluted loss per share as the effect for the three months ended March 31, 2026 and 2025 would be to reduce the loss per share. Therefore, the weighted average number of ordinary shares outstanding used to calculate both basic and diluted loss per share is the same.

 

 

Three Months Ended
March 31,

 

 

 

2026

 

 

2025

 

Ordinary shares issuable for:

 

 

 

 

 

 

Share-based compensation awards

 

 

116,883,225

 

 

 

92,734,385

 

Warrant liabilities

 

 

2,487,816

 

 

 

2,487,816

 

Warrants classified in equity

 

 

2,000,000

 

 

 

3,551,699