v3.26.1
Consolidated Interim Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Profit for the interim period $ 35,402 $ 23,912
Adjustments to reconcile profit to net cash from operating activities:    
Depreciation and amortization 2,706 1,112
Unrealized gain on foreign currency (2,851) (207)
Unrealized loss on foreign currency 32 336
Gain on foreign currency transaction (242) 0
Gain on valuation of financial assets and liabilities (680) (290)
Loss on valuation of financial assets and liabilities 0 11
Interest income (4,220) (3,806)
Interest expense 476 449
Miscellaneous expense 92 0
Provision for severance benefits 103 108
Other long-term employee benefits 99 289
Income tax expense 9,074 8,866
Working capital adjustments:    
Accounts receivable, net 3,784 1,383
Prepaid expenses, and other assets 317 518
Other non-current assets 50 53
Accounts payable and accrued expenses (1,451) 3,369
Contract liabilities (367) (341)
Other current and non-current liabilities (484) (19)
Cash generated from operations 41,840 35,743
Interest received 4,902 6,180
Interest paid (82) (61)
Income taxes paid (266) (742)
Net cash inflow from operating activities  46,394 41,120
Cash flows from investing activities    
Purchase of property and equipment (36) (120)
Disposal of financial assets at fair value through profit or loss 44 0
Purchase of short-term investments (90,840) (141,081)
Disposal of short-term investment 89,823 131,221
Net cash (outflow) from investing activities  (1,009) (9,980)
Cash flows from financing activities    
Repayment of lease liabilities (431) (207)
Payment of dividends 0 0
Net cash (outflow) from financing activities  (431) (207)
Net increase in cash and cash equivalents 44,954 30,933
Effect of exchange rate changes on cash and cash equivalents (999) (119)
Cash and cash equivalents at beginning of the interim period 388,891 334,850
Cash and cash equivalents at end of the interim period $ 432,846 $ 365,664