| Intangible assets |
Note 9. Intangible AssetsA summary of the intangible assets as at June 30, 2026 and December 31, 2025 is as follows:
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Goodwill |
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Capitalized
software |
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Other
intangible
assets |
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Ongoing
development
costs |
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Total |
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Cost |
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At December 31, 2025 |
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128,489 |
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18,656 |
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10,830 |
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1,906 |
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159,881 |
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Additions |
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— |
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115 |
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589 |
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1,141 |
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1,845 |
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Reclassifications |
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— |
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783 |
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— |
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(783 |
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— |
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Exchange differences |
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(7,020 |
) |
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(1,038 |
) |
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(524 |
) |
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(138 |
) |
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(8,720 |
) |
At June 30, 2026 |
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121,469 |
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18,516 |
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10,895 |
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2,126 |
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153,006 |
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Accumulated amortization |
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At December 31, 2025 |
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— |
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(14,752 |
) |
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(7,107 |
) |
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(275 |
) |
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(22,134 |
) |
Amortization charge |
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— |
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(1,220 |
) |
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(808 |
) |
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— |
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(2,028 |
) |
Exchange differences |
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— |
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865 |
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371 |
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16 |
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1,252 |
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At June 30, 2026 |
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— |
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(15,107 |
) |
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(7,544 |
) |
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(259 |
) |
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(22,910 |
) |
Cost, net accumulated amortization |
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At December 31, 2025 |
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128,489 |
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3,904 |
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3,723 |
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1,631 |
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137,747 |
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At June 30, 2026 |
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121,469 |
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3,409 |
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3,351 |
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1,867 |
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130,096 |
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Amortization expense for the three months ended June 30, 2026 was $0.9 million (2025: $1.1 million). Amortization expense for the six months ended June 30, 2026 was $2.0 million (2025: $2.1 million).
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