v3.26.1
Loss per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings per share [abstract]  
Summary of Loss per Share

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Loss for the year, attributable to the shareholders of the parent

 

 

(31,283

)

 

 

(55,911

)

 

 

(43,289

)

 

 

(68,341

)

Weighted average number of ordinary shares

 

 

629,121,235

 

 

 

601,195,247

 

 

 

626,823,384

 

 

 

599,884,824

 

Basic and diluted loss per share, U.S. $

 

 

(0.05

)

 

 

(0.09

)

 

 

(0.07

)

 

 

(0.11

)

Weighted average number of ADSs (1 ADS representing 20 ordinary shares)

 

 

31,456,062

 

 

 

30,059,762

 

 

 

31,341,169

 

 

 

29,994,241

 

Basic and diluted loss per ADS, U.S. $

 

 

(0.99

)

 

 

(1.86

)

 

 

(1.38

)

 

 

(2.28

)

Summary of Potential Dilutive Securities that were not Included in Diluted Loss per Share Calculations

Potential dilutive securities that were not included in the diluted loss per share calculations because they would be anti-dilutive were as follows:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Restricted stock units representing ordinary shares

 

 

44,745,260

 

 

 

34,611,500

 

 

 

44,745,260

 

 

 

34,611,500

 

Stock options representing ordinary shares

 

 

15,138,320

 

 

 

10,573,080

 

 

 

15,138,320

 

 

 

10,573,080

 

Convertible Notes(1)

 

 

359,462,635

 

 

 

400,616,344

 

 

 

359,462,635

 

 

 

400,616,344

 

(1) The number of potential dilutive shares from the Convertible Notes are calculated assuming the most advantageous conversion price from the standpoint of the holder and assuming all capitalized interest at maturity will be settled with shares or ADSs, and after considering the repurchases and cancellations of an aggregate amount of $42.9 million Convertible Notes that occurred on October 3, 2025. For further details on the Convertible Notes, the conversion price reset mechanism and the repurchases and cancellations see Note 19 Interest-bearing Loans and Borrowings.