v3.26.1
Taxes Receivable and Payable (Tables)
 6 Months Ended
Jun. 30, 2026
Tax Receivable Agreement [Abstract]  
Schedule of Taxes Receivable/ Payable Components
The table below shows the break-down of taxes receivable, which are comprised of value added tax (“VAT”) and income tax receivables and payables:

(Thousands of U.S. Dollars)As at June 30, 2026As at December 31, 2025
Taxes Receivable
Current
VAT Receivable
$1,153 $1,394 
Income Tax Receivable13,885 25,719 
$15,038 $27,113 
Long-Term
Income Tax Receivable
$10,227 $1,912 
Taxes Payable
Current
VAT Payable
$(4,709)$(5,189)
Income Tax Payable(10,400)(6,717)
$(15,109)$(11,906)
Long-Term
Income Tax Payable(1)
$(2,062)$— 
Total Net Taxes Receivable$8,094 $17,119 
(1) Included into other long-term liabilities on the Company’s condensed consolidated balance sheet.
Schedule of Taxes Receivable/ Payable Roll Forward
The following table shows the movement of VAT and income tax receivables and payables for the period:

(Thousands of U.S. Dollars)
VAT Receivable/(Payable)(1)
Income Tax ReceivableTotal Net Taxes Receivable
Balance, as at December 31, 2025
$(3,795)$20,914 $17,119 
Collected through direct government refunds
(49)(15,746)(15,795)
Collected through sales contracts
(51,817)— (51,817)
Taxes paid52,069 7,995 60,064 
Withholding taxes paid
688 12,889 13,577 
Current tax expense
— (14,965)(14,965)
Foreign exchange (loss) gain(652)563 (89)
Balance, as at June 30, 2026
$(3,556)$11,650 $8,094 
(1) VAT is paid on certain goods and services and collected on sales in Colombia at a rate of 19%.