v3.26.1
Borrowings (Tables)
 6 Months Ended
Jun. 30, 2026
Borrowings [abstract]  
Schedule of Borrowings
June 30, 2026
December 31, 2025
Current
Non-current
Current
Non-current
1.
US$'000
US$'000
US$'000
US$'000
Secured
Bank loans
690
8,716
1,418
8,989
Working capital facility
-
(76)
-
(98)
Total secured borrowings
690
8,640
1,418
8,891
Unsecured
Convertible bonds
10,818
496,237
11,692
383,023
Total unsecured borrowings
10,818
496,237
11,692
383,023
Total borrowings
11,508
504,877
13,110
391,914
Schedule of Convertible Bonds The convertible bonds are presented in the Group’s consolidated statement of financial position as follows:
June 30
2026
December 31
2025
1.
US$'000
US$'000
1.
Opening balance
394,715
344,218
Unwind of discount
13,741
22,502
Interest expense
5,334
9,945
Interest paid
(5,101)
(9,871)
Repurchase of Existing Bonds
(422,499)
-
Face value of New Bonds issued
600,000
-
Transaction costs
(10,747)
-
Other equity securities - value of conversion rights
(91,709)
-
Exchange differences
23,321
27,921
Closing balance
507,055
394,715
Current
10,818
11,692
Non-current
496,237
383,023
Total convertible bond liability
507,055
394,715
Schedule of Fair Value Hierarchy They are classified as level 3 fair values in the fair value hierarchy
due to the use of unobservable inputs, including own credit risk.
June 30, 2026
December 31, 2025
1.
Carrying
amount
Fair value
Carrying
amount
Fair value
1.
US$'000
US$'000
US$'000
US$'000
1.
Bank loans
9,330
9,330
10,309
10,309
Convertible bonds
507,055
506,039
394,715
399,348