v3.26.1
Unaudited Condensed Consolidated Statement of Changes in Equity - USD ($)
$ in Thousands
Total
Snita Term Loan Facility
Geely Term Loan Facility
Share capital
Share capital
Snita Term Loan Facility
Share capital
Geely Term Loan Facility
Other contributed capital
Other contributed capital
Snita Term Loan Facility
Other contributed capital
Geely Term Loan Facility
Foreign currency translation reserve
Accumulated deficit
Beginning balance at Dec. 31, 2024 $ 3,328,560     $ (21,169)     $ (3,625,027)     $ 63,152 $ 6,911,604
Net loss 1,193,079 [1]                   1,193,079
Other comprehensive income (loss) (34,876) [1]                 (34,876)  
Total comprehensive loss 1,158,203 [1]                 (34,876) 1,193,079
Equity issuances (200,000)           (200,000)        
Equity-settled share-based payment (5,495)     (89)     (5,406)        
Related party capital contribution (15,265)           (15,265)        
Ending balance at Jun. 30, 2025 4,266,003     (21,258)     (3,845,698)     28,276 8,104,683
Beginning balance at Dec. 31, 2025 5,122,221     (27,817)     (4,133,458)     14,661 9,268,835
Net loss 842,448                   842,448
Other comprehensive income (loss) 91,595                 91,595  
Total comprehensive loss 934,043                 91,595 842,448
Equity issuances (679,874)     (10,857)     (669,017)        
Equity-settled share-based payment (3,367)     (17)     (3,350)        
Debt-to-equity conversion (640,000) $ (341,257) $ (300,000)   $ (6,004) $ (4,654)   $ (335,253) $ (295,346)    
Ending balance at Jun. 30, 2026 $ 4,731,766     $ (49,349)     $ (5,436,424)     $ 106,256 $ 10,111,283
[1] Certain figures and descriptions were re-presented (see Voluntary re-presentation from previous year in Note 2 - Material accounting policies and judgements).