v3.26.1
Unaudited Interim Condensed Consolidated Statements of Change in Shareholders’ Equity - USD ($)
$ in Thousands
Ordinary shares
Additional paid-in capital
Non-controlling interest
(Accumulated losses)/retained earnings
Total
Balance at Dec. 31, 2024 $ 16 $ 84,276 $ 78,170 $ 162,462
Balance (in Shares) at Dec. 31, 2024 [1] 163,106,615        
Issuance of ordinary shares – at-the-market offering, net of issuance costs 176 176
Issuance of ordinary shares – at-the-market offering, net of issuance costs (in Shares) [1] 135,740        
Return of capital to non-controlling shareholder        
Share-based compensation expense 299 299
Issuance of ordinary shares – Business Combination 1,426 5,249 6,675
Issuance of ordinary shares – Business Combination (in Shares) [1] 306,651        
Issuance of ordinary shares – debt extinguishment 2,419 2,419
Issuance of ordinary shares – debt extinguishment (in Shares) [1] 582,940        
Net income/(loss) 74 30,253 30,327
Balance at Jun. 30, 2025 $ 16 88,596 5,323 108,423 202,358
Balance (in Shares) at Jun. 30, 2025 [1] 164,131,946        
Balance at Dec. 31, 2025 $ 17 97,166 5,503 46,918 $ 149,604
Balance (in Shares) at Dec. 31, 2025 166,613,948 [1]       166,613,948 [2]
Issuance of ordinary shares – at-the-market offering, net of issuance costs 76 $ 76
Issuance of ordinary shares – at-the-market offering, net of issuance costs (in Shares) [1] 82,686        
Return of capital to non-controlling shareholder (980) (980)
Share-based compensation expense 1,163 1,163
Net income/(loss) 25 (55,518) (55,493)
Balance at Jun. 30, 2026 $ 17 $ 98,405 $ 4,548 $ (8,600) $ 94,370
Balance (in Shares) at Jun. 30, 2026 166,696,634 [1]       166,696,634 [2]
[1] The share data has been retroactively restated to reflect the current capital structure of the Company.
[2] The share and per share data has been retroactively restated to reflect the current capital structure of the Company.