v3.26.1
Financial assets and liabilities
6 Months Ended
Jun. 30, 2026
Disclosure of detailed information about financial instruments [abstract]  
Financial assets and liabilities

Note 10. Financial assets and liabilities

 

The following tables show the carrying amounts and fair values of financial assets and financial liabilities as of June 30, 2026 and December 31, 2025:

 

 

Accounting category

 

 

Book value on the statement of financial position

 

 

Fair Value

 

 

Fair Value Hierarchy

 

As of June 30, 2026

 

Fair value through profit and loss

 

 

Amortized cost

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

$ in thousands

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-current financial assets

(i)

 

 

 

 

4,723

 

 

 

4,723

 

 

 

4,723

 

 

 

-

 

 

 

-

 

 

 

-

 

Trade receivables

(i)

 

-

 

 

 

5,075

 

 

 

5,075

 

 

 

5,075

 

 

 

-

 

 

 

-

 

 

 

-

 

Subsidies receivables

(i)

 

-

 

 

 

7,525

 

 

 

7,525

 

 

 

7,525

 

 

 

-

 

 

 

-

 

 

 

-

 

Current financial assets

(i)

 

1

 

 

 

131,256

 

 

 

131,257

 

 

 

131,257

 

 

 

-

 

 

 

-

 

 

 

1

 

Cash and cash equivalents

 

 

35,590

 

 

 

-

 

 

 

35,590

 

 

 

35,590

 

 

 

35,590

 

 

 

-

 

 

 

-

 

Total financial assets

 

 

35,591

 

 

 

148,579

 

 

 

184,170

 

 

 

184,170

 

 

 

35,590

 

 

 

-

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-current derivative instruments (EIB warrants)

 

 

12,863

 

 

 

-

 

 

 

12,863

 

 

 

12,863

 

 

 

-

 

 

 

-

 

 

 

12,863

 

Other non-current financial liabilities

(i)

 

-

 

 

 

53,323

 

 

 

53,323

 

 

 

53,323

 

 

 

-

 

 

 

-

 

 

 

-

 

Current financial liabilities

(i)

 

-

 

 

 

7,500

 

 

 

7,500

 

 

 

7,500

 

 

 

-

 

 

 

-

 

 

 

-

 

Trade payables

(i)

 

-

 

 

 

18,202

 

 

 

18,202

 

 

 

18,202

 

 

 

-

 

 

 

-

 

 

 

-

 

Other current liabilities

(i)

 

400

 

 

 

10,247

 

 

 

10,647

 

 

 

10,647

 

 

 

-

 

 

 

-

 

 

 

400

 

Total financial liabilities

 

 

13,263

 

 

 

89,271

 

 

 

102,534

 

 

 

102,534

 

 

 

-

 

 

 

-

 

 

 

13,263

 

 

 

 

 

Accounting category

 

 

Book value on the statement of financial position

 

 

Fair Value

 

 

Fair Value Hierarchy

 

As of December 31, 2025

 

Fair value through profit and loss

 

 

Amortized cost

 

 

 

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

$ in thousands

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-current financial assets

(i)

 

-

 

 

 

5,088

 

 

 

5,088

 

 

 

5,088

 

 

 

-

 

 

 

-

 

 

 

-

 

Trade receivables

(i)

 

-

 

 

 

14,398

 

 

 

14,398

 

 

 

14,398

 

 

 

-

 

 

 

-

 

 

 

-

 

Subsidies receivables

(i)

 

-

 

 

 

7,800

 

 

 

7,800

 

 

 

7,800

 

 

 

-

 

 

 

-

 

 

 

-

 

Current financial assets

(i)

 

234

 

 

 

146,897

 

 

 

147,130

 

 

 

147,130

 

 

 

-

 

 

 

-

 

 

 

234

 

Cash and cash equivalents

 

 

61,533

 

 

 

-

 

 

 

61,533

 

 

 

61,533

 

 

 

61,533

 

 

 

-

 

 

 

-

 

Total financial assets

 

 

61,767

 

 

 

174,183

 

 

 

235,949

 

 

 

235,949

 

 

 

61,533

 

 

 

-

 

 

 

234

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-current derivative instruments (EIB warrants)

 

 

22,059

 

 

 

-

 

 

 

22,059

 

 

 

22,059

 

 

 

-

 

 

 

-

 

 

 

22,059

 

Other non-current financial liabilities

 

 

-

 

 

 

51,953

 

 

 

51,953

 

 

 

52,521

 

 

 

-

 

 

 

-

 

 

 

-

 

Current financial liabilities

(i)

 

-

 

 

 

10,460

 

 

 

10,460

 

 

 

10,460

 

 

 

-

 

 

 

-

 

 

 

-

 

Trade payables

(i)

 

-

 

 

 

17,277

 

 

 

17,277

 

 

 

17,277

 

 

 

-

 

 

 

-

 

 

 

-

 

Other current liabilities

(i)

 

168

 

 

 

12,174

 

 

 

12,342

 

 

 

12,342

 

 

 

-

 

 

 

-

 

 

 

168

 

Total financial liabilities

 

 

22,227

 

 

 

91,865

 

 

 

114,092

 

 

 

114,660

 

 

 

-

 

 

 

-

 

 

 

22,227

 

 

(i) As of June 30, 2026 and December 31, 2025, the carrying amount of these assets and liabilities on the statement of consolidated financial position was a reasonable approximation of their fair value.