v3.26.3
Debt (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Debt Instrument [Line Items]    
Schedule of short-term and long-term debt
Below are the contractual terms of the Company’s interest-bearing loans and borrowings that are measured at amortized cost. The carrying values of the Company’s short-term and long-term debt consisted of the following:
 
     
      Debt outstanding          
(in thousands)    June 30,
2026
     December 31,
2025
     Maturity  
7.875% Senior Secured Bonds due 2028
     196,363        195,636        Dec 2028  
Shareholder Loans
     —        143,732        Dec 2028  
Revolving Credit Facility
     —        —     
Credit Line in China (a)
     1,473        715     
  
 
 
    
Total debt, net
     197,836        340,083     
Current debt, net
     1,473        715     
Non-current debt, net
     196,363        339,368     
  
 
 
 
Total debt, net
   $ 197,836      $ 340,083     
 
 
 
(a).   Expired on March 26, 2026, with the Company retaining a one-year period from each respective withdrawal date to remit payment.
 
HMH Holding BV And Subsidiaries [Member]    
Debt Instrument [Line Items]    
Schedule of short-term and long-term debt  
Below are the contractual terms of the Company’s interest-bearing loans and borrowings that are measured at amortized cost. The carrying values of the Company’s short-term and long-term debt consisted of the following as of December 31, 2025 and 2024:
 
     
      Debt outstanding          
      2025      2024     
Maturity
date
 
9.875% Senior Secured Bonds due 2026
   $ —      $ 196,837        Nov 2026  
7.875% Senior Secured Bonds due 2028
     195,636        —        Dec 2028  
Shareholder Loans
     143,732        131,910        Dec 2028  
Revolving Credit Facility
     —        14,397        Jun 2028  
Credit Line in China
     715        —        Mar 2026  
  
 
 
    
Total debt, net
     340,083        343,144     
Current debt, net
     715        14,397     
Non-current debt, net
     339,368        328,747     
  
 
 
 
Total debt, net
   $ 340,083      $ 343,144     
 
 
Schedule of Maturities of Long-Term Debt  
The following table sets forth the maturities of principal payments on long-term debt for each of the five years in the period ending December 31, 2030, and in the aggregate thereafter:
 
   
Year ending December 31,        
2026
   $ —  
2027
     —  
2028
     300,000  
2029
     —  
2030
     —  
Thereafter
     —  
  
 
 
 
Total
   $ 300,000