(Loss) Income Per Share |
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (Loss) Income Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (LOSS) INCOME PER SHARE |
The calculation of basic (loss) income per share is based on the (loss) income attributable to ordinary equity shareholders of the Group and the weighted average number of ordinary shares outstanding for the six months ended June 30, 2026 and 2025.
Diluted loss per share is computed using the weighted average number of ordinary shares and dilutive potential ordinary shares outstanding during the respective periods.
For the six months ended June 30, 2026, the potential ordinary shares related to: (i) the outstanding share awards exercisable into approximately 14.3 million; (ii) share options issued in connection with the Norway Acquisition exercisable into approximately 0.4 million; (iii) the November 2024 convertible senior notes convertible into approximately 4.1 million; (iv) the June 2025 convertible senior notes convertible into approximately 23.6 million; (v) the November 2025 convertible senior notes convertible into approximately 22.5 million; (vi) the February 2026 convertible senior notes convertible into approximately 37.8 million were excluded from the calculation of diluted net income per share as their effect would have been anti-dilutive.
For the six months ended June 30, 2025, the potential ordinary shares related to: (i) the outstanding share awards exercisable into approximately 14.2 million; (ii) share options issued in connection with the Norway Acquisition exercisable into approximately 0.4 million; (iii) the promissory note convertible into approximately 2.0 million; (iv) the November 2024 convertible senior notes convertible into approximately 25.0 million; (v) the June 2025 convertible senior notes convertible into approximately 23.6 million were excluded from the calculation of diluted net income per share as their effect would have been anti-dilutive.
The following reflects the loss and share data used in the basic and diluted loss per ordinary share computations:
Each Class A ordinary share carries 1 vote and each Class V ordinary share carries 10 votes. All classes of shares are entitled to dividend and rank pari passu except for voting rights. They are included in the ordinary shares and the shareholders of the shares are referred to as the ordinary equity shareholders in the context of notes and presentations of earnings per share. |
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