Administrative Expenses

6 Months Ended

Jun. 30, 2026

Administrative Expenses [Abstract]

Administrative expenses

7. Administrative expenses

		Six months ended
		June 30, 2026				June 30, 2025
		(Unaudited)				(Unaudited)
Staff costs (see Note 9)⁽²⁾		$	6,578			$	2,870
General and administrative costs			982				510
Fines and penalties			49				287
Bank charges			502				306
Fuel costs			147				25
Directors’ fees			248				263
Welfare costs			63				33
Stores			824				26
Travel⁽¹⁾			978				2,019
Audit fees			180				338
Legal fees⁽¹⁾			1,098				2,336
Loss on asset disposition			-				270
Insurance			420				-
Investor relations			897				-
Stock write-off			-				75
Consultancy fees⁽¹⁾			457				6,348
Recruitment			161				-
Filing fees			163				-
Administrative expenses		$	13,747			$	15,706

(1)	Consultancy, legal, and travel expenses of US$10.2m for the six months ended June 30, 2025 are not of a recurring nature and primarily relates to the Reorganization Transaction and the Business Combination, as described in Notes 1 & 4.

(2)	Included in staff costs for the six months ended June 30, 2026 is US$2.6m of one-time restructuring costs. These costs primarily relate to the Company's restructuring activities and are not expected to recur.