Share Capital

6 Months Ended

Jun. 30, 2026

25. Share capital

Refer to Note 1 of the Group’s audited consolidated financial statements for the year ended December 31, 2025, for a description of the Reorganization Transaction that occurred on June 17, 2024, and Note 4 for further details on the reverse capitalization.

($ represent unrounded amounts)	Number of fully paid shares		Amount
	(Unaudited)		(Unaudited)
January 1, 2025		1,000		1,000
Issuance of shares to HCVI shareholders upon reverse capitalization		4,807,469		481
Impact of reverse capitalization		48,868,960		3,887
Issue of shares for promissory note		406,754		41
January 1, 2026		54,084,183		5,409
Issue of shares for promissory note		1,045,575		105
Issue of shares		554,675		55
June 30, 2026		55,684,433	$	5,569

A promissory note was issued for debt of US$3.5 million which settles the debt in 11 monthly instalments of $0.3m from November 2025 and a final instalment of US$0.2m in September 2026. The debt is settled in the equivalent number of shares. The Company can choose to settle the debt at any point, either in cash or in the equivalent number of shares. The balance payable of US$1.1m at period end is included in trade payables.