v3.26.3
Administrative Expenses - Schedule of Administrative Expenses (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Schedule of Administrative Expenses [Abstract]    
Staff costs (see Note 9) [1] $ 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 [2] 978 2,019
Audit fees 180 338
Legal fees [2] 1,098 2,336
Loss on asset disposition 270
Insurance 420
Investor relations 897
Stock write-off 75
Consultancy fees [2] 457 6,348
Recruitment 161
Filing fees 163
Administrative expenses $ 13,747 $ 15,706
[1] 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.
[2] 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.