v3.26.3
Share-based payments (Tables)
 12 Months Ended
Dec. 31, 2025
IfrsStatementLineItems [Line Items]  
Schedule of weighted-average grant date fair value of the RSUs granted

 

   Number of RSUs   Weighted average grant date fair value per share 
   2025   2024   2025   2024 
As at 1 January   271    1,682   $142.45   $142.45 
Correction of prior year error   -    -    -    - 
As at 1 January (corrected)   271    1,682   $142.45    - 
Granted during the year   -    858    -   $40.60 
Vested during the year (1)   (169)   (2,230)  $197.81   $219.37 
Forfeited during the year   -    (39)   -   $339.59 
As at December 31   102    271   $142.45   $142.45 

 

(1)No ordinary shares were issued in connection with the RSUs that vested during the year ended December 31, 2025 (2024: 858).

 

(2)Shares and RSUs are presented in post reverse split values. i.e. the grant date fair value has been adjusted for the 1 for 35 split in July 2025
Schedule of grant date fair value of director options granted

The range of assumptions that the Company used to determine the grant date fair value of employee and director options granted were as follows:

 

   Tranche 2   Tranche 4   Directors 
Volatility   70.91%   82.38%   82.38%
Expected term in years   7    7    7 
Dividend rate   0.00%   0.00%   0.00%
Risk-free interest rate   1.58%   3.41%   3.41%
Hurdle price  $18.00    -    - 
Exercise price  $10.50   $4.53   $4.53 
Share price  $9.42   $4.53   $4.53 
Fair value of option on grant date  $6.18   $3.42   $3.42 
Schedule of weighted-average grant date fair value of the options granted

The table below shows the number of options granted covering an equal number of the Company’s Class A ordinary shares and the weighted-average grant date fair value of the options granted:

 

   Number of options  

Weighted average Grant date

fair value per share

 
Options outstanding December 31, 2024   17,145   $216.30 
Granted during the year   879,240   $3.42 
Vested during the year   (312,573)  $0.69 
Forfeited during the year   -    - 
Options outstanding December 31, 2025   583,812   $9.67 
Schedule of reconciliation to statement of profit or loss

Reconciliation to statement of profit and loss

 

   2025   2024   2023 
   €’000   €’000   €’000 
RSUs   8    124    464 
Incentive shares   (3)   3    5 
Options   1,387    1,928    1,956 
Forfeiture of options   -    (17)   (1,032)
Service warrants   170    151    - 
Share-based payment expense/ (credit)   1,562    2,189    1,393 
Non executive directors [member]  
IfrsStatementLineItems [Line Items]  
Schedule of weighted-average grant date fair value of the options granted

 

   Number of shares  

Weighted average Grant date

fair value per share

 
Incentive shares outstanding December 31, 2023   143   $805 
Granted   -    - 
Vested   -    - 
Forfeited   -    - 
Incentive shares outstanding December 31, 2024   143   $805 
Granted   -    - 
Vested   -    - 
Forfeited   -    - 
Incentive shares outstanding December 31, 2025   143   $805