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iso4217:USD shares pure iso4217:EUR iso4217:EUR shares true FY 0001819794 20-F/A false true 2025-12-31 --12-31 2025 false false 001-39789 Fusion Fuel Green PLC L2 9 Pembroke Street Upper Dublin D02 KR83 IE Frederico Figueira de Chaves 9 Pembroke Street Upper Dublin D02 KR83 IE L2 +353 1 961 9350 Class A Ordinary Shares, $0.0035 nominal value per share HTOO NASDAQ 2288291 No No Yes Yes Non-accelerated Filer true false false true true International Financial Reporting Standards false Fusion Fuel Green PLC (the “Company”) is filing this Amendment No. 1 on Form 20-F/A (this “Amendment”) to its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 7, 2026 (the “Original Filing”), to (1) restate its audited consolidated financial statements as of and for the year ended December 31, 2025 and to make related changes to the disclosures in the Original Filing, and (2) correct certain other errors and include certain disclosures that were inadvertently omitted from the Original Filing. Background of the restatement. After the Original Filing, errors were identified in the Company’s consolidated financial statements for the year ended December 31, 2025 relating to the accounting for its investment in Quality Industrial Corp. (“QIND”), a foreign operation whose functional currency is the U.S. dollar. The errors related to (i) the impairment of the goodwill arising on the acquisition of QIND, which had not been recognized; (ii) the translation of that goodwill and of the fair value adjustments arising on the acquisition, which had been carried at the exchange rate at the acquisition date rather than the closing rate, and of the related amortization, which had not been translated at the average rate for the year; (iii) exchange differences on the translation of QIND, which had been recognized in finance income rather than in other comprehensive income, together with related corrections to the elimination of QIND’s equity on consolidation and to non-controlling interests; and (iv) the non-controlling interests in QIND, which had not been attributed their share of QIND’s results and other comprehensive income for the year or adjusted for the change in the Company’s ownership interest in QIND. The last error indicated above was identified in the course of preparing the restated consolidated financial statements. On September 25, 2026, the Audit Committee of the Board of Directors of the Company, after discussion with the Company’s management and with Bush & Associates CPA LLC, the Company’s independent registered public accounting firm, concluded that the Company’s previously issued consolidated financial statements for the year ended December 31, 2025 should no longer be relied upon and should be restated. The Company disclosed that conclusion in a Report on Form 6-K furnished with the SEC on September 25, 2026, as amended by Amendment No. 1 on Form 6-K/A furnished with the SEC on October 6, 2026.   Effect of the restatement. The restatement increases the Company’s loss for the year ended December 31, 2025 by €4.0 million, from €1.0 million to €5.0 million, and its loss attributable to owners of the Company from €1.7 million to €4.1 million, or from €(1.27) to €(3.07) per basic and diluted share. Loss attributable to non-controlling interests changes from a profit of €0.7 million to a loss of €0.9 million. It gives rise to other comprehensive loss of €2.3 million and reduces total equity at December 31, 2025 by €3.8 million, from €20.5 million to €16.7 million. The restatement has no effect on revenue, on cash and cash equivalents or on net cash flows from investing or financing activities (net cash used in operating activities decreases by €13k, as described in Note 5), and no effect on the consolidated financial statements for the years ended December 31, 2024 and 2023 (the 2024 comparatives were restated in the Original Filing, as described in Note 5(B), and are not further changed by this Amendment). The restatement is described in Note 5 to the consolidated financial statements included in Item 18 of this Amendment.   Items amended. This Amendment amends Part I, Item 3.D. “Risk Factors”, Item 5. “Operating and Financial Review and Prospects”, Item 6.F. “Disclosure of a Registrant’s Action to Recover Erroneously Awarded Compensation”, Item 7.B. “Related Party Transactions”, Item 8. “Financial Information”, Item 10.C. “Material Contracts”; Part II, Item 15. “Controls and Procedures”; and Part III, Item 18. “Financial Statements” and Item 19. “Exhibits”. This Amendment sets forth the Original Filing in its entirety, as amended, and includes new certifications of the Company’s principal executive officer and principal financial officer (Exhibits 12.1 and 13.1) and new consents of the Company’s independent registered public accounting firms (Exhibits 15.1 and 15.2).   Except as described above, and except for events after December 31, 2025 disclosed in Note 30 to the consolidated financial statements, this Amendment does not reflect events occurring after the date of the Original Filing and does not modify or update the disclosures in the Original Filing.   true <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We employ procedures designed to identify, protect, detect and respond to and manage reasonably foreseeable cybersecurity risks and threats. To protect our information systems from cybersecurity threats, we use various security tools that help prevent, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90B_ecyd--CybersecurityRiskManagementProcessesIntegratedFlag_dbT_c20250101__20251231_zkkyHzEZkv">identify</span>, escalate, investigate, resolve and recover from identified vulnerabilities and security incidents in a timely manner. These include, but are not limited to, internal reporting, monitoring and detection tools, employee education, password encryption, frequent password change events, firewall detection systems, anti-virus software in-place and frequent backups.</span> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We regularly assess risks from cybersecurity and technology threats and monitor our information systems for potential vulnerabilities, including those that could arise from internal sources and external sources such as <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_901_ecyd--CybersecurityRiskThirdPartyOversightAndIdentificationProcessesFlag_dbT_c20250101__20251231_zYmrOk84H8D4">third-party</span> service providers we do business with. We use a widely adopted risk quantification model to identify, measure and prioritize cybersecurity and technology risks and develop related security controls and safeguards. We conduct regular reviews and tests of our information security program and also leverage audits by our internal audit team, tabletop exercises, penetration and vulnerability testing, simulations, and other exercises to evaluate the effectiveness of our information security program and improve our security measures and planning. We may and are considering whether to further engage an assessor(s), consultant(s), auditor(s) or other third party(s) to supplement our processes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">To date, we have not experienced any attacks intended to lead to interruptions and delays in our service and operations as well as loss, misuse or theft of personal information (of third parties, employees, and our members) and other data, confidential information or intellectual property. Any significant disruption to our service or access to our systems in the future could adversely affect our business and results of operation. Further, a penetration of our systems or a third-party’s systems or other misappropriation or misuse of personal information could subject us to business, regulatory, litigation and reputation risk, which could have a negative effect on our business, financial condition and results of operations.</span></p>   true true Our Board of Directors oversees our annual enterprise risk assessment, where we assess key risks within the Company, including security and technology risks and cybersecurity threats. The <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90A_ecyd--CybersecurityRiskManagementPositionsOrCommitteesResponsibleReportToBoardFlag_dbT_c20250101__20251231_z5badzQo5YK2">Audit Committee</span> of the Board of Directors oversees our cybersecurity risk and receives regular reports from our management team on various cybersecurity matters, including risk assessments, mitigation strategies, areas of emerging risks, incidents and industry trends, and other areas of importance. Our management is responsible for the day-to-day assessment and management of our <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90F_ecyd--CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag_dbT_c20250101__20251231_zr0T4Xey52A8">material</span> risks from cybersecurity threats, including implementation and oversight of the processes, controls and safeguards described above. true true 1116 <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We have audited the accompanying consolidated statements of financial position of Fusion Fuel Green PLC and subsidiaries (the “Company”) as of December 31, 2025, and 2024, and the related consolidated statements of profit or loss and other comprehensive income, changes in equity, and cash flows for the years then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of Fusion Fuel Green PLC and subsidiaries as of December 31, 2025, and 2024, and the results of their operations and their cash flows for the years then ended, in conformity with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards”).</span> Bush & Associates CPA LLC Henderson, Nevada 6797 KPMG Dublin, Ireland 1233000 307000 24776000 19296000 23958000 5076000 4859000 6602000 255000 1176000 25643000 30867000 31028000 833000 5047000 3059000 4919000 171000 1191000 3672000 520000 748000 575000 214000 1147000 752000 114000 6427000 5211000 11323000 32070000 36078000 42351000 281000 155000 9958000 2866000 6458000 9299000 3147000 6614000 19257000 8829000 10180000 15312000 609000 321000 587000 1098000 1241000 1764000 181000 870000 765000 1757000 1938000 1326000 12186000 14228000 20363000 16737000 15236000 2731000 0 9000 3000 2000 242004000 242255000 220157000 8492000 6940000 5365000 4995000 24000 -1647000 -242227000 -237985000 -222793000 5111000 3999000 16737000 15236000 2731000 14415000 1605000 4144000 10235000 1168000 20088000 4180000 437000 -15944000 1358000 881000 199000 11696000 16460000 15835000 1925000 1562000 2189000 1393000 1062000 2165000 -8782000 -17330000 -37063000 -883000 293000 51000 -24000 -525000 58000 544000 -3392000 -462000 -6886000 2485000 230000 6451000 -245000 1225000 1846000 -5072000 -15254000 -30857000 -92000 25000 159000 -4980000 -15279000 -31016000 -2289000 -7269000 -15279000 -31016000 874000 -54000 -4106000 -15333000 1516000 -54000 -5753000 -15333000 -3.07 -29.05 -74.11 -3.07 -29.05 -74.11 14919017 2000 220157000 5365000 -222793000 2731000 54000 -15334000 -15279000 -0 -0 54000 -15334000 -15279000 107500 0 615000 615000 2345452 1000 5941000 5942000 1732430 0 916000 916000 3818969 4171327 0 0 14626000 14626000 -615000 -615000 2189000 2189000 3945000 142000 4088000 24000 24000 22923368 4171327 3000 0 242255000 3999000 6939000 24000 -237985000 15237000 654953 4171327 3000 0 242255000 3999000 6939000 24000 -237985000 15237000 -874000 -4106000 -4980000 -642000 -1647000 -2289000 -1516000 -1647000 -4106000 -7269000 13890 0 306000 306000 98046 0 574000 574000 0 574000 574000 63333 0 492715 2000 1936000 1938000 335898 1000 267000 268000 -961000 961000 347283 1000 2313000 2314000 274887 1000 -4839000 5458000 620000 7286 0 137000 35000 172000 2229000 -1813000 416000 16000 -16000 1534000 1534000 399000 399000 -49000 -136000 -185000 413000 413000 2288291 4171327 9000 242004000 5111000 8492000 4995000 -1647000 -242227000 16737000 -4980000 -15279000 -31016000 1562000 2189000 1393000 -3392000 -627000 -6886000 2425000 2631000 2537000 -908000 -471000 115000 -245000 -7794000 1062000 268000 5482000 195000 -4000 2200000 13936000 1031000 137000 -205000 18000 25000 -1755000 -833000 82000 18000 -1225000 -1846000 -5627000 -9748000 -22013000 -2099000 1270000 2816000 518000 -1643000 -19000 -901000 1333000 8482000 -172000 -314000 -549000 55000 822000 2101000 -8226000 -8280000 -9182000 322000 11000 8589000 718000 772000 439000 142000 629000 37000 109000 472000 7975000 852000 245000 -254000 -456000 800000 -1158000 2323000 5942000 3001000 -198000 1565000 1013000 1270000 1326000 184000 752000 1291000 3962000 38000 8877000 6459000 3074000 195000 -1020000 -7266000 214000 1147000 5239000 36000 2925000 165000 51000 -38000 575000 214000 860000 287000 575000 214000 1147000 <p id="xdx_80C_eifrs-full--DisclosureOfBusinessCombinationsExplanatory_zBoaxxB88lg1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_829_zeIvDklOkRdc">Business activity</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fusion Fuel Green plc (the “Parent” or “Company”) was incorporated in Ireland on <span id="xdx_909_edei--EntityIncorporationDateOfIncorporation_c20250101__20251231_zvQTJWT7Mjqd" title="Entity incorporation, date of incorporation">April 3, 2020</span>. The Company and its subsidiaries are collectively referred to as the “Group”. The registered office of the Company is The Victorians, 15-18 Earlsfort Terrace, Saint Kevin’s, Dublin 2, D02 YX28, Ireland.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is an energy services and infrastructure group focused on the distribution of liquefied petroleum gas (“LPG”), engineering and advisory services, and the development of clean energy solutions. Through its operating subsidiaries, including Quality Industrial Corp. (“QIND”) and its subsidiary Al Shola Gas, the Group provides LPG distribution, installation and maintenance services, as well as engineering and infrastructure solutions to a broad customer base across commercial, industrial and residential sectors. The Group also continues to develop hydrogen and renewable energy solutions through its engineering and advisory activities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The business activity of the Group changed significantly during the final months of the year ended 31 December 2024, following the acquisition of QIND, and this repositioning is reflected in the full year of operations for the year ended 31 December 2025. The Group’s core activities are now centred on LPG distribution and energy infrastructure services, which provide recurring revenue streams and operational scale, while continuing to pursue opportunities in hydrogen and clean energy through targeted projects and partnerships.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has a well-established risk management process which is managed through its management team, finance committee and board of directors. The key risks are evaluated throughout the period with key business leaders tasked to manage each risk as required. These risks are assessed through a risk matrix which evaluates each risk’s impact and likelihood</span></p> 2020-04-03 <p id="xdx_800_ecustom--DisclosureOfCompanyHistoryExplanatory_z8bDqTGKc1le" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_825_zlguvXWyYpcf">Company history</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>The 2020 Merger</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On December 10, 2020, Fusion Fuel Green plc completed a business combination with HL Acquisitions Corp. and Fusion Welcome – Fuel S.A. The transaction was accounted for as a reverse recapitalisation, with Fusion Fuel as the accounting acquirer. The Company became listed on the NASDAQ Global Market under the ticker symbol HTOO and raised additional capital through a concurrent private placement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>The Earn-Out</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As part of the business combination, certain former shareholders were eligible to receive additional share-based awards contingent on the achievement of specified hydrogen project milestones. These conditions were not met and the arrangement expired in June 2022 with no awards granted.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Group expansion and hydrogen strategy (2021–2024)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Between 2021 and 2024, the Group focused on the development of green hydrogen solutions and expanded its international footprint, including the establishment of a joint venture in Spain and operations in Australia and the United States.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During 2024, the Group began a strategic repositioning, including the disposal of its Spanish joint venture and a shift away from legacy hydrogen development activities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Financing arrangements</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In November 2023, the Company entered into a financing agreement for up to $<span id="xdx_90E_ecustom--ConvertibleDebts_iI_pn6n6_c20231130_z0zX9eXUfDW1" title="Senior convertible notes">20</span> million of senior convertible notes with a Macquarie Group entity. An initial tranche was drawn in May 2024. Following the insolvency of Fusion Fuel Portugal in November 2024, an event of default was triggered under the agreement. The remaining balance was subsequently converted into equity during 2025, extinguishing the liability.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>2024 Developments</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Insolvency of Fusion Fuel Portugal, S.A.</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On November 11, 2024, Fusion Fuel Portugal, S.A. filed for insolvency, resulting in the appointment of an insolvency administrator and loss of control by the Group. As a result, Fusion Fuel Portugal and its subsidiaries (the “Legacy Hydrogen Entities”) were deconsolidated from the Group’s financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Acquisition of Quality Industrial Corp. (QIND)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On November 26, 2024, the Company acquired a <span id="xdx_904_ecustom--OwnershipInterestAcquiredInSubsidiary_iI_pid_dp_uPure_c20241126__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--QualityIndustrialCorpMember_zdibOwrTHOX3" title="Senior convertible notes">69.36</span>% interest in Quality Industrial Corp. (“QIND”), a U.S.-based industrial holding company. QIND holds a controlling interest in Al Shola Gas, a leading LPG distribution and engineering business in the United Arab Emirates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The acquisition marked a significant strategic shift for the Group towards energy infrastructure and LPG distribution activities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>2025 Developments</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following the acquisition of QIND in late 2024, the Group’s operations for the year ended 31 December 2025 were primarily driven by its LPG distribution and energy infrastructure activities through QIND and its subsidiary Al Shola Gas. These operations provided recurring revenue streams and formed the core of the Group’s business during the year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During 2025, the Group continued the integration and development of its broader energy platform. In addition to its LPG operations, the Group progressed its engineering and advisory activities through Bright Hydrogen Solutions, focusing on energy infrastructure and clean energy project support. The Group also advanced its investment in BioSteam, which is focused on energy and industrial infrastructure development.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group further streamlined its capital structure and legacy positions during the year, including the conversion and settlement of outstanding convertible notes under the Macquarie facility and the expiry of legacy public warrants.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">Overall, 2025 reflects the first full year of the Group’s repositioned business model, centred on energy infrastructure, LPG distribution and selected clean energy initiatives.</span></p> 20000000 0.6936 <p id="xdx_809_eifrs-full--DisclosureOfChangesInAccountingPoliciesExplanatory_z1EQjIrljBh4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>3.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_820_zG2R3MCAbmN">Basis of preparation and significant accounting policies</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The principal accounting policies adopted in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84A_ecustom--DescriptionOfAccountingPolicyForStatementOfComplianceExplanatory_zk9HQzLgK3Gg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_zo7xXre3aur7">Statement of compliance</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consolidated financial statements have been prepared in accordance with International Accounting Standards and International Financial Reporting Standards (“IFRS”) as adopted by the EU (“IFRS as adopted by the EU”), which are effective for the year ended and as at December 31, 2025. In addition to complying with its legal obligation to comply with IFRS as adopted by the EU, the consolidated financial statements have been prepared in accordance with IFRS as issued by the International Accounting Standards Board (“IASB”) (“IFRS as issued by the IASB”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These consolidated financial statements are presented in Euro, the functional and presentation currency of the Company. All financial information presented has been rounded to the nearest thousand, unless otherwise stated.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consolidated financial statements have been prepared on the historical cost basis except for derivatives which have been measured at fair value and share based payments which have been measured at grant date fair value.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_846_ecustom--DescriptionOfAccountingPolicyForBasisOfConsolidationExplanatory_zkeRnTho0Gu5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zJBeIQUF63P3">Basis of consolidation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Subsidiaries</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group financial statements consolidate the financial statements of the Company and its subsidiaries up to December 31, 2024. A parent controls a subsidiary if it is exposed, or has rights, to variable returns from its involvement with the subsidiary and has the ability to affect those returns through its power over the subsidiary. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Loss of control</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">When the Group loses control over a subsidiary, it derecognises the assets and liabilities of the subsidiary, and any related non-controlling interest (“NCI”) and other components of equity. Any resulting gain or loss is recognised in profit or loss. Any interest retained in the former subsidiary is measured at fair value when control is lost.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Transactions eliminated on consolidation</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Intra-group balances and transactions, and any unrealised income and expenses (except for foreign currency transaction gains or losses) arising from intra-group transactions, are eliminated. Unrealised gains arising from transactions with equity-accounted investees are eliminated against the investment to the extent of the Group’s interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only to the extent that there is no evidence of impairment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_841_eifrs-full--DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory_zARLl31IT2V7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zXdwuLSevjnl">Functional currency</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Foreign currency transactions</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transactions in foreign currencies are translated into the respective functional currencies of the Group companies at the exchange rates at the dates of the transactions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rate at the reporting date. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into the functional currency at the exchange rate when the fair value was determined. Non-monetary items that are measured based on historical cost in a foreign currency are translated at the exchange rate at the date of the transaction. Foreign currency differences are generally recognised in profit or loss and presented within finance costs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Foreign operations</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The assets and liabilities of foreign operations, including goodwill and fair value adjustments arising on acquisition, are translated into Euro at the exchange rates at the reporting date. The income and expenses of foreign operations are translated into Euro at the exchange rates at the dates of the transactions. Foreign currency differences are recognised in OCI and accumulated in the translation reserve, except to the extent that the translation difference is allocated to NCI.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">When a foreign operation is disposed of in its entirety or partially such that control, significant influence or joint control is lost, the cumulative amount in the translation reserve related to that foreign operation is reclassified to profit or loss as part of the gain or loss on disposal. If the Group disposes of part of its interest in a subsidiary but retains control, then the relevant proportion of the cumulative amount is reattributed to NCI. When the Group disposes of only part of an associate or joint venture while retaining significant influence or joint control, the relevant proportion of the cumulative amount is reclassified to profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_843_ecustom--DescriptionOfAccountingPolicyForAtTheMarketIssuanceSalesAgreementATMTextBlock_zQ41b2tR8dri" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_zrncJHwXQJ7g">At the Market Issuance Sales Agreement (“ATM”)</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 6, 2022, the Parent entered into an At the Market Issuance Sales Agreement (the “ATM”) with B. Riley Securities, Inc., Fearnley Securities Inc., and H.C. Wainwright &amp; Co., LLC, pursuant to which the Company may offer and sell, from time to time, through or to the agents, acting as agent or principal, Class A ordinary shares of the Company having an aggregate offering price of up to $<span id="xdx_900_ecustom--AggregateOfferingPrice_pn6n6_uUSD_c20220606__20220606__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember_zNDzxSpp1rpb" title="Aggregate offering price">30</span> million under the Company’s Form F-3 registration statement. This prospectus was amended on May 13, 2023 to remove B. Riley Securities, Inc. as a listed sales agent and on July 7, 2023 to reduce the aggregate amount available to be sold under the ATM to $<span id="xdx_906_ecustom--AggregateAmountAvailableToBeSoldUnderATM_iI_pn6n6_uUSD_c20230707_z1Hs5Mu2o6G7" title="Aggregate amount">10</span> million.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During 2023, the Parent sold <span id="xdx_90F_eifrs-full--SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares_iI_c20231231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zxUP9pOCfdw2" title="Number of shares sold">1,103,368</span> class A ordinary shares for net proceeds of $<span id="xdx_905_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pn5n6_uUSD_c20230101__20231231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zQulHlsOSAr" title="Proceeds from issue of ordinary shares">3.3</span> million and paid $<span id="xdx_908_eifrs-full--OtherFeeAndCommissionExpense_pn5n6_uUSD_c20230101__20231231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zAwUCykfwHBb" title="Other fee and commission expense">0.1</span> million in commissions to agents as part of these trades.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended December 31, 2024, the Parent sold <span id="xdx_901_eifrs-full--SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares_iI_c20241231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_ziJ2rp6PUead" title="Number of shares sold">2,345,452</span> class A ordinary shares for net proceeds of $<span id="xdx_902_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pn5n6_uUSD_c20240101__20241231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zuMz4ciDCy09" title="Proceeds from issue of ordinary shares">6.4</span> million (€<span id="xdx_90E_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pn5n6_uEUR_c20240101__20241231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zTfAd11QwZk5" title="Proceeds from issue of ordinary shares">5.9</span> million) and paid $<span id="xdx_90B_eifrs-full--OtherFeeAndCommissionExpense_pn5n6_uUSD_c20240101__20241231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zHyhxTZvu3E7" title="Other fee and commission expense">0.2</span> million (€<span id="xdx_908_eifrs-full--OtherFeeAndCommissionExpense_pn5n6_uEUR_c20240101__20241231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zEteO4Z5wXgb" title="Other fee and commission expense">0.2</span> million) in commissions to agents as part of these trades.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended December 31, 2025, the Parent sold <span id="xdx_902_eifrs-full--SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares_iI_c20251231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zEDfeJgLz7eg" title="Number of shares sold">347,283</span> Class A ordinary shares for net proceeds of $<span id="xdx_907_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pn4n6_uUSD_c20250101__20251231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zUCuLSKqZ9G8" title="Proceeds from issue of ordinary shares">2.71</span> million (€<span id="xdx_90E_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pn4n6_uEUR_c20250101__20251231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zbVNiELSm2ka" title="Proceeds from issue of ordinary shares">2.31</span> million), after placement fees deducted at settlement, and reimbursed $<span id="xdx_90B_eifrs-full--OtherFeeAndCommissionExpense_pn4n6_uUSD_c20250101__20251231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zLWsAnZgP8ja" title="Other fee and commission expense">0.06</span> million (€<span id="xdx_904_eifrs-full--OtherFeeAndCommissionExpense_pn4n6_uEUR_c20250101__20251231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zBhFVwrmp2Mb" title="Other fee and commission expense">0.05</span> million) of related legal expenses to the sales agent as part of these trades.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_848_ecustom--DescriptionOfAccountingPolicyForGoingConcernExplanatory_zNrZWFQ9jRxd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_860_z9BP7ngiiH8f">Going concern</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These consolidated financial statements have been prepared on a going concern basis, which assumes that the Group will continue in operational existence for the foreseeable future and be able to realise its assets and discharge its liabilities in the normal course of business.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In adopting the going concern basis in preparing the consolidated financial statements, the Directors have considered the Group’s cash on hand, its projected cash flows, and its ability to access additional sources of funding, together with factors likely to affect its future performance, as well as the Group’s principal risks and uncertainties.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The year ended 31 December 2025 represented the first full year following the Group’s strategic repositioning. The Group reported a net loss attributable to owners of the parent of approximately €<span id="xdx_90E_eifrs-full--ProfitLossAttributableToOwnersOfParent_iN_pn4n6_di_uEUR_c20250101__20251231_z8IVC2qRfN82" title="Net loss">5.72</span> million (restated – refer to Note 5), a significant improvement from a net loss of approximately €<span id="xdx_907_eifrs-full--ProfitLossAttributableToOwnersOfParent_iN_pn5n6_di_uEUR_c20240101__20241231_zeVxLVxPNQh1" title="Consolidated net loss">15.3</span> million for the year ended 31 December 2024. This improvement reflects the elimination of losses from legacy hydrogen manufacturing operations, the consolidation of a full year of revenue from QIND and its subsidiary Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas”), and a reduction in Group-level operating costs and legacy positions and as well as some restructuring expenses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">QIND generated revenue of approximately $<span id="xdx_901_eifrs-full--Revenue_pn5n6_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlSholaGasMember_zN8yA37zBTQj" title="Revenue">16.3</span> million for the year ended 31 December 2025, driven by a full year of contributions from Al Shola Gas and increased sales volumes. Al Shola Gas has operated profitably for several decades and provides the Group with a base of recurring LPG engineering and distribution revenue. During the year, the Group also established Bright Hydrogen Solutions Ltd, which has secured its first engineering and infrastructure contracts, and BioSteam Energy (Proprietary) Limited commenced development of its first project, which is expected to generate revenue in the first half of 2026.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During 2025 and subsequent to year end, the Group strengthened its capital structure through a combination of debt and equity financing transactions. Senior convertible notes issued in early 2025 were largely converted into equity during the year, reducing outstanding indebtedness. The Group also completed a private placement in July 2025 raising approximately $<span id="xdx_904_ecustom--GrossProceedsFromIssueOfOrdinaryShares_pn5n6_uUSD_c20260101__20260101__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember_zlcMZSb08Vs2" title="Gross proceeds">4.3</span> million in gross proceeds, continued to utilise its at-the-market equity programme, and regained compliance with Nasdaq listing requirements following a reverse share consolidation. In February 2026, the Group completed an additional capital raise of approximately $<span id="xdx_90F_ecustom--AdditionalCapitalRaise_pn5n6_uUSD_c20260201__20260228__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember_zEgkgBHtIx32" title="Additional capital raise">2.6</span> million and entered into a definitive agreement to acquire a portfolio of uranium and gas royalty interests, which is expected to generate recurring income and further diversify the Group’s revenue base from 2026 onwards.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notwithstanding these developments, the Group expects to continue to incur losses at the parent company level in the near term and remains dependent on access to additional funding to support its operations and strategic initiatives. In addition, QIND had a working capital deficit and outstanding matured convertible note obligations as at 31 December 2025. The Group’s ability to execute its business plan is dependent on the performance of its operating subsidiaries, the timing and realisation of projected revenues, and its continued ability to raise capital in the equity and debt markets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These conditions indicate the existence of material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern and therefore, to continue realising its assets and discharging its liabilities in the normal course of business.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The combination of recurring losses from operations at parent company level, negative working capital at QIND, outstanding matured convertible note obligations, and the Group’s continued dependence on external financing to support operations and strategic initiatives indicate the existence of a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern and therefore, to continue realising its assets and discharging its liabilities in the normal course of business.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management has prepared cash flow projections which indicate that, based on current assumptions, the Group is expected to have sufficient liquidity to meet its obligations as they fall due for a period of at least twelve months from the date of approval of these financial statements. These projections take into account the Group’s existing cash resources, expected cash flows from Al Shola Gas, anticipated revenues from Bright Hydrogen Solutions and BioSteam Energy, expected income from the Group’s recently agreed royalty portfolio, access to the $<span id="xdx_904_ecustom--EquityLinesOfCredit_iI_pn6n6_uUSD_c20250131_z5iQdHxtK2E1" title="Equity line of credit">25</span> million equity line of credit entered into in January 2025, its ATM facility, the proceeds of the February 2026 capital raise, and the Group’s ability to raise additional capital if required. The Group also retains flexibility to manage its cost base and adjust the timing of discretionary expenditures and investments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At 31 December 2025, the Group had net current liabilities of €<span id="xdx_904_eifrs-full--CurrentAssetsLiabilities_iI_pn5n6_c20251231_zWNdXBvt5AI6" title="Net current liabilities">5.8</span> million (2024 restated: €<span id="xdx_907_eifrs-full--CurrentAssetsLiabilities_iI_pn5n6_uEUR_c20241231_zwlmPixsBsr4" title="Net current liabilities">9.0</span> million), reflecting total current liabilities of €<span id="xdx_904_eifrs-full--CurrentLiabilities_iI_pn5n6_uEUR_c20251231_zI0OPFUIU94g" title="Total current liabilities">12.2</span> million against total current assets of €<span id="xdx_909_eifrs-full--CurrentAssets_iI_pn5n6_uEUR_c20251231_zQKe5fmSKEM5" title="Total current assets">6.4</span> million. Net cash used in operating activities during 2025 was €<span id="xdx_903_eifrs-full--CashFlowsFromUsedInOperatingActivities_iN_pn5n6_di_uEUR_c20250101__20251231_zk0x1dUI3ove" title="Net cash used in operating activities">8.2</span> million (2024: €<span id="xdx_90C_eifrs-full--CashFlowsFromUsedInOperatingActivities_iN_pn5n6_di_uEUR_c20240101__20241231_zcCretyjwPOh" title="Net cash used in operating activities">8.3</span> million), equivalent to an average monthly cash outflow of approximately €<span id="xdx_90E_ecustom--AverageMonthlyCashOutflow_pn5n6_uEUR_c20250101__20251231_zow1Df15psV4" title="Average monthly cash outflow">0.7</span> million at Group level. Cash and cash equivalents at 31 December 2025 were €<span id="xdx_90D_eifrs-full--CashAndCashEquivalents_iI_pn5n6_uEUR_c20251231_zuucBxJnhMD1" title="Cash and cash equivalents">0.6</span> million (2024: €<span id="xdx_906_eifrs-full--CashAndCashEquivalents_iI_pn5n6_uEUR_c20241231_zPAqbwQ7osB1" title="Cash and cash equivalents">0.2</span> million). Notwithstanding the improvement in the net current liability position compared with the prior year, the Group’s existing cash resources are insufficient to fund operating and financing obligations over the next twelve months without additional funding.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based on management’s cash flow projections for the period to 30 September 2027, the Group requires additional funding of approximately €<span id="xdx_907_ecustom--AdditionalFunding_iI_pn6n6_uEUR_c20270930__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember_z3x2nVJ3P91e" title="Additional funding">2</span> million to meet its obligations as they fall due and to support its strategic initiatives, comprising principally: (i) parent company operating costs and corporate overheads; (ii) the settlement, refinancing or conversion of QIND’s outstanding matured convertible note obligations (refer below); and (iii) working capital funding for the operating subsidiaries, net of expected cash generation from Al Shola Gas. Management expects this funding to be sourced from a combination of the Group’s existing $<span id="xdx_904_ecustom--EquityLinesOfCredit_iI_pn6n6_uUSD_c20250131_z4Z0K0zFf355" title="Equity line of credit">25</span> million equity line of credit entered into in January 2025, continued use of its at-the-market programme, the proceeds of the February 2026 capital raise of approximately $<span id="xdx_908_ecustom--EquityLinesOfCredit_iI_pn5n6_uUSD_c20260228_z3dHFT6sDIk" title="Equity line of credit">2.6</span> million, cash generation from the newly acquired uranium and gas royalty portfolio from 2026 onwards, and additional debt or equity financing if required.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At 31 December 2025, QIND had eight convertible promissory notes outstanding with an aggregate principal and accrued interest balance of approximately €<span id="xdx_900_eifrs-full--NotesAndDebenturesIssued_iI_pn5n6_uEUR_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EightConvertiblePromissoryNotesMember_zkYSPgONfpxd" title="Aggregate principal and accrued interest">2.4</span> million (USD <span id="xdx_90D_eifrs-full--NotesAndDebenturesIssued_iI_uUSD_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EightConvertiblePromissoryNotesMember_zlN3OAjGBDBf" title="Aggregate principal and accrued interest">2,561,240</span>), all of which had matured and remained unpaid as at the reporting date. Failure to repay these notes at maturity constitutes an event of default under the terms of the notes and could result, among other things, in the acceleration of the full outstanding principal amount plus accrued and unpaid interest, the accrual of default interest at rates ranging from <span id="xdx_900_eifrs-full--BorrowingsInterestRate_iI_pid_dp_uPure_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EightConvertiblePromissoryNotesMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zXNYS6JZgwM9" title="Principal amount plus accrued and unpaid interest, percentage">15</span>% to <span id="xdx_908_eifrs-full--BorrowingsInterestRate_iI_pid_dp_uPure_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EightConvertiblePromissoryNotesMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_ziUfTQxMukkj" title="Principal amount plus accrued and unpaid interest, percentage">20</span>% per annum, the outstanding principal amount increasing to between <span id="xdx_904_eifrs-full--BorrowingsAdjustmentToInterestRateBasis_iI_pid_dp_uPure_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EightConvertiblePromissoryNotesMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zHPL08LqODA7" title="Percentage of outstanding principal amount">150</span>% and <span id="xdx_904_eifrs-full--BorrowingsAdjustmentToInterestRateBasis_iI_pid_dp_uPure_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EightConvertiblePromissoryNotesMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zxyarcjJ9Hb2" title="Percentage of outstanding principal amount">200</span>% of the original balance on certain notes, and the right of noteholders to convert outstanding amounts into shares of QIND at a discount to market price. Several of the notes also contain most-favoured-nation provisions, anti-dilution protections and beneficial ownership limitations which could further constrain QIND’s ability to restructure or refinance this indebtedness. The Group is dependent on QIND’s ability to negotiate forbearance arrangements, obtain waivers, or otherwise restructure these obligations; failure to do so could result in enforcement action against QIND’s assets (which secure the related party loan from J.J. Astor &amp; Co.) and could materially impair the Group’s consolidated financial position, results of operations and its ability to continue as a going concern. Further information on these matters is set out in the Risk Factors section of this Annual Report.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">However, there can be no assurance that the Group will be successful in achieving its forecasts, securing additional funding, or executing its strategic initiatives as planned. If the Group is unable to obtain sufficient funding or generate adequate cash flows, it may be required to delay, scale back or discontinue certain operations or investments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this material uncertainty. Accordingly, the consolidated financial statements have been prepared on a going concern basis, which contemplates the realisation of assets and settlement of liabilities in the ordinary course of business.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Since the consolidated financial statements were originally approved on 7 May 2026, the Company completed the acquisition of Royal Uranium Inc. on 21 July 2026, raised gross proceeds of approximately $<span id="xdx_90E_ecustom--ProceedsFromPrivatePlacement_pn5n6_c20260721__20260721__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember_z0qQIHQ9jrd3" title="Gross proceeds">1.5</span> million under the August 2026 private placement and agreed to settle part of the amounts owed to Bevilacqua PLLC in shares. On 10 July 2026, QIND entered into a forbearance agreement with RB Capital Partners, Inc. in respect of two of its matured convertible notes, extending their maturity to 1 March 2028 with repayment in 19 monthly instalments (refer to Note 30). The Directors have reassessed the going concern basis of preparation for a period of at least twelve months from the date of approval of these restated consolidated financial statements; the material uncertainty described above continues to apply. The restatement described in Note 5 is non-cash and does not affect the Group’s cash resources or cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For this reason, the Directors have adopted the going concern basis in preparing the audited consolidated financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_845_ecustom--DescriptionOfAccountingPolicyForNewStandardsOrAmendmentsExplanatory_zvLXuuGAqJA1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86A_zmjsgDc2Kh16">New standards or amendments</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">There were no new standards effective for the period commencing 1 January 2025 that had a material impact on the Group. A number of new standards, amendments to standards and interpretations are not yet effective for the period and have not yet been applied in preparing the consolidated financial statements. The Group is in the process of assessing the impact on the financial statements of these new standards and amendments. Management currently expects no material impact on the Group’s financial statements on adoption of these amendments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_847_ecustom--DescriptionOfAccountingPolicyForSignificantAccountingPoliciesExplanatory_zAYSJDInYeqa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zvqos1iXaLrf">Significant accounting policies</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">There have been no additions to the Group’s significant accounting policies, as compared to the significant accounting policies described in the Form 20-F for the fiscal year ended December 31, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_844_eifrs-full--DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory_zfZ0reHJXQ1h" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_869_zyekIzwIQa9h">Derivative financial instruments</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group accounts for derivative liabilities by assessing whether the instrument contains separable embedded derivatives, and classifying each component accordingly. In cases where the Group issues convertible promissory notes, these are assessed to determine whether they contain both a host debt contract and one or more embedded derivatives. The Group separates any embedded derivatives that are not closely related to the host contract and accounts for them at fair value through profit or loss (“FVTPL”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where the conversion feature of a convertible note is denominated in a currency other than the entity’s functional currency, or includes anti-dilution clauses such as down-round protections, the ‘fixed-for-fixed’ criterion is assessed to have been met and the feature is classified as a derivative liability. The Group treats all such embedded derivatives - including conversion features, down-round adjustments, trading price redemptions, and change of control options - as a single compound derivative, measured at fair value through profit or loss at each reporting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The host debt contract is initially recognised at the residual amount after deducting the fair value of the compound embedded derivative and is measured at amortised cost using the effective interest rate method.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_ecustom--DescriptionOfAccountingPolicyForCompoundFinancialInstrumentsExplanatory_zykMIRkSF6a3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zRyIvUjfQ2F1">Compound Financial Instruments</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compound financial instruments issued by the Group comprise convertible loan notes that can be converted into equity at the option of the holder. The liability component is initially measured at fair value and subsequently measured at amortised cost using the effective interest method. The equity component is the residual amount of the instrument after deducting the fair value of the liability component and is recognised in a separate reserve within equity. Transaction costs are allocated between the liability and equity components proportionately.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_844_eifrs-full--DescriptionOfAccountingPolicyForWarrantsExplanatory_zkd0VuqMLFQi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_znyCU1T6UOr5">Warrants</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>Classification</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The Group issues warrants in connection with financing transactions, advisory and service arrangements, and other commercial agreements. At initial recognition, each warrant is assessed under IAS 32 and IFRS 9 to determine whether it is classified as an equity instrument or as a financial liability.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">A warrant is classified as an equity instrument only where it entitles the holder to acquire a fixed number of the Group’s own ordinary shares for a fixed amount of cash in the functional currency of the issuing entity (the “fixed-for-fixed” criterion), and where the contract does not impose on the Group any obligation to deliver cash or another financial asset, or to settle the instrument in a manner that would result in it being a financial liability.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">A warrant is classified as a derivative financial liability where it fails the fixed-for-fixed criterion. This is typically the case where the exercise price is denominated in a currency other than the functional currency of the issuing entity (which, for the Parent, is the Euro, while warrant exercise prices are generally denominated in U.S. dollars), where the contract contains anti-dilution, full-ratchet, price-reset or other variable settlement features, or where it provides for cash settlement (in whole or in part) on the occurrence of a fundamental transaction or change of control.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>Equity-classified warrants</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Equity-classified warrants are recognised within equity at their fair value on the date of grant. Where they are issued in exchange for goods or services, the fair value of the goods or services received is recognised as an expense in profit or loss with a corresponding credit to the share-based payment reserve, in accordance with IFRS 2. Where the fair value of the goods or services received cannot be reliably measured, the fair value of the warrants granted is used. Equity-classified warrants are not subsequently remeasured. On exercise, the carrying amount of the warrant in equity, together with any cash consideration received, is reclassified to share capital and share premium. Warrants that lapse unexercised remain in equity and may be transferred to retained earnings.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>Liability-classified warrants</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Liability-classified warrants are recognised initially at fair value on the issue date, with transaction costs expensed to profit or loss. They are subsequently remeasured at fair value at each reporting date, with changes in fair value recognised in profit or loss within fair value movement on derivative financial instruments. On exercise, the derivative liability is remeasured to fair value at the exercise date and is then reclassified to share capital and share premium together with any cash consideration received, with no gain or loss arising on the reclassification.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>Modifications, exchanges and replacements</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The Group regularly assesses whether amendments to the terms of outstanding warrants, or transactions in which existing warrants are surrendered for new instruments, represent a modification of the original warrant or its extinguishment and replacement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Where the terms of an outstanding warrant are renegotiated and the modified terms are substantially different from the original terms (for example, as a result of significant changes to the exercise price, the number of underlying shares, the exercise period or the substantive economic features of the instrument), the original warrant is treated as extinguished. The original warrant is derecognised at its carrying amount on the date of extinguishment, and the replacement instrument is recognised at its fair value on that date. For liability-classified warrants, the difference between the carrying amount of the original instrument and the fair value of the replacement is recognised in profit or loss. For equity-classified warrants, the difference is recognised within equity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Where the modification is not substantial, the original warrant continues to be recognised, with any incremental fair value granted to the holder accounted for in accordance with the classification of the instrument.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>Valuation</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Listed warrants are measured using quoted market prices in active markets where available (Level 1). Where quoted prices are not available, fair value is determined using option pricing models, principally the Black-Scholes model and, where appropriate, binomial lattice models. The principal inputs to these models are the Group’s share price at the measurement date, expected share price volatility (estimated by reference to the Group’s historical volatility), the risk-free interest rate (derived from government bond yields with maturities corresponding to the expected term), the expected term of the warrant and the expected dividend yield. Where the only unobservable input that has a significant effect on the recorded fair value is volatility derived from observable market inputs, the resulting fair value measurements are classified within Level 2 of the fair value hierarchy.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The selection of valuation technique and the determination of inputs require management judgement. Changes in these inputs, in particular share price and expected volatility, may have a material effect on the fair value of liability-classified warrants and on the related fair value movement recognised in profit or loss in the period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>  </b></span></p> <p id="xdx_841_eifrs-full--DescriptionOfAccountingPolicyForSubsidiariesExplanatory_zDqMp1y0qbR1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zvyZGToDaWWa">Loss of Control and Deconsolidation of Subsidiaries</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group ceases to consolidate a subsidiary from the date on which control is lost. When control is lost, the Group:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Derecognises the assets and liabilities of the former subsidiary from the consolidated statement of financial position, including any associated goodwill;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Derecognises any non-controlling interest related to the former subsidiary;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Recognises the fair value of any consideration received and of any retained investment at the date control is lost;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reclassifies to profit or loss, or transfers to retained earnings, any amounts previously recognised in other comprehensive income in relation to the subsidiary;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Recognises any resulting difference between the net assets derecognised and the fair value of consideration received and retained interest as a gain or loss in profit or loss, attributable to the former controlling interest.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where no consideration is received and no investment is retained the gain or loss on deconsolidation is calculated based solely on the carrying amount of net assets and liabilities of the subsidiary at the date of loss of control.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_843_eifrs-full--DescriptionOfAccountingPolicyForRecognitionOfRevenue_zTQz2ykC0o5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86C_zzKPBCIO0crk">Revenue</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue is measured based on the consideration specified in a contract with a customer and is recognised when control of goods or services is transferred to the customer, in an amount that reflects the consideration to which the Group expects to be entitled in exchange for those goods or services. Revenue excludes amounts collected on behalf of third parties, such as value added tax.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group applies the following five-step model to all revenue-generating contracts:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Identify the contract with a customer;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Identify the performance obligations in the contract;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Determine the transaction price;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Allocate the transaction price to the performance obligations; and</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Recognise revenue when (or as) the performance obligation is satisfied.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group has determined that it acts as principal in its revenue arrangements on the basis that it typically controls the goods or services before transferring them to the customer, and accordingly revenue is recognised at the gross amount of consideration to which the Group expects to be entitled.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Identification of performance obligations</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group’s principal revenue-generating activity is conducted through its operating subsidiary Al Shola Gas, which provides comprehensive solutions for the liquefied petroleum gas (“LPG”) industry in the United Arab Emirates. Contracts with customers typically contain one or more of the following distinct performance obligations:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Design, supply, installation and commissioning of centralised gas systems — project-based one-time revenue from the design, engineering, procurement and installation of LPG infrastructure on customer premises, including pipelines, pressure regulators, metering units, storage tanks and safety equipment;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Metered LPG utility services — recurring revenue from the ongoing supply of LPG to customers through centralised gas systems following project handover, billed on a metered basis;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bulk LPG deliveries and cylinder supply — recurring revenue from the transportation and supply of LPG in bulk tanker or cylinder format to commercial, residential and industrial customers; and</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Operations and maintenance services — recurring revenue from the ongoing operation, maintenance, and preventive servicing of centralised gas systems and associated infrastructure.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In addition, the Group generates revenue from engineering and advisory services provided by Bright Hydrogen Solutions S.L. in relation to energy infrastructure and clean energy projects.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where a contract contains more than one performance obligation, the Group assesses whether the goods or services are distinct on the basis that the customer can benefit from them either on their own or together with other readily available resources, and that they are separately identifiable from other performance obligations in the contract.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Transaction price and allocation</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The transaction price is determined based on the consideration specified in the contract, adjusted for estimates of variable consideration (such as commercial discounts granted to customers) and any consideration payable to the customer. Commercial discounts granted to customers are treated as a reduction of the transaction price rather than as an operating expense. The Group’s contracts do not contain material significant financing components, as the period between the transfer of goods or services and payment is typically less than one year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where a contract contains more than one distinct performance obligation, the transaction price is allocated to each performance obligation based on its relative stand-alone selling price. Where stand-alone selling prices are not directly observable, they are estimated based on expected cost plus an appropriate margin.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Timing of revenue recognition</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue from the design, supply, installation and commissioning of centralised gas systems is recognised over time where the Group’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced, using an input method based on costs incurred to date as a proportion of total estimated contract costs. Where the criteria for over-time recognition are not met, revenue is recognised at a point in time on completion and customer acceptance of the installation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue from metered LPG utility services, bulk LPG deliveries and cylinder supply is recognised at the point in time at which physical delivery of the LPG to the customer is completed and control of the product transfers to the customer.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue from operations and maintenance services is recognised over time as the customer simultaneously receives and consumes the benefits of the services as they are performed. Where services are provided under fixed-fee arrangements, revenue is recognised on a straight-line basis over the contract period; where services are provided on a time-and-materials basis, revenue is recognised as the services are performed.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue from engineering and advisory services provided by Bright Hydrogen Solutions is recognised over time or at a point in time depending on the specific nature of the contract and the associated performance obligations, in accordance with IFRS 15.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Contract balances</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amounts billed to customers in advance of revenue recognition are recognised as contract liabilities. Amounts recognised as revenue that have not yet been invoiced are recognised as contract assets. Trade receivables are recognised when the Group has an unconditional right to consideration, being the point at which only the passage of time is required before payment is due. At 31 December 2025 and 31 December 2024, the Group held no material contract assets or contract liabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Consistency with IFRS 15</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group has reviewed the revenue recognition policies applied by QIND and its operating subsidiary Al Shola Gas, which report in accordance with US GAAP (ASC 606), and determined that they are aligned with the Group’s IFRS 15 accounting policies. No adjustments were required on consolidation to align revenue recognition with Group accounting policies.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_847_eifrs-full--DescriptionOfAccountingPolicyForLeasesExplanatory_zK8Jkx5Hjx5f" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_zllUezyvWjfc">Leases</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At commencement or on modification of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of its relative stand-alone prices.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term, unless the lease transfers ownership of the underlying asset to the Group by the end of the lease term or the cost of the right-of-use asset reflects that the Group will exercise a purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group’s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rate.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group determines its incremental borrowing rate by obtaining interest rates from various external financing sources and makes certain adjustments to reflect the terms of the lease and type of the asset leased.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lease payments included in the measurement of the lease liability comprise the following:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">fixed payments, including in-substance fixed payments;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">amounts expected to be payable under a residual value guarantee; and</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the exercise price under a purchase option that the Group is reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Group is reasonably certain not to terminate early.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The lease liability is measured at amortised cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Group’s estimate of the amount expected to be payable under a residual value guarantee, if the Group changes its assessment of whether it will exercise a purchase, extension or termination option or if there is a revised in-substance fixed lease payment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group presents right-of-use assets in ‘property, plant and equipment’ and lease liabilities in ‘trade and other payables’ in the statement of financial position.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group has elected not to recognise right-of-use assets and lease liabilities for leases of low-value assets and short-term leases. The Group recognises the lease payments associated with these leases as an expense on a straight-line basis over the lease term.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_eifrs-full--DescriptionOfAccountingPolicyForMeasuringInventories_zWWZWxlp8hUb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_869_zeKdGSI4azKc">Inventories</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inventories are stated at the lower of cost and net realizable value. Cost comprises of direct materials and the cost of bringing the components to their present condition. Cost is determined using the first-in, first-out (FIFO) method, which reflects the actual method applied by the Group’s operating subsidiary. Net realisable value is calculated as the estimated selling price arising in the ordinary course of business, net of estimated selling costs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84B_eifrs-full--DescriptionOfAccountingPolicyForSegmentReportingExplanatory_zpYUulXBgpg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zb0LHTck5VFe">Segment information</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group determines its operating segments based on the information that is regularly reviewed by the chief operating decision maker (“CODM”), identified as the Board of Directors, for the purpose of allocating resources and assessing performance.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by the CODM to make decisions about resource allocation and to assess performance, and for which discrete financial information is available.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A reportable segment is an operating segment that meets the quantitative thresholds set out in IFRS 8, or is otherwise considered by management to provide useful information to users of the financial statements. Operating segments that do not meet the quantitative thresholds are aggregated within “All other activities” and presented separately from reconciling items where required.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_840_eifrs-full--DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory_zIDc3csUzxYh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_z8CH7ZMbLy38">Research and development expenditure</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Research costs are expensed as incurred. Development costs are capitalised when the criteria under IAS 38 are met, including the technical and commercial feasibility of the asset, the intention and ability to complete it, and the likelihood of generating future economic benefits. Capitalised development expenditure is measured at cost less accumulated amortisation and impairment losses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at the reporting date, the Group had no material ongoing research and development activities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_845_eifrs-full--DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory_zD4pmhVkGmxk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zwDS1rCXswhj">Trade and other payables</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade payables are recognised initially at fair value and subsequently measured at amortised cost.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84F_eifrs-full--DescriptionOfAccountingPolicyForProvisionsExplanatory_zbgQkAQ6wEKi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zAyyRvKoRvVh">Provisions</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Onerous contracts</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A provision for an onerous contract is recognised when it becomes probable that the total contract costs will exceed total contract revenue. Before a provision for onerous contracts is recorded, the related assets under construction are measured at their net realisable value and written-off if necessary. Onerous contracts are identified by monitoring the progress of the contract together with the underlying programme status. An estimate of the related contract costs is made, which requires significant and complex assumptions, judgements and estimates related to achieving certain performance standards.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Warranties</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A provision for warranties is recognized when the underlying products or services are sold, based on historical warranty data and a weighting of possible outcomes against their associated probabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_eifrs-full--DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory_zPfeLabFBVMh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_z9ScsIEapEp4">Current taxation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The current taxation charge is calculated at the amount expected to be recovered from or paid to the taxation authorities on the basis of the tax laws enacted or substantively enacted at the reporting date.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_840_eifrs-full--DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory_z3IbI5RiT7Db" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86C_zZhk5PS7cROb">Deferred taxation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred taxation is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred income tax is determined using tax rates that have been enacted or substantially enacted by the reporting date and are expected to apply when the related deferred income tax asset is realised or the deferred income tax liability is settled.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred income tax assets are recognised to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences and the carry forward of unused tax losses can be utilised. Unrecognised deferred tax assets are reassessed at each reporting date and recognised to the extent that it has become probable that future taxable profits will be available against which they can be used. In making this assessment, management has regard to relevant uncertainties affecting the availability of future taxable profits, including any material uncertainty related to going concern.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred tax liabilities may arise on the initial recognition of identifiable assets and liabilities as part of business combinations, including fair value adjustments recognised through purchase price allocation exercises. These deferred tax balances are recognised in accordance with IAS 12 and subsequently released to profit or loss as the underlying assets are amortised, depreciated or realised.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_ecustom--DescriptionOfAccountingPolicyForEquityInstrumentsExplanatory_zmUOrJmi0XS3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86D_zWO0dxFDzmGl">Equity instruments</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Class A ordinary shares are classified as equity instruments. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction from equity, net of tax effects.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <p id="xdx_84B_eifrs-full--DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory_zBOHwgSi7PRa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zDIYlgZ2Kroc">Business combinations</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group accounts for business combinations using the acquisition method when the acquired set of activities and assets meets the definition of the business and control is transferred to the Group. In determining whether a particular set of activities and assets is a business, the Group assesses whether the set of assets and activities acquired includes, at a minimum, an input and substantive process and whether the acquired set has the ability to produce outputs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group has an option to apply a “concentration test” that permits a simplified assessment of whether an acquired set of activities and assets is not a business. The optional concentration test is met if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consideration transferred in the acquisition is generally measured at fair value, as are the identifiable net assets acquired. Any goodwill that arises is tested annually for impairment. Any gain on a bargain purchase is recognised in profit or loss immediately. Transaction costs are expensed as incurred, except if related to the issue of debt or equity securities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consideration transferred does not include amounts related to the settlement of pre-existing relationships. Such amounts are generally recognised in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any contingent consideration is measured at fair value at the date of acquisition. If an obligation to pay contingent consideration that meets the definition of financial instrument is classified as equity, then it is not remeasured, and settlement is accounted for within equity. Otherwise, other contingent consideration is remeasured at fair value at each reporting date and subsequent changes in the fair value of the contingent consideration are recognised in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group determines the acquirer based on the criteria outlined in IFRS 3, including an assessment of governance structure, board composition, and relative ownership interests.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group accounts for non-controlling interests (NCI) in accordance with IFRS 3.19, and elects, on a transaction-by-transaction basis, to measure NCI either at fair value (full goodwill method) or at the proportionate share of the acquiree’s identifiable net assets (partial goodwill method).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In accordance with IFRS 3.45, the Group may revise the initial accounting for a business combination within the measurement period, which does not exceed 12 months from the acquisition date. During this period, provisional amounts may be adjusted retrospectively if new information becomes available regarding facts and circumstances that existed at the acquisition date.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where necessary, the Group adjusts the acquiree’s accounting policies to align with those of the Group in accordance with IFRS 10.19 and IFRS 10.22, including for differences arising between local GAAP and IFRS.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the QIND acquisition completed in November 2024, the Group elected to measure non-controlling interests at the proportionate share of the acquiree’s identifiable net assets (the partial goodwill method).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_848_eifrs-full--DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_zfFELiqgnfQ4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86E_zIoO4lRJBIEl">Share-based payment arrangements</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The grant-date fair value of equity-settled share-based payments arrangements granted to employees and non-employees is generally recognised as an expense, with a corresponding increase in equity, over the vesting period of the awards. The amount recognised as an expense is adjusted to reflect the numbers of awards for which the related service and non-market performance conditions are expected to be met, such that the amount ultimately recognised is based on the number of awards that meet the related service and non-market performance conditions at the vesting date. For share-based payment awards with non-vesting conditions, the grant-date fair value of the share-based payment is measured to reflect such conditions and there is no true-up for differences between expected and actual outcomes. For share-based payment awards that vest at the discretion of the board of directors, the fair value is determined at the reporting date until such time that there is a shared understanding of the vesting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84C_eifrs-full--DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_zBgTweJoLvQ8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_z4VZxlPt3Zg9">Post-employment benefits – End-of-service indemnity</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group recognises a liability for end-of-service benefits payable to employees of its UAE-based subsidiary, Al Shola Gas. These benefits are classified as unfunded post-employment defined benefit obligations and are accrued in accordance with UAE labour law.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The end-of-service benefit is calculated based on an employee’s final salary and length of service at the reporting date. The obligation is recognised in the consolidated statement of financial position and measured using the projected unit credit method, without discounting, as the impact of the time value of money was determined to be immaterial.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">No actuarial valuation has been performed as at 31 December 2025 due to the nature of the obligation and the size of the employee population; however, management estimates the liability based on historical and contractual entitlements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_844_eifrs-full--DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_zQIBXZkWT3Ge" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86A_zesYheh6bk17">Financial instruments</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Recognition and initial measurement</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Receivables are initially recognised when they are originated. All other financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus transaction costs that are directly attributable to its acquisition or issue.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Financial assets at fair value through profit or loss (FVTPL)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income, are recognised in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Classification and subsequent measurement</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On initial recognition, a financial asset is classified as measured at: amortised cost; Fair Value through Other Comprehensive Income (“FVOCI”) – debt investment; FVOCI – equity investment; or FVTPL.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Financial liabilities – Classification, subsequent measurement and gains and losses</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_845_eifrs-full--DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory_zc2GgRKS1oq" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_z6DrVISjLLI3">Derecognition</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Financial assets</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Financial liabilities</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group derecognises a financial liability when its contractual obligations are discharged, cancelled or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred, or liabilities assumed) is recognized in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_847_ecustom--DescriptionOfAccountingPolicyForDepositsAndAdvancesExplanatory_zHNRxOPxEHF4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_ziGzzQ3Yvxoc">Deposits and Advances</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deposits and advances represent payments made in advance to suppliers, contractors, and service providers in the ordinary course of business. These primarily relate to procurement of materials and services for the design, supply, and installation of central gas distribution and monitoring systems carried out by the Group’s UAE-based subsidiary. Such advances include, but are not limited to:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Refundable project security deposits,</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lease and utility deposits,</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepayments to subcontractors and vendors for project-related activities.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These amounts are recognised at their nominal value and are not discounted as the impact of the time value of money is considered immaterial. Deposits that are expected to be utilised or refunded within 12 months of the reporting date are classified as current assets, while those recoverable beyond 12 months are classified as non-current assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At the reporting date, there are no indicators of impairment, and management considers all amounts to be fully recoverable.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_849_eifrs-full--DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory_zLaESgwaorU5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zvk6Ebsb933h">Prepayments and other receivables</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepayments and other receivables are recognised initially at fair value and then carried at amortised cost less allowance for impairment. The Group applies the IFRS 9 <i>Financial Instruments</i> simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for other receivables.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84C_eifrs-full--DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents_zG1m8oquZJXe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_866_zY0LF2v6AjZ4">Cash and cash equivalents</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash and cash equivalents in the statement of financial position comprise cash at bank and in hand, and short-term deposits with a maturity of three months or less.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Statement of cash flows</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consolidated statement of cash flows is prepared using the indirect method. Interest paid is classified within cash flows from operating activities, consistent with the presentation of financing costs within the consolidated statement of profit or loss. Interest received is classified within cash flows from investing activities. Income taxes paid and received are classified within cash flows from operating activities, as they cannot be specifically identified with financing or investing activities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-cash investing and financing transactions are excluded from the consolidated statement of cash flows and disclosed separately.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_845_eifrs-full--DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_zENWPLyZXvf5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_868_zwD6IvuV8142">Property, plant and equipment</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Property, plant and equipment is included at cost less accumulated depreciation and/or accumulated impairment losses. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. Depreciation is provided using the straight-line method to write off cost to residual value over the estimated useful life of the individual asset. Important components of property, plant and equipment that maintain different useful lives are considered separately. Land is not depreciated and assets categorised as being under construction are not depreciated until such time that they are in use. The following rates per annum are used:</span></p> <p id="xdx_896_ecustom--DisclosureOfPropertyPlantAndEquipmentUsefulLivesExplanatoryExplanatory_z42cIP9P5KKb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B7_zpDwqcTCz519" style="display: none">Schedule of property, plant and equipment useful lives</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="display: none"> </span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify; width: 2in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Plant and machinery</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zp353R2cCo29" title="Property, plant and equipment useful life">3</span>-<span id="xdx_905_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zybPWqtIrAyf" title="Property, plant and equipment useful life">10</span> years</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Office and other equipment</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OfficeEquipmentMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zyKI8B9FlAMk" title="Property, plant and equipment useful life">3</span>-<span id="xdx_90A_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OfficeEquipmentMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zQxUNXHgmWa1" title="Property, plant and equipment useful life">10</span> years</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Leases</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_909_eifrs-full--DescriptionOfUsefulLifePropertyPlantAndEquipment_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--LeasesMember_z27CFF3tfkf1" title="Property, plant and equipment useful life">Lease term</span></span></td></tr> </table> <p id="xdx_8AC_zT4zY4ZUc62i" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The useful lives disclosed represent the range of depreciation periods applied across the Group. Actual asset lives used by individual subsidiaries fall within this range and reflect the nature and expected use of the respective assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The carrying values of property, plant and equipment are reviewed for indicators of impairment at each reporting date or when events or changes in circumstances indicate the carrying value may not be recoverable (whichever is the earlier). If any such indication exists and where the carrying values exceed the estimated recoverable amount, the assets or cash - generating units are written down to their recoverable amount.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_840_eifrs-full--DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_z6SVz6urgnF5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_862_zvDkMq1bf132">Intangible assets</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Intangible assets acquired separately are measured on initial recognition at cost. Intangible assets acquired in a business combination are measured on initial recognition at their fair value as at the date of acquisition. Following initial recognition, intangible assets are carried at cost less accumulated amortisation and/or any accumulated impairment losses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Product development costs are not amortised until such time that they are in use after which it is expected they will be amortised over their estimated useful lives (three to five years). Amortisation is provided using the straight-line method to write off cost to residual value over the estimated useful life of the individual asset. The following rates per annum are used:</span></p> <p id="xdx_892_eifrs-full--DisclosureOfIntangibleAssetsWithIndefiniteUsefulLifeExplanatory_zggQoy5WOWW2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B4_zLxU2F83yTN3" style="display: none">Schedule of estimated useful lives of intangible assets</span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="padding-bottom: 1pt; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left; width: 2.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Asset class</span></td> <td style="width: 0.1in"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: justify; width: 0.75in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Useful life</span></td> <td style="width: 0.1in"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif">Method</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Software</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_906_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_z7yIex6xpULa" title="Intangible assets useful life">3</span> years</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_901_eifrs-full--AmortisationMethodIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zurj6CI9PLGg" title="Intangible assets method">Straight-line</span></span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Completed development technology</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_908_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--CompletedDevelopmentTechnologyMember_z75GgxVNWNwk" title="Intangible assets useful life">3</span> years</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_90F_eifrs-full--AmortisationMethodIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--CompletedDevelopmentTechnologyMember_zYXwPa6sYr83" title="Intangible assets method">Straight-line</span></span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Customer relationships </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zZpmvIt0r58e" title="Intangible assets useful life">10</span> years</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_900_eifrs-full--AmortisationMethodIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zxMyO1PWVU4j" title="Intangible assets method">Straight-line</span></span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade names </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_901_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--BrandNamesMember_znuOssWEW0n8" title="Intangible assets useful life">10</span> years</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_900_eifrs-full--AmortisationMethodIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--BrandNamesMember_zXgSwVEaU3Ac" title="Intangible assets method">Straight-line</span></span></td></tr> </table> <p id="xdx_8A5_zvje7p6kTrV8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The useful lives of customer relationships and trade names acquired in the QIND business combination were determined with reference to the valuation performed as part of the purchase price allocation. The useful life of customer relationships reflects the period over which the majority of the discounted cash flows attributable to the acquired customer portfolio are expected to be realised, reflecting a historical customer attrition rate of approximately 8% per annum in the acquired customer portfolio. The useful life of trade names reflects management’s estimate of the period over which the acquired brands are expected to contribute to the economic benefits of the business, having regard to their history, market recognition, and the business-to-business nature of the operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All acquired intangible assets are assessed as having finite useful lives. The Group does not hold any intangible assets with indefinite useful lives.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Internally generated intangible assets, excluding capitalised development costs, are not capitalised and expenditure is reflected in the income statement in the year in which the expenditure is incurred.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expenditure on research activities is recognised in profit or loss as incurred.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Development expenditure is capitalised only if the expenditure can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable and the Group intends to and has sufficient resources to complete development and to use or sell the asset. Otherwise, it is recognised in the profit or loss as incurred. Subsequent to initial recognition, development expenditure is measured at cost less accumulated amortisation and any accumulated impairment losses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subsequent expenditure is capitalised only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure, including expenditure on internally generated goodwill and brands, is recognised in profit or loss as incurred.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Impairment arises if the recoverable amount of the intangible asset is lower than its carrying value. Recoverable amount is the higher of an asset’s value in use and its fair value less costs of disposal.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">If the carrying amount of an intangible asset exceeds its recoverable amount, an impairment loss is recognised in an amount equal to that excess.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Goodwill recognised on acquisition represents the excess of the consideration transferred over the fair value of the identifiable net assets acquired.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group finalised the purchase price allocation during the year, including the identification and valuation of separately identifiable intangible assets. Any adjustments arising during the measurement period have been reflected in the consolidated financial statements.</span></p> <p id="xdx_85E_zJp6ZOvIMau9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84A_ecustom--DescriptionOfAccountingPolicyForStatementOfComplianceExplanatory_zk9HQzLgK3Gg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_zo7xXre3aur7">Statement of compliance</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consolidated financial statements have been prepared in accordance with International Accounting Standards and International Financial Reporting Standards (“IFRS”) as adopted by the EU (“IFRS as adopted by the EU”), which are effective for the year ended and as at December 31, 2025. In addition to complying with its legal obligation to comply with IFRS as adopted by the EU, the consolidated financial statements have been prepared in accordance with IFRS as issued by the International Accounting Standards Board (“IASB”) (“IFRS as issued by the IASB”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These consolidated financial statements are presented in Euro, the functional and presentation currency of the Company. All financial information presented has been rounded to the nearest thousand, unless otherwise stated.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consolidated financial statements have been prepared on the historical cost basis except for derivatives which have been measured at fair value and share based payments which have been measured at grant date fair value.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_846_ecustom--DescriptionOfAccountingPolicyForBasisOfConsolidationExplanatory_zkeRnTho0Gu5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zJBeIQUF63P3">Basis of consolidation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Subsidiaries</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group financial statements consolidate the financial statements of the Company and its subsidiaries up to December 31, 2024. A parent controls a subsidiary if it is exposed, or has rights, to variable returns from its involvement with the subsidiary and has the ability to affect those returns through its power over the subsidiary. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Loss of control</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">When the Group loses control over a subsidiary, it derecognises the assets and liabilities of the subsidiary, and any related non-controlling interest (“NCI”) and other components of equity. Any resulting gain or loss is recognised in profit or loss. Any interest retained in the former subsidiary is measured at fair value when control is lost.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Transactions eliminated on consolidation</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Intra-group balances and transactions, and any unrealised income and expenses (except for foreign currency transaction gains or losses) arising from intra-group transactions, are eliminated. Unrealised gains arising from transactions with equity-accounted investees are eliminated against the investment to the extent of the Group’s interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only to the extent that there is no evidence of impairment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_841_eifrs-full--DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory_zARLl31IT2V7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zXdwuLSevjnl">Functional currency</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Foreign currency transactions</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transactions in foreign currencies are translated into the respective functional currencies of the Group companies at the exchange rates at the dates of the transactions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rate at the reporting date. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into the functional currency at the exchange rate when the fair value was determined. Non-monetary items that are measured based on historical cost in a foreign currency are translated at the exchange rate at the date of the transaction. Foreign currency differences are generally recognised in profit or loss and presented within finance costs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Foreign operations</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The assets and liabilities of foreign operations, including goodwill and fair value adjustments arising on acquisition, are translated into Euro at the exchange rates at the reporting date. The income and expenses of foreign operations are translated into Euro at the exchange rates at the dates of the transactions. Foreign currency differences are recognised in OCI and accumulated in the translation reserve, except to the extent that the translation difference is allocated to NCI.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">When a foreign operation is disposed of in its entirety or partially such that control, significant influence or joint control is lost, the cumulative amount in the translation reserve related to that foreign operation is reclassified to profit or loss as part of the gain or loss on disposal. If the Group disposes of part of its interest in a subsidiary but retains control, then the relevant proportion of the cumulative amount is reattributed to NCI. When the Group disposes of only part of an associate or joint venture while retaining significant influence or joint control, the relevant proportion of the cumulative amount is reclassified to profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_843_ecustom--DescriptionOfAccountingPolicyForAtTheMarketIssuanceSalesAgreementATMTextBlock_zQ41b2tR8dri" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_zrncJHwXQJ7g">At the Market Issuance Sales Agreement (“ATM”)</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 6, 2022, the Parent entered into an At the Market Issuance Sales Agreement (the “ATM”) with B. Riley Securities, Inc., Fearnley Securities Inc., and H.C. Wainwright &amp; Co., LLC, pursuant to which the Company may offer and sell, from time to time, through or to the agents, acting as agent or principal, Class A ordinary shares of the Company having an aggregate offering price of up to $<span id="xdx_900_ecustom--AggregateOfferingPrice_pn6n6_uUSD_c20220606__20220606__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember_zNDzxSpp1rpb" title="Aggregate offering price">30</span> million under the Company’s Form F-3 registration statement. This prospectus was amended on May 13, 2023 to remove B. Riley Securities, Inc. as a listed sales agent and on July 7, 2023 to reduce the aggregate amount available to be sold under the ATM to $<span id="xdx_906_ecustom--AggregateAmountAvailableToBeSoldUnderATM_iI_pn6n6_uUSD_c20230707_z1Hs5Mu2o6G7" title="Aggregate amount">10</span> million.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During 2023, the Parent sold <span id="xdx_90F_eifrs-full--SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares_iI_c20231231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zxUP9pOCfdw2" title="Number of shares sold">1,103,368</span> class A ordinary shares for net proceeds of $<span id="xdx_905_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pn5n6_uUSD_c20230101__20231231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zQulHlsOSAr" title="Proceeds from issue of ordinary shares">3.3</span> million and paid $<span id="xdx_908_eifrs-full--OtherFeeAndCommissionExpense_pn5n6_uUSD_c20230101__20231231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zAwUCykfwHBb" title="Other fee and commission expense">0.1</span> million in commissions to agents as part of these trades.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended December 31, 2024, the Parent sold <span id="xdx_901_eifrs-full--SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares_iI_c20241231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_ziJ2rp6PUead" title="Number of shares sold">2,345,452</span> class A ordinary shares for net proceeds of $<span id="xdx_902_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pn5n6_uUSD_c20240101__20241231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zuMz4ciDCy09" title="Proceeds from issue of ordinary shares">6.4</span> million (€<span id="xdx_90E_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pn5n6_uEUR_c20240101__20241231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zTfAd11QwZk5" title="Proceeds from issue of ordinary shares">5.9</span> million) and paid $<span id="xdx_90B_eifrs-full--OtherFeeAndCommissionExpense_pn5n6_uUSD_c20240101__20241231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zHyhxTZvu3E7" title="Other fee and commission expense">0.2</span> million (€<span id="xdx_908_eifrs-full--OtherFeeAndCommissionExpense_pn5n6_uEUR_c20240101__20241231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zEteO4Z5wXgb" title="Other fee and commission expense">0.2</span> million) in commissions to agents as part of these trades.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended December 31, 2025, the Parent sold <span id="xdx_902_eifrs-full--SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares_iI_c20251231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zEDfeJgLz7eg" title="Number of shares sold">347,283</span> Class A ordinary shares for net proceeds of $<span id="xdx_907_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pn4n6_uUSD_c20250101__20251231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zUCuLSKqZ9G8" title="Proceeds from issue of ordinary shares">2.71</span> million (€<span id="xdx_90E_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pn4n6_uEUR_c20250101__20251231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zbVNiELSm2ka" title="Proceeds from issue of ordinary shares">2.31</span> million), after placement fees deducted at settlement, and reimbursed $<span id="xdx_90B_eifrs-full--OtherFeeAndCommissionExpense_pn4n6_uUSD_c20250101__20251231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zLWsAnZgP8ja" title="Other fee and commission expense">0.06</span> million (€<span id="xdx_904_eifrs-full--OtherFeeAndCommissionExpense_pn4n6_uEUR_c20250101__20251231__ifrs-full--TransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationAxis__custom--ATTheMarketIssuanceSalesAgreementMember__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zBhFVwrmp2Mb" title="Other fee and commission expense">0.05</span> million) of related legal expenses to the sales agent as part of these trades.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 30000000 10000000 1103368 3300000 100000 2345452 6400000 5900000 200000 200000 347283 2710000 2310000 60000.00 50000.00 <p id="xdx_848_ecustom--DescriptionOfAccountingPolicyForGoingConcernExplanatory_zNrZWFQ9jRxd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_860_z9BP7ngiiH8f">Going concern</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These consolidated financial statements have been prepared on a going concern basis, which assumes that the Group will continue in operational existence for the foreseeable future and be able to realise its assets and discharge its liabilities in the normal course of business.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In adopting the going concern basis in preparing the consolidated financial statements, the Directors have considered the Group’s cash on hand, its projected cash flows, and its ability to access additional sources of funding, together with factors likely to affect its future performance, as well as the Group’s principal risks and uncertainties.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The year ended 31 December 2025 represented the first full year following the Group’s strategic repositioning. The Group reported a net loss attributable to owners of the parent of approximately €<span id="xdx_90E_eifrs-full--ProfitLossAttributableToOwnersOfParent_iN_pn4n6_di_uEUR_c20250101__20251231_z8IVC2qRfN82" title="Net loss">5.72</span> million (restated – refer to Note 5), a significant improvement from a net loss of approximately €<span id="xdx_907_eifrs-full--ProfitLossAttributableToOwnersOfParent_iN_pn5n6_di_uEUR_c20240101__20241231_zeVxLVxPNQh1" title="Consolidated net loss">15.3</span> million for the year ended 31 December 2024. This improvement reflects the elimination of losses from legacy hydrogen manufacturing operations, the consolidation of a full year of revenue from QIND and its subsidiary Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas”), and a reduction in Group-level operating costs and legacy positions and as well as some restructuring expenses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">QIND generated revenue of approximately $<span id="xdx_901_eifrs-full--Revenue_pn5n6_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlSholaGasMember_zN8yA37zBTQj" title="Revenue">16.3</span> million for the year ended 31 December 2025, driven by a full year of contributions from Al Shola Gas and increased sales volumes. Al Shola Gas has operated profitably for several decades and provides the Group with a base of recurring LPG engineering and distribution revenue. During the year, the Group also established Bright Hydrogen Solutions Ltd, which has secured its first engineering and infrastructure contracts, and BioSteam Energy (Proprietary) Limited commenced development of its first project, which is expected to generate revenue in the first half of 2026.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During 2025 and subsequent to year end, the Group strengthened its capital structure through a combination of debt and equity financing transactions. Senior convertible notes issued in early 2025 were largely converted into equity during the year, reducing outstanding indebtedness. The Group also completed a private placement in July 2025 raising approximately $<span id="xdx_904_ecustom--GrossProceedsFromIssueOfOrdinaryShares_pn5n6_uUSD_c20260101__20260101__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember_zlcMZSb08Vs2" title="Gross proceeds">4.3</span> million in gross proceeds, continued to utilise its at-the-market equity programme, and regained compliance with Nasdaq listing requirements following a reverse share consolidation. In February 2026, the Group completed an additional capital raise of approximately $<span id="xdx_90F_ecustom--AdditionalCapitalRaise_pn5n6_uUSD_c20260201__20260228__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember_zEgkgBHtIx32" title="Additional capital raise">2.6</span> million and entered into a definitive agreement to acquire a portfolio of uranium and gas royalty interests, which is expected to generate recurring income and further diversify the Group’s revenue base from 2026 onwards.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notwithstanding these developments, the Group expects to continue to incur losses at the parent company level in the near term and remains dependent on access to additional funding to support its operations and strategic initiatives. In addition, QIND had a working capital deficit and outstanding matured convertible note obligations as at 31 December 2025. The Group’s ability to execute its business plan is dependent on the performance of its operating subsidiaries, the timing and realisation of projected revenues, and its continued ability to raise capital in the equity and debt markets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These conditions indicate the existence of material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern and therefore, to continue realising its assets and discharging its liabilities in the normal course of business.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The combination of recurring losses from operations at parent company level, negative working capital at QIND, outstanding matured convertible note obligations, and the Group’s continued dependence on external financing to support operations and strategic initiatives indicate the existence of a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern and therefore, to continue realising its assets and discharging its liabilities in the normal course of business.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management has prepared cash flow projections which indicate that, based on current assumptions, the Group is expected to have sufficient liquidity to meet its obligations as they fall due for a period of at least twelve months from the date of approval of these financial statements. These projections take into account the Group’s existing cash resources, expected cash flows from Al Shola Gas, anticipated revenues from Bright Hydrogen Solutions and BioSteam Energy, expected income from the Group’s recently agreed royalty portfolio, access to the $<span id="xdx_904_ecustom--EquityLinesOfCredit_iI_pn6n6_uUSD_c20250131_z5iQdHxtK2E1" title="Equity line of credit">25</span> million equity line of credit entered into in January 2025, its ATM facility, the proceeds of the February 2026 capital raise, and the Group’s ability to raise additional capital if required. The Group also retains flexibility to manage its cost base and adjust the timing of discretionary expenditures and investments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At 31 December 2025, the Group had net current liabilities of €<span id="xdx_904_eifrs-full--CurrentAssetsLiabilities_iI_pn5n6_c20251231_zWNdXBvt5AI6" title="Net current liabilities">5.8</span> million (2024 restated: €<span id="xdx_907_eifrs-full--CurrentAssetsLiabilities_iI_pn5n6_uEUR_c20241231_zwlmPixsBsr4" title="Net current liabilities">9.0</span> million), reflecting total current liabilities of €<span id="xdx_904_eifrs-full--CurrentLiabilities_iI_pn5n6_uEUR_c20251231_zI0OPFUIU94g" title="Total current liabilities">12.2</span> million against total current assets of €<span id="xdx_909_eifrs-full--CurrentAssets_iI_pn5n6_uEUR_c20251231_zQKe5fmSKEM5" title="Total current assets">6.4</span> million. Net cash used in operating activities during 2025 was €<span id="xdx_903_eifrs-full--CashFlowsFromUsedInOperatingActivities_iN_pn5n6_di_uEUR_c20250101__20251231_zk0x1dUI3ove" title="Net cash used in operating activities">8.2</span> million (2024: €<span id="xdx_90C_eifrs-full--CashFlowsFromUsedInOperatingActivities_iN_pn5n6_di_uEUR_c20240101__20241231_zcCretyjwPOh" title="Net cash used in operating activities">8.3</span> million), equivalent to an average monthly cash outflow of approximately €<span id="xdx_90E_ecustom--AverageMonthlyCashOutflow_pn5n6_uEUR_c20250101__20251231_zow1Df15psV4" title="Average monthly cash outflow">0.7</span> million at Group level. Cash and cash equivalents at 31 December 2025 were €<span id="xdx_90D_eifrs-full--CashAndCashEquivalents_iI_pn5n6_uEUR_c20251231_zuucBxJnhMD1" title="Cash and cash equivalents">0.6</span> million (2024: €<span id="xdx_906_eifrs-full--CashAndCashEquivalents_iI_pn5n6_uEUR_c20241231_zPAqbwQ7osB1" title="Cash and cash equivalents">0.2</span> million). Notwithstanding the improvement in the net current liability position compared with the prior year, the Group’s existing cash resources are insufficient to fund operating and financing obligations over the next twelve months without additional funding.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based on management’s cash flow projections for the period to 30 September 2027, the Group requires additional funding of approximately €<span id="xdx_907_ecustom--AdditionalFunding_iI_pn6n6_uEUR_c20270930__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember_z3x2nVJ3P91e" title="Additional funding">2</span> million to meet its obligations as they fall due and to support its strategic initiatives, comprising principally: (i) parent company operating costs and corporate overheads; (ii) the settlement, refinancing or conversion of QIND’s outstanding matured convertible note obligations (refer below); and (iii) working capital funding for the operating subsidiaries, net of expected cash generation from Al Shola Gas. Management expects this funding to be sourced from a combination of the Group’s existing $<span id="xdx_904_ecustom--EquityLinesOfCredit_iI_pn6n6_uUSD_c20250131_z4Z0K0zFf355" title="Equity line of credit">25</span> million equity line of credit entered into in January 2025, continued use of its at-the-market programme, the proceeds of the February 2026 capital raise of approximately $<span id="xdx_908_ecustom--EquityLinesOfCredit_iI_pn5n6_uUSD_c20260228_z3dHFT6sDIk" title="Equity line of credit">2.6</span> million, cash generation from the newly acquired uranium and gas royalty portfolio from 2026 onwards, and additional debt or equity financing if required.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At 31 December 2025, QIND had eight convertible promissory notes outstanding with an aggregate principal and accrued interest balance of approximately €<span id="xdx_900_eifrs-full--NotesAndDebenturesIssued_iI_pn5n6_uEUR_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EightConvertiblePromissoryNotesMember_zkYSPgONfpxd" title="Aggregate principal and accrued interest">2.4</span> million (USD <span id="xdx_90D_eifrs-full--NotesAndDebenturesIssued_iI_uUSD_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EightConvertiblePromissoryNotesMember_zlN3OAjGBDBf" title="Aggregate principal and accrued interest">2,561,240</span>), all of which had matured and remained unpaid as at the reporting date. Failure to repay these notes at maturity constitutes an event of default under the terms of the notes and could result, among other things, in the acceleration of the full outstanding principal amount plus accrued and unpaid interest, the accrual of default interest at rates ranging from <span id="xdx_900_eifrs-full--BorrowingsInterestRate_iI_pid_dp_uPure_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EightConvertiblePromissoryNotesMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zXNYS6JZgwM9" title="Principal amount plus accrued and unpaid interest, percentage">15</span>% to <span id="xdx_908_eifrs-full--BorrowingsInterestRate_iI_pid_dp_uPure_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EightConvertiblePromissoryNotesMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_ziUfTQxMukkj" title="Principal amount plus accrued and unpaid interest, percentage">20</span>% per annum, the outstanding principal amount increasing to between <span id="xdx_904_eifrs-full--BorrowingsAdjustmentToInterestRateBasis_iI_pid_dp_uPure_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EightConvertiblePromissoryNotesMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zHPL08LqODA7" title="Percentage of outstanding principal amount">150</span>% and <span id="xdx_904_eifrs-full--BorrowingsAdjustmentToInterestRateBasis_iI_pid_dp_uPure_c20251231__ifrs-full--ClassesOfLiabilitiesAxis__custom--EightConvertiblePromissoryNotesMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zxyarcjJ9Hb2" title="Percentage of outstanding principal amount">200</span>% of the original balance on certain notes, and the right of noteholders to convert outstanding amounts into shares of QIND at a discount to market price. Several of the notes also contain most-favoured-nation provisions, anti-dilution protections and beneficial ownership limitations which could further constrain QIND’s ability to restructure or refinance this indebtedness. The Group is dependent on QIND’s ability to negotiate forbearance arrangements, obtain waivers, or otherwise restructure these obligations; failure to do so could result in enforcement action against QIND’s assets (which secure the related party loan from J.J. Astor &amp; Co.) and could materially impair the Group’s consolidated financial position, results of operations and its ability to continue as a going concern. Further information on these matters is set out in the Risk Factors section of this Annual Report.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">However, there can be no assurance that the Group will be successful in achieving its forecasts, securing additional funding, or executing its strategic initiatives as planned. If the Group is unable to obtain sufficient funding or generate adequate cash flows, it may be required to delay, scale back or discontinue certain operations or investments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this material uncertainty. Accordingly, the consolidated financial statements have been prepared on a going concern basis, which contemplates the realisation of assets and settlement of liabilities in the ordinary course of business.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Since the consolidated financial statements were originally approved on 7 May 2026, the Company completed the acquisition of Royal Uranium Inc. on 21 July 2026, raised gross proceeds of approximately $<span id="xdx_90E_ecustom--ProceedsFromPrivatePlacement_pn5n6_c20260721__20260721__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember_z0qQIHQ9jrd3" title="Gross proceeds">1.5</span> million under the August 2026 private placement and agreed to settle part of the amounts owed to Bevilacqua PLLC in shares. On 10 July 2026, QIND entered into a forbearance agreement with RB Capital Partners, Inc. in respect of two of its matured convertible notes, extending their maturity to 1 March 2028 with repayment in 19 monthly instalments (refer to Note 30). The Directors have reassessed the going concern basis of preparation for a period of at least twelve months from the date of approval of these restated consolidated financial statements; the material uncertainty described above continues to apply. The restatement described in Note 5 is non-cash and does not affect the Group’s cash resources or cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For this reason, the Directors have adopted the going concern basis in preparing the audited consolidated financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> -5720000 -15300000 16300000 4300000 2600000 25000000 5800000 9000000.0 12200000 6400000 -8200000 -8300000 700000 600000 200000 2000000 25000000 2600000 2400000 2561240 0.15 0.20 1.50 2 1500000 <p id="xdx_845_ecustom--DescriptionOfAccountingPolicyForNewStandardsOrAmendmentsExplanatory_zvLXuuGAqJA1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86A_zmjsgDc2Kh16">New standards or amendments</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">There were no new standards effective for the period commencing 1 January 2025 that had a material impact on the Group. A number of new standards, amendments to standards and interpretations are not yet effective for the period and have not yet been applied in preparing the consolidated financial statements. The Group is in the process of assessing the impact on the financial statements of these new standards and amendments. Management currently expects no material impact on the Group’s financial statements on adoption of these amendments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_847_ecustom--DescriptionOfAccountingPolicyForSignificantAccountingPoliciesExplanatory_zAYSJDInYeqa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zvqos1iXaLrf">Significant accounting policies</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">There have been no additions to the Group’s significant accounting policies, as compared to the significant accounting policies described in the Form 20-F for the fiscal year ended December 31, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_844_eifrs-full--DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory_zfZ0reHJXQ1h" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_869_zyekIzwIQa9h">Derivative financial instruments</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group accounts for derivative liabilities by assessing whether the instrument contains separable embedded derivatives, and classifying each component accordingly. In cases where the Group issues convertible promissory notes, these are assessed to determine whether they contain both a host debt contract and one or more embedded derivatives. The Group separates any embedded derivatives that are not closely related to the host contract and accounts for them at fair value through profit or loss (“FVTPL”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where the conversion feature of a convertible note is denominated in a currency other than the entity’s functional currency, or includes anti-dilution clauses such as down-round protections, the ‘fixed-for-fixed’ criterion is assessed to have been met and the feature is classified as a derivative liability. The Group treats all such embedded derivatives - including conversion features, down-round adjustments, trading price redemptions, and change of control options - as a single compound derivative, measured at fair value through profit or loss at each reporting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The host debt contract is initially recognised at the residual amount after deducting the fair value of the compound embedded derivative and is measured at amortised cost using the effective interest rate method.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_ecustom--DescriptionOfAccountingPolicyForCompoundFinancialInstrumentsExplanatory_zykMIRkSF6a3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zRyIvUjfQ2F1">Compound Financial Instruments</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compound financial instruments issued by the Group comprise convertible loan notes that can be converted into equity at the option of the holder. The liability component is initially measured at fair value and subsequently measured at amortised cost using the effective interest method. The equity component is the residual amount of the instrument after deducting the fair value of the liability component and is recognised in a separate reserve within equity. Transaction costs are allocated between the liability and equity components proportionately.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_844_eifrs-full--DescriptionOfAccountingPolicyForWarrantsExplanatory_zkd0VuqMLFQi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_znyCU1T6UOr5">Warrants</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>Classification</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The Group issues warrants in connection with financing transactions, advisory and service arrangements, and other commercial agreements. At initial recognition, each warrant is assessed under IAS 32 and IFRS 9 to determine whether it is classified as an equity instrument or as a financial liability.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">A warrant is classified as an equity instrument only where it entitles the holder to acquire a fixed number of the Group’s own ordinary shares for a fixed amount of cash in the functional currency of the issuing entity (the “fixed-for-fixed” criterion), and where the contract does not impose on the Group any obligation to deliver cash or another financial asset, or to settle the instrument in a manner that would result in it being a financial liability.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">A warrant is classified as a derivative financial liability where it fails the fixed-for-fixed criterion. This is typically the case where the exercise price is denominated in a currency other than the functional currency of the issuing entity (which, for the Parent, is the Euro, while warrant exercise prices are generally denominated in U.S. dollars), where the contract contains anti-dilution, full-ratchet, price-reset or other variable settlement features, or where it provides for cash settlement (in whole or in part) on the occurrence of a fundamental transaction or change of control.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>Equity-classified warrants</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Equity-classified warrants are recognised within equity at their fair value on the date of grant. Where they are issued in exchange for goods or services, the fair value of the goods or services received is recognised as an expense in profit or loss with a corresponding credit to the share-based payment reserve, in accordance with IFRS 2. Where the fair value of the goods or services received cannot be reliably measured, the fair value of the warrants granted is used. Equity-classified warrants are not subsequently remeasured. On exercise, the carrying amount of the warrant in equity, together with any cash consideration received, is reclassified to share capital and share premium. Warrants that lapse unexercised remain in equity and may be transferred to retained earnings.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>Liability-classified warrants</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Liability-classified warrants are recognised initially at fair value on the issue date, with transaction costs expensed to profit or loss. They are subsequently remeasured at fair value at each reporting date, with changes in fair value recognised in profit or loss within fair value movement on derivative financial instruments. On exercise, the derivative liability is remeasured to fair value at the exercise date and is then reclassified to share capital and share premium together with any cash consideration received, with no gain or loss arising on the reclassification.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>Modifications, exchanges and replacements</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The Group regularly assesses whether amendments to the terms of outstanding warrants, or transactions in which existing warrants are surrendered for new instruments, represent a modification of the original warrant or its extinguishment and replacement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Where the terms of an outstanding warrant are renegotiated and the modified terms are substantially different from the original terms (for example, as a result of significant changes to the exercise price, the number of underlying shares, the exercise period or the substantive economic features of the instrument), the original warrant is treated as extinguished. The original warrant is derecognised at its carrying amount on the date of extinguishment, and the replacement instrument is recognised at its fair value on that date. For liability-classified warrants, the difference between the carrying amount of the original instrument and the fair value of the replacement is recognised in profit or loss. For equity-classified warrants, the difference is recognised within equity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Where the modification is not substantial, the original warrant continues to be recognised, with any incremental fair value granted to the holder accounted for in accordance with the classification of the instrument.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>Valuation</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Listed warrants are measured using quoted market prices in active markets where available (Level 1). Where quoted prices are not available, fair value is determined using option pricing models, principally the Black-Scholes model and, where appropriate, binomial lattice models. The principal inputs to these models are the Group’s share price at the measurement date, expected share price volatility (estimated by reference to the Group’s historical volatility), the risk-free interest rate (derived from government bond yields with maturities corresponding to the expected term), the expected term of the warrant and the expected dividend yield. Where the only unobservable input that has a significant effect on the recorded fair value is volatility derived from observable market inputs, the resulting fair value measurements are classified within Level 2 of the fair value hierarchy.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The selection of valuation technique and the determination of inputs require management judgement. Changes in these inputs, in particular share price and expected volatility, may have a material effect on the fair value of liability-classified warrants and on the related fair value movement recognised in profit or loss in the period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>  </b></span></p> <p id="xdx_841_eifrs-full--DescriptionOfAccountingPolicyForSubsidiariesExplanatory_zDqMp1y0qbR1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zvyZGToDaWWa">Loss of Control and Deconsolidation of Subsidiaries</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group ceases to consolidate a subsidiary from the date on which control is lost. When control is lost, the Group:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Derecognises the assets and liabilities of the former subsidiary from the consolidated statement of financial position, including any associated goodwill;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Derecognises any non-controlling interest related to the former subsidiary;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Recognises the fair value of any consideration received and of any retained investment at the date control is lost;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reclassifies to profit or loss, or transfers to retained earnings, any amounts previously recognised in other comprehensive income in relation to the subsidiary;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Recognises any resulting difference between the net assets derecognised and the fair value of consideration received and retained interest as a gain or loss in profit or loss, attributable to the former controlling interest.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where no consideration is received and no investment is retained the gain or loss on deconsolidation is calculated based solely on the carrying amount of net assets and liabilities of the subsidiary at the date of loss of control.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_843_eifrs-full--DescriptionOfAccountingPolicyForRecognitionOfRevenue_zTQz2ykC0o5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86C_zzKPBCIO0crk">Revenue</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue is measured based on the consideration specified in a contract with a customer and is recognised when control of goods or services is transferred to the customer, in an amount that reflects the consideration to which the Group expects to be entitled in exchange for those goods or services. Revenue excludes amounts collected on behalf of third parties, such as value added tax.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group applies the following five-step model to all revenue-generating contracts:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Identify the contract with a customer;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Identify the performance obligations in the contract;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Determine the transaction price;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Allocate the transaction price to the performance obligations; and</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Recognise revenue when (or as) the performance obligation is satisfied.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group has determined that it acts as principal in its revenue arrangements on the basis that it typically controls the goods or services before transferring them to the customer, and accordingly revenue is recognised at the gross amount of consideration to which the Group expects to be entitled.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Identification of performance obligations</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group’s principal revenue-generating activity is conducted through its operating subsidiary Al Shola Gas, which provides comprehensive solutions for the liquefied petroleum gas (“LPG”) industry in the United Arab Emirates. Contracts with customers typically contain one or more of the following distinct performance obligations:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Design, supply, installation and commissioning of centralised gas systems — project-based one-time revenue from the design, engineering, procurement and installation of LPG infrastructure on customer premises, including pipelines, pressure regulators, metering units, storage tanks and safety equipment;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Metered LPG utility services — recurring revenue from the ongoing supply of LPG to customers through centralised gas systems following project handover, billed on a metered basis;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bulk LPG deliveries and cylinder supply — recurring revenue from the transportation and supply of LPG in bulk tanker or cylinder format to commercial, residential and industrial customers; and</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Operations and maintenance services — recurring revenue from the ongoing operation, maintenance, and preventive servicing of centralised gas systems and associated infrastructure.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In addition, the Group generates revenue from engineering and advisory services provided by Bright Hydrogen Solutions S.L. in relation to energy infrastructure and clean energy projects.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where a contract contains more than one performance obligation, the Group assesses whether the goods or services are distinct on the basis that the customer can benefit from them either on their own or together with other readily available resources, and that they are separately identifiable from other performance obligations in the contract.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Transaction price and allocation</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The transaction price is determined based on the consideration specified in the contract, adjusted for estimates of variable consideration (such as commercial discounts granted to customers) and any consideration payable to the customer. Commercial discounts granted to customers are treated as a reduction of the transaction price rather than as an operating expense. The Group’s contracts do not contain material significant financing components, as the period between the transfer of goods or services and payment is typically less than one year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where a contract contains more than one distinct performance obligation, the transaction price is allocated to each performance obligation based on its relative stand-alone selling price. Where stand-alone selling prices are not directly observable, they are estimated based on expected cost plus an appropriate margin.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Timing of revenue recognition</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue from the design, supply, installation and commissioning of centralised gas systems is recognised over time where the Group’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced, using an input method based on costs incurred to date as a proportion of total estimated contract costs. Where the criteria for over-time recognition are not met, revenue is recognised at a point in time on completion and customer acceptance of the installation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue from metered LPG utility services, bulk LPG deliveries and cylinder supply is recognised at the point in time at which physical delivery of the LPG to the customer is completed and control of the product transfers to the customer.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue from operations and maintenance services is recognised over time as the customer simultaneously receives and consumes the benefits of the services as they are performed. Where services are provided under fixed-fee arrangements, revenue is recognised on a straight-line basis over the contract period; where services are provided on a time-and-materials basis, revenue is recognised as the services are performed.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue from engineering and advisory services provided by Bright Hydrogen Solutions is recognised over time or at a point in time depending on the specific nature of the contract and the associated performance obligations, in accordance with IFRS 15.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Contract balances</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amounts billed to customers in advance of revenue recognition are recognised as contract liabilities. Amounts recognised as revenue that have not yet been invoiced are recognised as contract assets. Trade receivables are recognised when the Group has an unconditional right to consideration, being the point at which only the passage of time is required before payment is due. At 31 December 2025 and 31 December 2024, the Group held no material contract assets or contract liabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Consistency with IFRS 15</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group has reviewed the revenue recognition policies applied by QIND and its operating subsidiary Al Shola Gas, which report in accordance with US GAAP (ASC 606), and determined that they are aligned with the Group’s IFRS 15 accounting policies. No adjustments were required on consolidation to align revenue recognition with Group accounting policies.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_847_eifrs-full--DescriptionOfAccountingPolicyForLeasesExplanatory_zK8Jkx5Hjx5f" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_zllUezyvWjfc">Leases</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At commencement or on modification of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of its relative stand-alone prices.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term, unless the lease transfers ownership of the underlying asset to the Group by the end of the lease term or the cost of the right-of-use asset reflects that the Group will exercise a purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group’s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rate.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group determines its incremental borrowing rate by obtaining interest rates from various external financing sources and makes certain adjustments to reflect the terms of the lease and type of the asset leased.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lease payments included in the measurement of the lease liability comprise the following:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">fixed payments, including in-substance fixed payments;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">amounts expected to be payable under a residual value guarantee; and</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the exercise price under a purchase option that the Group is reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Group is reasonably certain not to terminate early.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The lease liability is measured at amortised cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Group’s estimate of the amount expected to be payable under a residual value guarantee, if the Group changes its assessment of whether it will exercise a purchase, extension or termination option or if there is a revised in-substance fixed lease payment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group presents right-of-use assets in ‘property, plant and equipment’ and lease liabilities in ‘trade and other payables’ in the statement of financial position.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group has elected not to recognise right-of-use assets and lease liabilities for leases of low-value assets and short-term leases. The Group recognises the lease payments associated with these leases as an expense on a straight-line basis over the lease term.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_eifrs-full--DescriptionOfAccountingPolicyForMeasuringInventories_zWWZWxlp8hUb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_869_zeKdGSI4azKc">Inventories</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inventories are stated at the lower of cost and net realizable value. Cost comprises of direct materials and the cost of bringing the components to their present condition. Cost is determined using the first-in, first-out (FIFO) method, which reflects the actual method applied by the Group’s operating subsidiary. Net realisable value is calculated as the estimated selling price arising in the ordinary course of business, net of estimated selling costs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84B_eifrs-full--DescriptionOfAccountingPolicyForSegmentReportingExplanatory_zpYUulXBgpg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zb0LHTck5VFe">Segment information</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group determines its operating segments based on the information that is regularly reviewed by the chief operating decision maker (“CODM”), identified as the Board of Directors, for the purpose of allocating resources and assessing performance.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by the CODM to make decisions about resource allocation and to assess performance, and for which discrete financial information is available.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A reportable segment is an operating segment that meets the quantitative thresholds set out in IFRS 8, or is otherwise considered by management to provide useful information to users of the financial statements. Operating segments that do not meet the quantitative thresholds are aggregated within “All other activities” and presented separately from reconciling items where required.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_840_eifrs-full--DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory_zIDc3csUzxYh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_z8CH7ZMbLy38">Research and development expenditure</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Research costs are expensed as incurred. Development costs are capitalised when the criteria under IAS 38 are met, including the technical and commercial feasibility of the asset, the intention and ability to complete it, and the likelihood of generating future economic benefits. Capitalised development expenditure is measured at cost less accumulated amortisation and impairment losses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at the reporting date, the Group had no material ongoing research and development activities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_845_eifrs-full--DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory_zD4pmhVkGmxk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zwDS1rCXswhj">Trade and other payables</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade payables are recognised initially at fair value and subsequently measured at amortised cost.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84F_eifrs-full--DescriptionOfAccountingPolicyForProvisionsExplanatory_zbgQkAQ6wEKi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zAyyRvKoRvVh">Provisions</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Onerous contracts</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A provision for an onerous contract is recognised when it becomes probable that the total contract costs will exceed total contract revenue. Before a provision for onerous contracts is recorded, the related assets under construction are measured at their net realisable value and written-off if necessary. Onerous contracts are identified by monitoring the progress of the contract together with the underlying programme status. An estimate of the related contract costs is made, which requires significant and complex assumptions, judgements and estimates related to achieving certain performance standards.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Warranties</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A provision for warranties is recognized when the underlying products or services are sold, based on historical warranty data and a weighting of possible outcomes against their associated probabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_eifrs-full--DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory_zPfeLabFBVMh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_z9ScsIEapEp4">Current taxation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The current taxation charge is calculated at the amount expected to be recovered from or paid to the taxation authorities on the basis of the tax laws enacted or substantively enacted at the reporting date.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_840_eifrs-full--DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory_z3IbI5RiT7Db" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86C_zZhk5PS7cROb">Deferred taxation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred taxation is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred income tax is determined using tax rates that have been enacted or substantially enacted by the reporting date and are expected to apply when the related deferred income tax asset is realised or the deferred income tax liability is settled.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred income tax assets are recognised to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences and the carry forward of unused tax losses can be utilised. Unrecognised deferred tax assets are reassessed at each reporting date and recognised to the extent that it has become probable that future taxable profits will be available against which they can be used. In making this assessment, management has regard to relevant uncertainties affecting the availability of future taxable profits, including any material uncertainty related to going concern.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred tax liabilities may arise on the initial recognition of identifiable assets and liabilities as part of business combinations, including fair value adjustments recognised through purchase price allocation exercises. These deferred tax balances are recognised in accordance with IAS 12 and subsequently released to profit or loss as the underlying assets are amortised, depreciated or realised.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_ecustom--DescriptionOfAccountingPolicyForEquityInstrumentsExplanatory_zmUOrJmi0XS3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86D_zWO0dxFDzmGl">Equity instruments</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Class A ordinary shares are classified as equity instruments. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction from equity, net of tax effects.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <p id="xdx_84B_eifrs-full--DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory_zBOHwgSi7PRa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zDIYlgZ2Kroc">Business combinations</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group accounts for business combinations using the acquisition method when the acquired set of activities and assets meets the definition of the business and control is transferred to the Group. In determining whether a particular set of activities and assets is a business, the Group assesses whether the set of assets and activities acquired includes, at a minimum, an input and substantive process and whether the acquired set has the ability to produce outputs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group has an option to apply a “concentration test” that permits a simplified assessment of whether an acquired set of activities and assets is not a business. The optional concentration test is met if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consideration transferred in the acquisition is generally measured at fair value, as are the identifiable net assets acquired. Any goodwill that arises is tested annually for impairment. Any gain on a bargain purchase is recognised in profit or loss immediately. Transaction costs are expensed as incurred, except if related to the issue of debt or equity securities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consideration transferred does not include amounts related to the settlement of pre-existing relationships. Such amounts are generally recognised in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any contingent consideration is measured at fair value at the date of acquisition. If an obligation to pay contingent consideration that meets the definition of financial instrument is classified as equity, then it is not remeasured, and settlement is accounted for within equity. Otherwise, other contingent consideration is remeasured at fair value at each reporting date and subsequent changes in the fair value of the contingent consideration are recognised in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group determines the acquirer based on the criteria outlined in IFRS 3, including an assessment of governance structure, board composition, and relative ownership interests.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group accounts for non-controlling interests (NCI) in accordance with IFRS 3.19, and elects, on a transaction-by-transaction basis, to measure NCI either at fair value (full goodwill method) or at the proportionate share of the acquiree’s identifiable net assets (partial goodwill method).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In accordance with IFRS 3.45, the Group may revise the initial accounting for a business combination within the measurement period, which does not exceed 12 months from the acquisition date. During this period, provisional amounts may be adjusted retrospectively if new information becomes available regarding facts and circumstances that existed at the acquisition date.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where necessary, the Group adjusts the acquiree’s accounting policies to align with those of the Group in accordance with IFRS 10.19 and IFRS 10.22, including for differences arising between local GAAP and IFRS.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the QIND acquisition completed in November 2024, the Group elected to measure non-controlling interests at the proportionate share of the acquiree’s identifiable net assets (the partial goodwill method).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_848_eifrs-full--DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_zfFELiqgnfQ4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86E_zIoO4lRJBIEl">Share-based payment arrangements</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The grant-date fair value of equity-settled share-based payments arrangements granted to employees and non-employees is generally recognised as an expense, with a corresponding increase in equity, over the vesting period of the awards. The amount recognised as an expense is adjusted to reflect the numbers of awards for which the related service and non-market performance conditions are expected to be met, such that the amount ultimately recognised is based on the number of awards that meet the related service and non-market performance conditions at the vesting date. For share-based payment awards with non-vesting conditions, the grant-date fair value of the share-based payment is measured to reflect such conditions and there is no true-up for differences between expected and actual outcomes. For share-based payment awards that vest at the discretion of the board of directors, the fair value is determined at the reporting date until such time that there is a shared understanding of the vesting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84C_eifrs-full--DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_zBgTweJoLvQ8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_z4VZxlPt3Zg9">Post-employment benefits – End-of-service indemnity</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group recognises a liability for end-of-service benefits payable to employees of its UAE-based subsidiary, Al Shola Gas. These benefits are classified as unfunded post-employment defined benefit obligations and are accrued in accordance with UAE labour law.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The end-of-service benefit is calculated based on an employee’s final salary and length of service at the reporting date. The obligation is recognised in the consolidated statement of financial position and measured using the projected unit credit method, without discounting, as the impact of the time value of money was determined to be immaterial.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">No actuarial valuation has been performed as at 31 December 2025 due to the nature of the obligation and the size of the employee population; however, management estimates the liability based on historical and contractual entitlements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_844_eifrs-full--DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_zQIBXZkWT3Ge" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86A_zesYheh6bk17">Financial instruments</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Recognition and initial measurement</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Receivables are initially recognised when they are originated. All other financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus transaction costs that are directly attributable to its acquisition or issue.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Financial assets at fair value through profit or loss (FVTPL)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income, are recognised in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Classification and subsequent measurement</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On initial recognition, a financial asset is classified as measured at: amortised cost; Fair Value through Other Comprehensive Income (“FVOCI”) – debt investment; FVOCI – equity investment; or FVTPL.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Financial liabilities – Classification, subsequent measurement and gains and losses</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_845_eifrs-full--DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory_zc2GgRKS1oq" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_z6DrVISjLLI3">Derecognition</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Financial assets</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Financial liabilities</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group derecognises a financial liability when its contractual obligations are discharged, cancelled or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred, or liabilities assumed) is recognized in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_847_ecustom--DescriptionOfAccountingPolicyForDepositsAndAdvancesExplanatory_zHNRxOPxEHF4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_ziGzzQ3Yvxoc">Deposits and Advances</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deposits and advances represent payments made in advance to suppliers, contractors, and service providers in the ordinary course of business. These primarily relate to procurement of materials and services for the design, supply, and installation of central gas distribution and monitoring systems carried out by the Group’s UAE-based subsidiary. Such advances include, but are not limited to:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Refundable project security deposits,</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lease and utility deposits,</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">■</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepayments to subcontractors and vendors for project-related activities.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These amounts are recognised at their nominal value and are not discounted as the impact of the time value of money is considered immaterial. Deposits that are expected to be utilised or refunded within 12 months of the reporting date are classified as current assets, while those recoverable beyond 12 months are classified as non-current assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At the reporting date, there are no indicators of impairment, and management considers all amounts to be fully recoverable.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_849_eifrs-full--DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory_zLaESgwaorU5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zvk6Ebsb933h">Prepayments and other receivables</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepayments and other receivables are recognised initially at fair value and then carried at amortised cost less allowance for impairment. The Group applies the IFRS 9 <i>Financial Instruments</i> simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for other receivables.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84C_eifrs-full--DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents_zG1m8oquZJXe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_866_zY0LF2v6AjZ4">Cash and cash equivalents</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash and cash equivalents in the statement of financial position comprise cash at bank and in hand, and short-term deposits with a maturity of three months or less.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Statement of cash flows</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consolidated statement of cash flows is prepared using the indirect method. Interest paid is classified within cash flows from operating activities, consistent with the presentation of financing costs within the consolidated statement of profit or loss. Interest received is classified within cash flows from investing activities. Income taxes paid and received are classified within cash flows from operating activities, as they cannot be specifically identified with financing or investing activities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-cash investing and financing transactions are excluded from the consolidated statement of cash flows and disclosed separately.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_845_eifrs-full--DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_zENWPLyZXvf5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_868_zwD6IvuV8142">Property, plant and equipment</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Property, plant and equipment is included at cost less accumulated depreciation and/or accumulated impairment losses. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. Depreciation is provided using the straight-line method to write off cost to residual value over the estimated useful life of the individual asset. Important components of property, plant and equipment that maintain different useful lives are considered separately. Land is not depreciated and assets categorised as being under construction are not depreciated until such time that they are in use. The following rates per annum are used:</span></p> <p id="xdx_896_ecustom--DisclosureOfPropertyPlantAndEquipmentUsefulLivesExplanatoryExplanatory_z42cIP9P5KKb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B7_zpDwqcTCz519" style="display: none">Schedule of property, plant and equipment useful lives</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="display: none"> </span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify; width: 2in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Plant and machinery</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zp353R2cCo29" title="Property, plant and equipment useful life">3</span>-<span id="xdx_905_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zybPWqtIrAyf" title="Property, plant and equipment useful life">10</span> years</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Office and other equipment</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OfficeEquipmentMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zyKI8B9FlAMk" title="Property, plant and equipment useful life">3</span>-<span id="xdx_90A_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OfficeEquipmentMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zQxUNXHgmWa1" title="Property, plant and equipment useful life">10</span> years</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Leases</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_909_eifrs-full--DescriptionOfUsefulLifePropertyPlantAndEquipment_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--LeasesMember_z27CFF3tfkf1" title="Property, plant and equipment useful life">Lease term</span></span></td></tr> </table> <p id="xdx_8AC_zT4zY4ZUc62i" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The useful lives disclosed represent the range of depreciation periods applied across the Group. Actual asset lives used by individual subsidiaries fall within this range and reflect the nature and expected use of the respective assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The carrying values of property, plant and equipment are reviewed for indicators of impairment at each reporting date or when events or changes in circumstances indicate the carrying value may not be recoverable (whichever is the earlier). If any such indication exists and where the carrying values exceed the estimated recoverable amount, the assets or cash - generating units are written down to their recoverable amount.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_896_ecustom--DisclosureOfPropertyPlantAndEquipmentUsefulLivesExplanatoryExplanatory_z42cIP9P5KKb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B7_zpDwqcTCz519" style="display: none">Schedule of property, plant and equipment useful lives</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="display: none"> </span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify; width: 2in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Plant and machinery</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zp353R2cCo29" title="Property, plant and equipment useful life">3</span>-<span id="xdx_905_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--MachineryMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zybPWqtIrAyf" title="Property, plant and equipment useful life">10</span> years</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Office and other equipment</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OfficeEquipmentMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zyKI8B9FlAMk" title="Property, plant and equipment useful life">3</span>-<span id="xdx_90A_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--OfficeEquipmentMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zQxUNXHgmWa1" title="Property, plant and equipment useful life">10</span> years</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Leases</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_909_eifrs-full--DescriptionOfUsefulLifePropertyPlantAndEquipment_c20250101__20251231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--LeasesMember_z27CFF3tfkf1" title="Property, plant and equipment useful life">Lease term</span></span></td></tr> </table> P3Y P10Y P3Y P10Y Lease term <p id="xdx_840_eifrs-full--DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_z6SVz6urgnF5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_862_zvDkMq1bf132">Intangible assets</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Intangible assets acquired separately are measured on initial recognition at cost. Intangible assets acquired in a business combination are measured on initial recognition at their fair value as at the date of acquisition. Following initial recognition, intangible assets are carried at cost less accumulated amortisation and/or any accumulated impairment losses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Product development costs are not amortised until such time that they are in use after which it is expected they will be amortised over their estimated useful lives (three to five years). Amortisation is provided using the straight-line method to write off cost to residual value over the estimated useful life of the individual asset. The following rates per annum are used:</span></p> <p id="xdx_892_eifrs-full--DisclosureOfIntangibleAssetsWithIndefiniteUsefulLifeExplanatory_zggQoy5WOWW2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B4_zLxU2F83yTN3" style="display: none">Schedule of estimated useful lives of intangible assets</span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="padding-bottom: 1pt; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left; width: 2.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Asset class</span></td> <td style="width: 0.1in"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: justify; width: 0.75in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Useful life</span></td> <td style="width: 0.1in"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif">Method</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Software</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_906_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_z7yIex6xpULa" title="Intangible assets useful life">3</span> years</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_901_eifrs-full--AmortisationMethodIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zurj6CI9PLGg" title="Intangible assets method">Straight-line</span></span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Completed development technology</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_908_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--CompletedDevelopmentTechnologyMember_z75GgxVNWNwk" title="Intangible assets useful life">3</span> years</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_90F_eifrs-full--AmortisationMethodIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--CompletedDevelopmentTechnologyMember_zYXwPa6sYr83" title="Intangible assets method">Straight-line</span></span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Customer relationships </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zZpmvIt0r58e" title="Intangible assets useful life">10</span> years</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_900_eifrs-full--AmortisationMethodIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zxMyO1PWVU4j" title="Intangible assets method">Straight-line</span></span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade names </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_901_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--BrandNamesMember_znuOssWEW0n8" title="Intangible assets useful life">10</span> years</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_900_eifrs-full--AmortisationMethodIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--BrandNamesMember_zXgSwVEaU3Ac" title="Intangible assets method">Straight-line</span></span></td></tr> </table> <p id="xdx_8A5_zvje7p6kTrV8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The useful lives of customer relationships and trade names acquired in the QIND business combination were determined with reference to the valuation performed as part of the purchase price allocation. The useful life of customer relationships reflects the period over which the majority of the discounted cash flows attributable to the acquired customer portfolio are expected to be realised, reflecting a historical customer attrition rate of approximately 8% per annum in the acquired customer portfolio. The useful life of trade names reflects management’s estimate of the period over which the acquired brands are expected to contribute to the economic benefits of the business, having regard to their history, market recognition, and the business-to-business nature of the operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All acquired intangible assets are assessed as having finite useful lives. The Group does not hold any intangible assets with indefinite useful lives.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Internally generated intangible assets, excluding capitalised development costs, are not capitalised and expenditure is reflected in the income statement in the year in which the expenditure is incurred.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expenditure on research activities is recognised in profit or loss as incurred.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Development expenditure is capitalised only if the expenditure can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable and the Group intends to and has sufficient resources to complete development and to use or sell the asset. Otherwise, it is recognised in the profit or loss as incurred. Subsequent to initial recognition, development expenditure is measured at cost less accumulated amortisation and any accumulated impairment losses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subsequent expenditure is capitalised only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure, including expenditure on internally generated goodwill and brands, is recognised in profit or loss as incurred.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Impairment arises if the recoverable amount of the intangible asset is lower than its carrying value. Recoverable amount is the higher of an asset’s value in use and its fair value less costs of disposal.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">If the carrying amount of an intangible asset exceeds its recoverable amount, an impairment loss is recognised in an amount equal to that excess.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Goodwill recognised on acquisition represents the excess of the consideration transferred over the fair value of the identifiable net assets acquired.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group finalised the purchase price allocation during the year, including the identification and valuation of separately identifiable intangible assets. Any adjustments arising during the measurement period have been reflected in the consolidated financial statements.</span></p> <p id="xdx_892_eifrs-full--DisclosureOfIntangibleAssetsWithIndefiniteUsefulLifeExplanatory_zggQoy5WOWW2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B4_zLxU2F83yTN3" style="display: none">Schedule of estimated useful lives of intangible assets</span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="padding-bottom: 1pt; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left; width: 2.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Asset class</span></td> <td style="width: 0.1in"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: justify; width: 0.75in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Useful life</span></td> <td style="width: 0.1in"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif">Method</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Software</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_906_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_z7yIex6xpULa" title="Intangible assets useful life">3</span> years</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_901_eifrs-full--AmortisationMethodIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--ComputerSoftwareMember_zurj6CI9PLGg" title="Intangible assets method">Straight-line</span></span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Completed development technology</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_908_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--CompletedDevelopmentTechnologyMember_z75GgxVNWNwk" title="Intangible assets useful life">3</span> years</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_90F_eifrs-full--AmortisationMethodIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__custom--CompletedDevelopmentTechnologyMember_zYXwPa6sYr83" title="Intangible assets method">Straight-line</span></span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Customer relationships </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zZpmvIt0r58e" title="Intangible assets useful life">10</span> years</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_900_eifrs-full--AmortisationMethodIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zxMyO1PWVU4j" title="Intangible assets method">Straight-line</span></span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade names </span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_901_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--BrandNamesMember_znuOssWEW0n8" title="Intangible assets useful life">10</span> years</span></td> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_900_eifrs-full--AmortisationMethodIntangibleAssetsOtherThanGoodwill_dtY_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--BrandNamesMember_zXgSwVEaU3Ac" title="Intangible assets method">Straight-line</span></span></td></tr> </table> P3Y Straight-line P3Y Straight-line P10Y Straight-line P10Y Straight-line <p id="xdx_80C_eifrs-full--DisclosureOfAccountingJudgementsAndEstimatesExplanatory_zJRzWGCHom5f" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>4.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82F_zmrBS9jmDd26">Significant accounting judgements, estimates and assumptions</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the Group’s consolidated financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of revenue, expenses, assets and liabilities, income taxes and the accompanying disclosures. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the asset or liability affected in future periods. These include, but are not limited to:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Impairment of goodwill</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group tests goodwill for impairment at least annually or more frequently where indicators of impairment exist. This requires management to estimate the recoverable amount of the relevant cash-generating unit, including assumptions relating to future cash flows, growth rates and discount rates. Changes in these assumptions could result in material adjustments to the carrying value of goodwill. At 31 December 2025, the recoverable amount of the LPG Distribution &amp; Engineering cash-generating unit was below its carrying amount and an <span>impairment loss of €<span id="xdx_90D_eifrs-full--ImpairmentLossRecognisedInProfitOrLossGoodwill_pn3n3_c20250101__20251231_zKDUzKaW4btd" title="Impairment loss of goodwill">1,060</span>k</span> was recognised (restated – refer to Notes 5 and 16).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Business combinations and purchase price allocation</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The identification and valuation of identifiable assets and liabilities acquired in a business combination require the use of significant estimates and assumptions, including the valuation of intangible assets and determination of fair values. These estimates may be refined during the measurement period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Fair value of derivative financial instruments</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group measures certain financial instruments at fair value through profit or loss. The valuation of these instruments requires the use of valuation techniques and key assumptions, including share price volatility and other market-based inputs. Changes in these assumptions may result in significant movements in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Deferred taxation</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The recognition of deferred tax assets and liabilities requires management judgement in assessing the recoverability of future taxable profits and the expected reversal of temporary differences, including those arising from business combinations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Assessment of control and deconsolidation</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The determination of whether the Group has control over an entity requires judgement, particularly in situations involving insolvency or other legal processes. Changes in control result in deconsolidation and may significantly impact the Group’s financial position and results.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> 1060000 <p id="xdx_807_ecustom--DisclosureOfRestatementOfComparativeInformationExplanatory_zzV734SdQ2d4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>5.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_823_zyAd1EHI1eja">Restatement of previously issued financial statements</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(A) Restatement of the consolidated financial statements for the year ended 31 December 2025 (IAS 8)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following the issue of the consolidated financial statements for the year ended 31 December 2025 on 7 May 2026, errors were identified in the accounting for the Group’s investment in QIND, a foreign operation whose functional currency is the US dollar, and in the impairment testing of the related goodwill. The errors have been corrected by restating each affected line item of the consolidated financial statements for the year ended 31 December 2025 in accordance with IAS 8.42. The comparative information for the year ended 31 December 2024 and the statement of financial position at 1 January 2024 are not affected. The corrections are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(a) Impairment of goodwill (IAS 36)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The recoverable amount of the LPG Distribution &amp; Engineering cash-generating unit (QIND and its subsidiary Al Shola Gas) at 31 December 2025 was below its carrying amount. An impairment loss of €<span id="xdx_90D_eifrs-full--ImpairmentLossRecognisedInProfitOrLossGoodwill_pn3n3_c20250101__20251231_zJXJODOM9kQc" title="Impairment loss of goodwill">1,060</span>k, being the Group’s share of the impairment of the notionally grossed-up goodwill (IAS 36, Appendix C), has been recognised in profit or loss and allocated in full to goodwill. No impairment was recognised in the financial statements as previously issued. Refer to Note 16.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(b) Translation of purchase price allocation charges at the average rate (IAS 21.39(b))</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The amortisation of customer relationships and trade names, the release of the inventory fair value uplift and the related deferred tax credit arising from the QIND purchase price allocation were translated at the exchange rate at the acquisition date. They have been translated at the average exchange rate for 2025. Administration expenses decrease by €<span id="xdx_900_eifrs-full--AdministrativeExpense_pn3n3_uEUR_c20250101__20251231__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zKymErmNqb2e" title="Administrative expense">171</span>k, cost of sales by €<span id="xdx_908_eifrs-full--CostOfSales_pn3n3_uEUR_c20250101__20251231__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zjBOkHbZFcqe" title="Cost of sales">4</span>k and the income tax credit by €<span id="xdx_903_eifrs-full--CurrentTaxExpenseIncome_pn3n3_uEUR_c20250101__20251231__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_z3lzmDRa5Kwj" title="Income tax credit">18</span>k.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(c) Retranslation of goodwill and fair value adjustments at the closing rate (IAS 21.47)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Goodwill and the fair value adjustments arising on the acquisition of QIND are assets and liabilities of the foreign operation and are translated at the closing rate. They were carried at the exchange rate at the acquisition date. Retranslation at the 31 December 2025 closing rate of <span id="xdx_903_eifrs-full--ClosingForeignExchangeRate_iI_pn3n3_uPure_c20251231__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zOgLLHCz7035" title="Closing foreign exchange rate">US$1.1736 to €1.00</span> reduces customer relationships by €<span id="xdx_909_ecustom--IntangibleAssetsOfCustomerRelationships_iI_pn3n3_uEUR_c20251231_zp3VS5hdSbb7" title="Intangible assets of customer relationships">1,944</span>k, trade names by €<span id="xdx_902_ecustom--IntangibleAssetsOfTradeNames_iI_pn3n3_uEUR_c20251231_zhSVReF2mZ5i" title="Intangible assets of trade names">453</span>k, goodwill by €<span id="xdx_90E_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesGoodwill_pn3n3_uEUR_c20250101__20251231_z0z1mMKJW5Ac" title="Intangible assets of trade names">683</span>k, the inventory fair value uplift by €<span id="xdx_906_ecustom--InventoryFairValue_iI_c20251231_zrXRiTaPuxDj" title="inventory fair value">4</span>k and the deferred tax liability by €<span id="xdx_905_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_pn3n3_c20250101__20251231_z0QKCVkHdlX8" title="Deferred tax liability of exchange difference">219</span>k. The resulting exchange difference of €<span id="xdx_90B_eifrs-full--OtherComprehensiveIncomeBeforeTax_pn3n3_c20250101__20251231_zmGzApaGwjVg" title="Other comprehensive income">2,866</span>k is recognised in other comprehensive income.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(d) Exchange differences on translation of foreign operations (IAS 21.39(c) and IAS 21.41)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exchange differences arising on the translation of QIND’s results and net assets into euro were recognised in finance income. They are recognised in other comprehensive income and accumulated in a foreign currency translation reserve, with the share attributable to non-controlling interests allocated to non-controlling interests. This reclassifies a gain of €<span id="xdx_902_eifrs-full--AdjustmentsForFinanceCosts_pn3n3_uEUR_c20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zKTE24s2dWzb" title="Adjustments for finance costs / income">3,126</span>k from finance income to other comprehensive income. The translation of QIND’s equity eliminated on consolidation and of the related non-controlling interests has also been corrected:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i) exchange differences of €<span id="xdx_90C_eifrs-full--SharePremium_iI_pn3n3_uEUR_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_z26Oa5bSm3si" title="Share premium">1,324</span>k and €<span id="xdx_908_eifrs-full--IssuedCapital_iI_pn3n3_uEUR_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zCVtF8WWfOMl" title="Share capital">11</span>k on the retranslation of QIND’s share premium and share capital eliminated on consolidation had been recognised directly in the Group’s share premium and other equity reserve. They are recognised in other comprehensive income;</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii) contributions of €<span id="xdx_900_ecustom--IncreaseDecreaseThroughMinorityInterestInitialRemeasurement_pn3n3_c20250101__20251231__ifrs-full--ComponentsOfEquityAxis__ifrs-full--NoncontrollingInterestsMember_z1xQuyihi1Q3" title="Non-controlling shareholders">399</span>k by non-controlling shareholders of QIND during 2025 had been recorded as a reduction of non-controlling interests against exchange differences. They are recognised as an increase in non-controlling interests, which increases non-controlling interests by €<span id="xdx_90A_ecustom--IncreasesNoncontrollingInterests_pn3n3_c20250101__20251231__ifrs-full--ComponentsOfEquityAxis__ifrs-full--NoncontrollingInterestsMember_zDHDTMhlcwO9" title="Increases non-controlling interests">798</span>k with a corresponding reduction in other comprehensive income;</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii) an increase of €<span id="xdx_907_ecustom--IncreaseOfArisingFromChangesInOwnershipInterest_iI_pn3n3_c20251231__ifrs-full--CounterpartiesAxis__custom--QualityIndustrialCorpMember_zqW3HJcCMPrf" title="Increase of arising from changes in ownership interest">416</span>k arising from changes in the Group’s ownership interest in QIND on QIND’s 2025 share issues had been recognised within exchange differences. It is recognised directly in equity, within the other equity reserve, in accordance with IFRS 10.23; and</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv) the share of other comprehensive income of the non-controlling interests in QIND’s subsidiary, Al Shola Gas,, a loss of €<span id="xdx_901_eifrs-full--OtherComprehensiveIncomeAttributableToNoncontrollingInterests_pn3n3_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--QualityIndustrialCorpMember_z5utoCdQI9B7" title="Increase of arising from changes in ownership interest">115</span>k, is attributed to non-controlling interests.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other comprehensive income for 2025 is <span id="xdx_906_ecustom--OtherComprehensiveIncomeLossDescription_pid_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--QualityIndustrialCorpMember_zzqFQAwmSr6j" title="Other comprehensive income loss description">therefore a loss of €2,289k (a gain of €3,126k under (d), less €2,866k under (c), €1,335k under (d)(i), €798k under (d)(ii) and €416k under (d)(iii)), of which €1,647k is attributable to owners of the parent and accumulated in the foreign currency translation reserve and €642k is attributable to non-controlling interests (€115k under (d)(iv) and €527k under (e) below).</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(e) Non-controlling interests in QIND (IFRS 10.B94 and IFRS 10.23)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group holds <span id="xdx_904_ecustom--ProportionOfOwnershipInterestsHeldByNoncontrollingInterestsShares_pn5n6_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--QualityIndustrialCorpMember_zq1ss3hd9ii7" title="Noncontrolling interests shares">98.3</span> million of QIND’s shares on an as-converted basis. Its economic interest in QIND reduced from <span id="xdx_90A_eifrs-full--ProportionOfVotingRightsHeldByNoncontrollingInterests_pid_dp_uPure_c20240101__20241231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--QualityIndustrialCorpMember_zKgcVesdUcRi" title="Non-controlling interests percentage">67.04</span>% at 31 December 2024 to <span id="xdx_901_eifrs-full--ProportionOfVotingRightsHeldByNoncontrollingInterests_pn5n6_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--QualityIndustrialCorpMember_zVNZZZaEA15g" title="Non-controlling interests shares">52.40</span>% at 31 December 2025 as QIND issued shares to third parties during 2025. The non-controlling interests in QIND, measured at their proportionate share of QIND’s identifiable net assets at the acquisition date, had been carried at their 31 December 2024 amount. They had not been attributed their share of QIND’s 2025 loss and other comprehensive income, and had not been adjusted for the change in the Group’s ownership interest.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The non-controlling interests’ share of QIND’s loss for 2025, <span id="xdx_90B_ecustom--NoncontrollingInterestsShareDescription_pid_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--QualityIndustrialCorpMember_zSDSMAdIIzI8" title="Non-controlling interests share description">including the amortisation of the fair value adjustments arising on the acquisition net of deferred tax, is a loss of €1,616k, and their share of other comprehensive income is a loss of €527k, each based on their time-weighted interest during the year. Non-controlling interests have been adjusted to their proportionate share of QIND’s net assets at 31 December 2025, an increase of €2,229k recognised in equity against the other equity reserve in accordance with IFRS 10.23, of which €681k relates to the position at 31 December 2024. The loss attributable to owners of the parent decreases by €1,616k. Non-controlling interests increase by €86k, with a corresponding decrease in equity attributable to owners of the parent.</span> There is no effect on the loss for the year, other comprehensive income or total equity.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_896_ecustom--DisclosureOfDetailedInformationAboutImpactOnConsolidatedStatementOfProfitOrLossExplanatory_gL3DODIAIOCSO-CCWQR_zVUyRGmdhwP8" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Impact on consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 2025</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span><span id="xdx_8B4_zg3h0UeWhBYf" style="display: none">Schedule of impact on consolidated statement of profit or loss</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">€’000</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20250101__20251231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_z3p8s9PfIE89" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As previously reported</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_z8vCt0g4lb7j" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250101__20251231__srt--RestatementAxis__ifrs-full--RestatedMember_zzafrh4Eyd07" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_409_eifrs-full--Revenue_pn3n3_zDpPiOAvThmg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: justify">Revenue</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">14,415</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1383">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">14,415</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_ecustom--CostOfSale_iN_pn3n3_di_z84CI8Mge7s2" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Cost of sales</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,240</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,235</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_eifrs-full--GrossProfit_iT_pn3n3_z5DpzO9YIGq4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Gross profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,175</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,180</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--OtherIncomeExpenses_i01_pn3n3_zrOVDdKREE6e" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Other income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,358</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1395">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,358</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--AdministrativeExpenses_i01N_pn3n3_di_z6ixrEcVyHXc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Administration expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11,869</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">173</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11,696</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_eifrs-full--AdjustmentsForSharebasedPayments_i01N_pn3n3_di_z8ZVSx275nC5" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Share-based payment expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,562</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1403">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,562</td><td style="text-align: left">)</td></tr> <tr id="xdx_409_eifrs-full--ImpairmentLoss_i01N_pn3n3_di_z1I64p4dGv4h" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Impairment expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,060</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,062</td><td style="text-align: left">)</td></tr> <tr id="xdx_409_eifrs-full--OtherGainsLosses_i01T_pn3n3_z69B8A76Qrya" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Operating loss</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(7,898</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(884</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(8,782</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_40A_eifrs-full--FinanceIncomeCost_i01_pn3n3_zjD2yf6l4uua" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Finance income / (costs)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,243</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,126</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(883</td><td style="text-align: left">)</td></tr> <tr id="xdx_404_ecustom--InterestPayableAndSimilarExpense_i01_pn3n3_zy56hyrAl149" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Interest payable and similar expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1419">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_ecustom--DerivativeFinancialInstrumentsAtFVTPL_i01N_pn3n3_di_zN5xRRMUQKzh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Derivative financial instruments at FVTPL</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,392</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1423">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,392</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--NetFinanceIncomeCosts_i01_pn3n3_zGsRXz0rLZbc" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Net finance income / (costs)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,611</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,126</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,485</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_i01_pn3n3_zylCMCUAMFfe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Profit on deconsolidation due to insolvency</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,225</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1431">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,225</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--ProfitLossBeforeTax_iT_pn3n3_zBk2GSnlcoL1" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Loss before tax</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,062</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,010</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5,072</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eifrs-full--IncomeTaxExpenseContinuingOperations_iN_pn3n3_di_zoSZo47EY5uc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Income tax credit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">110</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(18</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">92</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--ProfitLoss_iT_pn3n3_zZCz3MY7iiQh" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Loss for the year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(952</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(4,028</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(4,980</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_40D_eifrs-full--OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_pn3n3_zFlshEpRV9Jh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Other comprehensive income: exchange differences on translating foreign operations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1446">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,289</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,289</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eifrs-full--ComprehensiveIncome_pn3n3_zERZDt1VvSUk" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Total comprehensive loss for the year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(952</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(6,317</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(7,269</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_40F_eifrs-full--ProfitLossAttributableToOwnersOfParent_pn3n3_zt5lbyfXKb21" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Loss attributable to owners of the parent</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,694</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,412</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,106</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eifrs-full--ProfitLossAttributableToNoncontrollingInterests_iN_pn3n3_di_zCksYBzLQOAc" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">(Loss) / profit attributable to non-controlling interests</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">742</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,616</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(874</td><td style="text-align: left">)</td></tr> <tr id="xdx_404_eifrs-full--ComprehensiveIncomeAttributableToOwnersOfParent_pn3n3_zf1XpLIJmCB7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Total comprehensive loss attributable to owners of the parent</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,694</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,059</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5,753</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_eifrs-full--ComprehensiveIncomeAttributableToNoncontrollingInterests_iN_pn3n3_di_zqk1Qkif9k5d" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Total comprehensive (loss) / income attributable to non-controlling interests</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">742</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,258</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,516</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Basic and diluted loss per share (€)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eifrs-full--BasicEarningsLossPerShare_pid_uEURPShares_c20250101__20251231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_zawYXkLMSzB4" title="Basic loss per shares"><span id="xdx_902_eifrs-full--DilutedEarningsLossPerShare_pid_uEURPShares_c20250101__20251231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_zwoW1G8LDAV7" title="Diluted loss per shares">(1.27</span></span></td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eifrs-full--BasicEarningsLossPerShare_pid_uEURPShares_c20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zhJKuNuFtCGf" title="Basic loss per shares"><span id="xdx_90E_eifrs-full--DilutedEarningsLossPerShare_pid_uEURPShares_c20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zBZC4lEwbqq8" title="Diluted loss per shares">(1.80</span></span></td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eifrs-full--BasicEarningsLossPerShare_pid_uEURPShares_c20250101__20251231__srt--RestatementAxis__ifrs-full--RestatedMember_zcKo1btFKvNf" title="Basic loss per shares"><span id="xdx_909_eifrs-full--DilutedEarningsLossPerShare_pid_uEURPShares_c20250101__20251231__srt--RestatementAxis__ifrs-full--RestatedMember_znvCnUR6UQH5" title="Diluted loss per shares">(3.07</span></span></td><td style="text-align: left">)</td></tr> </table> <p id="xdx_8A3_zDcC6JFCIgKg" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amounts are rounded to the nearest thousand. The adjustments to cost of sales and administration expenses include rounding differences of €<span id="xdx_904_ecustom--AdjustmentsToCostOfSales_pn3n3_c20250101__20251231_zD6gQIjFMGJe" title="Adjustments to cost of sales">1</span>k and €<span id="xdx_908_ecustom--AdjustmentsToAdministrationExpenses_pn3n3_c20250101__20251231_z8f6Ci5BwCYd" title="Adjustments to administration expenses">2</span>k respectively. The operating loss as previously reported did not include the impairment expense of €<span id="xdx_905_eifrs-full--ImpairmentLoss_pn3n3_c20250101__20251231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_zXlJyX9V0GFl" title="Impairment expense">2</span>k.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p id="xdx_89F_ecustom--DisclosureOfDetailedInformationAboutImpactOnConsolidatedStatementOfFinancialPositionExplanatory_gL3DODIAIOCSO-XHO_zEZrkDtVUaE6" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Impact on consolidated statement of financial position as at 31 December 2025</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span><span id="xdx_8B3_zX3iC0D9lY8d" style="display: none">Schedule of impact on consolidated statement of financial position</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">€’000</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20251231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_zK2DKnFzkItl" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As previously reported</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20251231__srt--RestatementAxis__ifrs-full--RestatedMember_zw4vmx507h8k" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_400_eifrs-full--IntangibleAssetsOtherThanGoodwill_i01I_pn3n3_z6kznM2iLADb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: justify">Intangible assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">21,522</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eifrs-full--IntangibleAssetsOtherThanGoodwill_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zRb66Z3MP55l" style="width: 14%; text-align: right" title="Intangible assets">(2,226</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">19,296</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--Goodwill_i01I_pn3n3_zFHUa9iupOuf" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Goodwill</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,602</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--Goodwill_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zeWqVPeOH9d9" style="text-align: right" title="Goodwill">(1,743</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,859</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--NoncurrentAssets_i01I_pn3n3_z6yxOehGmiS7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">Total non-current assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">29,612</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_984_eifrs-full--NoncurrentAssets_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zJwoirZ8EQvc" style="font-weight: bold; text-align: right" title="Total non-current assets">(3,969</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">25,643</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--Assets_iI_pn3n3_zhsvrWn6EWCd" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Total assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">36,039</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98D_eifrs-full--Assets_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_znkjYGLVKsq" style="font-weight: bold; text-align: right" title="Total assets">(3,969</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">32,070</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--OtherNoncurrentPayables_i01I_pn3n3_zrjIMnzv69Bb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Other payables – long-term</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,067</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--OtherNoncurrentPayables_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zQWedSMyShne" style="text-align: right" title="Other payables - long-term">(201</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,866</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--NoncurrentLiabilities_i01I_pn3n3_zBackdb8WJAl" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Total non-current liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,348</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NoncurrentLiabilities_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zWuVKJrcjvG1" style="text-align: right" title="Total non-current liabilities">(201</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,147</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Liabilities_i01I_pn3n3_zzYtrelUyUu9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Total liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,534</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--Liabilities_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zSEUo7BdLSzj" style="text-align: right" title="Total liabilities">(201</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,333</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--NetAssetsLiabilities_iI_pn3n3_zwYkTwu03tS" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Net assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">20,505</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--NetAssetsLiabilities_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_z0CToPnXcF8l" style="font-weight: bold; text-align: right" title="Net assets">(3,768</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">16,737</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AF_zrPcGiLUOuMd" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89F_ecustom--DisclosureOfDetailedInformationAboutImpactOnEquityExplanatory_gL3DODIAIOEE-LLNXBF_zC9N1M8BEq45" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Impact on equity as at 31 December 2025</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span><span id="xdx_8B7_z8xHoCLQbVF5" style="display: none">Schedule of detailed information about impact on equity</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">€’000</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20251231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_z2QPhCehpWDg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As previously reported</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_z8cjZsI5QAH8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20251231__srt--RestatementAxis__ifrs-full--RestatedMember_zGI0Jdv1agI2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_406_eifrs-full--SharePremium_iI_pn3n3_z5lgth3okqc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: justify">Share premium</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">240,680</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">1,324</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">242,004</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--OtherReserves_iI_pn3n3_zYvUHopR19uh" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Other equity reserve</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,797</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,802</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,995</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--ForeignCurrencyTranslationReserve_iI_pn3n3_zHtU3MVhxCHd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Foreign currency translation reserve</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1546">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,647</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,647</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eifrs-full--RetainedEarnings_i01I_pn3n3_zfXDxYEd48j2" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Retained earnings and profit and loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(239,816</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,411</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(242,227</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_eifrs-full--NoncontrollingInterests_i01I_pn3n3_zRArd7V0Z3d9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Non-controlling interests</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,343</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">768</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,111</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--Equity_i01TI_pn3n3_zYTPVNyKwKmc" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Total equity</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">20,505</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(3,768</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">16,737</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A2_zmeD0N2tnEyg" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Impact on consolidated statement of cash flows for the year ended 31 December 2025</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The restatement has no effect on net cash flows from investing or financing activities or on cash and cash equivalents. Within cash flows from operating activities, the increase of €<span id="xdx_904_eifrs-full--CashFlowsFromUsedInOperatingActivities_pn3n3_uEUR_c20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zgwGV1J56lx5" title="Cash flow from operating activities">4,028</span>k in the loss for the year is offset by adjustments for impairment losses of €<span id="xdx_902_eifrs-full--AdjustmentsForImpairmentLossesReversalOfImpairmentLossesRecognisedInProfitOrLossFinancialAssets_pn3n3_uEUR_c20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zfkdC0HFVC2i" title="Adjustments for impairment losses">1,060</span>k, finance costs / income of €<span id="xdx_902_eifrs-full--AdjustmentsForFinanceCosts_pn3n3_uEUR_c20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_z0ZwMS3OWW1" title="Adjustments for finance costs / income">3,126</span>k and income tax of €<span id="xdx_902_eifrs-full--AdjustmentsForIncomeTaxExpense_pn3n3_uEUR_c20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zjr9Ogpa6Gw2" title="Adjustments for income tax">18</span>k, less depreciation and amortisation of €<span id="xdx_908_eifrs-full--DepreciationAndAmortisationExpense_pn3n3_uEUR_c20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_ztneDURlats4" title="Depreciation and amortisation">171</span>k and the movement in inventories of €<span id="xdx_90E_eifrs-full--AdjustmentsForDecreaseIncreaseInInventories_pn3n3_uEUR_c20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zv7eIcUB6bFc" title="Inventories">4</span>k. In addition, the adjustment for depreciation and amortisation as previously reported did not include the amortisation of the intangible assets recognised on the acquisition of QIND of €<span id="xdx_90F_eifrs-full--DepreciationAndAmortisationExpense_pn3n3_uEUR_c20250101__20251231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember__ifrs-full--CounterpartiesAxis__custom--QualityIndustrialCorpMember_z67gZjUAQmMc" title="Depreciation and amortisation">2,436</span>k, which was offset within the adjustment for impairment losses on assets. This has been corrected, and the reconciling items within operating activities have been aligned to the restated consolidated statement of profit or loss: depreciation and amortisation is €<span id="xdx_909_eifrs-full--AdjustmentsForDepreciationAndAmortisationExpense_pn3n3_uEUR_c20250101__20251231_z8nsNxbee8td" title="Depreciation and amortisation">2,425</span>k; finance costs are the net finance costs of €<span id="xdx_90C_eifrs-full--AdjustmentsForFinanceIncomeCost_iN_pn3n3_di_uEUR_c20250101__20251231_zmxGj9gucwci" title="Net finance costs">908</span>k, with interest paid of €<span id="xdx_900_eifrs-full--AdjustmentsForDecreaseIncreaseInPrepaidExpenses_iN_pn3n3_di_uEUR_c20250101__20251231_zOyWFxHCtcSg" title="Interest paid">172</span>k presented separately; and impairment losses on assets are €<span id="xdx_900_eifrs-full--AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_pn3n3_uEUR_c20250101__20251231_zlEsjJumZMB7" title="Impairment losses on assets">1,062</span>k, excluding a write-off of US$<span id="xdx_900_ecustom--WriteOff_pn5n6_uUSD_c20250101__20251231__ifrs-full--CounterpartiesAxis__custom--QualityIndustrialCorpMember_zkmtnDIrMC23" title="Write off">3.5 </span>million recognised by QIND in its standalone financial statements that is reversed on consolidation, with the corresponding adjustment within the movement in payables and accruals. An exchange difference of €<span id="xdx_903_eifrs-full--DepreciationAndAmortisationExpense_pn3n3_uEUR_c20250101__20251231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_zXM3tHMaO467" title="Depreciation and amortisation">13</span>k previously included within depreciation and amortisation is presented within the effect of movements in exchange rates on cash held. Net cash used in operating activities is €<span id="xdx_90F_eifrs-full--CashFlowsFromUsedInOperatingActivities_iN_pn3n3_di_uEUR_c20250101__20251231_z3gVno90P4j1" title="Cash flow from operating activities">8,226</span>k (as previously reported: €<span id="xdx_900_eifrs-full--CashFlowsFromUsedInOperatingActivities_iN_pn3n3_di_uEUR_c20250101__20251231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_zmoCqA6v4d55" title="Cash flow from operating activities">8,239</span>k).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notes 3, 4, 6, 8, 9, 11, 13, 15, 16, 26, 27 and 28 have been restated accordingly.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(B) Restatement of comparative information for the year ended 31 December 2024</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the preparation of the consolidated financial statements for the year ended 31 December 2025, the comparative information for the year ended 31 December 2024 has been restated. The restatement reflects two distinct items, each of which is disclosed separately below:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Finalisation of the QIND purchase price allocation - measurement period adjustments (IFRS 3)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group acquired a controlling interest in Quality Industrial Corp. (“QIND”) on 26 November 2024. Provisional amounts were recognised at the acquisition date, as permitted by IFRS 3. During the 12-month measurement period following the acquisition, the Group, with the assistance of an independent valuation specialist, finalised the purchase price allocation. The finalisation resulted in the recognition of acquired intangible assets (customer relationships of €<span id="xdx_90C_eifrs-full--AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_pn5n6_uEUR_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--CustomerrelatedIntangibleAssetsMember_zIZxqC90HiXi" title="Acquired intangible assets">19.4</span>M and trade names of €<span id="xdx_908_eifrs-full--AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_pn5n6_uEUR_c20250101__20251231__ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis__ifrs-full--BrandNamesMember_zjl8k2wiFYJl" title="Acquired intangible assets">4.5</span>M), a corresponding deferred tax liability of €<span id="xdx_909_eifrs-full--DeferredTaxLiabilities_iI_pn5n6_uEUR_c20251231_zCdKE1VSxIAa" title="Deferred tax liability">2.2</span>M, and a consequential reduction in goodwill of €<span id="xdx_907_ecustom--ConsequentialReductionInGoodwill_iI_pn5n6_uEUR_c20251231_zfmmU781l7Ah" title="Consequential reduction in goodwill">12.4</span>M. These adjustments have been applied retrospectively to the acquisition date and accordingly reflected in the restated comparative information at 31 December 2024. These adjustments do not constitute the correction of prior period errors under IAS 8.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Correction of prior period error (IAS 8)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In addition to the measurement period adjustments described above, the preparation of the current year’s consolidated financial statements identified the following errors relating to the year ended 31 December 2024 which have been corrected retrospectively in accordance with IAS 8.42:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fair value remeasurement of derivative financial liabilities - following further review of the valuation of certain convertible notes, associated warrants and related derivative features (including the Jefferson/QIND convertible instruments reclassified on consolidation), a correction was required to the fair value remeasurement of these instruments at 31 December 2024. The correction resulted in an increase in the derivative financial liability balance of €<span id="xdx_903_eifrs-full--DerivativeFinancialLiabilities_iI_pn3n3_uEUR_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zefRkPYExM95" title="Derivative financial liability">234</span>k, a corresponding charge to derivative financial instrument movements within profit or loss of €<span id="xdx_900_eifrs-full--AdjustmentsForIncreaseDecreaseInDerivativeFinancialLiabilities_pn3n3_uEUR_c20240101__20241231__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zqYXIcBB4jzg" title="Derivative financial instrument">165</span>k, a reclassification of €<span id="xdx_90E_eifrs-full--ShorttermBorrowings_iI_pn3n3_uEUR_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_z3f2huIqZ5v5" title="Loans and borrowings">64</span>k from loans and borrowings, and an adjustment of €<span id="xdx_901_eifrs-full--ReserveOfEquityComponentOfConvertibleInstruments_iI_pn3n3_uEUR_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zlW3oDGjPtjh" title="Convertible note reserve">5</span>k to the convertible note reserve.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gain on deconsolidation of Hanoi Asset Management - following further review of the net liabilities derecognised on the deconsolidation of Hanoi Asset Management in December 2024, together with related consolidation adjustments and intercompany write-offs, it was identified that the gain on deconsolidation recognised in the 2024 financial statements was overstated by approximately €<span id="xdx_90B_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_pn3n3_uEUR_c20240101__20241231__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zhHeIIDv3K1l" title="Gain on deconsolidation">873</span>k. The previously reported gain of €<span id="xdx_909_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_iN_pn3n3_di_uEUR_c20240101__20241231__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--PreviouslyStatedMember_zP9yblE7snmd" title="Gain on deconsolidation">2,719</span>k has been restated to €<span id="xdx_908_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_pn3n3_uEUR_c20240101__20241231_zlE91O8zVt96" title="Gain on deconsolidation">1,846</span>k.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other balance corrections - the Group identified a number of immaterial expense accruals, balance adjustments and reclassifications relating to the year ended 31 December 2024 that were not reflected in the financial statements as originally issued. In aggregate, these corrections totalled approximately €<span id="xdx_906_ecustom--AggregateCorrectionsTotal_pn3n3_uEUR_c20250101__20251231_zSFs1ZjJcIM6" title="Aggregate corrections total">260</span>k and have been reflected in the restated comparative information.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The restatement has no impact on the opening statement of financial position as at 1 January 2024, as the underlying matters arose during the year ended 31 December 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span id="xdx_C06_gL3DODIAIOCSO-CCWQR_zC7QqDxF11te"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <div id="xdx_C06_gL3DODIAIOCSO-CCWQR_zKLHbF5uX5T4"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Impact on consolidated statement of profit or loss for the year ended 31 December 2024</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <table cellpadding="0" cellspacing="0" id="xdx_30C_134_pn3n3_zGKYh5QYwPs6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Schedule of impact on consolidated statement of profit or loss (Details)"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">€’000</span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_497_20240101__20241231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_zhoKpkdTOvQa" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif">As</span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif">previously reported</span></p></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_499_20240101__20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zF4CceowNXY9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Adjustment</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_491_20240101__20241231__srt--RestatementAxis__ifrs-full--RestatedMember_zoDXB5wYqwHg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Restated</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_eifrs-full--Revenue_pn3n3_z5BUKtYsR8fa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Revenue</span></td><td style="width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 14%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,605</span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 14%; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1617">-</span></span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 14%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,605</span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eifrs-full--CostOfSales_iN_pn3n3_di_zWr8nqedMz1l" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Cost of sales</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(1,168</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1621">-</span></span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(1,168</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40E_eifrs-full--GrossProfit_iT_pn3n3_zMlXxbNCibYb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Gross profit</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">437</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1625">-</span></span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">437</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_ecustom--OtherIncomeExpenses_i01_pn3n3_zSANeHfvAEd3" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Other income / (expenses)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">881</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1629">-</span></span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">881</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_eifrs-full--AdministrativeExpense_i01N_pn3n3_di_zG3nspTKxuj3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Administration expenses</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(15,873</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(587</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(16,460</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40E_eifrs-full--AdjustmentsForSharebasedPayments_i01N_pn3n3_di_zsmRbqLYz4nk" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Share-based payments expense</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(2,189</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1637">-</span></span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(2,189</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_409_eifrs-full--OtherGainsLosses_i01T_pn3n3_z9YLvdsvtxRa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Operating expenses</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(17,181</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(586</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(17,767</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40F_ecustom--OperatingLossBeforeInterest_i01_pn3n3_zMjSP0C2ZyRk" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Operating loss before interest</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(16,744</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(586</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(17,330</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40A_eifrs-full--FinanceIncomeCost_i01_pn3n3_zNUqeGLPpNh1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Finance income / (costs)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">223</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">70</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">293</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_ecustom--InterestPayableAndSimilarExpense_i01_pn3n3_zPGI7GEI5MQ6" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Interest payable and similar expense</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(531</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">6</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(525</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40A_ecustom--DerivativeFinancialInstrumentsAtFVTPL_i01N_pn3n3_di_zHSPCXAsUex9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">Derivative financial instruments movements</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">627</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(165</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">462</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_eifrs-full--AdjustmentsForFinanceIncomeCost_i01T_pn3n3_zGd29pyPUUNe" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Net finance income / (costs)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">319</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(89</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">230</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_i01_pn3n3_zskLn5u8zf13" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Profit / (loss) on deconsolidation due to insolvency</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">2,719</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(873</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,846</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_eifrs-full--ProfitLossBeforeTax_iT_pn3n3_zwcZIqdzEhM4" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Loss before tax</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(13,706</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(1,548</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(15,254</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40C_eifrs-full--IncomeTaxExpenseContinuingOperations_iN_pn3n3_di_zeS48ZGJhVMk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Income tax expense</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(25</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1673">-</span></span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(25</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_409_eifrs-full--ProfitLoss_iT_pn3n3_zyxghAbAMRTe" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Net loss for the year</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(13,731</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(1,548</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(15,279</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> </table> </div><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span id="xdx_C09_gL3DODIAIOCSO-CCWQR_z69XKUeUArCe"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span id="xdx_C01_gL3DODIAIOCSO-XHO_zJpR1p1iIsX2"> </span></p> <div id="xdx_C04_gL3DODIAIOCSO-XHO_z1D9YvlDTHN5"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Impact on consolidated statement of financial position as at 31 December 2024</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <table cellpadding="0" cellspacing="0" id="xdx_300_134_pn3n3_zBZEIUfL6Ac2" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in" summary="xdx: Disclosure - Schedule of impact on consolidated statement of financial position (Details)"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: justify">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_498_20241231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_zLGPI0GuO6H5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As previously reported</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_498_20241231__srt--RestatementAxis__ifrs-full--RestatedMember_zuc5ddkE2dNe" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40D_eifrs-full--PropertyPlantAndEquipment_i01I_zNf1lJTPBtid" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Property, plant and equipment</span></td><td style="font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">307</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_982_eifrs-full--PropertyPlantAndEquipment_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zOH0oXDf8JKj" style="font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Property, plant and equipment"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1683">-</span></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">307</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_40F_eifrs-full--Goodwill_i01I_zO2KAohtUs0c" style="vertical-align: bottom; background-color: White"> <td style="width: 46%; text-align: justify">Goodwill</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">18,990</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_eifrs-full--Goodwill_i01I_pn3n3_di_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_ztVSzrlS95c" style="width: 14%; text-align: right" title="Goodwill">(12,388</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">6,602</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--CustomerRelationships_iI_zraS3byUz6De" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Customer relationships</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1690">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--CustomerRelationships_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_ztgajf0GArnh" style="text-align: right" title="Customer relationships">19,429</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,429</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--BrandNames_iI_zQRiyzM6plj7" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Trade names</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1695">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--BrandNames_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zz5Jxs7YWrGg" style="text-align: right" title="Trade names">4,529</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,529</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--NoncurrentReceivablesDueFromRelatedParties_i01I_zrkiduxnPGS8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Related party receivables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,827</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NoncurrentReceivablesDueFromRelatedParties_i01I_pn3n3_di_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_z09xD5mIyTmk" style="text-align: right" title="Related party receivables">(1,827</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1701">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--NoncurrentAssets_i01TI_zs85vf3g35V5" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Total non-current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">21,124</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--NoncurrentAssets_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zvLEHjxpHLHj" style="text-align: right" title="Total non-current assets">9,743</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">30,867</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--Inventories_i01I_zuKtdz4FxSx9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Inventory</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,130</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--Inventories_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zWXjbZ9slRJb" style="text-align: right" title="Inventory">61</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,191</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--OtherCurrentAssets_i01I_zerK9Eipk3M3" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Other current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,846</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--OtherCurrentAssets_i01I_pn3n3_di_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zKVD5RodALbd" style="text-align: right" title="Other current assets">(1,846</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1716">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_405_ecustom--CurrentAsset_i01I_zQ78J4VHhPY4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Total current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,002</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--CurrentAsset_i01I_pn3n3_di_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zAMGaxKiK4Wk" style="text-align: right" title="Total current assets">(1,791</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,211</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--Assets_iTI_zKzoQJqOinY2" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Total assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">28,126</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--Assets_i01TI_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zOaNpKcPpQH" style="text-align: right" title="Total assets">7,952</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">36,078</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--OtherNoncurrentPayables_i01I_zKkiEqLFzOif" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other payables – long-term</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,260</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--OtherNoncurrentPayables_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zqTXN9PoWBE2" style="text-align: right" title="Other payables - long-term">2,198</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,458</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--NoncurrentLiabilities_i01TI_z9GQf5Sy5Lc5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total non-current liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,415</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NoncurrentLiabilities_i01TI_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zPrK0qdJhSl3" style="text-align: right" title="Total non-current liabilities">2,198</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,614</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--TradeAndOtherCurrentPayables_i01I_zV6kHLZyQs8l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Trade and other payables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,133</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--TradeAndOtherCurrentPayables_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zX39n1uIIjf9" style="text-align: right" title="Trade and other payables">1,047</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,180</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--CurrentLiabilities_i01TI_zHVwjqJz7EI6" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Total current liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,011</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--CurrentLiabilities_i01TI_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zN6zcrDiaiE" style="text-align: right" title="Total current liabilities">1,217</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,228</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--Liabilities_i01TI_zqJUnFLamqWj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Total liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">17,426</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--Liabilities_i01TI_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zhTKRnOtw0k9" style="text-align: right" title="Total liabilities">3,415</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,841</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--NetAssetsLiabilities_iTI_zVaWHwJJwuCa" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Net assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,699</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NetAssetsLiabilities_i01TI_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zf1Mo7dB2cs5" style="text-align: right" title="Net assets">4,537</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,236</td><td style="text-align: left"> </td></tr> </table> </div><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span id="xdx_C06_gL3DODIAIOCSO-XHO_z12sdlhNnL2h"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span id="xdx_C08_gL3DODIAIOEE-LLNXBF_zdZlmyvnMjza"><span> </span></span></p> <div id="xdx_C08_gL3DODIAIOEE-LLNXBF_zCNEhrPuO827"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Impact on equity as at 31 December 2024</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <table cellpadding="0" cellspacing="0" id="xdx_300_134_pn3n3_zuRcm44yRUUe" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in" summary="xdx: Disclosure - Schedule of detailed information about impact on equity (Details)"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: justify">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_499_20241231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_zj9jOCcuQRo6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As previously reported</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_49D_20241231__srt--RestatementAxis__ifrs-full--RestatedMember_z9Dqzb7MLbUa" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_401_eifrs-full--ReserveOfEquityComponentOfConvertibleInstruments_i01I_pn3n3_zJuoZLQzVkT9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: justify">Convertible note reserve</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">29</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eifrs-full--ReserveOfEquityComponentOfConvertibleInstruments_iI_pn3n3_di_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zed51rEVVG1l" style="width: 14%; text-align: right" title="Convertible note reserve">(5</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">24</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--RetainedEarnings_i01I_pn3n3_z63mJjKgRqyg" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Retained earnings and profit and loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(236,436</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--RetainedEarnings_iI_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zQT5hX5UOSE9" style="text-align: right" title="Retained earnings and profit and loss">(1,549</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(237,985</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_eifrs-full--NoncontrollingInterests_i01I_pn3n3_zndBtdoQSrXf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Non-controlling interests</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,091</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--NoncontrollingInterests_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zlvBSVkdkZl6" style="text-align: right" title="Non-controlling interests">6,090</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,999</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--Equity_i01TI_pn3n3_zUwfMTqYtyNg" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Total equity</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,699</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--Equity_i01TI_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_ztOBaJhpyT9a" style="text-align: right" title="Total equity">4,537</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,236</td><td style="text-align: left"> </td></tr> </table> </div><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span id="xdx_C0A_gL3DODIAIOEE-LLNXBF_zeRhYiFRvH84"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">No restatement was required to the opening statement of financial position as at 1 January 2024.</span></p> 1060000 171000 4000 18000 1944000 453000 683000 4 219000 2866000 3126000 1324000 11000 399000 798000 416000 115000 therefore a loss of €2,289k (a gain of €3,126k under (d), less €2,866k under (c), €1,335k under (d)(i), €798k under (d)(ii) and €416k under (d)(iii)), of which €1,647k is attributable to owners of the parent and accumulated in the foreign currency translation reserve and €642k is attributable to non-controlling interests (€115k under (d)(iv) and €527k under (e) below). 98300000 0.6704 52400000 including the amortisation of the fair value adjustments arising on the acquisition net of deferred tax, is a loss of €1,616k, and their share of other comprehensive income is a loss of €527k, each based on their time-weighted interest during the year. Non-controlling interests have been adjusted to their proportionate share of QIND’s net assets at 31 December 2025, an increase of €2,229k recognised in equity against the other equity reserve in accordance with IFRS 10.23, of which €681k relates to the position at 31 December 2024. The loss attributable to owners of the parent decreases by €1,616k. Non-controlling interests increase by €86k, with a corresponding decrease in equity attributable to owners of the parent. <p id="xdx_896_ecustom--DisclosureOfDetailedInformationAboutImpactOnConsolidatedStatementOfProfitOrLossExplanatory_gL3DODIAIOCSO-CCWQR_zVUyRGmdhwP8" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Impact on consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 2025</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span><span id="xdx_8B4_zg3h0UeWhBYf" style="display: none">Schedule of impact on consolidated statement of profit or loss</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">€’000</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20250101__20251231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_z3p8s9PfIE89" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As previously reported</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_z8vCt0g4lb7j" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250101__20251231__srt--RestatementAxis__ifrs-full--RestatedMember_zzafrh4Eyd07" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_409_eifrs-full--Revenue_pn3n3_zDpPiOAvThmg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: justify">Revenue</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">14,415</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1383">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">14,415</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_ecustom--CostOfSale_iN_pn3n3_di_z84CI8Mge7s2" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Cost of sales</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,240</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,235</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_eifrs-full--GrossProfit_iT_pn3n3_z5DpzO9YIGq4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Gross profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,175</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,180</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--OtherIncomeExpenses_i01_pn3n3_zrOVDdKREE6e" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Other income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,358</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1395">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,358</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--AdministrativeExpenses_i01N_pn3n3_di_z6ixrEcVyHXc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Administration expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11,869</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">173</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11,696</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_eifrs-full--AdjustmentsForSharebasedPayments_i01N_pn3n3_di_z8ZVSx275nC5" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Share-based payment expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,562</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1403">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,562</td><td style="text-align: left">)</td></tr> <tr id="xdx_409_eifrs-full--ImpairmentLoss_i01N_pn3n3_di_z1I64p4dGv4h" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Impairment expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,060</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,062</td><td style="text-align: left">)</td></tr> <tr id="xdx_409_eifrs-full--OtherGainsLosses_i01T_pn3n3_z69B8A76Qrya" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Operating loss</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(7,898</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(884</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(8,782</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_40A_eifrs-full--FinanceIncomeCost_i01_pn3n3_zjD2yf6l4uua" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Finance income / (costs)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,243</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,126</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(883</td><td style="text-align: left">)</td></tr> <tr id="xdx_404_ecustom--InterestPayableAndSimilarExpense_i01_pn3n3_zy56hyrAl149" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Interest payable and similar expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1419">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_ecustom--DerivativeFinancialInstrumentsAtFVTPL_i01N_pn3n3_di_zN5xRRMUQKzh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Derivative financial instruments at FVTPL</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,392</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1423">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,392</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--NetFinanceIncomeCosts_i01_pn3n3_zGsRXz0rLZbc" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Net finance income / (costs)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,611</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,126</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,485</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_i01_pn3n3_zylCMCUAMFfe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Profit on deconsolidation due to insolvency</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,225</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1431">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,225</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--ProfitLossBeforeTax_iT_pn3n3_zBk2GSnlcoL1" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Loss before tax</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,062</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,010</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5,072</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eifrs-full--IncomeTaxExpenseContinuingOperations_iN_pn3n3_di_zoSZo47EY5uc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Income tax credit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">110</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(18</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">92</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--ProfitLoss_iT_pn3n3_zZCz3MY7iiQh" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Loss for the year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(952</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(4,028</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(4,980</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_40D_eifrs-full--OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_pn3n3_zFlshEpRV9Jh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Other comprehensive income: exchange differences on translating foreign operations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1446">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,289</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,289</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eifrs-full--ComprehensiveIncome_pn3n3_zERZDt1VvSUk" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Total comprehensive loss for the year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(952</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(6,317</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(7,269</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_40F_eifrs-full--ProfitLossAttributableToOwnersOfParent_pn3n3_zt5lbyfXKb21" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Loss attributable to owners of the parent</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,694</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,412</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,106</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eifrs-full--ProfitLossAttributableToNoncontrollingInterests_iN_pn3n3_di_zCksYBzLQOAc" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">(Loss) / profit attributable to non-controlling interests</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">742</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,616</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(874</td><td style="text-align: left">)</td></tr> <tr id="xdx_404_eifrs-full--ComprehensiveIncomeAttributableToOwnersOfParent_pn3n3_zf1XpLIJmCB7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Total comprehensive loss attributable to owners of the parent</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,694</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,059</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5,753</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_eifrs-full--ComprehensiveIncomeAttributableToNoncontrollingInterests_iN_pn3n3_di_zqk1Qkif9k5d" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Total comprehensive (loss) / income attributable to non-controlling interests</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">742</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,258</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,516</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Basic and diluted loss per share (€)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eifrs-full--BasicEarningsLossPerShare_pid_uEURPShares_c20250101__20251231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_zawYXkLMSzB4" title="Basic loss per shares"><span id="xdx_902_eifrs-full--DilutedEarningsLossPerShare_pid_uEURPShares_c20250101__20251231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_zwoW1G8LDAV7" title="Diluted loss per shares">(1.27</span></span></td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eifrs-full--BasicEarningsLossPerShare_pid_uEURPShares_c20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zhJKuNuFtCGf" title="Basic loss per shares"><span id="xdx_90E_eifrs-full--DilutedEarningsLossPerShare_pid_uEURPShares_c20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zBZC4lEwbqq8" title="Diluted loss per shares">(1.80</span></span></td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eifrs-full--BasicEarningsLossPerShare_pid_uEURPShares_c20250101__20251231__srt--RestatementAxis__ifrs-full--RestatedMember_zcKo1btFKvNf" title="Basic loss per shares"><span id="xdx_909_eifrs-full--DilutedEarningsLossPerShare_pid_uEURPShares_c20250101__20251231__srt--RestatementAxis__ifrs-full--RestatedMember_znvCnUR6UQH5" title="Diluted loss per shares">(3.07</span></span></td><td style="text-align: left">)</td></tr> </table> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Impact on consolidated statement of profit or loss for the year ended 31 December 2024</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <table cellpadding="0" cellspacing="0" id="xdx_30C_134_pn3n3_zGKYh5QYwPs6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Schedule of impact on consolidated statement of profit or loss (Details)"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">€’000</span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_497_20240101__20241231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_zhoKpkdTOvQa" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif">As</span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif">previously reported</span></p></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_499_20240101__20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zF4CceowNXY9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Adjustment</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_491_20240101__20241231__srt--RestatementAxis__ifrs-full--RestatedMember_zoDXB5wYqwHg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Restated</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_eifrs-full--Revenue_pn3n3_z5BUKtYsR8fa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Revenue</span></td><td style="width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 14%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,605</span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 14%; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1617">-</span></span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 14%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,605</span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eifrs-full--CostOfSales_iN_pn3n3_di_zWr8nqedMz1l" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Cost of sales</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(1,168</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1621">-</span></span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(1,168</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40E_eifrs-full--GrossProfit_iT_pn3n3_zMlXxbNCibYb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Gross profit</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">437</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1625">-</span></span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">437</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40C_ecustom--OtherIncomeExpenses_i01_pn3n3_zSANeHfvAEd3" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Other income / (expenses)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">881</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1629">-</span></span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">881</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_eifrs-full--AdministrativeExpense_i01N_pn3n3_di_zG3nspTKxuj3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Administration expenses</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(15,873</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(587</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(16,460</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40E_eifrs-full--AdjustmentsForSharebasedPayments_i01N_pn3n3_di_zsmRbqLYz4nk" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Share-based payments expense</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(2,189</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1637">-</span></span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(2,189</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_409_eifrs-full--OtherGainsLosses_i01T_pn3n3_z9YLvdsvtxRa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Operating expenses</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(17,181</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(586</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(17,767</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40F_ecustom--OperatingLossBeforeInterest_i01_pn3n3_zMjSP0C2ZyRk" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Operating loss before interest</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(16,744</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(586</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(17,330</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40A_eifrs-full--FinanceIncomeCost_i01_pn3n3_zNUqeGLPpNh1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Finance income / (costs)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">223</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">70</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">293</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_ecustom--InterestPayableAndSimilarExpense_i01_pn3n3_zPGI7GEI5MQ6" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Interest payable and similar expense</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(531</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">6</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(525</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40A_ecustom--DerivativeFinancialInstrumentsAtFVTPL_i01N_pn3n3_di_zHSPCXAsUex9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">Derivative financial instruments movements</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">627</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(165</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">462</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_eifrs-full--AdjustmentsForFinanceIncomeCost_i01T_pn3n3_zGd29pyPUUNe" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Net finance income / (costs)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">319</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(89</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">230</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_i01_pn3n3_zskLn5u8zf13" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Profit / (loss) on deconsolidation due to insolvency</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">2,719</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(873</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,846</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_eifrs-full--ProfitLossBeforeTax_iT_pn3n3_zwcZIqdzEhM4" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Loss before tax</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(13,706</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(1,548</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(15,254</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40C_eifrs-full--IncomeTaxExpenseContinuingOperations_iN_pn3n3_di_zeS48ZGJhVMk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Income tax expense</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(25</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1673">-</span></span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(25</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_409_eifrs-full--ProfitLoss_iT_pn3n3_zyxghAbAMRTe" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Net loss for the year</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(13,731</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(1,548</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(15,279</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> </table> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span> 14415000 14415000 10240000 -5000 10235000 4175000 5000 4180000 1358000 1358000 11869000 -173000 11696000 1562000 1562000 2000 1060000 1062000 -7898000 -884000 -8782000 2243000 -3126000 -883000 -24000 -24000 -3392000 -3392000 5611000 -3126000 2485000 1225000 1225000 -1062000 -4010000 -5072000 -110000 18000 -92000 -952000 -4028000 -4980000 -2289000 -2289000 -952000 -6317000 -7269000 -1694000 -2412000 -4106000 -742000 1616000 874000 -1694000 -4059000 -5753000 -742000 2258000 1516000 -1.27 -1.27 -1.80 -1.80 -3.07 -3.07 1000 2000 2000 <p id="xdx_89F_ecustom--DisclosureOfDetailedInformationAboutImpactOnConsolidatedStatementOfFinancialPositionExplanatory_gL3DODIAIOCSO-XHO_zEZrkDtVUaE6" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Impact on consolidated statement of financial position as at 31 December 2025</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span><span id="xdx_8B3_zX3iC0D9lY8d" style="display: none">Schedule of impact on consolidated statement of financial position</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">€’000</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20251231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_zK2DKnFzkItl" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As previously reported</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20251231__srt--RestatementAxis__ifrs-full--RestatedMember_zw4vmx507h8k" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_400_eifrs-full--IntangibleAssetsOtherThanGoodwill_i01I_pn3n3_z6kznM2iLADb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: justify">Intangible assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">21,522</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eifrs-full--IntangibleAssetsOtherThanGoodwill_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zRb66Z3MP55l" style="width: 14%; text-align: right" title="Intangible assets">(2,226</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">19,296</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--Goodwill_i01I_pn3n3_zFHUa9iupOuf" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Goodwill</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,602</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--Goodwill_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zeWqVPeOH9d9" style="text-align: right" title="Goodwill">(1,743</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,859</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--NoncurrentAssets_i01I_pn3n3_z6yxOehGmiS7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">Total non-current assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">29,612</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_984_eifrs-full--NoncurrentAssets_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zJwoirZ8EQvc" style="font-weight: bold; text-align: right" title="Total non-current assets">(3,969</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">25,643</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--Assets_iI_pn3n3_zhsvrWn6EWCd" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Total assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">36,039</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98D_eifrs-full--Assets_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_znkjYGLVKsq" style="font-weight: bold; text-align: right" title="Total assets">(3,969</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">32,070</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--OtherNoncurrentPayables_i01I_pn3n3_zrjIMnzv69Bb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Other payables – long-term</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,067</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--OtherNoncurrentPayables_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zQWedSMyShne" style="text-align: right" title="Other payables - long-term">(201</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,866</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--NoncurrentLiabilities_i01I_pn3n3_zBackdb8WJAl" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Total non-current liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,348</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NoncurrentLiabilities_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zWuVKJrcjvG1" style="text-align: right" title="Total non-current liabilities">(201</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,147</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Liabilities_i01I_pn3n3_zzYtrelUyUu9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Total liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,534</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--Liabilities_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zSEUo7BdLSzj" style="text-align: right" title="Total liabilities">(201</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,333</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--NetAssetsLiabilities_iI_pn3n3_zwYkTwu03tS" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Net assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">20,505</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--NetAssetsLiabilities_i01I_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_z0CToPnXcF8l" style="font-weight: bold; text-align: right" title="Net assets">(3,768</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">16,737</td><td style="font-weight: bold; text-align: left"> </td></tr> </table>  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Impact on consolidated statement of financial position as at 31 December 2024</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <table cellpadding="0" cellspacing="0" id="xdx_300_134_pn3n3_zBZEIUfL6Ac2" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in" summary="xdx: Disclosure - Schedule of impact on consolidated statement of financial position (Details)"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: justify">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_498_20241231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_zLGPI0GuO6H5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As previously reported</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_498_20241231__srt--RestatementAxis__ifrs-full--RestatedMember_zuc5ddkE2dNe" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40D_eifrs-full--PropertyPlantAndEquipment_i01I_zNf1lJTPBtid" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Property, plant and equipment</span></td><td style="font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">307</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_982_eifrs-full--PropertyPlantAndEquipment_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zOH0oXDf8JKj" style="font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Property, plant and equipment"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1683">-</span></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">307</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_40F_eifrs-full--Goodwill_i01I_zO2KAohtUs0c" style="vertical-align: bottom; background-color: White"> <td style="width: 46%; text-align: justify">Goodwill</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">18,990</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_eifrs-full--Goodwill_i01I_pn3n3_di_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_ztVSzrlS95c" style="width: 14%; text-align: right" title="Goodwill">(12,388</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">6,602</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--CustomerRelationships_iI_zraS3byUz6De" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Customer relationships</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1690">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--CustomerRelationships_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_ztgajf0GArnh" style="text-align: right" title="Customer relationships">19,429</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,429</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--BrandNames_iI_zQRiyzM6plj7" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Trade names</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1695">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--BrandNames_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zz5Jxs7YWrGg" style="text-align: right" title="Trade names">4,529</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,529</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--NoncurrentReceivablesDueFromRelatedParties_i01I_zrkiduxnPGS8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Related party receivables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,827</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NoncurrentReceivablesDueFromRelatedParties_i01I_pn3n3_di_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_z09xD5mIyTmk" style="text-align: right" title="Related party receivables">(1,827</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1701">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--NoncurrentAssets_i01TI_zs85vf3g35V5" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Total non-current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">21,124</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--NoncurrentAssets_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zvLEHjxpHLHj" style="text-align: right" title="Total non-current assets">9,743</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">30,867</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--Inventories_i01I_zuKtdz4FxSx9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Inventory</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,130</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--Inventories_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zWXjbZ9slRJb" style="text-align: right" title="Inventory">61</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,191</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--OtherCurrentAssets_i01I_zerK9Eipk3M3" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Other current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,846</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--OtherCurrentAssets_i01I_pn3n3_di_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zKVD5RodALbd" style="text-align: right" title="Other current assets">(1,846</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1716">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_405_ecustom--CurrentAsset_i01I_zQ78J4VHhPY4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Total current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,002</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--CurrentAsset_i01I_pn3n3_di_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zAMGaxKiK4Wk" style="text-align: right" title="Total current assets">(1,791</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,211</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--Assets_iTI_zKzoQJqOinY2" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Total assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">28,126</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--Assets_i01TI_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zOaNpKcPpQH" style="text-align: right" title="Total assets">7,952</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">36,078</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--OtherNoncurrentPayables_i01I_zKkiEqLFzOif" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other payables – long-term</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,260</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--OtherNoncurrentPayables_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zqTXN9PoWBE2" style="text-align: right" title="Other payables - long-term">2,198</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,458</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--NoncurrentLiabilities_i01TI_z9GQf5Sy5Lc5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total non-current liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,415</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NoncurrentLiabilities_i01TI_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zPrK0qdJhSl3" style="text-align: right" title="Total non-current liabilities">2,198</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,614</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--TradeAndOtherCurrentPayables_i01I_zV6kHLZyQs8l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Trade and other payables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,133</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--TradeAndOtherCurrentPayables_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zX39n1uIIjf9" style="text-align: right" title="Trade and other payables">1,047</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,180</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--CurrentLiabilities_i01TI_zHVwjqJz7EI6" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Total current liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,011</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--CurrentLiabilities_i01TI_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zN6zcrDiaiE" style="text-align: right" title="Total current liabilities">1,217</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,228</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--Liabilities_i01TI_zqJUnFLamqWj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Total liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">17,426</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--Liabilities_i01TI_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zhTKRnOtw0k9" style="text-align: right" title="Total liabilities">3,415</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,841</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--NetAssetsLiabilities_iTI_zVaWHwJJwuCa" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Net assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,699</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NetAssetsLiabilities_i01TI_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zf1Mo7dB2cs5" style="text-align: right" title="Net assets">4,537</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,236</td><td style="text-align: left"> </td></tr> </table> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span> 21522000 2226000 19296000 6602000 1743000 4859000 29612000 3969000 25643000 36039000 3969000 32070000 3067000 201000 2866000 3348000 201000 3147000 15534000 201000 15333000 20505000 3768000 16737000 <p id="xdx_89F_ecustom--DisclosureOfDetailedInformationAboutImpactOnEquityExplanatory_gL3DODIAIOEE-LLNXBF_zC9N1M8BEq45" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Impact on equity as at 31 December 2025</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span><span id="xdx_8B7_z8xHoCLQbVF5" style="display: none">Schedule of detailed information about impact on equity</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">€’000</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20251231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_z2QPhCehpWDg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As previously reported</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_z8cjZsI5QAH8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20251231__srt--RestatementAxis__ifrs-full--RestatedMember_zGI0Jdv1agI2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_406_eifrs-full--SharePremium_iI_pn3n3_z5lgth3okqc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: justify">Share premium</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">240,680</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">1,324</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">242,004</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--OtherReserves_iI_pn3n3_zYvUHopR19uh" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Other equity reserve</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,797</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,802</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,995</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--ForeignCurrencyTranslationReserve_iI_pn3n3_zHtU3MVhxCHd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Foreign currency translation reserve</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1546">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,647</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,647</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eifrs-full--RetainedEarnings_i01I_pn3n3_zfXDxYEd48j2" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Retained earnings and profit and loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(239,816</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,411</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(242,227</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_eifrs-full--NoncontrollingInterests_i01I_pn3n3_zRArd7V0Z3d9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Non-controlling interests</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,343</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">768</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,111</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--Equity_i01TI_pn3n3_zYTPVNyKwKmc" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Total equity</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">20,505</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(3,768</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">16,737</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <span> </span><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Impact on equity as at 31 December 2024</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <table cellpadding="0" cellspacing="0" id="xdx_300_134_pn3n3_zuRcm44yRUUe" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in" summary="xdx: Disclosure - Schedule of detailed information about impact on equity (Details)"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: justify">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_499_20241231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_zj9jOCcuQRo6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As previously reported</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Adjustment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_49D_20241231__srt--RestatementAxis__ifrs-full--RestatedMember_z9Dqzb7MLbUa" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restated</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_401_eifrs-full--ReserveOfEquityComponentOfConvertibleInstruments_i01I_pn3n3_zJuoZLQzVkT9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: justify">Convertible note reserve</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">29</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eifrs-full--ReserveOfEquityComponentOfConvertibleInstruments_iI_pn3n3_di_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zed51rEVVG1l" style="width: 14%; text-align: right" title="Convertible note reserve">(5</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">24</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--RetainedEarnings_i01I_pn3n3_z63mJjKgRqyg" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Retained earnings and profit and loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(236,436</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--RetainedEarnings_iI_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zQT5hX5UOSE9" style="text-align: right" title="Retained earnings and profit and loss">(1,549</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(237,985</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_eifrs-full--NoncontrollingInterests_i01I_pn3n3_zndBtdoQSrXf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Non-controlling interests</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,091</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--NoncontrollingInterests_i01I_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zlvBSVkdkZl6" style="text-align: right" title="Non-controlling interests">6,090</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,999</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--Equity_i01TI_pn3n3_zUwfMTqYtyNg" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Total equity</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,699</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--Equity_i01TI_pn3n3_c20241231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_ztOBaJhpyT9a" style="text-align: right" title="Total equity">4,537</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,236</td><td style="text-align: left"> </td></tr> </table> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span> 240680000 1324000 242004000 6797000 -1802000 4995000 -1647000 -1647000 -239816000 -2411000 -242227000 4343000 768000 5111000 20505000 -3768000 16737000 4028000 1060000 3126000 18000 171000 4000 2436000 2425000 -908000 -172000 1062000 3500000 13000 -8226000 -8239000 19400000 4500000 2200000 12400000 234000 165000 64000 5000 873000 -2719000 1846000 260000 1605000 1605000 1168000 1168000 437000 437000 881000 881000 15873000 587000 16460000 2189000 2189000 -17181000 -586000 -17767000 -16744000 -586000 -17330000 223000 70000 293000 -531000 6000 -525000 -627000 165000 -462000 319000 -89000 230000 2719000 -873000 1846000 -13706000 -1548000 -15254000 25000 25000 -13731000 -1548000 -15279000 307000 307000 18990000 12388000 6602000 19429000 19429000 4529000 4529000 1827000 1827000 21124000 9743000 30867000 1130000 61000 1191000 1846000 1846000 7002000 1791000 5211000 28126000 7952000 36078000 4260000 2198000 6458000 4415000 2198000 6614000 9133000 1047000 10180000 13011000 1217000 14228000 17426000 3415000 20841000 10699000 4537000 15236000 29000 5000 24000 -236436000 -1549000 -237985000 -2091000 6090000 3999000 10699000 4537000 15236000 <p id="xdx_80E_eifrs-full--DisclosureOfOperatingSegmentsExplanatory_z9dH0FB2Zh51" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>6.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_820_ze8f5FnGcuf1">Segment Reporting</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group determines its operating segments based on the information that is regularly reviewed by the Board of Directors, in its capacity as chief operating decision maker (“CODM”), for the purpose of allocating resources and assessing performance.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following the acquisition of Quality Industrial Corp. (“QIND”) and its operating subsidiary Al Shola Al Modea Gas Distribution LLC in November 2024, the Group’s operating activities comprise the distribution and engineering of liquefied petroleum gas (“LPG”) in the United Arab Emirates, together with a portfolio of other activities including the development of green hydrogen technology through Bright Hydrogen Solutions S.L. (Spain) and BIOSTEAM Proprietary Limited (South Africa), and the activities of the parent company Fusion Fuel Green plc.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group has identified one reportable operating segment under IFRS 8, being its LPG Distribution &amp; Engineering business, which represented <span id="xdx_905_ecustom--PercentageOfExternalRevenue_pid_dp_uPure_c20250101__20251231_zfUIOqSUc0s4" title="Percentage of external revenue">99.97</span>% of the Group’s external revenue in 2025 (2024 restated: <span id="xdx_905_ecustom--PercentageOfExternalRevenue_pid_dp_uPure_c20240101__20241231_zNAryYM9gO57" title="Percentage of external revenue">100.0</span>% of post-acquisition revenue). The Group’s other activities do not individually or in aggregate meet the quantitative thresholds for separate reportable segment disclosure under IFRS 8.13, and are presented in aggregate under “All other activities” for information purposes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_897_ecustom--DisclosureOfDetailedInformationAboutSegmentsReportingExplanatory_z5cZzoe4Dyb1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior to the acquisition of QIND in November 2024, the Group operated as a single segment focused on green hydrogen technology. The comparative information for the year ended 31 December 2024 has been re-presented on the current segmental basis.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B8_zAKPzIMYE1ek" style="display: none">Schedule of segments reporting</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; font-style: italic; vertical-align: top">Segment results</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B9_ifrs-full--SegmentsAxis_custom--LPGDistributionAndEngineeringMember_zv1Ja5pq9Xm" style="border-bottom: Black 1pt solid; text-align: right">LPG Distribution &amp; Engineering</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B9_ifrs-full--SegmentsAxis_ifrs-full--AllOtherSegmentsMember_zkU8EfX6oilj" style="border-bottom: Black 1pt solid; text-align: right">All other activities</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B0_zDBZZKoS6o4g" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">For the year ended 31 December 2025 (restated)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">€’000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">€’000</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>€’000</b></span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_439_c20250101__20251231_eifrs-full--Revenue_pn3n3_z4phvrDi9531" style="vertical-align: bottom; background-color: White"> <td style="width: 46%; text-align: left">Revenue from external customers</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">14,410</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">5</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">14,415</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_438_c20250101__20251231_eifrs-full--CostOfSales_iN_pn3n3_di_zDo0MO04sjN3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,179</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(56</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(10,235</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_43D_c20250101__20251231_eifrs-full--GrossProfit_pn3n3_z9HMxCHf42E9" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Gross profit / (loss)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,232</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(51</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,180</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43B_c20250101__20251231_eifrs-full--OtherIncome_pn3n3_zScXv2RlFwvk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">284</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,074</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,358</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_430_c20250101__20251231_eifrs-full--AdministrativeExpense_iN_pn3n3_di_z4yf6ACmQboa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Administration expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,636</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,060</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(11,696</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_430_c20250101__20251231_eifrs-full--AdjustmentsForSharebasedPayments_iN_pn3n3_di_zLpPgGfGRoaf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Share-based payments expense</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1808">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,562</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,562</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_43B_c20250101__20251231_ecustom--ImpairmentExpense_pn3n3_zlaApaiQJXv" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Impairment expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,060</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,062</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_435_c20250101__20251231_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_zXxjbQLgT8hj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Operating profit / (loss)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(122</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(8,660</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(8,782</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_437_c20250101__20251231_eifrs-full--FinanceIncomeCost_pn3n3_zUEWrwKlCega" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net finance income / (costs)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(708</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,193</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,485</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_439_c20250101__20251231_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_pn3n3_zKmoptI1tdS6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Profit on deconsolidation of subsidiary</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1824">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,225</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,225</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_434_c20250101__20251231_eifrs-full--ProfitLossBeforeTax_pn3n3_zAlOyfmAvSC4" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Profit / (loss) before tax</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(829</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(4,242</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(5,072</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_436_c20250101__20251231_ecustom--IncomeTaxExpense_iN_pn3n3_di_zxKCuyCP5xgg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Income tax (expense) / credit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(146</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">238</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">92</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_432_c20250101__20251231_eifrs-full--ProfitLoss_pn3n3_z6csgcSjvKz9" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left">Profit / (loss) for the year</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(975</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(4,004</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(4,980</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic; text-align: left">For the year ended 31 December 2024 (restated)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">€’000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">€’000</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>€’000</b></span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43A_c20240101__20241231_eifrs-full--Revenue_pn3n3_zbMbbFJB1V8c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Revenue from external customers</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,605</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1841">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,605</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_430_c20240101__20241231_eifrs-full--CostOfSales_iN_pn3n3_di_zGAtAXfj7jXf" style="vertical-align: bottom; background-color: White"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,168</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1845">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,168</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_43A_c20240101__20241231_eifrs-full--GrossProfit_pn3n3_z80TjSosHgS7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Gross profit / (loss)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">437</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1849">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">437</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_439_c20240101__20241231_eifrs-full--OtherIncome_pn3n3_zW5lmIlJtlWh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other income</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1852">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">881</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">881</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43B_c20240101__20241231_eifrs-full--AdministrativeExpense_iN_pn3n3_di_z4EMOpLHPZqd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Administration expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(205</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(16,255</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(16,460</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_438_c20240101__20241231_eifrs-full--AdjustmentsForSharebasedPayments_iN_pn3n3_di_zxvEGOwRXKMg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Share-based payments expense</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1860">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,189</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(2,189</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_43C_c20240101__20241231_ecustom--ImpairmentExpense_pn3n3_zMJDJGZI1i5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Impairment expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="margin: 0"><span style="-sec-ix-hidden: xdx2ixbrl1864">-</span></p></td><td style="text-align: left"></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1865">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1866">-</span></td><td style="font-weight: bold; text-align: left"></td></tr> <tr id="xdx_43F_c20240101__20241231_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_zBZVBssWzJyg" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Operating profit / (loss)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">232</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(17,562</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(17,330</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_43B_c20240101__20241231_eifrs-full--FinanceIncomeCost_pn3n3_zpQV4uDtUoRb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Net finance income / (costs)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(42</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">272</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">230</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_435_c20240101__20241231_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_pn3n3_zqmb1fBKzDaj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Profit on deconsolidation of subsidiary</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1876">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,846</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,846</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43B_c20240101__20241231_eifrs-full--ProfitLossBeforeTax_pn3n3_zbFXwLLr88R9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Profit / (loss) before tax</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">190</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(15,444</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(15,254</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_437_c20240101__20241231_ecustom--IncomeTaxExpense_iN_pn3n3_di_zeZPVJ6WFoNh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Income tax (expense) / credit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(25</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1885">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(25</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_430_c20240101__20241231_eifrs-full--ProfitLoss_pn3n3_zMIvAZlSbimi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Profit / (loss) for the year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">165</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(15,444</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(15,279</td><td style="font-weight: bold; text-align: left">)</td></tr> </table> <p id="xdx_8A1_zNXvwEDFpnA1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The “All other activities” column for 2024 restated includes the results of the Group’s legacy Portuguese hydrogen operations (Fusion Fuel Portugal and related entities) which were fully deconsolidated during 2024 following their insolvency, together with the results of Hanoi Asset Management S.L. (deconsolidated in December 2025), Fusion Fuel USA Inc., Fusion Fuel Australia Pty Ltd., the parent company Fusion Fuel Green plc, and consolidation adjustments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p id="xdx_896_ecustom--DisclosureOfDetailedInformationAboutSegmentAssetsAndLiabilitiesExplanatory_zbAtY1vPsTA9" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BB_zObxFyBWXa8c">Schedule of segment assets and liabilities explanatory</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; font-style: italic; vertical-align: top">Segment assets and liabilities</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B9_ifrs-full--SegmentsAxis_custom--LPGDistributionAndEngineeringMember_ze0NsFILg1Bl" style="border-bottom: Black 1pt solid; text-align: right">LPG Distribution &amp; Engineering</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B9_ifrs-full--SegmentsAxis_ifrs-full--AllOtherSegmentsMember_zQ6zMAgPkEW7" style="border-bottom: Black 1pt solid; text-align: right">All other activities</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B0_zKUBUiYhDNql" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">For the year ended 31 December 2025 (restated)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">€’000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">€’000</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>€’000</b></span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_431_c20251231_eifrs-full--Assets_iI_pn3n3_zzNctd1ce0U" style="vertical-align: bottom; background-color: White"> <td style="width: 46%; text-align: left">Segment assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">13,752</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">18,318</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">32,070</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43A_c20251231_eifrs-full--Liabilities_iNI_pn3n3_di_zLHRoSrXv2q8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Segment liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(15,595</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">263</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(15,333</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_432_c20251231_eifrs-full--NetAssetsLiabilities_iI_pn3n3_zktrXeQlKolh" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Segment net assets / (liabilities)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,844</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">18,581</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">16,737</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic">For the year ended 31 December 2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43E_c20241231_eifrs-full--Assets_iI_pn3n3_zYtSvsVIycI5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Segment assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,038</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">23,040</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">36,078</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43D_c20241231_eifrs-full--Liabilities_iNI_pn3n3_di_zkdRRYlVzxN3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Segment liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(14,868</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5,973</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(20,842</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_437_c20241231_eifrs-full--NetAssetsLiabilities_iI_pn3n3_z0NLOnoX8xb2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Segment net assets / (liabilities)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,830</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">17,067</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">15,236</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A7_zJMhX5D8kE0b" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Segment assets for the LPG Distribution &amp; Engineering segment comprise the assets of QIND and its operating subsidiary Al Shola Gas. The “All other activities” column includes non-current intangible assets and goodwill recognised on consolidation in respect of the QIND business combination (customer relationships, trade names and goodwill — refer to Note 15), which relate economically to the LPG Distribution &amp; Engineering CGU but are reflected at the consolidated Group level.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Geographical information</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_89F_ecustom--DisclosureOfRevenueFromExternalCustomersByGeographicalInformationExplanatory_zBV1zJWvSLea" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group’s revenue from external customers, based on the country in which the customer is located, and its non-current assets by country in which the assets are located, are analysed as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B2_zkOJjWhIXAke" style="display: none">Schedule of revenue from external customers by geographical information</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: right">Revenue 2025</td><td> </td><td> </td> <td colspan="2" style="text-align: right">Revenue 2024 (restated)</td><td> </td><td> </td> <td colspan="2" style="text-align: right">Non-current assets 2025 (restated)</td><td> </td><td> </td> <td colspan="2" style="text-align: right">Non-current assets 2024 (restated)</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">€’000</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">€’000</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">€’000</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">€’000</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; text-align: left">United Arab Emirates</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__country--AE_z5YnmiNu0vM8" style="width: 10%; text-align: right" title="Revenue">14,410</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__country--AE_zP2RIemA1a3d" style="width: 10%; text-align: right" title="Revenue">1,605</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--GeographicalAreasAxis__country--AE_zwYcyPODZCog" style="width: 10%; text-align: right" title="Non-current assets">25,151</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--GeographicalAreasAxis__country--AE_zozM299BX4E7" style="width: 10%; text-align: right" title="Non-current assets">30,793</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Spain</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__country--ES_z7JLyasbd8Ae" style="text-align: right" title="Revenue">5</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__country--ES_zKZ9haaZ1BVi" style="text-align: right" title="Revenue"><span style="-sec-ix-hidden: xdx2ixbrl1930">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--GeographicalAreasAxis__country--ES_z5S0R2RI0lOi" style="text-align: right" title="Non-current assets">79</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--GeographicalAreasAxis__country--ES_zAZR2MVvxm87" style="text-align: right" title="Non-current assets"><span style="-sec-ix-hidden: xdx2ixbrl1934">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Ireland</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__country--IE_zENYuclSjgjl" style="text-align: right" title="Revenue"><span style="-sec-ix-hidden: xdx2ixbrl1936">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__country--IE_zMIEmUlaYmzf" style="text-align: right" title="Revenue"><span style="-sec-ix-hidden: xdx2ixbrl1938">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--GeographicalAreasAxis__country--IE_zkV7Td9Bo9L2" style="text-align: right" title="Non-current assets">46</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--GeographicalAreasAxis__country--IE_zISJtonRpEKa" style="text-align: right" title="Non-current assets">75</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">South Africa</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__country--ZA_zekCH983psT4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Revenue"><span style="-sec-ix-hidden: xdx2ixbrl1944">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__country--ZA_zvNKsgQ5O9gj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Revenue"><span style="-sec-ix-hidden: xdx2ixbrl1946">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--GeographicalAreasAxis__country--ZA_zzQiuVz1Mo7a" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current assets">367</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--GeographicalAreasAxis__country--ZA_zrp6I4feYxJ7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Non-current assets"><span style="-sec-ix-hidden: xdx2ixbrl1950">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Total</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231_zZNyfMJByP8i" style="font-weight: bold; text-align: right" title="Revenue">14,415</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20240101__20241231_zZ6GKMwMThE3" style="font-weight: bold; text-align: right" title="Revenue">1,605</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98B_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231_zLc4pR189CH5" style="font-weight: bold; text-align: right" title="Non-current assets">25,643</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_981_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231_zzLbq7kePcCd" style="font-weight: bold; text-align: right" title="Non-current assets">30,867</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A2_zl9gfDMATuZ" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-current assets attributed to the United Arab Emirates include customer relationships and trade names recognised on the acquisition of QIND (€<span id="xdx_903_eifrs-full--NoncurrentAssets_iI_pn5n6_c20251231__ifrs-full--GeographicalAreasAxis__country--AE__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--QINDAcquisitionMember_zMKdP1GaCwr8" title="Non-current assets">19.3</span> million at 31 December 2025; €<span id="xdx_909_eifrs-full--NoncurrentAssets_iI_pn5n6_c20241231__ifrs-full--GeographicalAreasAxis__country--AE__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--QINDAcquisitionMember_zazKIL79i0I1" title="Non-current assets">24.0</span> million at 31 December 2024 restated) and goodwill of €<span id="xdx_900_eifrs-full--Goodwill_iI_pn5n6_c20251231__ifrs-full--GeographicalAreasAxis__country--AE__ifrs-full--SegmentsAxis__custom--LPGDistributionAndEngineeringMember_zq9a6Mrtpldb" title="Goodwill">4.9</span> million (2024 restated: €<span id="xdx_902_eifrs-full--Goodwill_iI_pn5n6_c20241231__ifrs-full--GeographicalAreasAxis__country--AE__ifrs-full--SegmentsAxis__custom--LPGDistributionAndEngineeringMember_zEBtcbEaTl47" title="Goodwill">6.6</span> million), which are attributed to the UAE LPG Distribution &amp; Engineering cash-generating unit to which they relate. The 2025 amounts are restated and stated after the goodwill impairment of €<span id="xdx_908_eifrs-full--ImpairmentLossRecognisedInProfitOrLossGoodwill_pn5n6_c20250101__20251231_zHVWQdYLwZX9" title="Goodwill impairment">1.1</span> million (refer to Notes 5 and 16).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Major customers</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">No single external customer contributed 10% or more of the Group’s revenue in either the year ended 31 December 2025 or the year ended 31 December 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 0.9997 1.000 <p id="xdx_897_ecustom--DisclosureOfDetailedInformationAboutSegmentsReportingExplanatory_z5cZzoe4Dyb1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior to the acquisition of QIND in November 2024, the Group operated as a single segment focused on green hydrogen technology. The comparative information for the year ended 31 December 2024 has been re-presented on the current segmental basis.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B8_zAKPzIMYE1ek" style="display: none">Schedule of segments reporting</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; font-style: italic; vertical-align: top">Segment results</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B9_ifrs-full--SegmentsAxis_custom--LPGDistributionAndEngineeringMember_zv1Ja5pq9Xm" style="border-bottom: Black 1pt solid; text-align: right">LPG Distribution &amp; Engineering</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B9_ifrs-full--SegmentsAxis_ifrs-full--AllOtherSegmentsMember_zkU8EfX6oilj" style="border-bottom: Black 1pt solid; text-align: right">All other activities</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B0_zDBZZKoS6o4g" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">For the year ended 31 December 2025 (restated)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">€’000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">€’000</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>€’000</b></span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_439_c20250101__20251231_eifrs-full--Revenue_pn3n3_z4phvrDi9531" style="vertical-align: bottom; background-color: White"> <td style="width: 46%; text-align: left">Revenue from external customers</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">14,410</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">5</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">14,415</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_438_c20250101__20251231_eifrs-full--CostOfSales_iN_pn3n3_di_zDo0MO04sjN3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,179</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(56</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(10,235</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_43D_c20250101__20251231_eifrs-full--GrossProfit_pn3n3_z9HMxCHf42E9" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Gross profit / (loss)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,232</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(51</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,180</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43B_c20250101__20251231_eifrs-full--OtherIncome_pn3n3_zScXv2RlFwvk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">284</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,074</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,358</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_430_c20250101__20251231_eifrs-full--AdministrativeExpense_iN_pn3n3_di_z4yf6ACmQboa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Administration expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,636</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,060</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(11,696</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_430_c20250101__20251231_eifrs-full--AdjustmentsForSharebasedPayments_iN_pn3n3_di_zLpPgGfGRoaf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Share-based payments expense</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1808">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,562</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,562</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_43B_c20250101__20251231_ecustom--ImpairmentExpense_pn3n3_zlaApaiQJXv" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Impairment expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,060</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,062</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_435_c20250101__20251231_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_zXxjbQLgT8hj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Operating profit / (loss)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(122</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(8,660</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(8,782</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_437_c20250101__20251231_eifrs-full--FinanceIncomeCost_pn3n3_zUEWrwKlCega" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Net finance income / (costs)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(708</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,193</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,485</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_439_c20250101__20251231_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_pn3n3_zKmoptI1tdS6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Profit on deconsolidation of subsidiary</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1824">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,225</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,225</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_434_c20250101__20251231_eifrs-full--ProfitLossBeforeTax_pn3n3_zAlOyfmAvSC4" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Profit / (loss) before tax</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(829</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(4,242</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(5,072</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_436_c20250101__20251231_ecustom--IncomeTaxExpense_iN_pn3n3_di_zxKCuyCP5xgg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Income tax (expense) / credit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(146</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">238</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">92</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_432_c20250101__20251231_eifrs-full--ProfitLoss_pn3n3_z6csgcSjvKz9" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left">Profit / (loss) for the year</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(975</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(4,004</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(4,980</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic; text-align: left">For the year ended 31 December 2024 (restated)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">€’000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">€’000</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>€’000</b></span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43A_c20240101__20241231_eifrs-full--Revenue_pn3n3_zbMbbFJB1V8c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Revenue from external customers</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,605</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1841">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,605</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_430_c20240101__20241231_eifrs-full--CostOfSales_iN_pn3n3_di_zGAtAXfj7jXf" style="vertical-align: bottom; background-color: White"> <td>Cost of sales</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,168</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1845">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,168</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_43A_c20240101__20241231_eifrs-full--GrossProfit_pn3n3_z80TjSosHgS7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Gross profit / (loss)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">437</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1849">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">437</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_439_c20240101__20241231_eifrs-full--OtherIncome_pn3n3_zW5lmIlJtlWh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other income</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1852">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">881</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">881</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43B_c20240101__20241231_eifrs-full--AdministrativeExpense_iN_pn3n3_di_z4EMOpLHPZqd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Administration expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(205</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(16,255</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(16,460</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_438_c20240101__20241231_eifrs-full--AdjustmentsForSharebasedPayments_iN_pn3n3_di_zxvEGOwRXKMg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Share-based payments expense</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1860">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,189</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(2,189</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_43C_c20240101__20241231_ecustom--ImpairmentExpense_pn3n3_zMJDJGZI1i5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Impairment expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><p style="margin: 0"><span style="-sec-ix-hidden: xdx2ixbrl1864">-</span></p></td><td style="text-align: left"></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1865">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1866">-</span></td><td style="font-weight: bold; text-align: left"></td></tr> <tr id="xdx_43F_c20240101__20241231_eifrs-full--ProfitLossFromOperatingActivities_pn3n3_zBZVBssWzJyg" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Operating profit / (loss)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">232</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(17,562</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(17,330</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_43B_c20240101__20241231_eifrs-full--FinanceIncomeCost_pn3n3_zpQV4uDtUoRb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Net finance income / (costs)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(42</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">272</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">230</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_435_c20240101__20241231_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_pn3n3_zqmb1fBKzDaj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Profit on deconsolidation of subsidiary</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1876">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,846</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,846</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43B_c20240101__20241231_eifrs-full--ProfitLossBeforeTax_pn3n3_zbFXwLLr88R9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Profit / (loss) before tax</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">190</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(15,444</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(15,254</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_437_c20240101__20241231_ecustom--IncomeTaxExpense_iN_pn3n3_di_zeZPVJ6WFoNh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Income tax (expense) / credit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(25</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1885">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(25</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_430_c20240101__20241231_eifrs-full--ProfitLoss_pn3n3_zMIvAZlSbimi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Profit / (loss) for the year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">165</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(15,444</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(15,279</td><td style="font-weight: bold; text-align: left">)</td></tr> </table> 14410000 5000 14415000 10179000 56000 10235000 4232000 -51000 4180000 284000 1074000 1358000 4636000 7060000 11696000 1562000 1562000 -2000 -1060000 -1062000 -122000 -8660000 -8782000 -708000 3193000 2485000 1225000 1225000 -829000 -4242000 -5072000 146000 -238000 -92000 -975000 -4004000 -4980000 1605000 1605000 1168000 1168000 437000 437000 881000 881000 205000 16255000 16460000 2189000 2189000 232000 -17562000 -17330000 -42000 272000 230000 1846000 1846000 190000 -15444000 -15254000 25000 25000 165000 -15444000 -15279000 <p id="xdx_896_ecustom--DisclosureOfDetailedInformationAboutSegmentAssetsAndLiabilitiesExplanatory_zbAtY1vPsTA9" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BB_zObxFyBWXa8c">Schedule of segment assets and liabilities explanatory</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; font-style: italic; vertical-align: top">Segment assets and liabilities</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B9_ifrs-full--SegmentsAxis_custom--LPGDistributionAndEngineeringMember_ze0NsFILg1Bl" style="border-bottom: Black 1pt solid; text-align: right">LPG Distribution &amp; Engineering</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B9_ifrs-full--SegmentsAxis_ifrs-full--AllOtherSegmentsMember_zQ6zMAgPkEW7" style="border-bottom: Black 1pt solid; text-align: right">All other activities</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_4B0_zKUBUiYhDNql" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">For the year ended 31 December 2025 (restated)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">€’000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">€’000</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>€’000</b></span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_431_c20251231_eifrs-full--Assets_iI_pn3n3_zzNctd1ce0U" style="vertical-align: bottom; background-color: White"> <td style="width: 46%; text-align: left">Segment assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">13,752</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">18,318</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">32,070</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43A_c20251231_eifrs-full--Liabilities_iNI_pn3n3_di_zLHRoSrXv2q8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Segment liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(15,595</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">263</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(15,333</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_432_c20251231_eifrs-full--NetAssetsLiabilities_iI_pn3n3_zktrXeQlKolh" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Segment net assets / (liabilities)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,844</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">18,581</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">16,737</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic">For the year ended 31 December 2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43E_c20241231_eifrs-full--Assets_iI_pn3n3_zYtSvsVIycI5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Segment assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,038</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">23,040</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">36,078</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43D_c20241231_eifrs-full--Liabilities_iNI_pn3n3_di_zkdRRYlVzxN3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Segment liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(14,868</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5,973</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(20,842</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_437_c20241231_eifrs-full--NetAssetsLiabilities_iI_pn3n3_z0NLOnoX8xb2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Segment net assets / (liabilities)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,830</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">17,067</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">15,236</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> 13752000 18318000 32070000 15595000 -263000 15333000 -1844000 18581000 16737000 13038000 23040000 36078000 14868000 5973000 20842000 -1830000 17067000 15236000 <p id="xdx_89F_ecustom--DisclosureOfRevenueFromExternalCustomersByGeographicalInformationExplanatory_zBV1zJWvSLea" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group’s revenue from external customers, based on the country in which the customer is located, and its non-current assets by country in which the assets are located, are analysed as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B2_zkOJjWhIXAke" style="display: none">Schedule of revenue from external customers by geographical information</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: right">Revenue 2025</td><td> </td><td> </td> <td colspan="2" style="text-align: right">Revenue 2024 (restated)</td><td> </td><td> </td> <td colspan="2" style="text-align: right">Non-current assets 2025 (restated)</td><td> </td><td> </td> <td colspan="2" style="text-align: right">Non-current assets 2024 (restated)</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">€’000</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">€’000</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">€’000</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">€’000</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; text-align: left">United Arab Emirates</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__country--AE_z5YnmiNu0vM8" style="width: 10%; text-align: right" title="Revenue">14,410</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__country--AE_zP2RIemA1a3d" style="width: 10%; text-align: right" title="Revenue">1,605</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--GeographicalAreasAxis__country--AE_zwYcyPODZCog" style="width: 10%; text-align: right" title="Non-current assets">25,151</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--GeographicalAreasAxis__country--AE_zozM299BX4E7" style="width: 10%; text-align: right" title="Non-current assets">30,793</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Spain</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__country--ES_z7JLyasbd8Ae" style="text-align: right" title="Revenue">5</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__country--ES_zKZ9haaZ1BVi" style="text-align: right" title="Revenue"><span style="-sec-ix-hidden: xdx2ixbrl1930">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--GeographicalAreasAxis__country--ES_z5S0R2RI0lOi" style="text-align: right" title="Non-current assets">79</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--GeographicalAreasAxis__country--ES_zAZR2MVvxm87" style="text-align: right" title="Non-current assets"><span style="-sec-ix-hidden: xdx2ixbrl1934">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Ireland</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__country--IE_zENYuclSjgjl" style="text-align: right" title="Revenue"><span style="-sec-ix-hidden: xdx2ixbrl1936">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__country--IE_zMIEmUlaYmzf" style="text-align: right" title="Revenue"><span style="-sec-ix-hidden: xdx2ixbrl1938">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--GeographicalAreasAxis__country--IE_zkV7Td9Bo9L2" style="text-align: right" title="Non-current assets">46</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--GeographicalAreasAxis__country--IE_zISJtonRpEKa" style="text-align: right" title="Non-current assets">75</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">South Africa</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231__ifrs-full--GeographicalAreasAxis__country--ZA_zekCH983psT4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Revenue"><span style="-sec-ix-hidden: xdx2ixbrl1944">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--Revenue_pn3n3_c20240101__20241231__ifrs-full--GeographicalAreasAxis__country--ZA_zvNKsgQ5O9gj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Revenue"><span style="-sec-ix-hidden: xdx2ixbrl1946">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231__ifrs-full--GeographicalAreasAxis__country--ZA_zzQiuVz1Mo7a" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current assets">367</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231__ifrs-full--GeographicalAreasAxis__country--ZA_zrp6I4feYxJ7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Non-current assets"><span style="-sec-ix-hidden: xdx2ixbrl1950">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Total</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98E_eifrs-full--Revenue_pn3n3_c20250101__20251231_zZNyfMJByP8i" style="font-weight: bold; text-align: right" title="Revenue">14,415</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98D_eifrs-full--Revenue_pn3n3_c20240101__20241231_zZ6GKMwMThE3" style="font-weight: bold; text-align: right" title="Revenue">1,605</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98B_eifrs-full--NoncurrentAssets_iI_pn3n3_c20251231_zLc4pR189CH5" style="font-weight: bold; text-align: right" title="Non-current assets">25,643</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_981_eifrs-full--NoncurrentAssets_iI_pn3n3_c20241231_zzLbq7kePcCd" style="font-weight: bold; text-align: right" title="Non-current assets">30,867</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> 14410000 1605000 25151000 30793000 5000 79000 46000 75000 367000 14415000 1605000 25643000 30867000 19300000 24000000.0 4900000 6600000 1100000 <p id="xdx_807_eifrs-full--DisclosureOfRevenueExplanatory_zHYPYW8ctlVi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>7.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82C_zWMYIv2vK4i5">Revenue</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89E_eifrs-full--DisclosureOfRevenueFromContractsWithCustomersExplanatory_z0Q0sABiAhH2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group disaggregates revenue from contracts with customers by type of service, by timing of revenue recognition, and by geographical market. Management considers these categories best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B9_z53cqGltX9Jj" style="display: none">Schedule of revenue</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold">By type of service</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20250101__20251231_zGtsNQE57pW1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20240101__20241231_z3F1jYLMGQ1g" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20230101__20231231_z7suBJaXGobc" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_409_eifrs-full--Revenue_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--EngineeringInstallationAndAnnualMaintenanceContractsMember_zdF0NAlYbxnk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">Engineering, installation and annual maintenance contracts</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">4,135</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">578</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1976">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--Revenue_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--BulkLpgDeliveriesMember_zJwGd5IBdlOl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Bulk LPG deliveries</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,550</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">436</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1980">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--Revenue_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--LpgCylinderGalesMember_zDm603OMLzJ5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">LPG cylinder sales</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,555</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">377</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1984">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--Revenue_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--MeteredLpgUtilityServicesMember_zWPIdsvNBRua" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Metered LPG utility services</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,170</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">214</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1988">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--Revenue_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--HydrogenEngineeringAndAdvisoryServicesMember_z6oDxtJoskC7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Hydrogen engineering and advisory services</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1991">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,144</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_pn3n3_zVxLEGcEWIwa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total Revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">14,415</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,605</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,144</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold">By timing of revenue recognition</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20250101__20251231_zxN9ReJt77B8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20240101__20241231_zuoIdQ3eC6a5" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20230101__20231231_ze7mCVtIYj04" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_401_eifrs-full--Revenue_pn3n3_hifrs-full--TimingOfTransferOfGoodsOrServicesAxis__ifrs-full--GoodsOrServicesTransferredOverTimeMember_zqMP30IUuol5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">Revenue recognised over time</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">4,135</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">578</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2000">-</span></span> </td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--Revenue_pn3n3_hifrs-full--TimingOfTransferOfGoodsOrServicesAxis__ifrs-full--GoodsOrServicesTransferredAtPointInTimeMember_zdAumtmNkqP6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Revenue recognised at a point in time</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,280</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,027</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,144</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--Revenue_pn3n3_zTf4zCc40Qh6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total Revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">14,415</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,605</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,144</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A2_zRnmvkxX2n5f" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Engineering and installation contracts for centralised gas systems and annual maintenance contracts are recognised over time as the customer simultaneously receives and consumes the benefits of the Group’s performance. Bulk LPG deliveries, cylinder sales and metered utility supply are recognised at the point in time at which control transfers to the customer, being delivery or metered consumption.</span></p> <p id="xdx_891_eifrs-full--DisclosureOfGeographicalAreasExplanatory_z18O44kphap4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B0_z6LA5jcF4lGe" style="display: none">Schedule of revenue by geographical market</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold">By geographical market</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20250101__20251231_zoGiBGpj8cBk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20240101__20241231_zLhoueDXeMMh" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20230101__20231231_zpXPKddTgs6b" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_402_eifrs-full--Revenue_pn3n3_hifrs-full--GeographicalAreasAxis__country--AE_zVoyb1eIWytc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">United Arab Emirates</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">14,410</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">1,605</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2014">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--Revenue_pn3n3_hifrs-full--GeographicalAreasAxis__country--ES_ziIKBkMV72w1" style="vertical-align: bottom; background-color: White"> <td>Spain</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">5</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2017">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2018">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--Revenue_pn3n3_hifrs-full--GeographicalAreasAxis__country--PT_z6WzZAYuSJcl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Portugal</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2020">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2021">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,144</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_pn3n3_zAkuDgVgcAGf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total Revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">14,415</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,605</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,144</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AE_zdxiIja9rvJk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue is attributed to geographical market based on the location of the customer. Revenue in the United Arab Emirates is generated through Al Shola Gas, which provides engineering, installation, bulk LPG, cylinder LPG, metered utility and annual maintenance services. Revenue in Spain was generated through BrightHydrogen Solutions’ engineering and advisory activities which commenced during 2025. Revenue attributed to Portugal in 2023 of €<span id="xdx_909_eifrs-full--Revenue_pn5n6_c20230101__20231231__ifrs-full--GeographicalAreasAxis__country--PT_zXGRcuFNTNJe" title="Revenue">4.1</span> million related to the Group’s legacy hydrogen technology operations, which ceased during 2024 as part of the Group’s strategic repositioning. No revenue was generated from these activities in 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">No single external customer accounted for 10% or more of Group revenue in 2025, 2024 or 2023.</span></p> <p id="xdx_89E_eifrs-full--DisclosureOfRevenueFromContractsWithCustomersExplanatory_z0Q0sABiAhH2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group disaggregates revenue from contracts with customers by type of service, by timing of revenue recognition, and by geographical market. Management considers these categories best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B9_z53cqGltX9Jj" style="display: none">Schedule of revenue</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold">By type of service</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20250101__20251231_zGtsNQE57pW1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20240101__20241231_z3F1jYLMGQ1g" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20230101__20231231_z7suBJaXGobc" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_409_eifrs-full--Revenue_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--EngineeringInstallationAndAnnualMaintenanceContractsMember_zdF0NAlYbxnk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">Engineering, installation and annual maintenance contracts</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">4,135</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">578</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1976">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--Revenue_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--BulkLpgDeliveriesMember_zJwGd5IBdlOl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Bulk LPG deliveries</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,550</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">436</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1980">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--Revenue_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--LpgCylinderGalesMember_zDm603OMLzJ5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">LPG cylinder sales</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,555</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">377</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1984">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--Revenue_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--MeteredLpgUtilityServicesMember_zWPIdsvNBRua" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Metered LPG utility services</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,170</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">214</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1988">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--Revenue_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--HydrogenEngineeringAndAdvisoryServicesMember_z6oDxtJoskC7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Hydrogen engineering and advisory services</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1991">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,144</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_pn3n3_zVxLEGcEWIwa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total Revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">14,415</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,605</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,144</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold">By timing of revenue recognition</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20250101__20251231_zxN9ReJt77B8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20240101__20241231_zuoIdQ3eC6a5" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20230101__20231231_ze7mCVtIYj04" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_401_eifrs-full--Revenue_pn3n3_hifrs-full--TimingOfTransferOfGoodsOrServicesAxis__ifrs-full--GoodsOrServicesTransferredOverTimeMember_zqMP30IUuol5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">Revenue recognised over time</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">4,135</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">578</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2000">-</span></span> </td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--Revenue_pn3n3_hifrs-full--TimingOfTransferOfGoodsOrServicesAxis__ifrs-full--GoodsOrServicesTransferredAtPointInTimeMember_zdAumtmNkqP6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Revenue recognised at a point in time</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,280</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,027</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,144</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--Revenue_pn3n3_zTf4zCc40Qh6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Total Revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">14,415</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,605</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,144</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 4135000 578000 4550000 436000 3555000 377000 2170000 214000 5000 4144000 14415000 1605000 4144000 4135000 578000 10280000 1027000 4144000 14415000 1605000 4144000 <p id="xdx_891_eifrs-full--DisclosureOfGeographicalAreasExplanatory_z18O44kphap4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B0_z6LA5jcF4lGe" style="display: none">Schedule of revenue by geographical market</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold">By geographical market</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20250101__20251231_zoGiBGpj8cBk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20240101__20241231_zLhoueDXeMMh" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20230101__20231231_zpXPKddTgs6b" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_402_eifrs-full--Revenue_pn3n3_hifrs-full--GeographicalAreasAxis__country--AE_zVoyb1eIWytc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">United Arab Emirates</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">14,410</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">1,605</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2014">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--Revenue_pn3n3_hifrs-full--GeographicalAreasAxis__country--ES_ziIKBkMV72w1" style="vertical-align: bottom; background-color: White"> <td>Spain</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">5</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2017">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2018">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--Revenue_pn3n3_hifrs-full--GeographicalAreasAxis__country--PT_z6WzZAYuSJcl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Portugal</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2020">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2021">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,144</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--Revenue_pn3n3_zAkuDgVgcAGf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total Revenue</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">14,415</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,605</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,144</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 14410000 1605000 5000 4144000 14415000 1605000 4144000 4100000 <p id="xdx_808_eifrs-full--DisclosureOfCostOfSalesExplanatory_zmgh4mrTxNQ9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>8.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_829_zkQHScZotogc">Cost of sales</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cost of sales for the year ended 31 December 2025 reflects expenses directly attributable to revenue-generating activities from Al Shola. These costs primarily include materials, subcontractor services, and logistics incurred as part of LPG system supply and installation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cost of sales also includes the recognition of the fair value step-up on inventory arising from the QIND purchase price allocation, which was expensed as the underlying inventory was sold during the period. The 2025 charge has been restated to translate it at the average exchange rate for the year (refer to Note 5).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_890_ecustom--DisclosureOfDetailedInformationAboutCostOfSalesExplanatory_z1Umj5maAdUd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Previously, cost of sales related entirely to Fusion Fuel Portugal. As such, no cost of sales from this former subsidiary remains in the Group’s financial statements for the current period and figures recorded between 2024 and prior years are not considered comparable.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BF_zqqGw0bByIcc" style="display: none">Schedule of cost of sales</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20250101__20251231_zXUMlAkXcOKg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20240101__20241231_z6QZoCo6b6fd" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20230101__20231231_znbRjUPD9wX1" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_400_eifrs-full--CostOfSales_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--LPGrelatedServicesQINDAlSholaGasMember_zIDa10VCXO0a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">LPG-related services (QIND / Al Shola Gas)</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">10,179</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">1,168</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2036">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--CostOfSales_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--HydrogenTechnologydeconsolidatedEntityMember_zWTdPyUi9ZWk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Hydrogen technology (deconsolidated entity)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2038">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2039">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,088</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--CostOfSales_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--InventoryStepDownFromPPAOfQINDMember_zPBHgBvAsbP2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Inventory step down from PPA of QIND</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">56</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2043">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2044">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--CostOfSales_pn3n3_z0SzKV1588od" style="vertical-align: bottom; background-color: White"> <td><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,235</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,168</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,088</td><td style="text-align: left"> </td></tr> </table> <p id="xdx_890_ecustom--DisclosureOfDetailedInformationAboutCostOfSalesExplanatory_z1Umj5maAdUd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Previously, cost of sales related entirely to Fusion Fuel Portugal. As such, no cost of sales from this former subsidiary remains in the Group’s financial statements for the current period and figures recorded between 2024 and prior years are not considered comparable.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BF_zqqGw0bByIcc" style="display: none">Schedule of cost of sales</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20250101__20251231_zXUMlAkXcOKg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20240101__20241231_z6QZoCo6b6fd" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20230101__20231231_znbRjUPD9wX1" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_400_eifrs-full--CostOfSales_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--LPGrelatedServicesQINDAlSholaGasMember_zIDa10VCXO0a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">LPG-related services (QIND / Al Shola Gas)</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">10,179</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">1,168</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2036">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--CostOfSales_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--HydrogenTechnologydeconsolidatedEntityMember_zWTdPyUi9ZWk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Hydrogen technology (deconsolidated entity)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2038">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2039">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,088</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--CostOfSales_pn3n3_hifrs-full--ProductsAndServicesAxis__custom--InventoryStepDownFromPPAOfQINDMember_zPBHgBvAsbP2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Inventory step down from PPA of QIND</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">56</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2043">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2044">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--CostOfSales_pn3n3_z0SzKV1588od" style="vertical-align: bottom; background-color: White"> <td><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,235</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,168</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,088</td><td style="text-align: left"> </td></tr> </table> 10179000 1168000 20088000 56000 10235000 1168000 20088000 <p id="xdx_808_eifrs-full--DisclosureOfGeneralAndAdministrativeExpenseExplanatory_zHtfYO8DfVe4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>9.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82F_z5clgMFBWWp6">Administration expenses</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Administration expenses for the year ended 31 December 2025 primarily reflect corporate overheads of the Group together with operating costs incurred by QIND (including Al Shola Gas) for the full year. These expenses include wages and salaries, depreciation and amortisation, professional fees, and other general administrative costs. Depreciation and amortisation for 2025 has been restated (refer to Note 5).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the prior year, administration expenses included costs incurred by the Group’s legacy hydrogen entities up to the date of deconsolidation, as well as certain reclassifications from cost of sales and inventory impairment charges relating to those operations. As a result, the 2024 and prior year figures are not directly comparable.</span></p> <p id="xdx_896_eifrs-full--DisclosureOfAttributionOfExpensesByNatureToTheirFunctionExplanatory_zcrCKCTkUEM9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BA_zVAT14XwhnUa" style="display: none">Schedule of administration expenses</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20250101__20251231_z9yvVPTUXkil" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20240101__20241231_zD5Ye208wcdi" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20230101__20231231_zAgjThOX5QBi" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_403_eifrs-full--WagesAndSalaries_pn3n3_maAEzTPe_ztewTvJiLXW4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">Wages and salaries</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">4,124</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">6,752</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">7,649</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--DepreciationAndAmortisationExpense_pn3n3_maAEzTPe_z1kATofxIoyg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,425</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,631</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,547</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--ProfessionalFeesExpense_pn3n3_maAEzTPe_zSg3WXk5H0Xf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Professional fees</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,033</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,076</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,605</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_ecustom--ConsultingFees_pn3n3_maAEzTPe_zfwZ4xKdssDj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Consulting fees</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2066">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">638</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,816</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--OtherExpenseByNature_pn3n3_maAEzTPe_zVvkjXGKovF9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other expenses</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,114</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,003</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,218</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--CostOfSalesRoomOccupancyServices_pn3n3_maAEzTPe_zhnJDoAOCJqj" style="vertical-align: bottom; background-color: White"> <td>Reclassification of cost of sales</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2074">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,153</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2076">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories_pn3n3_maAEzTPe_zYLzcXxk8p3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Impairment of inventory</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2078">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,206</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2080">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--AdministrativeExpense_iT_pn3n3_mtAEzTPe_zbEx7kwROlUa" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">11,696</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">16,460</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">15,835</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AA_zLjLQwOsT2Ed" style="margin-top: 0; margin-bottom: 0"> </p> <p id="xdx_896_eifrs-full--DisclosureOfAttributionOfExpensesByNatureToTheirFunctionExplanatory_zcrCKCTkUEM9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BA_zVAT14XwhnUa" style="display: none">Schedule of administration expenses</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20250101__20251231_z9yvVPTUXkil" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20240101__20241231_zD5Ye208wcdi" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20230101__20231231_zAgjThOX5QBi" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_403_eifrs-full--WagesAndSalaries_pn3n3_maAEzTPe_ztewTvJiLXW4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">Wages and salaries</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">4,124</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">6,752</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">7,649</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--DepreciationAndAmortisationExpense_pn3n3_maAEzTPe_z1kATofxIoyg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation and amortization</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,425</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,631</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,547</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--ProfessionalFeesExpense_pn3n3_maAEzTPe_zSg3WXk5H0Xf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Professional fees</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,033</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,076</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,605</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_ecustom--ConsultingFees_pn3n3_maAEzTPe_zfwZ4xKdssDj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Consulting fees</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2066">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">638</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,816</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--OtherExpenseByNature_pn3n3_maAEzTPe_zVvkjXGKovF9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other expenses</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,114</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,003</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,218</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--CostOfSalesRoomOccupancyServices_pn3n3_maAEzTPe_zhnJDoAOCJqj" style="vertical-align: bottom; background-color: White"> <td>Reclassification of cost of sales</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2074">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,153</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2076">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories_pn3n3_maAEzTPe_zYLzcXxk8p3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Impairment of inventory</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2078">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,206</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2080">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--AdministrativeExpense_iT_pn3n3_mtAEzTPe_zbEx7kwROlUa" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">11,696</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">16,460</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">15,835</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 4124000 6752000 7649000 2425000 2631000 1547000 2033000 1076000 1605000 638000 1816000 3114000 2003000 3218000 1153000 2206000 11696000 16460000 15835000 <p id="xdx_806_eifrs-full--DisclosureOfSharebasedPaymentArrangementsExplanatory_zk2TEio9HZPk" style="display: none; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>10.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82A_z96yIsSzkRCd">Share-based payments</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2021 Equity Incentive Plan</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On August 5, 2021, the Company’s Board of Directors adopted and approved the 2021 Equity Incentive Plan (the 2021 Plan), which authorized the Company to grant up to <span id="xdx_90E_eifrs-full--NumberOfSharesAuthorised_iI_pid_c20210805__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TwoThousandTwentyOneEquityIncentivePlanMember_z80ptvoYekYl" title="Authorized shares">1,000,000</span> Class A ordinary shares in the form of incentive share options, non-qualified share options, share appreciation rights, restricted awards, performance share awards, cash awards and other share awards. The types of share-based awards, including the rights amount, terms, and exercisability provisions of grants are determined by the Company’s Board of Directors.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Restricted Share Units (RSUs)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company granted no RSU’s to employees and directors during the year ended December 31, 2025 (2024: <span id="xdx_90E_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_pid_uShares_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--EmployeesAndDirectorsMember__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zUJJctog5TV4" title="Grant shares">858</span>). The table below shows the number of RSUs granted covering an equal number of the Company’s Class A ordinary shares and the weighted-average grant date fair value of the RSUs granted:</span></p> <p id="xdx_89D_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory_zaKMDjZcVs1g" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BE_zApWThEC3AN2" style="display: none">Schedule of weighted-average grant date fair value of the RSUs granted</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Number of RSUs</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average grant date fair value per share</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">As at 1 January</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_pid_uShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zwvnOGVKkSH9" style="width: 10%; font-weight: bold; text-align: right" title="Number of RSUs, balance">271</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_pid_uShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zyGuC8pwXUq8" style="width: 10%; text-align: right" title="Number of RSUs, balance">1,682</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zns4mMDYFFbg" style="width: 10%; font-weight: bold; text-align: right" title="Weighted average grant date fair value per share, balance">142.45</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_98A_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zIZwGoCLJgj6" style="width: 10%; font-weight: bold; text-align: right" title="Weighted average grant date fair value per share, balance">142.45</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Correction of prior year error</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--NumberOfInstrumentsOtherEquityInstrumentsCorrectionOfPriorYearError_pid_uShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__custom--CorrectionOfPriorYearErrorMember_zDCWGAyn98Wk" style="text-align: right" title="Number of RSUs, balance"><span style="-sec-ix-hidden: xdx2ixbrl2102">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--NumberOfInstrumentsOtherEquityInstrumentsCorrectionOfPriorYearError_pid_uShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__custom--CorrectionOfPriorYearErrorMember_z1p5ObV3erlc" style="text-align: right" title="Number of RSUs, balance"><span style="-sec-ix-hidden: xdx2ixbrl2104">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsCorrectionOfPriorYearErrorInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__custom--CorrectionOfPriorYearErrorMember_zWjU7JDpq6p4" style="text-align: right" title="Weighted average grant date fair value per share, Correction of prior year error"><span style="-sec-ix-hidden: xdx2ixbrl2106">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsCorrectionOfPriorYearErrorInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__custom--CorrectionOfPriorYearErrorMember_zbteOazlzw" style="text-align: right" title="Weighted average grant date fair value per share, Correction of prior year error"><span style="-sec-ix-hidden: xdx2ixbrl2108">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>As at 1 January (corrected)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_pid_uShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__custom--CorrectionOfPriorYearErrorMember_zrpuiwCCLZ3g" style="font-weight: bold; text-align: right" title="Number of RSUs, balance">271</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_pid_uShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__custom--CorrectionOfPriorYearErrorMember_zH7RUkvyf6Og" style="text-align: right" title="Number of RSUs, balance">1,682</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98B_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zXyiEwEZoTpc" style="font-weight: bold; text-align: right" title="Weighted average grant date fair value per share, balance">142.45</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_983_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zWx2kBG7jZQ9" style="font-weight: bold; text-align: right" title="Weighted average grant date fair value per share, balance"><span style="-sec-ix-hidden: xdx2ixbrl2116">-</span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Granted during the year</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_pid_uShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zVpw5E0yMu77" style="text-align: right" title="Number of RSUs, Granted"><span style="-sec-ix-hidden: xdx2ixbrl2118">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_pid_uShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zAQ1aHYd7Pz5" style="text-align: right" title="Number of RSUs, Granted">858</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zez2Q4azIGg" style="text-align: right" title="Weighted average grant date fair value per share, Granted"><span style="-sec-ix-hidden: xdx2ixbrl2122">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_z9WTWAllRR6g" style="text-align: right" title="Weighted average grant date fair value per share, Granted">40.60</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Vested during the year (1)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_fKDEp_zEaYeYbaqDeg" style="text-align: right" title="Number of RSUs, Vested">(169</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_fKDEp_zSk6bVJ60SJ" style="text-align: right" title="Number of RSUs, Vested">(2,230</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_989_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_fKDEp_zpGZpA5sLz16" style="font-weight: bold; text-align: right" title="Weighted average grant date fair value per share, Vested">197.81</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_fKDEp_z9QcsZlL26bb" style="text-align: right" title="Weighted average grant date fair value per share, Vested">219.37</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Forfeited during the year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zKbxklKPAZm8" style="border-bottom: Black 1pt solid; text-align: right" title="Number of RSUs, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2134">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eifrs-full--NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zV96v6gBvwC9" style="border-bottom: Black 1pt solid; text-align: right" title="Number of RSUs, Forfeited">(39</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_z9pmk3fHbYje" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average grant date fair value per share, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2138">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98B_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zEqcBzrpjXd" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average grant date fair value per share, Forfeited">339.59</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">As at December 31</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_pid_uShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_z4NIpIz3P9Fb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of RSUs, balance">102</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_pid_uShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zVqUDLtDWOpk" style="border-bottom: Black 1pt solid; text-align: right" title="Number of RSUs, balance">271</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_987_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zIx3dcNg1WF7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average grant date fair value per share, balance">142.45</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98F_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zYn4YImGwFLa" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average grant date fair value per share, balance">142.45</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span id="xdx_F09_zqI311RGhQP4" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_F16_zp77XVQZCIXc" style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_eifrs-full--NumberOfSharesIssued_iI_pid_do_c20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zSN4e46aT9Gl" title="Issued shares">No</span> ordinary shares were issued in connection with the RSUs that vested during the year ended December 31, 2025 (2024: <span id="xdx_907_eifrs-full--NumberOfSharesIssued_iI_pid_c20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zA1eMnru6f7k" title="Issued shares">858</span>).</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 40.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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</span></td></tr></table> <p id="xdx_8A2_zRrV4UniE1ba" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 40.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">RSUs are issued as incentive compensation to executives, employees, and non-employee directors with service being the only condition associated with the award. Each RSU represents a right to one share of our common stock, upon vesting. The RSUs are not entitled to voting rights or dividends, if any, until vested. The fair value of the RSUs is determined on the date of grant based on the market price of the Company’s ordinary shares on that date. The fair value of RSUs is expensed rateably over the vesting period, which is generally <span id="xdx_90C_ecustom--FairValueOfRestrictedStockUnitsOverVestingPeriod_dc_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zU8HYIlq5bK9" title="Vesting period">three years</span> for employees. The total expense recognized related to the RSUs was €<span id="xdx_90A_eifrs-full--ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets_pn4n6_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zkIrm8mafJw" title="Expense recognized RSUs">0.01</span> million for the year ended December 31, 2025 (2024: €<span id="xdx_901_eifrs-full--ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets_pn4n6_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zusODEapIYg3" title="Expense recognized RSUs">0.12</span> million). Total unamortized compensation expense related to the RSUs was less than €<span id="xdx_90B_ecustom--UnamortizedCompensationExpense_pn3n6_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zzLfeV0a8uXk" title="Unamortized compensation expense">0.001</span> million as of December 31, 2025 (2024: €<span id="xdx_907_ecustom--UnamortizedCompensationExpense_pn4n6_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zzS9s8OVRlkf" title="Unamortized compensation expense">0.01</span> million), which is expected to be recognized over a remaining average vesting period of <span id="xdx_90A_ecustom--WeightedAverageVestingPeriod_dtY_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zoIi1eiedGh" title="Weighted average vesting period">0.8 </span>years as of December 31, 2025 (2024: <span id="xdx_908_ecustom--WeightedAverageVestingPeriod_dtY_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zSfnesBH07d7" title="Weighted average vesting period">0.4</span> years).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Share options</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company granted <span id="xdx_904_eifrs-full--NumberOfInstrumentsGrantedInSharebasedPaymentArrangement_pid_uShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__custom--EmployeesAndDirectorsMember_zQIYIRItFRs2" title="Option to grant shares">879,240</span> options to employees and directors during the year ended December 31, 2025 (2024: <span id="xdx_900_eifrs-full--NumberOfInstrumentsGrantedInSharebasedPaymentArrangement_pid_uShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__custom--EmployeesAndDirectorsMember_zVcPE8oR1ixi" title="Option to grant shares">474,684</span>), as part of their annual compensation. Such options vest quarterly with service. During the year, no options that had been granted to one of the directors were forfeited (2024: <span id="xdx_906_eifrs-full--NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_pid_uShares_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsMember_zyx0iWPJU1gf" title="Number of options, forfeited">21,577</span>). By year end, <span id="xdx_905_eifrs-full--NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_pid_uShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsMember_zejjgp51MiMe" title="Number of options, forfeited">312,573</span> options had vested (2024: <span id="xdx_90E_eifrs-full--NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_pid_uShares_c20240101__20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsMember_zTxECoXKf1Sk" title="Number of options, vested">653,107</span>).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value of the options granted during the year ended December 31, 2025 were estimated using the Black-Scholes option-pricing model. The inputs for the Black-Scholes model require management’s significant assumptions. The risk-free interest rate was based on a normalized estimate of the 7-year U.S. treasury yield. The Company does not have sufficient company-specific historical and implied volatility information and it therefore estimates its expected share volatility based on historical volatility information of reasonably comparable guideline public companies and itself. The Company expects to continue to do so until such time as it has adequate historical data regarding the volatility of its own traded share price. Expected dividend yield is based on the fact that the Company has never paid cash dividends and its future ability to pay cash dividends on its shares may be limited by the terms of any future debt or preferred securities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_899_eifrs-full--DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory_zpb6lTDTul73" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The range of assumptions that the Company used to determine the grant date fair value of employee and director options granted were as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BB_zPbt3szQDMll" style="display: none">Schedule of grant date fair value of director options granted</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Tranche 2</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Tranche 4</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Directors</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_zsu3D3lh7Ro6" style="width: 14%; text-align: right" title="Volatility">70.91</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_z816g6vPfgr2" style="width: 14%; text-align: right" title="Volatility">82.38</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_zMvdsDv7zmgl" style="width: 14%; text-align: right" title="Volatility">82.38</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected term in years</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--DescriptionOfOptionExpectedTerm_dtY_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_zX2Yv3SaiX88" style="text-align: right" title="Expected term in years">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--DescriptionOfOptionExpectedTerm_dtY_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_zkSXxID40Fr1" style="text-align: right" title="Expected term in years">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--DescriptionOfOptionExpectedTerm_dtY_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_zH32SfIiQRci" style="text-align: right" title="Expected term in years">7</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dividend rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_zudfEzYoBBad" style="text-align: right" title="Dividend rate">0.00</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_zxhG0oYSV9K6" style="text-align: right" title="Dividend rate">0.00</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_zX9sMYkCloKb" style="text-align: right" title="Dividend rate">0.00</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk-free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_zGRD4x20yBej" style="text-align: right" title="Risk-free interest rate">1.58</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_zb3JnzyWdy9k" style="text-align: right" title="Risk-free interest rate">3.41</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_z2eCK5YxjOM4" style="text-align: right" title="Risk-free interest rate">3.41</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Hurdle price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_ecustom--HurdlePriceShareOptionsGranted_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_zgc4odShWyG1" style="text-align: right" title="Hurdle price">18.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--HurdlePriceShareOptionsGranted_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_zjTXKRc99SHj" style="text-align: right" title="Hurdle price"><span style="-sec-ix-hidden: xdx2ixbrl2207">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--HurdlePriceShareOptionsGranted_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_zE7cZFjod8r9" style="text-align: right" title="Hurdle price"><span style="-sec-ix-hidden: xdx2ixbrl2209">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Exercise price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eifrs-full--ExercisePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_zwO1t5cZWoM1" style="text-align: right" title="Exercise price">10.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eifrs-full--ExercisePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_zNkKwNUCk1qe" style="text-align: right" title="Exercise price">4.53</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eifrs-full--ExercisePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_zA4ANCDeHIy2" style="text-align: right" title="Exercise price">4.53</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_z1Vc5XAZrdzl" style="text-align: right" title="Share price">9.42</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_zWrqWf5ero0l" style="text-align: right" title="Share price">4.53</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_zD8Kv4iFUdlc" style="text-align: right" title="Share price">4.53</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Fair value of option on grant date</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_987_ecustom--FairValueOfOptionOnGrantDateShareOptionsGranted_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_zNnYKa5FSbBa" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of option on grant date">6.18</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_985_ecustom--FairValueOfOptionOnGrantDateShareOptionsGranted_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_z6BxmHnEtc4f" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of option on grant date">3.42</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_983_ecustom--FairValueOfOptionOnGrantDateShareOptionsGranted_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_zl0Hdl9riav6" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of option on grant date">3.42</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A3_zKKnC1BW0yS9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_892_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory_zu6WqRGZGdS4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B7_znPScgNoy47" style="display: none">Schedule of weighted-average grant date fair value of the options granted</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of options</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Weighted average Grant date</p> <p style="margin-top: 0; margin-bottom: 0">fair value per share</p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Options outstanding December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfOutstandingShareOptions_iS_pid_uShares_c20250101__20251231_z8DnyQTsMl" style="width: 16%; text-align: right" title="Number of options, Outstanding balance">17,145</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iS_pid_uUSDPShares_c20250101__20251231_zqQNZiyjXmLb" style="width: 16%; text-align: right" title="Weighted average Grant date fair value per share, balance">216.30</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Granted during the year</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_pid_uShares_c20250101__20251231_zqxKdJrbfL12" style="text-align: right" title="Number of options, Granted">879,240</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eifrs-full--WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231_zkWlxJwsby7l" style="text-align: right" title="Weighted average Grant date fair value per share, Granted">3.42</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Vested during the year</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--NumberOfShareOptionsVestedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20250101__20251231_zPsJ1traoqv2" style="text-align: right" title="Number of options, Vested">(312,573</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_ecustom--WeightedAverageExercisePriceOfShareOptionsVestedInSharebasedPaymentsArrangement2019_pid_uUSDPShares_c20250101__20251231_zmFrBa96Pp93" style="text-align: right" title="Weighted average Grant date fair value per share, Vested">0.69</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Forfeited during the year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20250101__20251231_zyqTqswUUiTi" style="border-bottom: Black 1pt solid; text-align: right" title="Number of options, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2243">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231_zDccVBcfNWA7" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average Grant date fair value per share, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2245">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Options outstanding December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iE_pid_uShares_c20250101__20251231_zIpYhFWKjLWj" style="border-bottom: Black 1pt solid; text-align: right" title="Number of options, Outstanding balance">583,812</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_986_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iE_pid_uUSDPShares_c20250101__20251231_zeTUYDXYEEBj" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average Grant date fair value per share, balance">9.67</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A5_zu246wT0jQ1c" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">There were <span id="xdx_900_eifrs-full--DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_pid_c20250101__20251231_z7Pjw9Xi9Kv5" title="Options outstanding">583,812</span> unvested employee and director options outstanding as of December 31, 2025 (2024: <span id="xdx_909_eifrs-full--DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_pid_c20240101__20241231_zFWxyfZNgrw8" title="Options outstanding">17,145</span>). Total expense recognized related to the employee and director share options was €<span id="xdx_90D_eifrs-full--ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets_pn4n6_c20250101__20251231_zgbbQQC9vvG1" title="Expense recognized related to share option">1.39</span> million for the year ended December 31, 2025 (2024: €<span id="xdx_908_eifrs-full--ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets_pn4n6_c20240101__20241231_zVAZlyHzdt1d" title="Expense recognized related to share option">1.91</span> million). Total unamortized compensation expense related to employee and director share options was €<span id="xdx_900_ecustom--UnamortizedCompensationExpense_pn4n6_c20250101__20251231_zJW9y3pREzA9" title="Unamortized compensation expense">3.07</span> million as of December 31, 2025 (2024: €<span id="xdx_90D_ecustom--UnamortizedCompensationExpense_pn4n6_c20240101__20241231_zDF5iJm5rwal" title="Unamortized compensation expense">1.87</span> million), expected to be recognized over a remaining weighted average vesting period of <span id="xdx_905_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20250101__20251231_zY5BE4OZAATe" title="Weighted average vesting period">2.5</span> years as of December 31, 2025 (2024: <span id="xdx_90C_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20240101__20241231_zqNMe9Arzgsj" title="Weighted average vesting period">2</span> years).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Incentive shares</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As part of their compensation package, the non-executive directors that were appointed in December 2020 were granted <span id="xdx_909_eifrs-full--NumberOfInstrumentsGrantedInSharebasedPaymentArrangement_pid_uShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NonExecutiveDirectorsMember_zY24KEzWTxi9" title="Option to grant shares">143</span> shares for each year of service to the Company.</span></p> <p id="xdx_89A_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory_hifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zwOVE5ExZu85" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BB_zedKOpVJHhsa" style="display: none">Schedule of weighted-average grant date fair value of the options granted</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold">Number of shares</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Weighted average Grant date</p> <p style="margin-top: 0; margin-bottom: 0">fair value per share</p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Incentive shares outstanding December 31, 2023</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfOutstandingShareOptions_iS_pid_uShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_z6JvEiHQR4lf" style="width: 16%; text-align: right" title="Number of options, Outstanding balance">143</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iS_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zbihqc32VKub" style="width: 16%; text-align: right" title="Weighted average Grant date fair value per share, balance">805</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Granted</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_pid_uShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zauuW2EMj4pi" style="text-align: right" title="Number of options, Granted"><span style="-sec-ix-hidden: xdx2ixbrl2275">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zNwdk9V5ZzRi" style="text-align: right" title="Weighted average Grant date fair value per share, Granted"><span style="-sec-ix-hidden: xdx2ixbrl2277">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Vested</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--NumberOfShareOptionsVestedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zfPnYwk38hbb" style="text-align: right" title="Number of options, Vested"><span style="-sec-ix-hidden: xdx2ixbrl2279">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--WeightedAverageExercisePriceOfShareOptionsVestedInSharebasedPaymentsArrangement2019_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zZDiu7IcSwhk" style="text-align: right" title="Weighted average Grant date fair value per share, Vested"><span style="-sec-ix-hidden: xdx2ixbrl2281">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Forfeited</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zYuc7jffiAV" style="border-bottom: Black 1pt solid; text-align: right" title="Number of options, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2283">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eifrs-full--WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zQAyScb59UE7" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average Grant date fair value per share, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2285">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Incentive shares outstanding December 31, 2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfOutstandingShareOptions_iS_pid_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zrJ5IK6aEgX8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of options, Outstanding balance">143</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98E_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iS_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_z7cttHfWnP21" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average Grant date fair value per share, balance">805</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Granted</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_pid_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zQFxsTNM4til" style="text-align: right" title="Number of options, Granted"><span style="-sec-ix-hidden: xdx2ixbrl2291">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zqbVBX6nscPh" style="text-align: right" title="Weighted average Grant date fair value per share, Granted"><span style="-sec-ix-hidden: xdx2ixbrl2293">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Vested</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--NumberOfShareOptionsVestedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zFW7wG55vhgd" style="text-align: right" title="Number of options, Vested"><span style="-sec-ix-hidden: xdx2ixbrl2295">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--WeightedAverageExercisePriceOfShareOptionsVestedInSharebasedPaymentsArrangement2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zzkJGu166xq6" style="text-align: right" title="Weighted average Grant date fair value per share, Vested"><span style="-sec-ix-hidden: xdx2ixbrl2297">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Forfeited</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zONA8CEsCTX4" style="border-bottom: Black 1pt solid; text-align: right" title="Number of options, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2299">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eifrs-full--WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zasXLx0ES3Te" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average Grant date fair value per share, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2301">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Incentive shares outstanding December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfOutstandingShareOptions_iE_pid_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zOasRxbZA3ie" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of options, Outstanding balance">143</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_981_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iE_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_z4eTNgNteBU" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average Grant date fair value per share, balance">805</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A4_za0rn96vThn" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The above shares vest at the discretion of the board of directors. In exchange for the share options that were granted above, the holders of the incentive shares agreed to forfeit their rights to incentive shares relating to years two and three of their tenure as a non-executive director. The total expense for these shares recognised in the year ended December 31, 2025 and 2024 was €<span id="xdx_900_eifrs-full--EmployeeBenefitsExpense_pn3n6_dxL_c20250101__20251231_zjHDEKSzsaLe" title="Shares recognised expense::XDX::-"><span style="-sec-ix-hidden: xdx2ixbrl2307">nil</span></span> and €<span id="xdx_90F_eifrs-full--EmployeeBenefitsExpense_pn3n6_c20240101__20241231_zMyy2pMvq94" title="Shares recognised expense">0.003</span> million, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2025, there was no unrecognised share-based payment expense related to the incentive shares. The shares have been recorded at their fair value at December 31, 2025.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Other share-based payment expenses</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Service related warrants</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year, the Group issued equity-settled warrants to third-party service providers as consideration for professional and advisory services rendered. The warrants grant the holders the right to subscribe for a fixed number of the Company’s ordinary shares at a fixed exercise price. They are classified as equity instruments and recognised within the share-based payment reserve under equity.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value of the services received has been recognised as an expense in profit or loss, with a corresponding credit to equity. The fair value of the warrants granted was determined using a Black Scholes Model with observable market inputs at the respective grant dates. These instruments are not subsequently remeasured. The warrants remain in equity unless exercised or otherwise cancelled.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89E_eifrs-full--ExplanationOfEffectOfSharebasedPaymentsOnProfitOrLoss_zLFr6nMj5Ieb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Reconciliation to statement of profit and loss</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span><span id="xdx_8B3_zMyYsPsbhBK2" style="display: none">Schedule of  reconciliation to statement of profit or loss</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250101__20251231_zllYnxG4soXj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20240101__20241231_zjOGpmwLYtec" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20230101__20231231_zfaPoPqxzeE6" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_402_eifrs-full--AdjustmentsForSharebasedPayments_pn3n3_hifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RSUsMember_zRIJgaZDwv2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">RSUs</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">8</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">124</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">464</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--AdjustmentsForSharebasedPayments_pn3n3_hifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--IncentiveSharesMember_z3JEgV4WVYrc" style="vertical-align: bottom; background-color: White"> <td>Incentive shares</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(3</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--AdjustmentsForSharebasedPayments_pn3n3_hifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsMember_zizBXdZDBAWc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Options</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,387</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,928</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,956</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--AdjustmentsForSharebasedPayments_pn3n3_hifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ForfeitureOfOptionsMember_zCL0rLNBOeI2" style="vertical-align: bottom; background-color: White"> <td>Forfeiture of options</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2325">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(17</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,032</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eifrs-full--AdjustmentsForSharebasedPayments_pn3n3_hifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ServiceWarrantsMember_zaOXzOjldyLb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Service warrants</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">170</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">151</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2331">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--AdjustmentsForSharebasedPayments_pn3n3_zdXSDh7wjKf3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Share-based payment expense/ (credit)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,562</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,189</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,393</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AF_zolwJGl4kVuf" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 1000000 858 <p id="xdx_89D_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory_zaKMDjZcVs1g" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BE_zApWThEC3AN2" style="display: none">Schedule of weighted-average grant date fair value of the RSUs granted</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Number of RSUs</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average grant date fair value per share</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">As at 1 January</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_pid_uShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zwvnOGVKkSH9" style="width: 10%; font-weight: bold; text-align: right" title="Number of RSUs, balance">271</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_pid_uShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zyGuC8pwXUq8" style="width: 10%; text-align: right" title="Number of RSUs, balance">1,682</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zns4mMDYFFbg" style="width: 10%; font-weight: bold; text-align: right" title="Weighted average grant date fair value per share, balance">142.45</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_98A_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zIZwGoCLJgj6" style="width: 10%; font-weight: bold; text-align: right" title="Weighted average grant date fair value per share, balance">142.45</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Correction of prior year error</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--NumberOfInstrumentsOtherEquityInstrumentsCorrectionOfPriorYearError_pid_uShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__custom--CorrectionOfPriorYearErrorMember_zDCWGAyn98Wk" style="text-align: right" title="Number of RSUs, balance"><span style="-sec-ix-hidden: xdx2ixbrl2102">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--NumberOfInstrumentsOtherEquityInstrumentsCorrectionOfPriorYearError_pid_uShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__custom--CorrectionOfPriorYearErrorMember_z1p5ObV3erlc" style="text-align: right" title="Number of RSUs, balance"><span style="-sec-ix-hidden: xdx2ixbrl2104">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsCorrectionOfPriorYearErrorInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__custom--CorrectionOfPriorYearErrorMember_zWjU7JDpq6p4" style="text-align: right" title="Weighted average grant date fair value per share, Correction of prior year error"><span style="-sec-ix-hidden: xdx2ixbrl2106">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsCorrectionOfPriorYearErrorInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__custom--CorrectionOfPriorYearErrorMember_zbteOazlzw" style="text-align: right" title="Weighted average grant date fair value per share, Correction of prior year error"><span style="-sec-ix-hidden: xdx2ixbrl2108">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>As at 1 January (corrected)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_pid_uShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__custom--CorrectionOfPriorYearErrorMember_zrpuiwCCLZ3g" style="font-weight: bold; text-align: right" title="Number of RSUs, balance">271</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_pid_uShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember__srt--RestatementAxis__custom--CorrectionOfPriorYearErrorMember_zH7RUkvyf6Og" style="text-align: right" title="Number of RSUs, balance">1,682</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_98B_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zXyiEwEZoTpc" style="font-weight: bold; text-align: right" title="Weighted average grant date fair value per share, balance">142.45</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_983_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zWx2kBG7jZQ9" style="font-weight: bold; text-align: right" title="Weighted average grant date fair value per share, balance"><span style="-sec-ix-hidden: xdx2ixbrl2116">-</span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Granted during the year</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_pid_uShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zVpw5E0yMu77" style="text-align: right" title="Number of RSUs, Granted"><span style="-sec-ix-hidden: xdx2ixbrl2118">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_pid_uShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zAQ1aHYd7Pz5" style="text-align: right" title="Number of RSUs, Granted">858</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zez2Q4azIGg" style="text-align: right" title="Weighted average grant date fair value per share, Granted"><span style="-sec-ix-hidden: xdx2ixbrl2122">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_z9WTWAllRR6g" style="text-align: right" title="Weighted average grant date fair value per share, Granted">40.60</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Vested during the year (1)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_fKDEp_zEaYeYbaqDeg" style="text-align: right" title="Number of RSUs, Vested">(169</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_fKDEp_zSk6bVJ60SJ" style="text-align: right" title="Number of RSUs, Vested">(2,230</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_989_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_fKDEp_zpGZpA5sLz16" style="font-weight: bold; text-align: right" title="Weighted average grant date fair value per share, Vested">197.81</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_fKDEp_z9QcsZlL26bb" style="text-align: right" title="Weighted average grant date fair value per share, Vested">219.37</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Forfeited during the year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zKbxklKPAZm8" style="border-bottom: Black 1pt solid; text-align: right" title="Number of RSUs, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2134">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eifrs-full--NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zV96v6gBvwC9" style="border-bottom: Black 1pt solid; text-align: right" title="Number of RSUs, Forfeited">(39</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_z9pmk3fHbYje" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average grant date fair value per share, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2138">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98B_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zEqcBzrpjXd" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average grant date fair value per share, Forfeited">339.59</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">As at December 31</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_pid_uShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_z4NIpIz3P9Fb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of RSUs, balance">102</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_pid_uShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zVqUDLtDWOpk" style="border-bottom: Black 1pt solid; text-align: right" title="Number of RSUs, balance">271</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_987_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zIx3dcNg1WF7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average grant date fair value per share, balance">142.45</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98F_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zYn4YImGwFLa" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average grant date fair value per share, balance">142.45</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span id="xdx_F09_zqI311RGhQP4" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span id="xdx_F16_zp77XVQZCIXc" style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_eifrs-full--NumberOfSharesIssued_iI_pid_do_c20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zSN4e46aT9Gl" title="Issued shares">No</span> ordinary shares were issued in connection with the RSUs that vested during the year ended December 31, 2025 (2024: <span id="xdx_907_eifrs-full--NumberOfSharesIssued_iI_pid_c20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--RestrictedShareUnitsMember_zA1eMnru6f7k" title="Issued shares">858</span>).</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 40.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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</span></td></tr></table> 271 1682 142.45 142.45 271 1682 142.45 858 40.60 169 2230 197.81 219.37 39 339.59 102 271 142.45 142.45 0 858 P3Y 10000.00 120000 1000.000 10000.00 P0Y9M18D P0Y4M24D 879240 474684 21577 312573 653107 <p id="xdx_899_eifrs-full--DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory_zpb6lTDTul73" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The range of assumptions that the Company used to determine the grant date fair value of employee and director options granted were as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BB_zPbt3szQDMll" style="display: none">Schedule of grant date fair value of director options granted</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Tranche 2</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Tranche 4</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Directors</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_zsu3D3lh7Ro6" style="width: 14%; text-align: right" title="Volatility">70.91</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_z816g6vPfgr2" style="width: 14%; text-align: right" title="Volatility">82.38</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_zMvdsDv7zmgl" style="width: 14%; text-align: right" title="Volatility">82.38</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected term in years</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--DescriptionOfOptionExpectedTerm_dtY_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_zX2Yv3SaiX88" style="text-align: right" title="Expected term in years">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--DescriptionOfOptionExpectedTerm_dtY_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_zkSXxID40Fr1" style="text-align: right" title="Expected term in years">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--DescriptionOfOptionExpectedTerm_dtY_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_zH32SfIiQRci" style="text-align: right" title="Expected term in years">7</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dividend rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_zudfEzYoBBad" style="text-align: right" title="Dividend rate">0.00</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_zxhG0oYSV9K6" style="text-align: right" title="Dividend rate">0.00</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_zX9sMYkCloKb" style="text-align: right" title="Dividend rate">0.00</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk-free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_zGRD4x20yBej" style="text-align: right" title="Risk-free interest rate">1.58</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_zb3JnzyWdy9k" style="text-align: right" title="Risk-free interest rate">3.41</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_z2eCK5YxjOM4" style="text-align: right" title="Risk-free interest rate">3.41</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Hurdle price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_ecustom--HurdlePriceShareOptionsGranted_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_zgc4odShWyG1" style="text-align: right" title="Hurdle price">18.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--HurdlePriceShareOptionsGranted_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_zjTXKRc99SHj" style="text-align: right" title="Hurdle price"><span style="-sec-ix-hidden: xdx2ixbrl2207">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--HurdlePriceShareOptionsGranted_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_zE7cZFjod8r9" style="text-align: right" title="Hurdle price"><span style="-sec-ix-hidden: xdx2ixbrl2209">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Exercise price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eifrs-full--ExercisePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_zwO1t5cZWoM1" style="text-align: right" title="Exercise price">10.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eifrs-full--ExercisePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_zNkKwNUCk1qe" style="text-align: right" title="Exercise price">4.53</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eifrs-full--ExercisePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_zA4ANCDeHIy2" style="text-align: right" title="Exercise price">4.53</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Share price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_z1Vc5XAZrdzl" style="text-align: right" title="Share price">9.42</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_zWrqWf5ero0l" style="text-align: right" title="Share price">4.53</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_zD8Kv4iFUdlc" style="text-align: right" title="Share price">4.53</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Fair value of option on grant date</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_987_ecustom--FairValueOfOptionOnGrantDateShareOptionsGranted_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheTwoMember_zNnYKa5FSbBa" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of option on grant date">6.18</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_985_ecustom--FairValueOfOptionOnGrantDateShareOptionsGranted_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--TrancheFourMember_z6BxmHnEtc4f" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of option on grant date">3.42</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_983_ecustom--FairValueOfOptionOnGrantDateShareOptionsGranted_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DirectorsMember_zl0Hdl9riav6" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of option on grant date">3.42</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 0.7091 0.8238 0.8238 P7Y P7Y P7Y 0.0000 0.0000 0.0000 0.0158 0.0341 0.0341 18.00 10.50 4.53 4.53 9.42 4.53 4.53 6.18 3.42 3.42 <p id="xdx_892_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory_zu6WqRGZGdS4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B7_znPScgNoy47" style="display: none">Schedule of weighted-average grant date fair value of the options granted</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Number of options</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Weighted average Grant date</p> <p style="margin-top: 0; margin-bottom: 0">fair value per share</p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Options outstanding December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfOutstandingShareOptions_iS_pid_uShares_c20250101__20251231_z8DnyQTsMl" style="width: 16%; text-align: right" title="Number of options, Outstanding balance">17,145</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iS_pid_uUSDPShares_c20250101__20251231_zqQNZiyjXmLb" style="width: 16%; text-align: right" title="Weighted average Grant date fair value per share, balance">216.30</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Granted during the year</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_pid_uShares_c20250101__20251231_zqxKdJrbfL12" style="text-align: right" title="Number of options, Granted">879,240</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eifrs-full--WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231_zkWlxJwsby7l" style="text-align: right" title="Weighted average Grant date fair value per share, Granted">3.42</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Vested during the year</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--NumberOfShareOptionsVestedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20250101__20251231_zPsJ1traoqv2" style="text-align: right" title="Number of options, Vested">(312,573</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_ecustom--WeightedAverageExercisePriceOfShareOptionsVestedInSharebasedPaymentsArrangement2019_pid_uUSDPShares_c20250101__20251231_zmFrBa96Pp93" style="text-align: right" title="Weighted average Grant date fair value per share, Vested">0.69</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Forfeited during the year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20250101__20251231_zyqTqswUUiTi" style="border-bottom: Black 1pt solid; text-align: right" title="Number of options, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2243">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231_zDccVBcfNWA7" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average Grant date fair value per share, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2245">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Options outstanding December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iE_pid_uShares_c20250101__20251231_zIpYhFWKjLWj" style="border-bottom: Black 1pt solid; text-align: right" title="Number of options, Outstanding balance">583,812</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_986_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iE_pid_uUSDPShares_c20250101__20251231_zeTUYDXYEEBj" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average Grant date fair value per share, balance">9.67</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 17145 216.30 879240 3.42 312573 0.69 583812 9.67 583812 17145 1390000 1910000 3070000.00 1870000 P2Y6M P2Y 143 <p id="xdx_89A_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory_hifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zwOVE5ExZu85" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BB_zedKOpVJHhsa" style="display: none">Schedule of weighted-average grant date fair value of the options granted</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold">Number of shares</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Weighted average Grant date</p> <p style="margin-top: 0; margin-bottom: 0">fair value per share</p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Incentive shares outstanding December 31, 2023</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfOutstandingShareOptions_iS_pid_uShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_z6JvEiHQR4lf" style="width: 16%; text-align: right" title="Number of options, Outstanding balance">143</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iS_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zbihqc32VKub" style="width: 16%; text-align: right" title="Weighted average Grant date fair value per share, balance">805</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Granted</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_pid_uShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zauuW2EMj4pi" style="text-align: right" title="Number of options, Granted"><span style="-sec-ix-hidden: xdx2ixbrl2275">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zNwdk9V5ZzRi" style="text-align: right" title="Weighted average Grant date fair value per share, Granted"><span style="-sec-ix-hidden: xdx2ixbrl2277">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Vested</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--NumberOfShareOptionsVestedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zfPnYwk38hbb" style="text-align: right" title="Number of options, Vested"><span style="-sec-ix-hidden: xdx2ixbrl2279">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--WeightedAverageExercisePriceOfShareOptionsVestedInSharebasedPaymentsArrangement2019_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zZDiu7IcSwhk" style="text-align: right" title="Weighted average Grant date fair value per share, Vested"><span style="-sec-ix-hidden: xdx2ixbrl2281">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Forfeited</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zYuc7jffiAV" style="border-bottom: Black 1pt solid; text-align: right" title="Number of options, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2283">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eifrs-full--WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20240101__20241231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zQAyScb59UE7" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average Grant date fair value per share, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2285">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Incentive shares outstanding December 31, 2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfOutstandingShareOptions_iS_pid_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zrJ5IK6aEgX8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of options, Outstanding balance">143</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_98E_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iS_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_z7cttHfWnP21" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average Grant date fair value per share, balance">805</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Granted</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_pid_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zQFxsTNM4til" style="text-align: right" title="Number of options, Granted"><span style="-sec-ix-hidden: xdx2ixbrl2291">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zqbVBX6nscPh" style="text-align: right" title="Weighted average Grant date fair value per share, Granted"><span style="-sec-ix-hidden: xdx2ixbrl2293">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Vested</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--NumberOfShareOptionsVestedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zFW7wG55vhgd" style="text-align: right" title="Number of options, Vested"><span style="-sec-ix-hidden: xdx2ixbrl2295">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--WeightedAverageExercisePriceOfShareOptionsVestedInSharebasedPaymentsArrangement2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zzkJGu166xq6" style="text-align: right" title="Weighted average Grant date fair value per share, Vested"><span style="-sec-ix-hidden: xdx2ixbrl2297">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Forfeited</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_iN_pid_di_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zONA8CEsCTX4" style="border-bottom: Black 1pt solid; text-align: right" title="Number of options, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2299">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eifrs-full--WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zasXLx0ES3Te" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average Grant date fair value per share, Forfeited"><span style="-sec-ix-hidden: xdx2ixbrl2301">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Incentive shares outstanding December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfOutstandingShareOptions_iE_pid_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_zOasRxbZA3ie" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of options, Outstanding balance">143</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td id="xdx_981_eifrs-full--WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_iE_pid_uUSDPShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--NonExecutiveDirectorsMember_z4eTNgNteBU" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted average Grant date fair value per share, balance">805</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 143 805 143 805 143 805 3000.000 <p id="xdx_89E_eifrs-full--ExplanationOfEffectOfSharebasedPaymentsOnProfitOrLoss_zLFr6nMj5Ieb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Reconciliation to statement of profit and loss</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span><span id="xdx_8B3_zMyYsPsbhBK2" style="display: none">Schedule of  reconciliation to statement of profit or loss</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250101__20251231_zllYnxG4soXj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20240101__20241231_zjOGpmwLYtec" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20230101__20231231_zfaPoPqxzeE6" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_402_eifrs-full--AdjustmentsForSharebasedPayments_pn3n3_hifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--RSUsMember_zRIJgaZDwv2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%">RSUs</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">8</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">124</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">464</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--AdjustmentsForSharebasedPayments_pn3n3_hifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--IncentiveSharesMember_z3JEgV4WVYrc" style="vertical-align: bottom; background-color: White"> <td>Incentive shares</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(3</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--AdjustmentsForSharebasedPayments_pn3n3_hifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsMember_zizBXdZDBAWc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Options</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,387</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,928</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,956</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--AdjustmentsForSharebasedPayments_pn3n3_hifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ForfeitureOfOptionsMember_zCL0rLNBOeI2" style="vertical-align: bottom; background-color: White"> <td>Forfeiture of options</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2325">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(17</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,032</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eifrs-full--AdjustmentsForSharebasedPayments_pn3n3_hifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--ServiceWarrantsMember_zaOXzOjldyLb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Service warrants</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">170</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">151</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2331">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--AdjustmentsForSharebasedPayments_pn3n3_zdXSDh7wjKf3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Share-based payment expense/ (credit)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,562</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,189</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,393</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 8000 124000 464000 -3000 3000 5000 1387000 1928000 1956000 -17000 -1032000 170000 151000 1562000 2189000 1393000 <p id="xdx_80A_eifrs-full--DisclosureOfFinanceIncomeExpenseExplanatory_z7LtnwtPz3f9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>11.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_828_zcNm7bBw57vg">Finance costs/ income</span></b></span></td></tr></table> <p id="xdx_898_ecustom--DisclosureOfDetailedInformationAboutFinanceCostsIncomeTableTextBlock_zjKj4lkVbQB6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B4_zc2Z3LjdSO2i" style="display: none">Schedule of finance costs and income</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250101__20251231_ztSRqghnKst3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20240101__20241231_z5RLIfzHvoqh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20230101__20231231_zajh7TLNizIb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--InterestRevenueExpense_pn3n3_zs94db2qx073" style="vertical-align: bottom; background-color: White"> <td style="width: 46%; text-align: left">Interest payable and similar expense</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">(24</td><td style="width: 1%; font-weight: bold; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">(525</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">58</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--OtherFinanceIncomeCost_pn3n3_zNrEk38Sqtmd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other finance income/(costs)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2345">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(544</td><td style="text-align: left">)</td></tr> <tr id="xdx_404_ecustom--FairValueLossOnShorttermInvestments_pn3n3_ziJGgZyTprc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Fair value loss on short-term investments</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2349">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2350">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2351">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--ExchangeRateVariancesFinanceCosts_pn3n3_zLF7iQhiSDVk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Exchange Rate variances</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(883</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">316</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">51</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--DerivativeFinancialInstrumentsMovements_pn3n3_zkBxyYilLZS4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Derivative financial instruments movements</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,392</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">462</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6886</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--FinanceIncomeCost_iT_pn3n3_zMcAmepQce36" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Finance income</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,485</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">230</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6,451</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in">Exchange rate variances for 2025 comprise exchange differences on monetary items. Exchange differences arising on the translation of foreign operations, previously included in this line (a gain of €<span id="xdx_902_eifrs-full--AdjustmentsForFinanceCosts_pn3n3_uEUR_c20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zj9jyARCrJii" title="Adjustments for finance costs / income">3,126</span>k), are recognised in other comprehensive income (restated – refer to Note 5).</p> <p id="xdx_898_ecustom--DisclosureOfDetailedInformationAboutFinanceCostsIncomeTableTextBlock_zjKj4lkVbQB6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B4_zc2Z3LjdSO2i" style="display: none">Schedule of finance costs and income</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20250101__20251231_ztSRqghnKst3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20240101__20241231_z5RLIfzHvoqh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20230101__20231231_zajh7TLNizIb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--InterestRevenueExpense_pn3n3_zs94db2qx073" style="vertical-align: bottom; background-color: White"> <td style="width: 46%; text-align: left">Interest payable and similar expense</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">(24</td><td style="width: 1%; font-weight: bold; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">(525</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">58</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--OtherFinanceIncomeCost_pn3n3_zNrEk38Sqtmd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other finance income/(costs)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2345">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(24</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(544</td><td style="text-align: left">)</td></tr> <tr id="xdx_404_ecustom--FairValueLossOnShorttermInvestments_pn3n3_ziJGgZyTprc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Fair value loss on short-term investments</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2349">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2350">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2351">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--ExchangeRateVariancesFinanceCosts_pn3n3_zLF7iQhiSDVk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Exchange Rate variances</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(883</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">316</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">51</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--DerivativeFinancialInstrumentsMovements_pn3n3_zkBxyYilLZS4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Derivative financial instruments movements</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,392</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">462</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6886</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--FinanceIncomeCost_iT_pn3n3_zMcAmepQce36" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Finance income</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,485</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">230</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6,451</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in">Exchange rate variances for 2025 comprise exchange differences on monetary items. Exchange differences arising on the translation of foreign operations, previously included in this line (a gain of €<span id="xdx_902_eifrs-full--AdjustmentsForFinanceCosts_pn3n3_uEUR_c20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zj9jyARCrJii" title="Adjustments for finance costs / income">3,126</span>k), are recognised in other comprehensive income (restated – refer to Note 5).</p> -24000 -525000 58000 -24000 -544000 -883000 316000 51000 3392000 462000 6886000 2485000 230000 6451000 3126000 <p id="xdx_809_ecustom--DisclosureOfProfitLossOnDeconsolidationDueToInsolvencyTextBlock_zhA9zFs2bcf2" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_829_zGk3HUFOTdO1">Profit / (loss) on deconsolidation due to insolvency</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">During the year ended 31 December 2025, the Group lost control of its subsidiary, Hanoi Asset Management, following the commencement of formal insolvency proceedings. As a result, the entity was deconsolidated from the Group’s consolidated financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">Control was deemed to have been lost on the date the court-appointed insolvency administrator assumed authority over the financial and operational decisions of Hanoi Asset Management (4 December 2025). From that date, the Group no longer had power over the relevant activities of the entity or rights to its variable returns.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hanoi Asset Management is a Spanish-incorporated entity whose functional currency is the Euro. Accordingly, no foreign currency translation differences arose during the period of consolidation and no amounts were reclassified from equity to profit or loss on deconsolidation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">The Group derecognised:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font: normal 10pt Times New Roman, Times, Serif">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif">all assets and liabilities of Hanoi Asset Management;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 58.2pt; text-indent: -0.25in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font: normal 10pt Times New Roman, Times, Serif">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif">any cumulative translation differences relating to the subsidiary; and</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 58.2pt; text-indent: -0.25in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font: normal 10pt Times New Roman, Times, Serif">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif">the net investment in the entity.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 58.2pt; text-indent: -0.25in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">As a consequence of the insolvency, the Group will receive no proceeds in respect of its investment in Hanoi Asset Management, nor will it be liable for any remaining obligations of the entity. Therefore, on deconsolidation, the carrying value of the respective assets and liabilities of Hanoi Asset Management were removed from the Group’s books at cost. At the date of deconsolidation, the net liabilities of Hanoi Asset Management exceeded its assets by approximately €<span id="xdx_90F_eifrs-full--OtherAssets_iI_pn4n6_c20251231_z2KrDbplkvQd" title="Other assets">1.23</span> million. As a result, a profit on deconsolidation of €<span id="xdx_90E_ecustom--ProfitOnDeconsolidation_pn4n6_c20250101__20251231_zrTC8D8dKn3c" title="Profit on deconsolidation">1.23</span> million was recognised in the consolidated statement of profit or loss under “Profit / (loss) on deconsolidation of subsidiary”.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p id="xdx_89E_ecustom--DisclosureOfProfitOnDeconsolidationTextBlock_zg00NGcy0Zjb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">No consideration was received, and no retained interest in the subsidiary was held by the Group.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B6_z0ksZm2wdPg7" style="display: none">Schedule of profit on deconsolidation</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20250101__20251231_z2ogH7gqUN0c" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40A_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_pn3n3_hifrs-full--ClassesOfFinancialAssetsAxis__custom--TotalAssetsMember_zNensscqbiL8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2375">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_pn3n3_hifrs-full--ClassesOfFinancialAssetsAxis__custom--TotalLiabilitiesMember_zHuQFHXLIml5" style="vertical-align: bottom; background-color: White"> <td style="width: 80%; text-align: left; padding-bottom: 1pt">Total liabilities</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">1,225</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_pn3n3_zRLm1hXkToF8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Profit on deconsolidation</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,225</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A9_zEKrEg4mwyOh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 1230000 1230000 <p id="xdx_89E_ecustom--DisclosureOfProfitOnDeconsolidationTextBlock_zg00NGcy0Zjb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">No consideration was received, and no retained interest in the subsidiary was held by the Group.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B6_z0ksZm2wdPg7" style="display: none">Schedule of profit on deconsolidation</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20250101__20251231_z2ogH7gqUN0c" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40A_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_pn3n3_hifrs-full--ClassesOfFinancialAssetsAxis__custom--TotalAssetsMember_zNensscqbiL8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2375">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_pn3n3_hifrs-full--ClassesOfFinancialAssetsAxis__custom--TotalLiabilitiesMember_zHuQFHXLIml5" style="vertical-align: bottom; background-color: White"> <td style="width: 80%; text-align: left; padding-bottom: 1pt">Total liabilities</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">1,225</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_pn3n3_zRLm1hXkToF8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Profit on deconsolidation</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,225</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 1225000 1225000 <p id="xdx_80D_eifrs-full--DisclosureOfIncomeTaxExplanatory_zONnMIH0VVqb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>13.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_828_zggDQLnmJUIe">Taxation</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">The Group recorded a loss before income tax of €<span id="xdx_90E_eifrs-full--ProfitLossBeforeTax_iN_pn5n6_di_c20250101__20251231_zN0XY0DZuR7j" title="Profit (loss) before tax">5.1</span> million for the year ended 31 December 2025 (restated) (2024: €<span id="xdx_90A_eifrs-full--ProfitLossBeforeTax_iN_pn5n6_di_c20240101__20241231_zf34LWoEmyp" title="Profit (loss) before tax">15.3</span> million; 2023: €<span id="xdx_90B_eifrs-full--ProfitLossBeforeTax_iN_pn5n6_di_c20230101__20231231_zATjef87pg6d" title="Profit (loss) before tax">30.9</span> million). The reduction in losses compared to the prior year reflects the absence of significant non-cash charges recognised in 2024, including fair value movements on derivative financial instruments, together with the contribution of a full year of trading from QIND and its subsidiary Al Shola Gas. The restated loss before tax includes fair value gains on derivative financial instruments of €<span id="xdx_909_ecustom--FairValueGainsOnDerivativeFinancialInstruments_iI_pn5n6_c20251231_zJ1zKAITwPr5" title="Fair value gains on derivative financial instruments">3.4</span> million, which are not taxable, and an impairment of goodwill of €<span id="xdx_908_eifrs-full--ImpairmentLossRecognisedInProfitOrLossGoodwill_pn5n6_c20250101__20251231_zXdVu6JfS7hl" title="Goodwill impairment">1.1</span> million, which is not deductible.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">For the year ended 31 December 2025, the Group recognised an income tax credit of €<span id="xdx_900_eifrs-full--CurrentTaxExpenseIncome_pn5n6_c20250101__20251231_zejw3Q7KPla" title="Income tax credit">0.1</span> million (2024: €<span id="xdx_90E_eifrs-full--CurrentTaxExpenseIncome_pn4n6_c20240101__20241231_ztcQHwIxGfd4" title="Income tax credit">0.03</span> million charge). The credit reflects the release of the deferred tax liability recognised on the QIND purchase price allocation intangibles as they are amortised, less the current tax expense on the taxable profits of Al Shola Gas.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">During 2025, the Group’s operations were subject to a range of statutory tax rates, including <span id="xdx_908_eifrs-full--TaxRateEffectOfForeignTaxRates_pid_dp_uPure_c20250101__20251231_zz6tkaoanZYc" title="Tax rate">12.5</span>% in Ireland on trading income, <span id="xdx_909_ecustom--RateOfApplicable_pid_dp_uPure_c20250101__20251231__srt--StatementGeographicalAxis__country--IE_zQv0ooPssr15" title="Rate of applicable">25</span>% in Spain, and <span id="xdx_90B_ecustom--RateOfApplicable_pid_dp_uPure_c20250101__20251231__srt--StatementGeographicalAxis__country--AE_z2vrOh16mMyd" title="Rate of applicable">9</span>% in the United Arab Emirates, where Al Shola Gas operates.</span></p> <p id="xdx_892_eifrs-full--DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory_zUP4938V2PYh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B9_zOfjuzT2sZKg" style="display: none">Schedule of reconciliation between taxes on income / losses</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_490_20250101__20251231_zgHISdIfaEi8" style="font-weight: bold; text-align: right">2025</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20240101__20241231_zOKI3nDC6nZ2" style="font-weight: bold; text-align: right">2024</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20230101__20231231_zEddxPYOgSm4" style="font-weight: bold; text-align: right">2023</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_408_eifrs-full--ProfitLossBeforeTax_pn3n3_msITECOziRA_zaBvQqUAKMM2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">Profit/ (loss) before tax</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">(5,072</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">(15,254</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">(30,857</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_40D_eifrs-full--TaxExpenseIncomeAtApplicableTaxRate_pn3n3_maITECOziRA_zYXEAJylZTqe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Tax using Company’s domestic tax rate at <span id="xdx_90D_eifrs-full--ApplicableTaxRate_pid_dp_uPure_c20250101__20251231_zpAsRAvvbTH1" title="Applicable tax rate"><span id="xdx_90A_eifrs-full--ApplicableTaxRate_pid_dp_uPure_c20240101__20241231_zWvHdvlTA4dd" title="Applicable tax rate"><span id="xdx_906_eifrs-full--ApplicableTaxRate_pid_dp_uPure_c20230101__20231231_z8qI5ymC79ub" title="Applicable tax rate">12.5</span></span></span>%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">634</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,907</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,857</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic">Tax effect of:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--NondeductibleExpensesNontaxableIncome_pn3n3_msITECOziRA_z9GRvasmU2rb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Non-deductible expenses / non-taxable income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">211</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(764</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(967</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_ecustom--CurrentyearLossesForWhichNoDeferredTaxAssetIsRecognized_pn3n3_maITECOziRA_zVefLYcuGd0b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current-year losses for which no deferred tax asset is recognized</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(508</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(805</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,647</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_ecustom--ImpactsOfDifferentForeignTaxRates_pn3n3_maITECOziRA_zSi4aAhpxmo6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Impacts of different foreign tax rates</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(64</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">156</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,916</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--TaxEffectFromChangeInTaxRate_pn3n3_maITECOziRA_z5Ny88X2i309" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Tax expense of acquired subsidiary (QIND)<span id="xdx_F42_zvCBxM0woCT6">*</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(146</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(25</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2433">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--TaxEffectFromReleaseOfDeferredTaxLiabilitiesQindPpa_pn3n3_maITECOziRA_zcuePEYyJQR6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Release of deferred tax liabilities (QIND PPA)<span id="xdx_F41_zI6XTO1fXUk">*</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">238</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2436">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2437">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss_iN_pn3n3_di_maITECOziRA_z4vdFSl1hMfa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Impairment of goodwill - not deductible</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(132</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2440">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2441">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--ConsolidationAdjustmentsAndDeconsolidatedEntitiesNotSubjectToGroupTax_pn3n3_maITECOziRA_zKgxZtsiObq1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Consolidation adjustments and deconsolidated entities not subject to Group tax</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(141</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2444">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2445">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--IncomeTaxExpenseContinuingOperations_iT_pn3n3_mtITECOziRA_zO94jUaEiTjd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total tax</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">92</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">470</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">159</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span id="xdx_F0F_ztxGFGwuKRMj" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="width: 5pt"></td><td style="text-align: justify"><span id="xdx_F1A_zk9nDx30Pfaf" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The income tax credit for the year ended 31 December 2025 of €<span id="xdx_90D_eifrs-full--CurrentTaxExpenseIncome_pn5n6_c20250101__20251231_zPniRxR9dyW7" title="Current tax expense">0.1</span> million comprises the release of the deferred tax liability recognised on the QIND purchase price allocation intangibles (€<span id="xdx_908_ecustom--DeferredTaxLiablityPurchasePriceAllocationIntangibles_pn4n6_c20250101__20251231_zNWBUS8BQQgj" title="Purchase price allocation intangibles">0.24</span> million), less the current tax expense of Al Shola Gas (€<span id="xdx_90C_eifrs-full--CurrentTaxExpenseIncome_pn4n6_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--AlSholaGasMember_zvjxbbJMqUH8" title="Current tax expense">0.15</span> million). No tax arises in Ireland or Spain, as current-year losses are not recognised as deferred tax assets. The income tax charge for the year ended 31 December 2024 of €<span id="xdx_904_eifrs-full--CurrentTaxExpenseIncome_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--QualityIndustrialCorpMember_zyklgik7NDOg" title="Current tax expense">25</span>k comprises the tax expense of QIND.</span></td> </tr></table> <p id="xdx_8AB_zSJRYKK8zep5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Deferred tax liability</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The deferred tax liability recognised on the Group’s balance sheet relates entirely to the fair value uplift of identifiable intangible assets acquired in the QIND business combination (see Note 15). The deferred tax liability is being released to profit or loss over the useful lives of the underlying intangibles as they are amortised. The deferred tax liability is denominated in US dollars and is translated at the closing rate, with exchange differences recognised in other comprehensive income (restated – refer to Note 5). The movement during the year was as follows:</span></p> <p id="xdx_897_ecustom--ScheduleOfDeferredTaxLiabilityExplanatory_zvXyYOJS4b0h" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B6_zQxE4FwpmBjj" style="display: none">Schedule of deferred tax liability</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_490_20250101__20251231_zaKNEBvFl8fi" style="font-weight: bold; text-align: right">2025</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20240101__20241231_z3fB7cnPscDj" style="font-weight: bold; text-align: right">2024</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_405_eifrs-full--DeferredTaxLiabilityAsset_iS_pn3n3_zqVYc941tlMh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Opening balance</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">(2,198</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2463">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--DeferredTaxExpenseIncomeRecognisedOnAcquisitionOfQind_pn3n3_z2rkZumKIu2f" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Recognised on acquisition of QIND</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2465">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,198</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eifrs-full--DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_pn3n3_zGqGBqq9InMi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Released to profit or loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">238</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2469">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_pn3n3_zzvFuk6IV898" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Exchange differences</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">219</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2472">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--DeferredTaxLiabilityAsset_iE_pn3n3_zbohFWsbP8Sc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Closing balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,741</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,198</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> </table> <p id="xdx_8AF_z31vbGzdGIrf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Unrecognised deferred tax assets</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_898_ecustom--ScheduleOfUnrecognisedDeferredTaxAssetsExplanatory_z3k8G2UrLTAb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group has not recognised deferred tax assets in respect of the following items, on the basis that it is not considered probable that sufficient future taxable profits will be available in the relevant jurisdictions against which the unused tax losses and deductible temporary differences could be utilised:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B5_zC5r4hzL98Xi" style="display: none">Schedule of unrecognised deferred tax assets</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49E_20251231_zZDuhqcJkJDi" style="font-weight: bold; text-align: right">2025</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_496_20241231_zA5nJ6e1ahE7" style="font-weight: bold; text-align: right">2024</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40F_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_pn3n3_zXa9TjBiuaT4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Unused tax losses</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">2,423</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">2,935</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised_iI_pn3n3_zXeMFN5tTWU5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Deductible temporary differences - share-based payments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">195</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">393</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--DeferredTaxAssets_iTI_pn3n3_zYuWwqTg6Fl1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total unrecognised deferred tax assets</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,618</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,328</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A5_zb8Xwn4PC9kl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The significant reduction between years reflects the deconsolidation of Group entities during 2025, particularly Hanoi Asset Management, following which the accumulated tax losses and deductible temporary differences of these entities are no longer available to the Group. The 2024 comparatives have been re-presented on the same basis as 2025, being cumulative unused tax losses and deductible temporary differences at the applicable tax rates (previously presented: unused tax losses €<span id="xdx_90A_ecustom--CurrentyearLossesForWhichNoDeferredTaxAssetIsRecognized_iN_pn3n3_di_c20240101__20241231_zLPBek064Cff" title="Current-year losses for which no deferred tax asset is recognized">805</span>k, being 2024 losses only, and share-based payments €<span id="xdx_907_ecustom--TaxRateEffectOfSharebasedPayments_pn3n3_c20240101__20241231_zQvqD24wu6v2" title="Share-based payments">3,124</span>k).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Unused tax losses by jurisdiction</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The gross unused tax losses available to the Group’s continuing operations at 31 December 2025, by jurisdiction, are set out below:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ireland (FFG): €<span id="xdx_903_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_pn5n6_c20251231__srt--StatementGeographicalAxis__country--IE_z28SPR2ZyPl6" title="Unused trading losses">18.7</span> million of unused trading losses, which may be carried forward indefinitely and offset against future Irish trading income at the prevailing corporate tax rate of <span id="xdx_900_eifrs-full--TaxRateEffectOfForeignTaxRates_pid_dp_uPure_c20250101__20251231__srt--StatementGeographicalAxis__country--IE_zuNb2V1MnwU9" title="Tax rate">12.5</span>%.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Spain (BrightHy): €<span id="xdx_902_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_pn5n6_c20251231__srt--StatementGeographicalAxis__country--ES_zZZZHzFTNVG3" title="Unused trading losses">0.3</span> million of unused tax losses, which may be carried forward indefinitely subject to an annual utilisation cap of <span id="xdx_90B_eifrs-full--TaxRateEffectOfForeignTaxRates_pid_dp_uPure_c20250101__20251231__srt--StatementGeographicalAxis__country--ES_zRGsJ01gcH37" title="Tax rate">70</span>% of taxable income exceeding €<span id="xdx_909_eifrs-full--CurrentTaxExpenseIncome_pn5n6_c20250101__20251231__srt--StatementGeographicalAxis__country--ES_za9RQQFS2rx9" title="Current tax expense">1</span> million. The applicable Spanish corporate tax rate is <span id="xdx_900_ecustom--RateOfApplicable_pid_dp_uPure_c20250101__20251231__srt--StatementGeographicalAxis__country--ES_zMxPZblsAqt7" title="Rate of applicable">25</span>%.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">United States (QIND): €<span id="xdx_902_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_pn5n6_c20251231__srt--StatementGeographicalAxis__country--AE_zDNW7fHURDo5" title="Unused trading losses">0.8</span> million of unused tax losses. QIND is incorporated in Nevada, USA, and is not subject to UAE corporate income tax; no deferred tax asset has been recognised in respect of these losses. Al Shola Gas is subject to UAE corporate income tax at a rate of <span id="xdx_90B_eifrs-full--TaxRateEffectOfForeignTaxRates_pid_dp_uPure_c20250101__20251231__srt--StatementGeographicalAxis__country--AE_zbI8YVjGkKP3" title="Tax rate">9</span>% on taxable profits exceeding AED<span id="xdx_901_eifrs-full--CurrentTaxExpenseIncome_pn3n3_c20250101__20251231__srt--StatementGeographicalAxis__country--AE_zr4Y0239rAKf" title="Current tax expense"> 375,000</span>, in accordance with the UAE corporate tax regime which commenced in 2023, and has no unused tax losses.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 40.4pt"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">South Africa (Biosteam): €<span id="xdx_90C_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_pn3n6_c20251231__srt--StatementGeographicalAxis__country--ZA_zfNLG86UppTa" title="Unused trading losses">0.001</span> million of unused tax losses, which may be carried forward for up to <span id="xdx_90E_ecustom--UnusedTaxLossesCarriedForwardPeriod_dtY_c20250101__20251231__srt--StatementGeographicalAxis__country--ZA_zRXPfUgGrjre" title="Carried forward period">5</span> years under South African tax legislation at the prevailing corporate tax rate of <span id="xdx_908_eifrs-full--TaxRateEffectOfForeignTaxRates_pid_dp_uPure_c20250101__20251231__srt--StatementGeographicalAxis__country--ZA_zaXKtmp20Vgh" title="Tax rate">27</span>%.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Assessment of recoverability</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In accordance with IAS 12, the Group has not recognised deferred tax assets in respect of unused tax losses or deductible temporary differences where the availability of future taxable profits to support recovery is considered uncertain. Management reassesses this position at each reporting date and will recognise previously unrecognised deferred tax assets to the extent that it becomes probable that future taxable profits will be available against which they can be utilised.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In making this assessment, management has had regard to the material uncertainty related to going concern disclosed in Note 2, together with the Group’s forecast financial performance, the continuing trading of QIND and its subsidiary Al Shola Gas, and the outcome of ongoing operational and financing initiatives. The recoverability position will be reassessed at each subsequent reporting date and any changes in conclusion will be reflected in the period in which they arise.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> -5100000 -15300000 -30900000 3400000 1100000 100000 30000.00 0.125 0.25 0.09 <p id="xdx_892_eifrs-full--DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory_zUP4938V2PYh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B9_zOfjuzT2sZKg" style="display: none">Schedule of reconciliation between taxes on income / losses</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_490_20250101__20251231_zgHISdIfaEi8" style="font-weight: bold; text-align: right">2025</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20240101__20241231_zOKI3nDC6nZ2" style="font-weight: bold; text-align: right">2024</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20230101__20231231_zEddxPYOgSm4" style="font-weight: bold; text-align: right">2023</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_408_eifrs-full--ProfitLossBeforeTax_pn3n3_msITECOziRA_zaBvQqUAKMM2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">Profit/ (loss) before tax</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">(5,072</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">(15,254</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">(30,857</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_40D_eifrs-full--TaxExpenseIncomeAtApplicableTaxRate_pn3n3_maITECOziRA_zYXEAJylZTqe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Tax using Company’s domestic tax rate at <span id="xdx_90D_eifrs-full--ApplicableTaxRate_pid_dp_uPure_c20250101__20251231_zpAsRAvvbTH1" title="Applicable tax rate"><span id="xdx_90A_eifrs-full--ApplicableTaxRate_pid_dp_uPure_c20240101__20241231_zWvHdvlTA4dd" title="Applicable tax rate"><span id="xdx_906_eifrs-full--ApplicableTaxRate_pid_dp_uPure_c20230101__20231231_z8qI5ymC79ub" title="Applicable tax rate">12.5</span></span></span>%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">634</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,907</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,857</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic">Tax effect of:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--NondeductibleExpensesNontaxableIncome_pn3n3_msITECOziRA_z9GRvasmU2rb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Non-deductible expenses / non-taxable income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">211</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(764</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(967</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_ecustom--CurrentyearLossesForWhichNoDeferredTaxAssetIsRecognized_pn3n3_maITECOziRA_zVefLYcuGd0b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current-year losses for which no deferred tax asset is recognized</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(508</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(805</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,647</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_ecustom--ImpactsOfDifferentForeignTaxRates_pn3n3_maITECOziRA_zSi4aAhpxmo6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Impacts of different foreign tax rates</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(64</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">156</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,916</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--TaxEffectFromChangeInTaxRate_pn3n3_maITECOziRA_z5Ny88X2i309" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Tax expense of acquired subsidiary (QIND)<span id="xdx_F42_zvCBxM0woCT6">*</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(146</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(25</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2433">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--TaxEffectFromReleaseOfDeferredTaxLiabilitiesQindPpa_pn3n3_maITECOziRA_zcuePEYyJQR6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Release of deferred tax liabilities (QIND PPA)<span id="xdx_F41_zI6XTO1fXUk">*</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">238</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2436">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2437">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss_iN_pn3n3_di_maITECOziRA_z4vdFSl1hMfa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Impairment of goodwill - not deductible</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(132</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2440">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2441">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--ConsolidationAdjustmentsAndDeconsolidatedEntitiesNotSubjectToGroupTax_pn3n3_maITECOziRA_zKgxZtsiObq1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Consolidation adjustments and deconsolidated entities not subject to Group tax</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(141</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2444">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2445">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--IncomeTaxExpenseContinuingOperations_iT_pn3n3_mtITECOziRA_zO94jUaEiTjd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total tax</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">92</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">470</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">159</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span id="xdx_F0F_ztxGFGwuKRMj" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="width: 5pt"></td><td style="text-align: justify"><span id="xdx_F1A_zk9nDx30Pfaf" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The income tax credit for the year ended 31 December 2025 of €<span id="xdx_90D_eifrs-full--CurrentTaxExpenseIncome_pn5n6_c20250101__20251231_zPniRxR9dyW7" title="Current tax expense">0.1</span> million comprises the release of the deferred tax liability recognised on the QIND purchase price allocation intangibles (€<span id="xdx_908_ecustom--DeferredTaxLiablityPurchasePriceAllocationIntangibles_pn4n6_c20250101__20251231_zNWBUS8BQQgj" title="Purchase price allocation intangibles">0.24</span> million), less the current tax expense of Al Shola Gas (€<span id="xdx_90C_eifrs-full--CurrentTaxExpenseIncome_pn4n6_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--AlSholaGasMember_zvjxbbJMqUH8" title="Current tax expense">0.15</span> million). No tax arises in Ireland or Spain, as current-year losses are not recognised as deferred tax assets. The income tax charge for the year ended 31 December 2024 of €<span id="xdx_904_eifrs-full--CurrentTaxExpenseIncome_pn3n3_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--QualityIndustrialCorpMember_zyklgik7NDOg" title="Current tax expense">25</span>k comprises the tax expense of QIND.</span></td> </tr></table> -5072000 -15254000 -30857000 0.125 0.125 0.125 634000 1907000 3857000 211000 -764000 -967000 -508000 -805000 -4647000 -64000 156000 1916000 -146000 -25000 238000 132000 -141000 92000 470000 159000 100000 240000 150000 25000 <p id="xdx_897_ecustom--ScheduleOfDeferredTaxLiabilityExplanatory_zvXyYOJS4b0h" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B6_zQxE4FwpmBjj" style="display: none">Schedule of deferred tax liability</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_490_20250101__20251231_zaKNEBvFl8fi" style="font-weight: bold; text-align: right">2025</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20240101__20241231_z3fB7cnPscDj" style="font-weight: bold; text-align: right">2024</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_405_eifrs-full--DeferredTaxLiabilityAsset_iS_pn3n3_zqVYc941tlMh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Opening balance</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">(2,198</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2463">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--DeferredTaxExpenseIncomeRecognisedOnAcquisitionOfQind_pn3n3_z2rkZumKIu2f" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Recognised on acquisition of QIND</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2465">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,198</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eifrs-full--DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_pn3n3_zGqGBqq9InMi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Released to profit or loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">238</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2469">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_pn3n3_zzvFuk6IV898" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Exchange differences</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">219</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2472">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--DeferredTaxLiabilityAsset_iE_pn3n3_zbohFWsbP8Sc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Closing balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,741</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,198</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> </table> -2198000 -2198000 238000 219000 -1741000 -2198000 <p id="xdx_898_ecustom--ScheduleOfUnrecognisedDeferredTaxAssetsExplanatory_z3k8G2UrLTAb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group has not recognised deferred tax assets in respect of the following items, on the basis that it is not considered probable that sufficient future taxable profits will be available in the relevant jurisdictions against which the unused tax losses and deductible temporary differences could be utilised:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B5_zC5r4hzL98Xi" style="display: none">Schedule of unrecognised deferred tax assets</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49E_20251231_zZDuhqcJkJDi" style="font-weight: bold; text-align: right">2025</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_496_20241231_zA5nJ6e1ahE7" style="font-weight: bold; text-align: right">2024</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40F_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_pn3n3_zXa9TjBiuaT4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Unused tax losses</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">2,423</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">2,935</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised_iI_pn3n3_zXeMFN5tTWU5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Deductible temporary differences - share-based payments</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">195</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">393</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--DeferredTaxAssets_iTI_pn3n3_zYuWwqTg6Fl1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Total unrecognised deferred tax assets</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,618</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,328</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 2423000 2935000 195000 393000 2618000 3328000 -805000 3124000 18700000 0.125 300000 0.70 1000000 0.25 800000 0.09 375000000 1000.000 P5Y 0.27 <p id="xdx_806_eifrs-full--DisclosureOfPropertyPlantAndEquipmentExplanatory_zL3BMxxjhTI1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>14.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_823_zALzY0TFuI9e">Property, plant and equipment</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_891_eifrs-full--DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_zEk44JYfdX1f" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B6_zYLtHiGjyGu3">Schedule of property, plant and equipment</span> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BC_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--AssetsUnderConstructionMember_zPUC9hd10d8i" style="font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Assets under</p> <p style="margin-top: 0; margin-bottom: 0">construction</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B6_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--MachineryMember_zNmzHVVaKOOf" style="font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Plant &amp;</p> <p style="margin-top: 0; margin-bottom: 0">Machinery</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B1_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--OfficeEquipmentMember_z07P6rqqHBLe" style="font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Office and</p> <p style="margin-top: 0; margin-bottom: 0">other</p> <p style="margin-top: 0; margin-bottom: 0">equipment</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BF_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--RightofuseAssetsMember_zjGQma9jq9gb" style="font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Right of</p> <p style="margin-top: 0; margin-bottom: 0">use assets</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B0_zy5TusinKtfi" style="font-weight: bold; text-align: right">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_435_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iS_pn3n3_zEL3S6Vt23W2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 35%">At January 1, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">0</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,250</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">8</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">468</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">1,726</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipmentIncludingRightofuseAssets_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_znwe59MKMJdj" style="vertical-align: bottom; background-color: White"> <td>Addition/Revaluation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">412</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">254</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">365</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,051</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--GainsLossesOnDisposalsOfPropertyPlantAndEquipment_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_z7ZYhaB5Ah2k" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Disposal</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2532">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2533">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(3</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(213</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(216</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_436_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iE_pn3n3_zvN9q8RjKGFl" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">At December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">412</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,504</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">26</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">620</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,561</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic">Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43A_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iS_pn3n3_zqdlcAvtGnKc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>At January 1, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2544">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,209</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(207</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,419</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--DepreciationChargePropertyPlantAndEquipment_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_zAYUrSuaxF8g" style="vertical-align: bottom; background-color: White"> <td>Charge for period</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2550">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(31</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(127</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(160</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_406_eifrs-full--GainsLossesOnDisposalsOfPropertyPlantAndEquipment_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_zYBWc5uYvyXd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Disposal/Revaluation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2556">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">94</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">156</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">251</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43E_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iE_pn3n3_zcr9TCBOn7G7" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">At December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2562">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,146</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(4</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(178</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,328</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic; text-align: left">Net book values</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43F_c20250101__20251231_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_zkUyrHfWaaWb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">At January 1, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2568">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">41</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">261</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">307</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_439_c20250101__20251231_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_zQS2AU1u14D5" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">At December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">412</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">358</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">22</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">442</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,233</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"><p style="margin-top: 0; margin-bottom: 0">Assets under</p> <p style="margin-top: 0; margin-bottom: 0">construction</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"><p style="margin-top: 0; margin-bottom: 0">Plant and</p> <p style="margin-top: 0; margin-bottom: 0">machinery</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"><p style="margin-top: 0; margin-bottom: 0">Office and</p> <p style="margin-top: 0; margin-bottom: 0">other</p> <p style="margin-top: 0; margin-bottom: 0">equipment</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"><p style="margin-top: 0; margin-bottom: 0">Right of</p> <p style="margin-top: 0; margin-bottom: 0">use assets</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_439_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iS_pn3n3_zDsFoDD5pjD9" style="vertical-align: bottom; background-color: White"> <td style="width: 35%">At January 1, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">14,726</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">5,846</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">422</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">11,984</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">32,978</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--RevaluationIncreaseDecreasePropertyPlantAndEquipmentIncludingRightofuseAssets_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_zJtPjY59b0vh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Revaluation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2586">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">455</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">455</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--AdditionOtherThanThroughBusinessCombinationsPropertyPlantAndEquipmentIncludingRightofuseAssets_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_zsEIGKtQF8Bc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additions during the year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2592">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,260</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">284</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,550</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--GainsLossesOnDisposalsOfPropertyPlantAndEquipment_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_zQSszU2hjx0g" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Disposal</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2598">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2599">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2600">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eifrs-full--IncreaseDecreaseThroughTransfersPropertyPlantAndEquipmentIncludingRightofuseAssets_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_z6GJOEb7XKtd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Transfer to inventory</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2604">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2605">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2606">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2607">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2608">-</span></span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--DerecognitionOnDeconsolidation_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_zI8Wj65VYGSi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Derecognition on deconsolidation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(14,726</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,856</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(420</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(12,227</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(33,229</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_435_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iE_pn3n3_d0_zkTQUwHSoA9f" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">At December 31, 2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,250</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">8</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">468</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,726</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic">Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_432_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iS_pn3n3_zwDW321I73c9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>At January 1, 2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,317</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,985</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(185</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,715</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,202</td><td style="text-align: left">)</td></tr> <tr id="xdx_431_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iS_pn3n3_zI4U7Lo24RLc" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Depreciation at Beginning</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,317</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,985</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(185</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,715</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,202</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--DepreciationChargePropertyPlantAndEquipment_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_zVrBHpX826Ta" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Charge for year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2634">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,887</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(96</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(919</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,902</td><td style="text-align: left">)</td></tr> <tr id="xdx_406_eifrs-full--ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipmentIncludingRightofuseAssets_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_zx02yXMx4mok" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Impairment charge</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2640">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2641">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2642">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2643">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2644">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--DerecognitionOfPropertyPlantAndEquipment_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_z7dX9IKenR3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Derecognition on deconsolidation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,317</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,663</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">278</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,427</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">9,685</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_437_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iE_pn3n3_znuEVapIG63f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">At December 31, 2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2652">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,209</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(3</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(207</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,419</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_43F_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iE_pn3n3_z5FwBzOOX2Y" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Depreciation at Ending</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2658">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,209</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(3</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(207</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,419</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic; text-align: left">Net book values</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43A_c20240101__20241231_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_zmzxvuPjVOGj" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">At January 1, 2024</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">11,409</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,861</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">237</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">10,269</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,776</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_430_c20240101__20241231_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_z5vzWeKULKxh" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Net book values, Beginning</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">11,409</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,861</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">237</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">10,269</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,776</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_434_c20240101__20241231_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_z6NGSoHiCbB5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">At December 31, 2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2676">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">41</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">261</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">307</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_433_c20240101__20241231_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_zvDBXsy7tiLc" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Net book values, Ending</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2682">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">41</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">261</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">307</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_891_eifrs-full--DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_zEk44JYfdX1f" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B6_zYLtHiGjyGu3">Schedule of property, plant and equipment</span> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BC_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--AssetsUnderConstructionMember_zPUC9hd10d8i" style="font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Assets under</p> <p style="margin-top: 0; margin-bottom: 0">construction</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B6_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--MachineryMember_zNmzHVVaKOOf" style="font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Plant &amp;</p> <p style="margin-top: 0; margin-bottom: 0">Machinery</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B1_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--OfficeEquipmentMember_z07P6rqqHBLe" style="font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Office and</p> <p style="margin-top: 0; margin-bottom: 0">other</p> <p style="margin-top: 0; margin-bottom: 0">equipment</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BF_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--RightofuseAssetsMember_zjGQma9jq9gb" style="font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Right of</p> <p style="margin-top: 0; margin-bottom: 0">use assets</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B0_zy5TusinKtfi" style="font-weight: bold; text-align: right">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_435_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iS_pn3n3_zEL3S6Vt23W2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 35%">At January 1, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">0</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,250</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">8</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">468</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">1,726</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipmentIncludingRightofuseAssets_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_znwe59MKMJdj" style="vertical-align: bottom; background-color: White"> <td>Addition/Revaluation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">412</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">254</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">365</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,051</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--GainsLossesOnDisposalsOfPropertyPlantAndEquipment_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_z7ZYhaB5Ah2k" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Disposal</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2532">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2533">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(3</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(213</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(216</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_436_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iE_pn3n3_zvN9q8RjKGFl" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">At December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">412</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,504</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">26</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">620</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,561</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic">Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43A_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iS_pn3n3_zqdlcAvtGnKc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>At January 1, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2544">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,209</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(207</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,419</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--DepreciationChargePropertyPlantAndEquipment_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_zAYUrSuaxF8g" style="vertical-align: bottom; background-color: White"> <td>Charge for period</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2550">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(31</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(127</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(160</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_406_eifrs-full--GainsLossesOnDisposalsOfPropertyPlantAndEquipment_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_zYBWc5uYvyXd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Disposal/Revaluation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2556">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">94</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">156</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">251</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43E_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iE_pn3n3_zcr9TCBOn7G7" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">At December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2562">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,146</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(4</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(178</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,328</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic; text-align: left">Net book values</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43F_c20250101__20251231_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_zkUyrHfWaaWb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">At January 1, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2568">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">41</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">261</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">307</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_439_c20250101__20251231_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_zQS2AU1u14D5" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">At December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">412</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">358</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">22</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">442</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,233</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"><p style="margin-top: 0; margin-bottom: 0">Assets under</p> <p style="margin-top: 0; margin-bottom: 0">construction</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"><p style="margin-top: 0; margin-bottom: 0">Plant and</p> <p style="margin-top: 0; margin-bottom: 0">machinery</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"><p style="margin-top: 0; margin-bottom: 0">Office and</p> <p style="margin-top: 0; margin-bottom: 0">other</p> <p style="margin-top: 0; margin-bottom: 0">equipment</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"><p style="margin-top: 0; margin-bottom: 0">Right of</p> <p style="margin-top: 0; margin-bottom: 0">use assets</p></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_439_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iS_pn3n3_zDsFoDD5pjD9" style="vertical-align: bottom; background-color: White"> <td style="width: 35%">At January 1, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">14,726</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">5,846</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">422</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">11,984</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">32,978</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--RevaluationIncreaseDecreasePropertyPlantAndEquipmentIncludingRightofuseAssets_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_zJtPjY59b0vh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Revaluation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2586">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">455</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">455</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--AdditionOtherThanThroughBusinessCombinationsPropertyPlantAndEquipmentIncludingRightofuseAssets_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_zsEIGKtQF8Bc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additions during the year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2592">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,260</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">284</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,550</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--GainsLossesOnDisposalsOfPropertyPlantAndEquipment_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_zQSszU2hjx0g" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Disposal</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2598">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2599">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2600">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(28</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eifrs-full--IncreaseDecreaseThroughTransfersPropertyPlantAndEquipmentIncludingRightofuseAssets_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_z6GJOEb7XKtd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Transfer to inventory</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2604">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2605">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2606">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2607">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2608">-</span></span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--DerecognitionOnDeconsolidation_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_zI8Wj65VYGSi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Derecognition on deconsolidation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(14,726</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,856</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(420</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(12,227</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(33,229</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_435_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iE_pn3n3_d0_zkTQUwHSoA9f" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">At December 31, 2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,250</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">8</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">468</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,726</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic">Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_432_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iS_pn3n3_zwDW321I73c9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>At January 1, 2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,317</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,985</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(185</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,715</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,202</td><td style="text-align: left">)</td></tr> <tr id="xdx_431_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iS_pn3n3_zI4U7Lo24RLc" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Depreciation at Beginning</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,317</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,985</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(185</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,715</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,202</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--DepreciationChargePropertyPlantAndEquipment_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_zVrBHpX826Ta" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Charge for year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2634">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,887</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(96</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(919</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,902</td><td style="text-align: left">)</td></tr> <tr id="xdx_406_eifrs-full--ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipmentIncludingRightofuseAssets_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_zx02yXMx4mok" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Impairment charge</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2640">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2641">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2642">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2643">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2644">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--DerecognitionOfPropertyPlantAndEquipment_pn3n3_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_z7dX9IKenR3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Derecognition on deconsolidation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,317</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,663</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">278</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,427</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">9,685</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_437_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iE_pn3n3_znuEVapIG63f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">At December 31, 2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2652">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,209</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(3</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(207</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,419</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_43F_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--PropertyPlantAndEquipmentIncludingRightofuseAssets_iE_pn3n3_z5FwBzOOX2Y" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Depreciation at Ending</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2658">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,209</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(3</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(207</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,419</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic; text-align: left">Net book values</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43A_c20240101__20241231_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_zmzxvuPjVOGj" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">At January 1, 2024</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">11,409</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,861</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">237</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">10,269</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,776</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_430_c20240101__20241231_eifrs-full--PropertyPlantAndEquipment_iS_pn3n3_z5vzWeKULKxh" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Net book values, Beginning</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">11,409</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,861</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">237</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">10,269</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,776</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_434_c20240101__20241231_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_z6NGSoHiCbB5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">At December 31, 2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2676">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">41</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">261</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">307</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_433_c20240101__20241231_eifrs-full--PropertyPlantAndEquipment_iE_pn3n3_zvDBXsy7tiLc" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Net book values, Ending</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2682">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">41</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">261</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">307</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 0 1250000 8000 468000 1726000 412000 254000 20000 365000 1051000 -3000 -213000 -216000 412000 1504000 26000 620000 2561000 -1209000 -3000 -207000 -1419000 -31000 -2000 -127000 -160000 94000 1000 156000 251000 -1146000 -4000 -178000 -1328000 41000 5000 261000 307000 412000 358000 22000 442000 1233000 14726000 5846000 422000 11984000 32978000 455000 455000 1260000 6000 284000 1550000 -28000 -28000 -14726000 -5856000 -420000 -12227000 -33229000 -0 1250000 8000 468000 1726000 -3317000 -2985000 -185000 -1715000 -8202000 -3317000 -2985000 -185000 -1715000 -8202000 -1887000 -96000 -919000 -2902000 3317000 3663000 278000 2427000 9685000 -1209000 -3000 -207000 -1419000 -1209000 -3000 -207000 -1419000 11409000 2861000 237000 10269000 24776000 11409000 2861000 237000 10269000 24776000 41000 5000 261000 307000 41000 5000 261000 307000 <p id="xdx_805_eifrs-full--DisclosureOfIntangibleAssetsExplanatory_z6H5jh2cZtD1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>15.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82A_z9QrhzhnQb7h">Intangible assets</span></b></span></td></tr></table> <p id="xdx_89E_eifrs-full--DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory_zNCke2GujOua" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BD_z6mXaS48An5b" style="display: none">Schedule of intangible assets</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B6_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--CustomerrelatedIntangibleAssetsMember_zC77cavc18q6" style="font-weight: bold; text-align: right">Customer relationships</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B1_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--BrandNamesMember_zX38osoQYKpg" style="font-weight: bold; text-align: right">Trade names</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BB_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--TechnologybasedIntangibleAssetsMember_zLsETw5N7FJi" style="font-weight: bold; text-align: right">Completed development technology</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B0_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--IntangibleAssetsUnderDevelopmentMember_ziqOu7997AN6" style="font-weight: bold; text-align: right">Product development in progress</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B5_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember_zShSdtKfP694" style="font-weight: bold; text-align: right">Intellectual property and patents registration</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BE_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--ComputerSoftwareMember_zsiV4O6YmgSg" style="font-weight: bold; text-align: right">Software</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BD_zI0XFSIxT468" style="font-weight: bold; text-align: right">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">2025 (restated)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_434_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iS_pn3n3_zipa7ZyxpOQ5" style="vertical-align: bottom; background-color: White"> <td style="width: 37%">January 1, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">19,758</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">4,606</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2694">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2695">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2696">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2697">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">24,364</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_435_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_pn3n3_zpEovBD56Mii" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2700">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2701">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2702">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2703">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2704">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2705">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2706">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_431_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill_pn3n3_zL53rbhL2Ka9" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Exchange differences</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,044</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(476</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2710">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2711">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2712">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2713">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,520</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_437_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_ecustom--ReclassificationOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_pn3n3_zbNv5CD96WN3" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Reclassification</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_43F_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--DisposalsIntangibleAssetsOtherThanGoodwill_iN_pn3n3_di_zWCgYPlzZBeg" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Disposal</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_43F_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--ChangesInIntangibleAssetsOtherThanGoodwill_pn3n3_zMB6GqBjamk2" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Deconsolidation of entities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_436_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--AmortisationIntangibleAssetsOtherThanGoodwill_pn3n3_zdZT5LckMYNh" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Amortisation charge</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_431_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iE_pn3n3_zVzyitOKtSW6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">17,714</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,130</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2750">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2751">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2752">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2753">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">21,844</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Amortisation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43A_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iS_pn3n3_zp5DOi1iT3h4" style="vertical-align: bottom; background-color: White"> <td>January 1, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(329</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(77</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2758">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2759">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2760">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2761">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(406</td><td style="text-align: left">)</td></tr> <tr id="xdx_431_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--AmortisationIntangibleAssetsOtherThanGoodwill_pn3n3_znrrkrSnEc0e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amortisation charge</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,837</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(428</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2766">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2767">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2768">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2769">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,265</td><td style="text-align: left">)</td></tr> <tr id="xdx_430_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill_pn3n3_zu39zcWCpdPb" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Exchange differences</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">100</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">23</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2774">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2775">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2776">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2777">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">123</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_430_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iE_pn3n3_zKmJZ2v51F93" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,066</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(482</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2782">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2783">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2784">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2785">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,548</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Net book value</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43B_c20251231_eifrs-full--IntangibleAssetsOtherThanGoodwill_iI_pn3n3_z7Cixa0mHcXl" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic; padding-bottom: 1pt">At December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">15,648</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,648</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2790">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2791">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2792">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2793">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">19,296</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BF_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--CustomerrelatedIntangibleAssetsMember_zk7HWhvffXVg" style="font-weight: bold; text-align: right">Customer relationships</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B1_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--BrandNamesMember_zzWTRvstA8Gk" style="font-weight: bold; text-align: right">Trade names</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BB_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--TechnologybasedIntangibleAssetsMember_z4UGaZTBA3Zk" style="font-weight: bold; text-align: right">Completed development technology</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B0_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--IntangibleAssetsUnderDevelopmentMember_ziPlf8Ksfbv3" style="font-weight: bold; text-align: right">Product development in progress</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B5_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember_z23FBAN77s76" style="font-weight: bold; text-align: right">Intellectual property and patents registration</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BE_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--ComputerSoftwareMember_zciaKvLgVUY4" style="font-weight: bold; text-align: right">Software</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BD_zTQf6j9ZUXri" style="font-weight: bold; text-align: right">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43F_c20231231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iI_pn3n3_zQXXyyWlscN6" style="vertical-align: bottom; background-color: White"> <td style="width: 37%">January 1, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2796">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2797">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">2,996</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">1,346</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">1,911</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">190</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">6,443</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_438_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_pn3n3_znZv9bL6FXf2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,758</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,606</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">142</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2808">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">37</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,543</td><td style="text-align: left"> </td></tr> <tr id="xdx_43B_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_ecustom--ReclassificationOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_pn3n3_ztUXcll6WbM" style="vertical-align: bottom; background-color: White"> <td>Reclassification</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">686</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(686</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2816">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2817">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(0</td><td style="text-align: left">)</td></tr> <tr id="xdx_434_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--DisposalsIntangibleAssetsOtherThanGoodwill_iN_pn3n3_di_zDDaD3TrhQBk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Disposal</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2822">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2823">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2824">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(42</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(42</td><td style="text-align: left">)</td></tr> <tr id="xdx_43C_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--ChangesInIntangibleAssetsOtherThanGoodwill_pn3n3_zHNzP4YpnmHl" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Deconsolidation of entities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(3,682</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(803</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,911</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(185</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(6,580</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_438_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iE_pn3n3_zSxCdXYCIa74" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">December 31, 2024</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">19,758</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,606</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2838">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2839">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2840">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2841">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,364</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Amortisation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_431_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iS_pn3n3_zERhoWVBpVMl" style="vertical-align: bottom; background-color: White"> <td>January 1, 2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2844">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2845">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,320</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2847">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(43</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,367</td><td style="text-align: left">)</td></tr> <tr id="xdx_43B_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iS_pn3n3_zFEp1tOD8LGa" style="display: none; vertical-align: bottom; background-color: White"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82B_zMmE1wraWpD5">Intangible assets</span></b></span>, beginning balance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2852">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2853">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,320</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2855">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(43</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,367</td><td style="text-align: left">)</td></tr> <tr id="xdx_43F_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--AmortisationIntangibleAssetsOtherThanGoodwill_pn3n3_zLsOSIRFa9he" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amortisation charge</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(329</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(77</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(959</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2863">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(18</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,383</td><td style="text-align: left">)</td></tr> <tr id="xdx_43E_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--ChangesInIntangibleAssetsOtherThanGoodwill_pn3n3_zTFGqd6Q8Ns1" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Deconsolidation of entities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,279</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2871">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">61</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,344</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_438_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iE_pn3n3_za2VYSmLcOZ4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">December 31, 2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(329</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(77</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2878">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2879">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2880">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2881">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(406</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_434_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iE_pn3n3_zobDOdS5fSi9" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_825_zIhx3PwKPT3g">Intangible assets</span></b></span>, ending balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(329</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(77</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2886">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2887">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2888">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2889">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(406</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Net book value</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43E_c20241231_eifrs-full--IntangibleAssetsOtherThanGoodwill_iI_pn3n3_zMMn3GD5Pdyk" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic; padding-bottom: 1pt">At December 31, 2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">19,429</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,529</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2894">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2895">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2896">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2897">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">23,958</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_430_c20241231_eifrs-full--IntangibleAssetsOtherThanGoodwill_iI_pn3n3_zb9lp8T1Dosh" style="display: none; vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic; padding-bottom: 1pt">Net book value</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">19,429</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,529</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2902">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2903">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2904">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2905">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">23,958</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AF_zTq061KdSRil" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Customer relationships and trade names were identified and recognised as part of the purchase price allocation in respect of the acquisition of QIND. They are denominated in US dollars and are translated at the closing rate, with amortisation translated at the average rate for the year (restated – refer to Note 5).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In 2024, all intangible assets relating to the Group’s legacy hydrogen entities were derecognised following their deconsolidation due to insolvency.</span></p> <p id="xdx_89E_eifrs-full--DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory_zNCke2GujOua" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BD_z6mXaS48An5b" style="display: none">Schedule of intangible assets</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B6_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--CustomerrelatedIntangibleAssetsMember_zC77cavc18q6" style="font-weight: bold; text-align: right">Customer relationships</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B1_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--BrandNamesMember_zX38osoQYKpg" style="font-weight: bold; text-align: right">Trade names</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BB_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--TechnologybasedIntangibleAssetsMember_zLsETw5N7FJi" style="font-weight: bold; text-align: right">Completed development technology</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B0_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--IntangibleAssetsUnderDevelopmentMember_ziqOu7997AN6" style="font-weight: bold; text-align: right">Product development in progress</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B5_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember_zShSdtKfP694" style="font-weight: bold; text-align: right">Intellectual property and patents registration</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BE_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--ComputerSoftwareMember_zsiV4O6YmgSg" style="font-weight: bold; text-align: right">Software</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BD_zI0XFSIxT468" style="font-weight: bold; text-align: right">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">2025 (restated)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_434_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iS_pn3n3_zipa7ZyxpOQ5" style="vertical-align: bottom; background-color: White"> <td style="width: 37%">January 1, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">19,758</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">4,606</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2694">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2695">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2696">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2697">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">24,364</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_435_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_pn3n3_zpEovBD56Mii" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2700">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2701">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2702">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2703">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2704">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2705">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2706">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_431_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill_pn3n3_zL53rbhL2Ka9" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Exchange differences</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,044</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(476</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2710">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2711">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2712">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2713">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,520</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_437_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_ecustom--ReclassificationOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_pn3n3_zbNv5CD96WN3" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Reclassification</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_43F_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--DisposalsIntangibleAssetsOtherThanGoodwill_iN_pn3n3_di_zWCgYPlzZBeg" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Disposal</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_43F_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--ChangesInIntangibleAssetsOtherThanGoodwill_pn3n3_zMB6GqBjamk2" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Deconsolidation of entities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_436_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--AmortisationIntangibleAssetsOtherThanGoodwill_pn3n3_zdZT5LckMYNh" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Amortisation charge</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_431_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iE_pn3n3_zVzyitOKtSW6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">17,714</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,130</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2750">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2751">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2752">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2753">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">21,844</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Amortisation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43A_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iS_pn3n3_zp5DOi1iT3h4" style="vertical-align: bottom; background-color: White"> <td>January 1, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(329</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(77</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2758">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2759">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2760">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2761">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(406</td><td style="text-align: left">)</td></tr> <tr id="xdx_431_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--AmortisationIntangibleAssetsOtherThanGoodwill_pn3n3_znrrkrSnEc0e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amortisation charge</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,837</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(428</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2766">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2767">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2768">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl2769">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,265</td><td style="text-align: left">)</td></tr> <tr id="xdx_430_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill_pn3n3_zu39zcWCpdPb" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Exchange differences</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">100</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">23</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2774">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2775">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2776">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2777">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">123</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_430_c20250101__20251231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iE_pn3n3_zKmJZ2v51F93" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">December 31, 2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,066</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(482</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2782">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2783">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2784">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2785">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,548</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Net book value</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43B_c20251231_eifrs-full--IntangibleAssetsOtherThanGoodwill_iI_pn3n3_z7Cixa0mHcXl" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic; padding-bottom: 1pt">At December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">15,648</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,648</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2790">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2791">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2792">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2793">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">19,296</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BF_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--CustomerrelatedIntangibleAssetsMember_zk7HWhvffXVg" style="font-weight: bold; text-align: right">Customer relationships</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B1_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--BrandNamesMember_zzWTRvstA8Gk" style="font-weight: bold; text-align: right">Trade names</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BB_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--TechnologybasedIntangibleAssetsMember_z4UGaZTBA3Zk" style="font-weight: bold; text-align: right">Completed development technology</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B0_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--IntangibleAssetsUnderDevelopmentMember_ziPlf8Ksfbv3" style="font-weight: bold; text-align: right">Product development in progress</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B5_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember_z23FBAN77s76" style="font-weight: bold; text-align: right">Intellectual property and patents registration</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BE_ifrs-full--ClassesOfIntangibleAssetsOtherThanGoodwillAxis_ifrs-full--ComputerSoftwareMember_zciaKvLgVUY4" style="font-weight: bold; text-align: right">Software</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BD_zTQf6j9ZUXri" style="font-weight: bold; text-align: right">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43F_c20231231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iI_pn3n3_zQXXyyWlscN6" style="vertical-align: bottom; background-color: White"> <td style="width: 37%">January 1, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2796">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2797">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">2,996</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">1,346</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">1,911</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">190</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">6,443</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_438_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_pn3n3_znZv9bL6FXf2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,758</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,606</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">142</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2808">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">37</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,543</td><td style="text-align: left"> </td></tr> <tr id="xdx_43B_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_ecustom--ReclassificationOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_pn3n3_ztUXcll6WbM" style="vertical-align: bottom; background-color: White"> <td>Reclassification</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">686</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(686</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2816">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2817">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(0</td><td style="text-align: left">)</td></tr> <tr id="xdx_434_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--DisposalsIntangibleAssetsOtherThanGoodwill_iN_pn3n3_di_zDDaD3TrhQBk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Disposal</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2822">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2823">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2824">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(42</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(42</td><td style="text-align: left">)</td></tr> <tr id="xdx_43C_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--ChangesInIntangibleAssetsOtherThanGoodwill_pn3n3_zHNzP4YpnmHl" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Deconsolidation of entities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(3,682</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(803</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,911</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(185</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(6,580</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_438_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iE_pn3n3_zSxCdXYCIa74" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">December 31, 2024</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">19,758</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,606</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2838">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2839">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2840">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2841">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,364</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Amortisation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_431_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iS_pn3n3_zERhoWVBpVMl" style="vertical-align: bottom; background-color: White"> <td>January 1, 2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2844">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2845">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,320</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2847">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(43</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,367</td><td style="text-align: left">)</td></tr> <tr id="xdx_43B_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iS_pn3n3_zFEp1tOD8LGa" style="display: none; vertical-align: bottom; background-color: White"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82B_zMmE1wraWpD5">Intangible assets</span></b></span>, beginning balance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2852">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2853">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,320</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2855">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(43</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,367</td><td style="text-align: left">)</td></tr> <tr id="xdx_43F_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--AmortisationIntangibleAssetsOtherThanGoodwill_pn3n3_zLsOSIRFa9he" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amortisation charge</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(329</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(77</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(959</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2863">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(18</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,383</td><td style="text-align: left">)</td></tr> <tr id="xdx_43E_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--ChangesInIntangibleAssetsOtherThanGoodwill_pn3n3_zTFGqd6Q8Ns1" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Deconsolidation of entities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,279</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2871">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">61</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,344</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_438_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iE_pn3n3_za2VYSmLcOZ4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">December 31, 2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(329</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(77</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2878">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2879">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2880">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2881">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(406</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_434_c20240101__20241231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--AccumulatedDepreciationAndAmortisationMember_eifrs-full--IntangibleAssetsOtherThanGoodwill_iE_pn3n3_zobDOdS5fSi9" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_825_zIhx3PwKPT3g">Intangible assets</span></b></span>, ending balance</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(329</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(77</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2886">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2887">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2888">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2889">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(406</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Net book value</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43E_c20241231_eifrs-full--IntangibleAssetsOtherThanGoodwill_iI_pn3n3_zMMn3GD5Pdyk" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic; padding-bottom: 1pt">At December 31, 2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">19,429</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,529</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2894">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2895">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2896">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2897">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">23,958</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_430_c20241231_eifrs-full--IntangibleAssetsOtherThanGoodwill_iI_pn3n3_zb9lp8T1Dosh" style="display: none; vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic; padding-bottom: 1pt">Net book value</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">19,429</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,529</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2902">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2903">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2904">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2905">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">23,958</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 19758000 4606000 24364000 -2044000 -476000 -2520000 17714000 4130000 21844000 -329000 -77000 -406000 -1837000 -428000 -2265000 100000 23000 123000 -2066000 -482000 -2548000 15648000 3648000 19296000 2996000 1346000 1911000 190000 6443000 19758000 4606000 142000 37000 24543000 686000 -686000 -0 42000 42000 -3682000 -803000 -1911000 -185000 -6580000 19758000 4606000 24364000 -1320000 -4000 -43000 -1367000 -1320000 -4000 -43000 -1367000 -329000 -77000 -959000 -1000 -18000 -1383000 2279000 5000 61000 2344000 -329000 -77000 -406000 -329000 -77000 -406000 19429000 4529000 23958000 19429000 4529000 23958000 <p id="xdx_809_eifrs-full--DisclosureOfGoodwillExplanatory_zVSpbadiQvO5" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>16.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82E_zmfQYCGtPAv5">Goodwill</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">Goodwill primarily represents expected synergies, future economic benefits, and assembled workforce that do not meet the criteria for separate recognition under IFRS 3.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">Goodwill is not amortised and is tested for impairment at least annually, or more frequently if indicators of impairment exist. Goodwill is allocated to the LPG Distribution &amp; Engineering cash-generating unit (“CGU”), comprising QIND and its operating subsidiary Al Shola Gas.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in">The recoverable amount of the CGU at 31 December 2025 was determined on the basis of fair value less costs of disposal, by reference to an independent valuation of the CGU of US$<span id="xdx_904_ecustom--FairValueLessCostsOfDisposal_pn5n6_uUSD_c20250101__20251231_zrpPjVRAD4Ma" title="Fair value less costs of disposal">27.3</span> million, less costs of disposal of <span id="xdx_909_ecustom--PercentageCostsOfDisposal_pid_dp_c20250101__20251231_z9vOyvGyoQZd" title="Percentage costs of disposal">1</span>%, translated at the closing rate. The fair value measurement is classified within Level 3 of the fair value hierarchy.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in">As the Group measures non-controlling interests at their proportionate share of net identifiable assets, the carrying amount of goodwill was notionally grossed up to include the goodwill attributable to non-controlling interests (IAS 36, Appendix C). <span id="xdx_907_ecustom--ImpairmentOfGoodwillDescription_pid_c20250101__20251231_zc1zxhmyC9L8" title="Impairment of goodwill description">The carrying amount of the CGU, including notional goodwill, exceeded its recoverable amount of €23.0 million by €1.6 million. The Group’s share of this impairment, €1,060k, has been recognised in profit or loss within impairment expense and allocated in full to goodwill; no impairment was allocated to customer relationships or trade names.</span> Following the impairment, the carrying amount of the CGU equals its recoverable amount, and any adverse change in the key assumptions would result in a further impairment. No impairment was recognised in the financial statements as previously issued (restated – refer to Note 5). The impairment expense of €<span id="xdx_90F_eifrs-full--ImpairmentLoss_pn3n3_c20250101__20251231__srt--RestatementAxis__ifrs-full--RestatedMember_ztHZ62QZs315" title="Impairment expense">1,062</span>k in the consolidated statement of profit or loss comprises this impairment of goodwill of €<span id="xdx_903_eifrs-full--ImpairmentLoss_pn3n3_c20250101__20251231__srt--RestatementAxis__ifrs-full--FinancialEffectOfCorrectionsOfAccountingErrorsMember_zGKQMdgRxIF5" title="Impairment expense">1,060</span>k and an impairment of €<span id="xdx_90F_eifrs-full--ImpairmentLoss_pn3n3_c20250101__20251231__srt--RestatementAxis__ifrs-full--PreviouslyStatedMember_z6ciY7n31u01" title="Impairment expense">2</span>k recognised by QIND on other assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"> </p> <p id="xdx_895_eifrs-full--DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory_zgBH9kwsrhXf" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-controlling interests in the QIND acquisition are measured at the NCI’s proportionate share of the acquiree’s identifiable net assets (the partial goodwill method).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B9_zFZA9tzjRGWd" style="display: none">Schedule of acquiree’s identifiable net assets the partial goodwill method</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20251231_ztaDeyJooeQb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40C_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_pn3n3_zrXGeqbXEFyd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; font-weight: bold; text-align: left; padding-bottom: 1pt">Total purchase consideration</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; font-weight: bold; text-align: right">14,626</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--IdentifiableAssetsAcquiredLiabilitiesAssumed_iNI_pn3n3_di_zQJlFLJw1oS" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Less: Fair value of net identifiable assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11,970</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eifrs-full--EquityInterestsOfAcquirer_iNI_pn3n3_di_zHdv4cFePl6g" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">of which attributable to the parent (<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIGFjcXVpcmVlknMgaWRlbnRpZmlhYmxlIG5ldCBhc3NldHMgdGhlIHBhcnRpYWwgZ29vZHdpbGwgbWV0aG9kIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_905_ecustom--FairValueOfIdentifiableNetAssetsAttributableToParentPercentage_iI_pid_dp_uPure_c20251231_zkP1iLbp23vb" title="Fair value of identifiable net assets attributable to the parent percentage">67.04</span>%)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,025</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eifrs-full--NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate_iNI_pn3n3_di_zRTEXQEbUcGj" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt; font-style: italic; text-align: left">of which attributable to NCI (<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIGFjcXVpcmVlknMgaWRlbnRpZmlhYmxlIG5ldCBhc3NldHMgdGhlIHBhcnRpYWwgZ29vZHdpbGwgbWV0aG9kIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_904_ecustom--FairValueOfIdentifiableNetAssetsAttributableToNoncontrollingInterestPercentage_iI_pid_dp_uPure_c20251231_zzRqYWRyhFnj" title="Fair value of identifiable net assets attributable to the non-controlling interest percentage">32.96</span>%)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(3,945</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_402_eifrs-full--GoodwillRecognisedAsOfAcquisitionDate_iTI_pn3n3_zivNIog0bA73" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Goodwill recognised (parent’s share only)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">6,602</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold">Fair value of identifiable net assets</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20251231_zbBdRyj22u0l"> </td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td></tr> <tr id="xdx_40A_eifrs-full--IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_iNI_pn3n3_di_zitLonqnIBQg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: left">QIND net assets at acquisition (excluding pre-existing goodwill)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">(10,256</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_40E_eifrs-full--CustomerrelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_iI_pn3n3_zBU8qhFpEFpi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Customer relationships</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,758</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_ecustom--TradeNamesRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_iI_pn3n3_znIfTw0zKKWj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Trade names</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,606</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--InventoryRecognisedAsOfAcquisitionDate_iI_pn3n3_zJYWky0TZSXj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Inventory step-up</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">61</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate_iNI_pn3n3_di_ztr6pB1V5DId" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Deferred tax liability on fair value uplifts</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,198</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40A_eifrs-full--IdentifiableAssetsAcquiredLiabilitiesAssumed_iTI_pn3n3_zA9STrq2LSP8" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Fair value of identifiable net assets (<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIGFjcXVpcmVlknMgaWRlbnRpZmlhYmxlIG5ldCBhc3NldHMgdGhlIHBhcnRpYWwgZ29vZHdpbGwgbWV0aG9kIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90A_ecustom--FairValueOfIdentifiableNetAssetsPercentage_iI_pid_dp_uPure_c20251231_zgLnq7RHK1Ff" title="Fair value of identifiable net assets percentage">100</span>%)</b></span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">11,970</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AF_zex8rYIE2Hl1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">The parent’s effective economic interest of <span id="xdx_905_ecustom--FairValueOfIdentifiableNetAssetsAttributableToParentPercentage_iI_pid_dp_uPure_c20251231_zB5bjhZaNqC9" title="Fair value of identifiable net assets attributable to the parent percentage">67.04</span>% (and corresponding NCI of <span id="xdx_904_ecustom--FairValueOfIdentifiableNetAssetsAttributableToNoncontrollingInterestPercentage_iI_pid_dp_uPure_c20251231_zegcdvDcuF3i" title="Fair value of identifiable net assets attributable to the non-controlling interest percentage">32.96</span>%) is based on the Group’s holding of <span id="xdx_900_ecustom--ProportionOfOwnershipInterestsHeldByNoncontrollingInterestsShares_pn5n6_c20250101__20251231__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--QualityIndustrialCorpMember_z3vttyS9POvd" title="Noncontrolling interests shares">98.3</span> million of QIND’s <span id="xdx_906_ecustom--ProportionOfOwnershipInterestsHeldByNoncontrollingInterestsShares_pn5n6_c20241126__20241126__ifrs-full--SignificantInvestmentsInSubsidiariesAxis__custom--QualityIndustrialCorpMember_zYKN6NCAXk56" title="Noncontrolling interests shares">146.6</span> million shares on an as-converted basis at the acquisition date, and differs from the direct legal (voting) interest of <span id="xdx_902_ecustom--DirectLegalInterestAttributableToParentPercentage_iI_pid_dp_uPure_c20251231_zfu5izYoTFoa" title="Direct legal interest attributable to the parent percentage">69.36</span>% / <span id="xdx_909_ecustom--DirectLegalInterestAttributableToNoncontrollingInterestPercentage_iI_pid_dp_uPure_c20251231_zC14d92TGbh5" title="Direct legal interest attributable to the non-controlling interest percentage">30.64</span>% in QIND.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p id="xdx_890_ecustom--DisclosureOfInformationAboutOfCarryingAmountOfGoodwillExplanatory_zidksXXiykmg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><b>Movement in the carrying amount of goodwill</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span id="xdx_8B0_zMVMD2Urin1l" style="display: none">Schedule of carrying amount of goodwill</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">2025</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">2024</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40C_eifrs-full--Goodwill_iS_pn3n3_zMnAIbn19Fl5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">At 1 January</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">6,602</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--AdditionalRecognitionGoodwill_pn3n3_zkWQ8wKeXRGe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Recognised on acquisition of QIND</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,602</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--ImpairmentLossRecognisedInProfitOrLossGoodwill_pn3n3_zebBLFs42S13" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Impairment loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,060</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesGoodwill_pn3n3_zt6vqe0HuCr2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Exchange differences</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(683</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--Goodwill_iE_pn3n3_zkssoW0qLA9l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">At 31 December</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,859</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">6,602</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AB_zxCa3P9u1av4" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"></p> 27300000 0.01 The carrying amount of the CGU, including notional goodwill, exceeded its recoverable amount of €23.0 million by €1.6 million. The Group’s share of this impairment, €1,060k, has been recognised in profit or loss within impairment expense and allocated in full to goodwill; no impairment was allocated to customer relationships or trade names. 1062000 1060000 2000 <p id="xdx_895_eifrs-full--DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory_zgBH9kwsrhXf" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-controlling interests in the QIND acquisition are measured at the NCI’s proportionate share of the acquiree’s identifiable net assets (the partial goodwill method).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B9_zFZA9tzjRGWd" style="display: none">Schedule of acquiree’s identifiable net assets the partial goodwill method</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20251231_ztaDeyJooeQb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40C_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_pn3n3_zrXGeqbXEFyd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; font-weight: bold; text-align: left; padding-bottom: 1pt">Total purchase consideration</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; font-weight: bold; text-align: right">14,626</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--IdentifiableAssetsAcquiredLiabilitiesAssumed_iNI_pn3n3_di_zQJlFLJw1oS" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Less: Fair value of net identifiable assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11,970</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eifrs-full--EquityInterestsOfAcquirer_iNI_pn3n3_di_zHdv4cFePl6g" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">of which attributable to the parent (<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIGFjcXVpcmVlknMgaWRlbnRpZmlhYmxlIG5ldCBhc3NldHMgdGhlIHBhcnRpYWwgZ29vZHdpbGwgbWV0aG9kIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_905_ecustom--FairValueOfIdentifiableNetAssetsAttributableToParentPercentage_iI_pid_dp_uPure_c20251231_zkP1iLbp23vb" title="Fair value of identifiable net assets attributable to the parent percentage">67.04</span>%)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,025</td><td style="text-align: left">)</td></tr> <tr id="xdx_401_eifrs-full--NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate_iNI_pn3n3_di_zRTEXQEbUcGj" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1pt; font-style: italic; text-align: left">of which attributable to NCI (<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIGFjcXVpcmVlknMgaWRlbnRpZmlhYmxlIG5ldCBhc3NldHMgdGhlIHBhcnRpYWwgZ29vZHdpbGwgbWV0aG9kIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_904_ecustom--FairValueOfIdentifiableNetAssetsAttributableToNoncontrollingInterestPercentage_iI_pid_dp_uPure_c20251231_zzRqYWRyhFnj" title="Fair value of identifiable net assets attributable to the non-controlling interest percentage">32.96</span>%)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(3,945</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_402_eifrs-full--GoodwillRecognisedAsOfAcquisitionDate_iTI_pn3n3_zivNIog0bA73" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Goodwill recognised (parent’s share only)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">6,602</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold">Fair value of identifiable net assets</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20251231_zbBdRyj22u0l"> </td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td></tr> <tr id="xdx_40A_eifrs-full--IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_iNI_pn3n3_di_zitLonqnIBQg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: left">QIND net assets at acquisition (excluding pre-existing goodwill)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">(10,256</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_40E_eifrs-full--CustomerrelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_iI_pn3n3_zBU8qhFpEFpi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Customer relationships</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,758</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_ecustom--TradeNamesRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_iI_pn3n3_znIfTw0zKKWj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Trade names</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,606</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--InventoryRecognisedAsOfAcquisitionDate_iI_pn3n3_zJYWky0TZSXj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Inventory step-up</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">61</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate_iNI_pn3n3_di_ztr6pB1V5DId" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Deferred tax liability on fair value uplifts</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,198</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40A_eifrs-full--IdentifiableAssetsAcquiredLiabilitiesAssumed_iTI_pn3n3_zA9STrq2LSP8" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Fair value of identifiable net assets (<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIGFjcXVpcmVlknMgaWRlbnRpZmlhYmxlIG5ldCBhc3NldHMgdGhlIHBhcnRpYWwgZ29vZHdpbGwgbWV0aG9kIChEZXRhaWxzKSAoUGFyZW50aGV0aWNhbCkA" id="xdx_90A_ecustom--FairValueOfIdentifiableNetAssetsPercentage_iI_pid_dp_uPure_c20251231_zgLnq7RHK1Ff" title="Fair value of identifiable net assets percentage">100</span>%)</b></span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">11,970</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 14626000 11970000 0.6704 8025000 0.3296 3945000 6602000 10256000 19758000 4606000 61000 2198000 1 11970000 0.6704 0.3296 98300000 146600000 0.6936 0.3064 <p id="xdx_890_ecustom--DisclosureOfInformationAboutOfCarryingAmountOfGoodwillExplanatory_zidksXXiykmg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><b>Movement in the carrying amount of goodwill</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><span id="xdx_8B0_zMVMD2Urin1l" style="display: none">Schedule of carrying amount of goodwill</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">2025</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">2024</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40C_eifrs-full--Goodwill_iS_pn3n3_zMnAIbn19Fl5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">At 1 January</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">6,602</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--AdditionalRecognitionGoodwill_pn3n3_zkWQ8wKeXRGe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Recognised on acquisition of QIND</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,602</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--ImpairmentLossRecognisedInProfitOrLossGoodwill_pn3n3_zebBLFs42S13" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Impairment loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,060</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--IncreaseDecreaseThroughNetExchangeDifferencesGoodwill_pn3n3_zt6vqe0HuCr2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Exchange differences</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(683</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--Goodwill_iE_pn3n3_zkssoW0qLA9l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">At 31 December</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,859</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">6,602</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_80C_eifrs-full--DisclosureOfPrepaymentsAndOtherAssetsExplanatory_zC8tOGqPEFti" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>17.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_821_zQFW7YNP4aq5">Prepayments and other receivables</span></b></span></td></tr></table> <p id="xdx_898_eifrs-full--DisclosureOfOtherAssetsExplanatory_zMo6Je6Gc6qh" style="margin-top: 0; margin-bottom: 0"><span id="xdx_8B6_zfDpJ9CxbOa" style="display: none">Schedule of prepayments and other receivables</span> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20251231_z4Uepo2mIcp4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20241231_zzaxc706tVjg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td></tr> <tr id="xdx_401_eifrs-full--CurrentPrepayments_iI_pn3n3_maCPAOCz2ls_zIy2fnbJ4I91" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Prepayments</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right">27</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">45</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--CurrentTradeReceivables_iI_pn3n3_maCPAOCz2ls_zPs7g7zDdt52" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade receivables<span id="xdx_F40_zchuZxBtJyib">*</span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,774</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,953</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--CurrentValueAddedTaxReceivables_iI_pn3n3_maCPAOCz2ls_znWrPLQtk9zd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">VAT recoverable</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">17</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--OtherCurrentReceivables_iI_pn3n3_maCPAOCz2ls_z2boAIoCHmaa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other receivables</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">229</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">48</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--CurrentPrepaymentsAndOtherCurrentAssets_iTI_pn3n3_mtCPAOCz2ls_z7KHjYzoh3m8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepayments and other receivables</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,047</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,059</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F09_zNU2dyE7Vtq6" style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="width: 5pt"></td><td style="text-align: justify"><span id="xdx_F1C_zzRz8WWPTug1" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade receivables balance includes customer receivable amounts for QIND/Al Shola. Amounts are recorded at the invoice amount less an allowance for credit losses. The allowance is an estimate based on historical collection experience, current and future economic and market conditions, and a review of the current status of each customer’s trade accounts receivable. Management evaluates the aging of the accounts receivable balances and the financial condition of its customers and all other forward-looking information that is reasonably available to estimate the amount of accounts receivable that may not be collected in the future and before recording the appropriate provision.</span></td> </tr></table> <p id="xdx_8A9_zs2GF6r044Ig" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_898_eifrs-full--DisclosureOfOtherAssetsExplanatory_zMo6Je6Gc6qh" style="margin-top: 0; margin-bottom: 0"><span id="xdx_8B6_zfDpJ9CxbOa" style="display: none">Schedule of prepayments and other receivables</span> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20251231_z4Uepo2mIcp4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20241231_zzaxc706tVjg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td></tr> <tr id="xdx_401_eifrs-full--CurrentPrepayments_iI_pn3n3_maCPAOCz2ls_zIy2fnbJ4I91" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Prepayments</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right">27</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">45</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--CurrentTradeReceivables_iI_pn3n3_maCPAOCz2ls_zPs7g7zDdt52" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade receivables<span id="xdx_F40_zchuZxBtJyib">*</span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,774</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,953</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--CurrentValueAddedTaxReceivables_iI_pn3n3_maCPAOCz2ls_znWrPLQtk9zd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">VAT recoverable</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">17</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--OtherCurrentReceivables_iI_pn3n3_maCPAOCz2ls_z2boAIoCHmaa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other receivables</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">229</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">48</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--CurrentPrepaymentsAndOtherCurrentAssets_iTI_pn3n3_mtCPAOCz2ls_z7KHjYzoh3m8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepayments and other receivables</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,047</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,059</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F09_zNU2dyE7Vtq6" style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="width: 5pt"></td><td style="text-align: justify"><span id="xdx_F1C_zzRz8WWPTug1" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade receivables balance includes customer receivable amounts for QIND/Al Shola. Amounts are recorded at the invoice amount less an allowance for credit losses. The allowance is an estimate based on historical collection experience, current and future economic and market conditions, and a review of the current status of each customer’s trade accounts receivable. Management evaluates the aging of the accounts receivable balances and the financial condition of its customers and all other forward-looking information that is reasonably available to estimate the amount of accounts receivable that may not be collected in the future and before recording the appropriate provision.</span></td> </tr></table> 27000 45000 4774000 2953000 17000 13000 229000 48000 5047000 3059000 <p id="xdx_803_eifrs-full--DisclosureOfInventoriesExplanatory_z4j2j1CMrNMi" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>18.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_823_zxg2RYtzro7g">Inventory</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year, certain LPG cylinders held by QIND and previously classified within inventory were reclassified to property, plant and equipment following a reassessment of their nature and use within the business. These assets are held for ongoing operational use over multiple reporting periods rather than for sale in the ordinary course of business.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_899_ecustom--DisclosureOfInventoryExplanatory_zRlDR1GuLJLb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">This reclassification was identified as part of the purchase price allocation and 2025 audit procedures.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B1_zmYfDwPttSH3" style="display: none">Schedule of inventory</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20251231_zoYb4T6Uy9bg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20241231_zFwX79enEDu" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_40B_eifrs-full--InventoriesTotal_iI_pn3n3_hifrs-full--ClassesOfFinancialInstrumentsAxis__custom--LPGDistributionMaterialsAndConsumablesQINDAlSholaMember_zoqRMU273vH6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left; padding-bottom: 1pt">LPG distribution materials and consumables (QIND / Al Shola)</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; font-weight: bold; text-align: right">171</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">1,191</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--InventoriesTotal_iI_pn3n3_zgHjudIW0BV3" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Inventory</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">171</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,191</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A4_zqQVyGz8C2h7" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_899_ecustom--DisclosureOfInventoryExplanatory_zRlDR1GuLJLb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">This reclassification was identified as part of the purchase price allocation and 2025 audit procedures.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B1_zmYfDwPttSH3" style="display: none">Schedule of inventory</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20251231_zoYb4T6Uy9bg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20241231_zFwX79enEDu" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_40B_eifrs-full--InventoriesTotal_iI_pn3n3_hifrs-full--ClassesOfFinancialInstrumentsAxis__custom--LPGDistributionMaterialsAndConsumablesQINDAlSholaMember_zoqRMU273vH6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left; padding-bottom: 1pt">LPG distribution materials and consumables (QIND / Al Shola)</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; font-weight: bold; text-align: right">171</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">1,191</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--InventoriesTotal_iI_pn3n3_zgHjudIW0BV3" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Inventory</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">171</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,191</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 171000 1191000 171000 1191000 <p id="xdx_805_eifrs-full--DisclosureOfDepositsFromBanksExplanatory_zyJcBaClgsxa" style="font: bold 10pt Times New Roman, Times, Serif; display: none; margin: 0pt; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>19.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82F_z4F8j5vts6Z5">Deposits, advances and prepayments</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">Deposits and advances primarily represent payments made by QIND (Al Shola Gas) to suppliers and subcontractors in the ordinary course of its LPG distribution operations, including deposits on cylinders, equipment and related infrastructure. These balances are expected to be utilised within the normal operating cycle or recovered in accordance with contractual terms.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p id="xdx_89A_ecustom--DisclosureOfDepositsAdvancesAndPrepaymentsExplanatory_zI3sso7PEy1c" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">Prepayments comprise amounts paid in advance for goods and services to be consumed in future periods.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span><span id="xdx_8B2_zLTghr4uONwk" style="display: none">Schedule of deposits, advances, and prepayments</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20251231_zqKRJmKO836c" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20241231_zU7QdhSGAlP6" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_40E_eifrs-full--ShorttermDepositsNotClassifiedAsCashEquivalents_iI_pn3n3_hifrs-full--CategoriesOfFinancialAssetsAxis__custom--DepositsAndAdvancesMember_zSvCcbdXje83" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Deposits and advances</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right">341</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">509</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--ShorttermDepositsNotClassifiedAsCashEquivalents_iI_pn3n3_hifrs-full--CategoriesOfFinancialAssetsAxis__custom--OtherPrepaymentsMember_zMEMtlxhfmZk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other prepayments</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">179</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">239</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--ShorttermDepositsNotClassifiedAsCashEquivalents_iI_pn3n3_z36d3Tox2tEh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Deposits, advances, and prepayments</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">520</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">748</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A4_z3l1D5jBiRBj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p id="xdx_89A_ecustom--DisclosureOfDepositsAdvancesAndPrepaymentsExplanatory_zI3sso7PEy1c" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">Prepayments comprise amounts paid in advance for goods and services to be consumed in future periods.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span><span id="xdx_8B2_zLTghr4uONwk" style="display: none">Schedule of deposits, advances, and prepayments</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20251231_zqKRJmKO836c" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20241231_zU7QdhSGAlP6" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_40E_eifrs-full--ShorttermDepositsNotClassifiedAsCashEquivalents_iI_pn3n3_hifrs-full--CategoriesOfFinancialAssetsAxis__custom--DepositsAndAdvancesMember_zSvCcbdXje83" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Deposits and advances</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right">341</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">509</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--ShorttermDepositsNotClassifiedAsCashEquivalents_iI_pn3n3_hifrs-full--CategoriesOfFinancialAssetsAxis__custom--OtherPrepaymentsMember_zMEMtlxhfmZk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other prepayments</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">179</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">239</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--ShorttermDepositsNotClassifiedAsCashEquivalents_iI_pn3n3_z36d3Tox2tEh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Deposits, advances, and prepayments</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">520</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">748</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 341000 509000 179000 239000 520000 748000 <p id="xdx_808_eifrs-full--DisclosureOfCashAndCashEquivalentsExplanatory_zEh0vQLPYwXd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>20.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_828_zQMgn2UqnPUh">Cash and cash equivalents</span></b></span></td></tr></table> <p id="xdx_894_ecustom--DisclosureOfDetailedInformationAboutCashAndCashEquivalentsExplanatory_zaAF8ZRd6voa" style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span><span id="xdx_8BE_zj0OTVXMYd58" style="display: none">Schedule of cash and cash equivalents</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20251231_zXOfaDz5QV02" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20241231_zJInmgUMajjg" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_400_eifrs-full--CashEquivalents_iI_maCACEzXxT_zS5ZuOqsvycl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left; padding-bottom: 1pt">Cash and cash equivalents</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; font-weight: bold; text-align: right">575</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">214</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--CashAndCashEquivalents_iTI_mtCACEzXxT_zmodYuuKGVq" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total cash and cash equivalents</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">575</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">214</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AF_zz5sHr4Lel7e" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Non-cash investing and financing transactions</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_893_ecustom--DisclosureOfDetailedInformationAboutNonCashInvestingAndFinancingTransactionsExplanatory_zcG3q3OrKcD3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In accordance with IAS 7.43, the following material non-cash investing and financing transactions arose during the year and are not reflected in the consolidated statement of cash flows. The corresponding equity movements are set out in the consolidated statement of changes in equity:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B1_zKE6CNv1NBGc" style="display: none">Schedule of non-cash investing and financing transactions</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20250101__20251231_z6SQ9bOOcCy2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20240101__20241231_zJ7hzA1qaiS7" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_406_ecustom--IncreaseDecreaseThroughCommitmentShares_pn3n3_maIDTNIzyin_zP0hQtrxE371" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Commitment shares</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right">306</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3027">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--IncreaseDecreaseThroughConversionOfConvertibleInstruments_pn3n3_maIDTNIzyin_zaTaUEoVza52" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Macquarie conversions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">574</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">916</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--IssueOfConvertibleInstruments_pn3n3_maIDTNIzyin_zuUVNe1BCH2h" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Keystone note conversion</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,939</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3033">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--IncreaseDecreaseThroughServiceWarrants_pn3n3_maIDTNIzyin_zkSlJVlwsUZe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Service warrants</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">172</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3036">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--IncreaseDecreaseThroughShareIssuanceAtQINDMerger_pn3n3_maIDTNIzyin_zyUuGkrzGn9c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Share issuance at QIND merger</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3038">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">14,626</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--IncreaseDecreaseThroughNoncashInvestingAndFinancingTransactions_iT_pn3n3_mtIDTNIzyin_zlZh9mBpxbP5" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Total non-cash investing and financing transactions</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,991</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">15,542</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A7_zMmlPl5aSaP4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended 31 December 2025, holders of convertible notes elected to convert outstanding principal amounts into ordinary shares at the contractually specified conversion prices. The aggregate non-cash conversions comprised €<span id="xdx_90E_eifrs-full--IncreaseDecreaseThroughConversionOfConvertibleInstruments_pn3n3_c20250101__20251231_zV97qn5npKk2" title="Macquarie non-cash conversions">574</span>k of notes originally issued to Macquarie (2024: €<span id="xdx_90D_eifrs-full--IncreaseDecreaseThroughConversionOfConvertibleInstruments_pn3n3_c20240101__20241231_zwI05m1dZqVj" title="Macquarie non-cash conversions">916</span>k) and €<span id="xdx_905_eifrs-full--IssueOfConvertibleInstruments_pn3n3_c20250101__20251231_zlaY8X8ZlK4c" title="Keystone note conversion">1,939</span>k of notes originally issued to Keystone Capital and related parties (Seven Knots, First Fire and Jim Fallon). On conversion, the carrying amounts of the convertible notes and any associated derivative financial liability component were derecognised, with the corresponding fair value of ordinary shares issued recognised in share capital and share premium.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year, the Group also issued <span id="xdx_90F_ecustom--NumberofSharesIssuedOnCommitmentShares_c20250101__20251231_zCg9Lp1dFzVj" title="Commitment shares">13,890</span> ordinary shares with a fair value of €<span id="xdx_90C_ecustom--IncreaseDecreaseThroughCommitmentShares_pn3n3_c20250101__20251231_zGjqYefBtYgg" title="Commitment shares value">306</span>k as commitment shares in connection with its convertible note facility, and granted private warrants with a fair value of €172k as non-cash consideration for professional services received. These transactions did not give rise to any cash movement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The 2024 comparative includes ordinary shares and Series A Preferred Shares issued as non-cash consideration for the acquisition of Quality Industrial Corp. on 26 November 2024, with an aggregate fair value of €<span id="xdx_905_ecustom--IncreaseDecreaseThroughShareIssuanceAtQINDMerger_pn3n3_c20241126__20241126__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QualityIndustrialCorpMember_zZO57z5FNx0k" title="Non-cash consideration for the acquisition">14,626</span>k.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A number of additional movements within equity occurred during the year, including the reclassification of exchange warrants, the repricing of July and December 2025 PIPE warrants, and the conversion of QIND preferred stock. These movements represent transfers between components of equity rather than non-cash financing transactions and are presented in the consolidated statement of changes in equity.</span></p> <p id="xdx_894_ecustom--DisclosureOfDetailedInformationAboutCashAndCashEquivalentsExplanatory_zaAF8ZRd6voa" style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span><span id="xdx_8BE_zj0OTVXMYd58" style="display: none">Schedule of cash and cash equivalents</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20251231_zXOfaDz5QV02" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20241231_zJInmgUMajjg" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_400_eifrs-full--CashEquivalents_iI_maCACEzXxT_zS5ZuOqsvycl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left; padding-bottom: 1pt">Cash and cash equivalents</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; font-weight: bold; text-align: right">575</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 16%; text-align: right">214</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--CashAndCashEquivalents_iTI_mtCACEzXxT_zmodYuuKGVq" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total cash and cash equivalents</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">575</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">214</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 575000 214000 575000 214000 <p id="xdx_893_ecustom--DisclosureOfDetailedInformationAboutNonCashInvestingAndFinancingTransactionsExplanatory_zcG3q3OrKcD3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In accordance with IAS 7.43, the following material non-cash investing and financing transactions arose during the year and are not reflected in the consolidated statement of cash flows. The corresponding equity movements are set out in the consolidated statement of changes in equity:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B1_zKE6CNv1NBGc" style="display: none">Schedule of non-cash investing and financing transactions</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20250101__20251231_z6SQ9bOOcCy2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20240101__20241231_zJ7hzA1qaiS7" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_406_ecustom--IncreaseDecreaseThroughCommitmentShares_pn3n3_maIDTNIzyin_zP0hQtrxE371" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Commitment shares</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right">306</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3027">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--IncreaseDecreaseThroughConversionOfConvertibleInstruments_pn3n3_maIDTNIzyin_zaTaUEoVza52" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Macquarie conversions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">574</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">916</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--IssueOfConvertibleInstruments_pn3n3_maIDTNIzyin_zuUVNe1BCH2h" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Keystone note conversion</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,939</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3033">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--IncreaseDecreaseThroughServiceWarrants_pn3n3_maIDTNIzyin_zkSlJVlwsUZe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Service warrants</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">172</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3036">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--IncreaseDecreaseThroughShareIssuanceAtQINDMerger_pn3n3_maIDTNIzyin_zyUuGkrzGn9c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Share issuance at QIND merger</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3038">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">14,626</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--IncreaseDecreaseThroughNoncashInvestingAndFinancingTransactions_iT_pn3n3_mtIDTNIzyin_zlZh9mBpxbP5" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Total non-cash investing and financing transactions</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,991</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">15,542</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 306000 574000 916000 1939000 172000 14626000 2991000 15542000 574000 916000 1939000 13890 306000 14626000 <p id="xdx_801_eifrs-full--DisclosureOfLeasesExplanatory_z94E7T3aE159" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>21.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_821_zbRqf6EIbtK3">Leases</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the normal course of its business, the Group leases property and vehicles. The Group’s maintains its lease of its Irish office and entered into a lease of its Spanish office (BrightHy). The majority of the lease liability arises from leases held through the Group’s subsidiaries, QIND, and Al Shola. These leases pertain to vehicles.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group has elected not to recognize right-of-use assets and lease liabilities for leases of low-value assets and short-term leases. The Group recognises the lease payments associated with these leases as an expense on a straight-line basis over the lease term.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Information about leases for which the Group is a lessee is presented below.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">i.</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Right-of-use assets</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 39.3pt; text-align: justify; text-indent: -10.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_898_eifrs-full--DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory_zZkziZC1pOZ3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Right-of-use assets related to leased properties, vehicles and land are presented as property, plant and equipment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B8_zXMAKilwDHwe" style="display: none">Schedule of right-of-use assets related to leased properties</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B6_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--OfficeEquipmentMember_ztDP1dzKY74d" style="font-weight: bold; text-align: right">Equipment</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BF_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--PropertiesMember_zwq4G4EkmVKa" style="font-weight: bold; text-align: right">Properties</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BB_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--VehiclesMember_zw2a8SyE5d5" style="font-weight: bold; text-align: right">Vehicles</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B4_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--LandMember_zgy3pIIDudjb" style="font-weight: bold; text-align: right">Land</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B7_zFl4G5JOABt9" style="font-weight: bold; text-align: right">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr id="xdx_43F_c20240101__20241231_eifrs-full--RightofuseAssets_iS_pn3n3_zyet3aQRE727" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 35%">January 1, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">56</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">6,827</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">498</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,888</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">10,269</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--AdditionsToRightofuseAssets_pn3n3_zYkxob6ToHN1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additions right-of-use assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">27</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3067">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">193</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3069">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">221</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--RevaluationIncreaseDecreasePropertyPlantAndEquipmentIncludingRightofuseAssets_pn3n3_z6HT13gS9qY4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Revaluation of ROU assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">455</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3074">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3075">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">455</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--DisposalsRightofuseAssets_iN_pn3n3_di_zWRynGVg43jj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Disposal of ROU assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(57</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6,593</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(358</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,802</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(9,810</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eifrs-full--DepreciationRightofuseAssets_iN_pn3n3_di_zgyG8zOu1iG6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Depreciation charge for the period</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(26</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(616</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(146</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(86</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(873</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_43A_c20250101__20251231_eifrs-full--RightofuseAssets_iS_pn3n3_zpc58aliyHVl" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">December 31, 2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">0</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">74</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">187</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">0</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">261</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43C_c20250101__20251231_eifrs-full--RightofuseAssets_iS_pn3n3_zvZm17kffpkj" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Balance beginning</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">0</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">74</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">187</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">0</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">261</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--AdditionsToRightofuseAssets_pn3n3_zVn7iMZQAp9k" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additions right-of-use assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3102">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">149</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">221</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3105">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">370</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--RevaluationIncreaseDecreasePropertyPlantAndEquipmentIncludingRightofuseAssets_pn3n3_znRk7mZGXtxk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Revaluation of ROU assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3108">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3109">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3111">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--DisposalsRightofuseAssets_iN_pn3n3_di_zAoAIYaclSkc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Disposal of ROU assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3114">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(66</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3116">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3117">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(66</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eifrs-full--DepreciationRightofuseAssets_iN_pn3n3_di_z59kZk80HuF5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Depreciation charge for the period</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3120">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(31</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(95</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3123">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(127</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_432_c20250101__20251231_eifrs-full--RightofuseAssets_iE_pn3n3_zWWtHWcbcHul" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3126">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">126</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">317</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3129">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">442</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43D_c20250101__20251231_eifrs-full--RightofuseAssets_iE_pn3n3_z2UNnWjOKYdk" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Balance ending</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3132">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">126</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">317</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3135">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">442</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A2_zNnAAxs7I8gk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_896_eifrs-full--DisclosureOfProfitLossFromOperatingActivitiesExplanatory_zeuZUlnhy1l8" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ii.</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amounts recognized in the Consolidated statement of profit or loss and other comprehensive income.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B3_zI69BAWLE2qe" style="display: none">Schedule of consolidated statement of profit or loss and other comprehensive income</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20250101__20251231_zuX9d7O2E9Ll" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20240101__20241231_zqPcN0ZtPB8k" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20230101__20231231_zTbr4HnN5C8i" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_409_eifrs-full--InterestExpenseOnLeaseLiabilities_pn3n3_zDrOIXCQCmT8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">Interest on lease liabilities</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">21</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">445</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">530</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsed_pn3n3_zVO1eS5uCWA" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expenses relating to short-term leases</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">161</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--DepreciationRightsofuseAssets_pn3n3_zUhldovUSixk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Depreciation of Right of Use assets</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">127</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">874</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">950</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A2_z7AAyPvcKo03" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"> </p> <p id="xdx_89C_eifrs-full--DisclosureOfCashFlowStatementExplanatory_zoibLfn4eEd4" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">iii.</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amounts recognized in statement of cash flows.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B9_zcOqXF1sBhQf" style="display: none">Schedule of amounts recognized in statement of cash flows</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20250101__20251231_zzSwuY5tbIRf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20240101__20241231_zaOcoUhyItSk" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20230101__20231231_z8lNLQQ5p9vl" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_404_eifrs-full--CashOutflowForLeases_zOLwYMyzg6p6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left; padding-bottom: 1pt">Total cash outflow for leases</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 14%; font-weight: bold; text-align: right">184</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 14%; text-align: right">752</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 14%; text-align: right">1,291</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A5_zJGIuqVn6NCc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">iv.</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lease liabilities.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 39.3pt; text-align: justify; text-indent: -10.95pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89F_eifrs-full--DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory_ztJOJCu1r9Nc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lease liabilities are payable as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B8_z44LENZxmb7l" style="display: none">Schedule of lease liabilities payable</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Future</p> <p style="margin-top: 0; margin-bottom: 0">minimum lease</p> <p style="margin-top: 0; margin-bottom: 0">payments 2025</p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Interest 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Present value of</p> <p style="margin-top: 0; margin-bottom: 0">minimum lease</p> <p style="margin-top: 0; margin-bottom: 0">payments 2025</p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">Less than one year</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_ecustom--FutureMinimumLeasePayments_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zMmZsNbbr7ni" style="width: 14%; text-align: right" title="Future minimum lease payments">195</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eifrs-full--InterestExpense_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_z48x4uqnZcrd" style="width: 14%; text-align: right" title="Interest">25</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_ecustom--PresentValueOfMinimumLeasePayments_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_za12mjulZ4a6" style="width: 14%; text-align: right" title="Present value of minimum lease payments">159</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Between two and five years</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--FutureMinimumLeasePayments_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zQ46uU7o5jrh" style="text-align: right" title="Future minimum lease payments">302</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--InterestExpense_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zq8P7FJubMJa" style="text-align: right" title="Interest">21</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--PresentValueOfMinimumLeasePayments_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zBVdNLsOphI1" style="text-align: right" title="Present value of minimum lease payments">281</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">More than five years</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--FutureMinimumLeasePayments_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zYzcvXhoDwAe" style="border-bottom: Black 1pt solid; text-align: right" title="Future minimum lease payments"><span style="-sec-ix-hidden: xdx2ixbrl3172">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--InterestExpense_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zEOcNUvHEy1e" style="border-bottom: Black 1pt solid; text-align: right" title="Interest"><span style="-sec-ix-hidden: xdx2ixbrl3174">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--PresentValueOfMinimumLeasePayments_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_z3lDmcCYHENa" style="border-bottom: Black 1pt solid; text-align: right" title="Present value of minimum lease payments"><span style="-sec-ix-hidden: xdx2ixbrl3176">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98B_ecustom--FutureMinimumLeasePayments_pn3n3_c20250101__20251231_zANLQCRKhH55" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Future minimum lease payments">497</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_988_eifrs-full--InterestExpense_pn3n3_c20250101__20251231_zSKmUMQwcyCk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Interest">46</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_980_ecustom--PresentValueOfMinimumLeasePayments_pn3n3_c20250101__20251231_z44Dw16GVqY9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Present value of minimum lease payments">440</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AE_ztg4UDvRmDb4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"></p> <p id="xdx_89D_eifrs-full--ExplanationOfDifferenceBetweenOperatingLeaseCommitmentsDisclosedApplyingIAS17AndLeaseLiabilitiesRecognisedAtDateOfInitialApplicationOfIFRS16Explanatory_zTW0mX6G85gd" style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B6_z1nwxNEQ01pk" style="display: none">Schedule of lease liabilities</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20250101__20251231_zFby5B2N5Zo7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20240101__20241231_zJdoToRfQOw8" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_402_eifrs-full--LeaseLiabilities_iS_pn3n3_zlAnqJiTE3ad" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; font-weight: bold">Balance at 1 January</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right">273</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">10,785</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--PaymentOfLeaseLiabilities_pn3n3_zJZWjL56ph3c" style="vertical-align: bottom; background-color: White"> <td>Payments</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(140</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(768</td><td style="text-align: left">)</td></tr> <tr id="xdx_404_ecustom--NewLeases_pn3n3_zX3iFyPc2El9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">New leases</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">376</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">289</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--LeaseLiabilitiesRevaluations_pn3n3_zyr0ks6v8h5e" style="vertical-align: bottom; background-color: White"> <td>Revaluations</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3195">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">455</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--LeaseLiabilitiesDisposals_pn3n3_zWrT9Yxmt7wl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Disposals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(68</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,471</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eifrs-full--InterestExpenseOnLeaseLiabilities_pn3n3_zGt1dfg7oEZf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">21</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">445</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--LeaseLiabilitiesInterestPaid_pn3n3_zA8M238UzYng" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest paid</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(21</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(462</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eifrs-full--LeaseLiabilities_iE_pn3n3_zIX13jtLCaZi" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at 31 December</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">440</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">273</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AE_zNV7jSgNwhx5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89D_ecustom--ScheduleOfLeaseLiabilitiesNoncurrentAndCurrentTableTextBlock_zzT9VQlh4Sxj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B9_zmDlWYXcxfj2" style="display: none">Schedule of lease liabilities non-current and current</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20251231_zp5c63b6j1Ll" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20241231_znfpFTOL7O98" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Non-current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_zZzqPQm55LHi" style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: left">Lease liability</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right">281</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">156</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_zmJoWCEDN74b" style="display: none; vertical-align: bottom; background-color: White"> <td style="text-align: left">Non-current lease liability</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">281</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">156</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic">Current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_ztFoMQZPXFag" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Lease liability</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">158</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">117</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_zeGc81Pjxnce" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Current lease liability</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">158</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">117</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--LeaseLiabilities_iI_pn3n3_zrQBr9R8kvFl" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Balance at period end</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">440</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">273</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A4_zG1wTBQHguvc" style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group discounted its remaining lease payments for the calculation of the lease liability using an incremental borrowing rate ranging between <span id="xdx_90A_eifrs-full--BorrowingsInterestRate_iI_pid_dp_uPure_c20251231__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zbrZsPTvVhi1">3</span>% and <span id="xdx_909_eifrs-full--BorrowingsInterestRate_iI_pid_dp_uPure_c20251231__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zcljpglDEHI6">6</span>% at a Fusion Fuel level. Lease liabilities within the Groups subsidiaries QIND and Al Shola were discounted using an incremental borrowing rate of <span id="xdx_902_eifrs-full--BorrowingsInterestRate_iI_pid_dp_uPure_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDAndAlSholaMember_zP14usGblD5l">8</span>%.</span></p> <p id="xdx_898_eifrs-full--DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory_zZkziZC1pOZ3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Right-of-use assets related to leased properties, vehicles and land are presented as property, plant and equipment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B8_zXMAKilwDHwe" style="display: none">Schedule of right-of-use assets related to leased properties</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B6_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--OfficeEquipmentMember_ztDP1dzKY74d" style="font-weight: bold; text-align: right">Equipment</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BF_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--PropertiesMember_zwq4G4EkmVKa" style="font-weight: bold; text-align: right">Properties</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4BB_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--VehiclesMember_zw2a8SyE5d5" style="font-weight: bold; text-align: right">Vehicles</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B4_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--LandMember_zgy3pIIDudjb" style="font-weight: bold; text-align: right">Land</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_4B7_zFl4G5JOABt9" style="font-weight: bold; text-align: right">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr id="xdx_43F_c20240101__20241231_eifrs-full--RightofuseAssets_iS_pn3n3_zyet3aQRE727" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 35%">January 1, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">56</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">6,827</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">498</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,888</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">10,269</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--AdditionsToRightofuseAssets_pn3n3_zYkxob6ToHN1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additions right-of-use assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">27</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3067">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">193</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3069">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">221</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--RevaluationIncreaseDecreasePropertyPlantAndEquipmentIncludingRightofuseAssets_pn3n3_z6HT13gS9qY4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Revaluation of ROU assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">455</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3074">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3075">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">455</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--DisposalsRightofuseAssets_iN_pn3n3_di_zWRynGVg43jj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Disposal of ROU assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(57</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6,593</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(358</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,802</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(9,810</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eifrs-full--DepreciationRightofuseAssets_iN_pn3n3_di_zgyG8zOu1iG6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Depreciation charge for the period</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(26</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(616</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(146</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(86</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(873</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_43A_c20250101__20251231_eifrs-full--RightofuseAssets_iS_pn3n3_zpc58aliyHVl" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">December 31, 2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">0</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">74</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">187</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">0</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">261</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43C_c20250101__20251231_eifrs-full--RightofuseAssets_iS_pn3n3_zvZm17kffpkj" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Balance beginning</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">0</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">74</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">187</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">0</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">261</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--AdditionsToRightofuseAssets_pn3n3_zVn7iMZQAp9k" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additions right-of-use assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3102">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">149</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">221</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3105">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">370</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--RevaluationIncreaseDecreasePropertyPlantAndEquipmentIncludingRightofuseAssets_pn3n3_znRk7mZGXtxk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Revaluation of ROU assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3108">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3109">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3111">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--DisposalsRightofuseAssets_iN_pn3n3_di_zAoAIYaclSkc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Disposal of ROU assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3114">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(66</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3116">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3117">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(66</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eifrs-full--DepreciationRightofuseAssets_iN_pn3n3_di_z59kZk80HuF5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Depreciation charge for the period</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3120">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(31</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(95</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3123">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(127</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_432_c20250101__20251231_eifrs-full--RightofuseAssets_iE_pn3n3_zWWtHWcbcHul" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3126">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">126</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">317</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3129">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">442</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43D_c20250101__20251231_eifrs-full--RightofuseAssets_iE_pn3n3_z2UNnWjOKYdk" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Balance ending</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3132">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">126</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">317</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3135">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">442</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 56000 6827000 498000 2888000 10269000 27000 193000 221000 455000 455000 57000 6593000 358000 2802000 9810000 26000 616000 146000 86000 873000 0 74000 187000 0 261000 0 74000 187000 0 261000 149000 221000 370000 4000 4000 66000 66000 31000 95000 127000 126000 317000 442000 126000 317000 442000 <p id="xdx_896_eifrs-full--DisclosureOfProfitLossFromOperatingActivitiesExplanatory_zeuZUlnhy1l8" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ii.</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amounts recognized in the Consolidated statement of profit or loss and other comprehensive income.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B3_zI69BAWLE2qe" style="display: none">Schedule of consolidated statement of profit or loss and other comprehensive income</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20250101__20251231_zuX9d7O2E9Ll" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20240101__20241231_zqPcN0ZtPB8k" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20230101__20231231_zTbr4HnN5C8i" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_409_eifrs-full--InterestExpenseOnLeaseLiabilities_pn3n3_zDrOIXCQCmT8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">Interest on lease liabilities</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">21</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">445</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">530</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsed_pn3n3_zVO1eS5uCWA" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expenses relating to short-term leases</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">161</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--DepreciationRightsofuseAssets_pn3n3_zUhldovUSixk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Depreciation of Right of Use assets</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">127</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">874</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">950</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 21000 445000 530000 3000 3000 161000 127000 874000 950000 <p id="xdx_89C_eifrs-full--DisclosureOfCashFlowStatementExplanatory_zoibLfn4eEd4" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">iii.</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amounts recognized in statement of cash flows.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B9_zcOqXF1sBhQf" style="display: none">Schedule of amounts recognized in statement of cash flows</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20250101__20251231_zzSwuY5tbIRf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20240101__20241231_zaOcoUhyItSk" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20230101__20231231_z8lNLQQ5p9vl" style="border-bottom: Black 1pt solid; text-align: right">2023</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_404_eifrs-full--CashOutflowForLeases_zOLwYMyzg6p6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left; padding-bottom: 1pt">Total cash outflow for leases</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 14%; font-weight: bold; text-align: right">184</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 14%; text-align: right">752</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 14%; text-align: right">1,291</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> </table> 184000 752000 1291000 <p id="xdx_89F_eifrs-full--DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory_ztJOJCu1r9Nc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lease liabilities are payable as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B8_z44LENZxmb7l" style="display: none">Schedule of lease liabilities payable</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Future</p> <p style="margin-top: 0; margin-bottom: 0">minimum lease</p> <p style="margin-top: 0; margin-bottom: 0">payments 2025</p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Interest 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Present value of</p> <p style="margin-top: 0; margin-bottom: 0">minimum lease</p> <p style="margin-top: 0; margin-bottom: 0">payments 2025</p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">Less than one year</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_ecustom--FutureMinimumLeasePayments_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zMmZsNbbr7ni" style="width: 14%; text-align: right" title="Future minimum lease payments">195</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eifrs-full--InterestExpense_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_z48x4uqnZcrd" style="width: 14%; text-align: right" title="Interest">25</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_ecustom--PresentValueOfMinimumLeasePayments_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_za12mjulZ4a6" style="width: 14%; text-align: right" title="Present value of minimum lease payments">159</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Between two and five years</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--FutureMinimumLeasePayments_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zQ46uU7o5jrh" style="text-align: right" title="Future minimum lease payments">302</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--InterestExpense_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zq8P7FJubMJa" style="text-align: right" title="Interest">21</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--PresentValueOfMinimumLeasePayments_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zBVdNLsOphI1" style="text-align: right" title="Present value of minimum lease payments">281</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">More than five years</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--FutureMinimumLeasePayments_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zYzcvXhoDwAe" style="border-bottom: Black 1pt solid; text-align: right" title="Future minimum lease payments"><span style="-sec-ix-hidden: xdx2ixbrl3172">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--InterestExpense_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zEOcNUvHEy1e" style="border-bottom: Black 1pt solid; text-align: right" title="Interest"><span style="-sec-ix-hidden: xdx2ixbrl3174">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--PresentValueOfMinimumLeasePayments_pn3n3_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_z3lDmcCYHENa" style="border-bottom: Black 1pt solid; text-align: right" title="Present value of minimum lease payments"><span style="-sec-ix-hidden: xdx2ixbrl3176">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98B_ecustom--FutureMinimumLeasePayments_pn3n3_c20250101__20251231_zANLQCRKhH55" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Future minimum lease payments">497</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_988_eifrs-full--InterestExpense_pn3n3_c20250101__20251231_zSKmUMQwcyCk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Interest">46</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_980_ecustom--PresentValueOfMinimumLeasePayments_pn3n3_c20250101__20251231_z44Dw16GVqY9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Present value of minimum lease payments">440</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 195000 25000 159000 302000 21000 281000 497000 46000 440000 <p id="xdx_89D_eifrs-full--ExplanationOfDifferenceBetweenOperatingLeaseCommitmentsDisclosedApplyingIAS17AndLeaseLiabilitiesRecognisedAtDateOfInitialApplicationOfIFRS16Explanatory_zTW0mX6G85gd" style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B6_z1nwxNEQ01pk" style="display: none">Schedule of lease liabilities</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_499_20250101__20251231_zFby5B2N5Zo7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20240101__20241231_zJdoToRfQOw8" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr id="xdx_402_eifrs-full--LeaseLiabilities_iS_pn3n3_zlAnqJiTE3ad" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; font-weight: bold">Balance at 1 January</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right">273</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">10,785</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--PaymentOfLeaseLiabilities_pn3n3_zJZWjL56ph3c" style="vertical-align: bottom; background-color: White"> <td>Payments</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(140</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(768</td><td style="text-align: left">)</td></tr> <tr id="xdx_404_ecustom--NewLeases_pn3n3_zX3iFyPc2El9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">New leases</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">376</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">289</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--LeaseLiabilitiesRevaluations_pn3n3_zyr0ks6v8h5e" style="vertical-align: bottom; background-color: White"> <td>Revaluations</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3195">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">455</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--LeaseLiabilitiesDisposals_pn3n3_zWrT9Yxmt7wl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Disposals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(68</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(10,471</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eifrs-full--InterestExpenseOnLeaseLiabilities_pn3n3_zGt1dfg7oEZf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest expense</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">21</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">445</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--LeaseLiabilitiesInterestPaid_pn3n3_zA8M238UzYng" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest paid</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(21</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(462</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eifrs-full--LeaseLiabilities_iE_pn3n3_zIX13jtLCaZi" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance at 31 December</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">440</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">273</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 273000 10785000 -140000 -768000 376000 289000 455000 -68000 -10471000 21000 445000 -21000 -462000 440000 273000 <p id="xdx_89D_ecustom--ScheduleOfLeaseLiabilitiesNoncurrentAndCurrentTableTextBlock_zzT9VQlh4Sxj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B9_zmDlWYXcxfj2" style="display: none">Schedule of lease liabilities non-current and current</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20251231_zp5c63b6j1Ll" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20241231_znfpFTOL7O98" style="border-bottom: Black 1pt solid; text-align: right">2024</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right">€’000</td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic">Non-current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_zZzqPQm55LHi" style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: left">Lease liability</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right">281</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">156</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--NoncurrentLeaseLiabilities_iI_pn3n3_zmJoWCEDN74b" style="display: none; vertical-align: bottom; background-color: White"> <td style="text-align: left">Non-current lease liability</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">281</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">156</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; font-style: italic">Current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_ztFoMQZPXFag" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Lease liability</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">158</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">117</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_zeGc81Pjxnce" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Current lease liability</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">158</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">117</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--LeaseLiabilities_iI_pn3n3_zrQBr9R8kvFl" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Balance at period end</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">440</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">273</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 281000 156000 281000 156000 158000 117000 158000 117000 440000 273000 0.03 0.06 0.08 <p id="xdx_807_eifrs-full--DisclosureOfOtherLiabilitiesExplanatory_z037jpig0B2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>22.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82F_z9790ciIOCU5">Other Payables - Long term &amp; current</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In connection with the ASG Acquisition, QIND acquired bank debt totalling approximately $<span id="xdx_902_eifrs-full--LoansAndAdvancesToBanks_iI_uUSD_c20251231_zaOUveBcREU" title="Loans and advances to banks">357,577</span> (€<span id="xdx_909_eifrs-full--LoansAndAdvancesToBanks_iI_c20251231_zhqrvmjF4el6" title="Loans and advances to banks">315,959</span>). As of December 31, 2025, total long term borrowings outstanding were $<span id="xdx_903_eifrs-full--LongtermBorrowings_iI_uUSD_c20251231_za53aUP2ATua" title="Non-current portion of non-current borrowings">62,435</span> (€<span id="xdx_907_eifrs-full--LongtermBorrowings_iI_c20251231_zAXancHrnNo1" title="Non-current portion of non-current borrowings">53,200</span>).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">QIND acquired a <span id="xdx_900_ecustom--AcquiredInterestPercentage_dp_uPure_c20240327__20240327__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlSholaGasMember_zd7DvJ5Ib2se" title="Acquired interest percentage">51</span>% interest in Al Shola Gas on March 27, 2024, with the issuance of $<span id="xdx_90F_eifrs-full--NotesAndDebenturesIssued_iI_uUSD_c20240327__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlSholaGasMember_z3T5oFfHpMtb" title="Notes and debentures issued">9,000,000</span> note payable and $<span id="xdx_905_eifrs-full--Cash_iI_uUSD_c20240327__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlSholaGasMember_zzZsQb92i6w1" title="Cash">1,000,000</span> in cash. The payable is due as follows: $<span id="xdx_902_eifrs-full--OtherPayables_iI_pn6n6_uUSD_c20240327__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlSholaGasMember_zqnmZAtQoJ9i" title="Other payables">9</span> million in National Exchange listed stock or cash to be paid to Seller of which $<span id="xdx_90C_eifrs-full--NoncurrentPortionOfOtherNoncurrentBorrowings_iI_uUSD_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlSholaGasMember_zvxp6uXsLkqe" title="Non-current portion of other non-current borrowings">1,125,000</span> (€<span id="xdx_906_eifrs-full--NoncurrentPortionOfOtherNoncurrentBorrowings_iI_c20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlSholaGasMember_zqKIX3Gonwqk" title="Non-current portion of other non-current borrowings">958,589</span>) is the non-current portion at 31 December 2025 (2024: $<span id="xdx_901_eifrs-full--NoncurrentPortionOfOtherNoncurrentBorrowings_iI_uUSD_c20241231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--AlSholaGasMember_zS09hj9OlPO" title="Non-current portion of other non-current borrowings">4,500,000</span>).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In connection with this acquisition, QIND acquired right-of-use assets of $<span id="xdx_903_eifrs-full--RightofuseAssets_iI_uUSD_c20251231_zjeTtgyG8UQa" title="Right-of-use assets">222,130</span> and operating lease liabilities of $<span id="xdx_904_eifrs-full--LeaseLiabilities_iI_uUSD_c20251231_zbm3qddi7xN7" title="Lease liabilities">229,359</span> associated with lease agreements with a term extending beyond <span id="xdx_90F_ecustom--LeaseAgreementsTermExtending_c20250101__20251231_zYKLRNQjXUnh" title="Lease agreements term extending">twelve months</span> for vehicles. These acquired operating leases were valued on the date of acquisition using the present value of the lease payments remaining from the date acquired and an estimated incremental borrowing rate of <span id="xdx_90E_eifrs-full--BorrowingsAdjustmentToInterestRateBasis_iI_dp_uPure_c20251231_zit8eJIA2jy" title="Borrowings, adjustment to interest rate basis">8</span>%. During the twelve months ended December 31, 2025, we recognized rent expense of $<span id="xdx_908_eifrs-full--RentalExpense_uUSD_c20250101__20251231_zut7ehP4pogk" title="Rental expense">105,128</span> (€<span id="xdx_905_eifrs-full--RentalExpense_c20250101__20251231_zgslE1UFI2S1" title="Rental expense">92,895</span>).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_890_ecustom--DisclosureOfMaturityAnalysisOfOperatingLeasePaymentExplanatory_zzmP6Mr2bRT2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following is a summary of future lease payments required under the lease agreements:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B9_zGJ090sJfol5">Schedule of Future Lease Payments</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Number of vehicles</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total $</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 45%; text-align: center">Year 2026</td><td style="width: 2%"> </td> <td style="width: 33%; text-align: center"><span id="xdx_906_ecustom--NumberOfVehicles_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zpjqFRniB877" title="Number of vehicles">16</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eifrs-full--LeaseLiabilities_iI_uUSD_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherPayablesLongTermMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zcffPx9OD379" style="width: 16%; text-align: right" title="Year 2026">154,040</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">Year 2027</td><td> </td> <td style="text-align: center"><span id="xdx_905_ecustom--NumberOfVehicles_c20250101__20251231__ifrs-full--MaturityAxis__custom--LaterThanOneNotLaterThanTwoYearMember_z6o98CUtqOW2" title="Number of vehicles">14</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--LeaseLiabilities_iI_uUSD_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherPayablesLongTermMember__ifrs-full--MaturityAxis__custom--LaterThanOneNotLaterThanTwoYearMember_zcGIKRBNOKb8" style="text-align: right" title="Year 2027">124,099</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">Year 2028</td><td> </td> <td style="text-align: center"><span id="xdx_900_ecustom--NumberOfVehicles_c20250101__20251231__ifrs-full--MaturityAxis__custom--LaterThanTwoNotLaterThanThreeYearMember_zh9uAb3C9zb" title="Number of vehicles">8</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--LeaseLiabilities_iI_uUSD_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherPayablesLongTermMember__ifrs-full--MaturityAxis__custom--LaterThanTwoNotLaterThanThreeYearMember_z2ST06f8wgGl" style="text-align: right" title="Year 2028">70,553</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center; padding-bottom: 1pt">Year 2029</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"><span id="xdx_909_ecustom--NumberOfVehicles_c20250101__20251231__ifrs-full--MaturityAxis__custom--LaterThanThreeNotLaterThanFourYearMember_zgkeME0doxJ9" title="Number of vehicles">5</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eifrs-full--LeaseLiabilities_iI_uUSD_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherPayablesLongTermMember__ifrs-full--MaturityAxis__custom--LaterThanThreeNotLaterThanFourYearMember_zX3Dy6d8t9mf" style="border-bottom: Black 1pt solid; text-align: right" title="Year 2029">35,380</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--LeaseLiabilities_iI_uUSD_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherPayablesLongTermMember_z2n2LkQR1ETf" style="text-align: right" title="Lease liabilities">384,072</td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8A3_zAe8I2LHO8D7" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> 357577 315959 62435 53200 0.51 9000000 1000000 9000000 1125000 958589 4500000 222130 229359 twelve months 0.08 105128 92895 <p id="xdx_890_ecustom--DisclosureOfMaturityAnalysisOfOperatingLeasePaymentExplanatory_zzmP6Mr2bRT2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following is a summary of future lease payments required under the lease agreements:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B9_zGJ090sJfol5">Schedule of Future Lease Payments</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Number of vehicles</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total $</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 45%; text-align: center">Year 2026</td><td style="width: 2%"> </td> <td style="width: 33%; text-align: center"><span id="xdx_906_ecustom--NumberOfVehicles_c20250101__20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zpjqFRniB877" title="Number of vehicles">16</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eifrs-full--LeaseLiabilities_iI_uUSD_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherPayablesLongTermMember__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zcffPx9OD379" style="width: 16%; text-align: right" title="Year 2026">154,040</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">Year 2027</td><td> </td> <td style="text-align: center"><span id="xdx_905_ecustom--NumberOfVehicles_c20250101__20251231__ifrs-full--MaturityAxis__custom--LaterThanOneNotLaterThanTwoYearMember_z6o98CUtqOW2" title="Number of vehicles">14</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--LeaseLiabilities_iI_uUSD_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherPayablesLongTermMember__ifrs-full--MaturityAxis__custom--LaterThanOneNotLaterThanTwoYearMember_zcGIKRBNOKb8" style="text-align: right" title="Year 2027">124,099</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">Year 2028</td><td> </td> <td style="text-align: center"><span id="xdx_900_ecustom--NumberOfVehicles_c20250101__20251231__ifrs-full--MaturityAxis__custom--LaterThanTwoNotLaterThanThreeYearMember_zh9uAb3C9zb" title="Number of vehicles">8</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--LeaseLiabilities_iI_uUSD_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherPayablesLongTermMember__ifrs-full--MaturityAxis__custom--LaterThanTwoNotLaterThanThreeYearMember_z2ST06f8wgGl" style="text-align: right" title="Year 2028">70,553</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center; padding-bottom: 1pt">Year 2029</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center; padding-bottom: 1pt"><span id="xdx_909_ecustom--NumberOfVehicles_c20250101__20251231__ifrs-full--MaturityAxis__custom--LaterThanThreeNotLaterThanFourYearMember_zgkeME0doxJ9" title="Number of vehicles">5</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eifrs-full--LeaseLiabilities_iI_uUSD_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherPayablesLongTermMember__ifrs-full--MaturityAxis__custom--LaterThanThreeNotLaterThanFourYearMember_zX3Dy6d8t9mf" style="border-bottom: Black 1pt solid; text-align: right" title="Year 2029">35,380</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--LeaseLiabilities_iI_uUSD_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--OtherPayablesLongTermMember_z2n2LkQR1ETf" style="text-align: right" title="Lease liabilities">384,072</td><td style="text-align: left"> </td></tr> </table> 16 154040000 14 124099000 8 70553000 5 35380000 384072000 <p id="xdx_80C_eifrs-full--DisclosureOfTradeAndOtherPayablesExplanatory_z0swY7XRARii" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>23.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82F_zHQ651JhQPa3">Trade and other payables</span></b></span></td></tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <p id="xdx_897_ecustom--DisclosureOfTradeAndOtherPayableExplanatory_zEKNKNZNMtcg" style="display: none; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B6_zi07za5vFkgb">Schedule of trade and other payables </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20251231_z4CEE7TFGfh2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20241231_z7Jm92WCfK26" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td></tr> <tr id="xdx_40D_eifrs-full--TradeAndOtherPayablesToTradeSuppliers_iI_pn3n3_maTAOPzmnH_zNLTW0p7mJO8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Trade payables</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right">1,375</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">3,701</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--AmountsOwedToRelatedParties_iI_pn3n3_maTAOPzmnH_zoJkXrG1mova" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amounts owed to related parties</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3293">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,086</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_maTAOPzmnH_zSgtZfYtSuwf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Lease liability – current</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">158</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">117</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--PayrollTaxes_iI_pn3n3_maTAOPzmnH_zCUSiluPxoa6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Payroll taxes</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">258</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">132</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--OtherPayables_iI_pn3n3_maTAOPzmnH_zwC2y6lLk3e1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Other payables</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">7,038</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,143</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--TradeAndOtherPayables_iTI_pn3n3_mtTAOPzmnH_z59p3bV94oRl" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade and other payable</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">8,829</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">10,180</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AF_zXeY375BX7P7" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_897_ecustom--DisclosureOfTradeAndOtherPayableExplanatory_zEKNKNZNMtcg" style="display: none; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B6_zi07za5vFkgb">Schedule of trade and other payables </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20251231_z4CEE7TFGfh2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20241231_z7Jm92WCfK26" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">€’000</td><td style="font-weight: bold"> </td></tr> <tr id="xdx_40D_eifrs-full--TradeAndOtherPayablesToTradeSuppliers_iI_pn3n3_maTAOPzmnH_zNLTW0p7mJO8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Trade payables</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right">1,375</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">3,701</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--AmountsOwedToRelatedParties_iI_pn3n3_maTAOPzmnH_zoJkXrG1mova" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amounts owed to related parties</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3293">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,086</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--CurrentLeaseLiabilities_iI_pn3n3_maTAOPzmnH_zSgtZfYtSuwf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Lease liability – current</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">158</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">117</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--PayrollTaxes_iI_pn3n3_maTAOPzmnH_zCUSiluPxoa6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Payroll taxes</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">258</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">132</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--OtherPayables_iI_pn3n3_maTAOPzmnH_zwC2y6lLk3e1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Other payables</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">7,038</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,143</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--TradeAndOtherPayables_iTI_pn3n3_mtTAOPzmnH_z59p3bV94oRl" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade and other payable</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">8,829</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">10,180</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 1375000 3701000 5086000 158000 117000 258000 132000 7038000 1143000 8829000 10180000 <p id="xdx_800_eifrs-full--DisclosureOfDerivativeFinancialInstrumentsExplanatory_zgebauqpuvYc" style="font: bold 10pt Times New Roman, Times, Serif; display: none; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>24.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_821_zmuqKzLTXE3d">Derivative Financial Instruments</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">The Group’s derivative financial liabilities consist of financial instruments arising from financing arrangements that include features which do not meet the “fixed-for-fixed” criterion under IFRS 9. These instruments are therefore classified as financial liabilities at fair value through profit or loss (“FVTPL”) and are remeasured at each reporting date, with changes in fair value recognised in profit or loss. Refer to Note 26 for the classification of these instruments within the fair value hierarchy and a description of the valuation techniques and inputs used.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">During the year ended 31 December 2025, the Group’s derivative financial instruments primarily comprised:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font: normal 10pt Times New Roman, Times, Serif">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif">embedded derivative features within convertible notes and similar financing arrangements, including variable conversion pricing, redemption features and other price-linked adjustments;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.2pt; text-align: justify; text-indent: -0.25in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font: normal 10pt Times New Roman, Times, Serif">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif">share purchase warrants issued in connection with financing transactions and service arrangements, as further described in the summary table below; and</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.2pt; text-align: justify; text-indent: -0.25in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font: normal 10pt Times New Roman, Times, Serif">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif">derivative features identified on consolidation of QIND, where certain instruments previously accounted for under US GAAP were reassessed under IFRS and separated from their host debt instruments.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.2pt; text-align: justify; text-indent: -0.25in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"><i>Macquarie Convertible Notes and Warrants</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">As part of a financing arrangement, the Group issued convertible promissory notes and share purchase warrants. The features underlying the convertible notes and related warrants were classified as derivative financial liabilities and recognised at fair value on initial recognition. These liabilities are subsequently remeasured at fair value at each reporting date, with movements recognised in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"><i>Reclassified Embedded Derivatives from QIND Convertible Notes</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">As part of the consolidation of QIND, certain convertible instruments previously accounted for as straight debt under US GAAP were reassessed under IFRS. These instruments were found to include embedded derivative features (including conversion pricing mechanisms, redemption options and other price-linked terms) which are not closely related to the host debt.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">Accordingly, these embedded derivatives were separated from the host instruments and recognised as derivative financial liabilities at fair value. The host debt component remains measured at amortised cost and is presented within loans and borrowings (see Note 25).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At 31 December 2025, all of these notes had passed their contractual maturity date. The previously recognised derivative financial liabilities and associated equity components were derecognised during the year, and the related host debt balances have been reinstated within loans and borrowings, reflecting the contractual amounts now due.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b><span style="font-weight: normal"><i> </i></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">The following table summarises the principal classes of warrants outstanding at 31 December 2025, grouped by nature of issuance and identifying for each class the contractual exercise price and expiry, the number of warrants outstanding and underlying ordinary shares, and whether the class is accounted for as an equity instrument or as a derivative financial liability. Further detail on the contractual terms of each class is set out in Item 10 of this Annual Report.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"> </p> <p id="xdx_89E_ecustom--DisclosureOfWarrantOutstandingExplanatory_zYXjSvQy1KW2" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span id="xdx_8BE_zrw8Zxk8lPYa">Schedule of Warrant Outstanding</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 97%; margin-left: 0.25in"> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="text-indent: 0pt; padding-left: 0pt"> </td><td> </td> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_486_ecustom--WarrantsExercisePrice_iI_pid_zWxEAKH648Mk" style="text-align: right"><span id="xdx_91D_ecustom--WarrantsExercisePrice_z0YlgQhUbPa3">Strike Price</span> </td><td style="text-align: left"> </td><td> </td> <td id="xdx_480_ecustom--DescriptionOfExpiryDateOfWarrant_iI_z80S2RwKmcj7" style="text-indent: 0pt; padding-left: 0pt"><span id="xdx_911_ecustom--DescriptionOfExpiryDateOfWarrant_zGSYSpgsaQK6">Expiry</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_48A_ecustom--NumberOfWarrantOutstanding_iI_pid_z0eshVGWwQuj" style="text-align: right"><span id="xdx_91F_ecustom--NumberOfWarrantOutstanding_zjTnCksByeal">Warrants outstanding</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_484_ecustom--NumberOfOrdinarySharesOutstanding_iI_pid_zOsmyAkfBwWf" style="text-align: right"><span id="xdx_912_ecustom--NumberOfOrdinarySharesOutstanding_zBA6WC7rI1ed">Implied Ordinary shares</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">Reference</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Description</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Strike (USD)</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Expiry</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Warrants outstanding</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Implied Ord. Shares</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Classification</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td colspan="19" style="font-weight: bold; font-style: italic; text-align: left; text-indent: 0pt; padding-left: 0pt">Service-based warrants</td><td style="font-size: 12pt; text-align: right"> </td><td style="font-size: 12pt; text-align: left"> </td></tr> <tr id="xdx_412_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--HPAdvisoryWarrantMember_zn5AeI4aZoIa" style="vertical-align: bottom; background-color: White"> <td style="width: 9%; text-indent: 0pt; padding-left: 0pt">(a)</td><td style="width: 2%"> </td> <td style="width: 20%; text-align: left; text-indent: 0pt; padding-left: 0pt">HP Advisory Warrant</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1.65</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 15%; text-indent: 0pt; padding-left: 0pt">4 Jul 2029</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">13,906</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">398</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><span style="font-size: 10pt">Equity</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_415_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--BPLLCWarrantMember_zF8pRVZCmPZg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">(b)</td><td> </td> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">BPLLC Warrant</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3.33</td><td style="text-align: left"> </td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">31 Dec 2030</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">71,429</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">71,429</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">Equity</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td colspan="19" style="font-weight: bold; font-style: italic; text-indent: 0pt; padding-left: 0pt">Replacement July 2025 Warrants</td><td style="font-size: 12pt; text-align: right"> </td><td style="font-size: 12pt; text-align: left"> </td></tr> <tr id="xdx_414_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--JanuaryTwoThousandTwentyFiveTrancheWarrantMember_zg2tgLFkPERj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">(c)</td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">January 2025 tranche</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4.28</td><td style="text-align: left"> </td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">10 Jan 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">130,978</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">130,978</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">Liability</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_41F_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--MarchTwoThousandTwentyFiveTrancheWarrantMember_zXjHcE1PELZh" style="vertical-align: bottom; background-color: White"> <td style="text-indent: 0pt; padding-left: 0pt">(d)</td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">March 2025 tranche</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4.28</td><td style="text-align: left"> </td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">3 Mar 2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">163,680</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">163,680</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">Liability</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td colspan="19" style="font-weight: bold; font-style: italic; text-indent: 0pt; padding-left: 0pt">December 2025 PIPE Warrants</td><td style="font-size: 12pt; text-align: right"> </td><td style="font-size: 12pt; text-align: left"> </td></tr> <tr id="xdx_416_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--PreFundedWarrantMember_zTdKMhBBtQc" style="vertical-align: bottom; background-color: White"> <td style="text-indent: 0pt; padding-left: 0pt">(e)</td><td style="font-size: 9pt"> </td> <td style="font-size: 9pt; text-align: left; text-indent: 0pt; padding-left: 0pt">Pre-funded warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.0035</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">No expiry</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">381,267</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">381,267</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">Liability</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_413_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--ExercisePriceOneWarrantMember_z8dkx6xy2Qne" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">(f)</td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">$3.50 Warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3.50</td><td style="text-align: left"> </td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">25 Jul 2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,393,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,393,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">Liability</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_41C_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--ExercisePriceTwoWarrantMember_zwzvOCKp2FOl" style="vertical-align: bottom; background-color: White"> <td style="text-indent: 0pt; padding-left: 0pt">(g)</td><td style="font-size: 9pt"> </td> <td style="font-size: 9pt; text-indent: 0pt; padding-left: 0pt">$5.00 Warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5.00</td><td style="text-align: left"> </td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">25 Jul 2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">811,165</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">811,165</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">Liability</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td colspan="19" style="font-weight: bold; font-style: italic; text-align: left; text-indent: 0pt; padding-left: 0pt">Other pre-funded warrants</td><td style="font-size: 12pt; text-align: right"> </td><td style="font-size: 12pt; text-align: left"> </td></tr> <tr id="xdx_41F_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--OtherPreFundedWarrantMember_zO7pC5wPRxnb" style="vertical-align: bottom; background-color: White"> <td style="text-indent: 0pt; padding-left: 0pt">(h)</td><td> </td> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Other pre-funded warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">No expiry</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,943</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,943</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">Liability</span></td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8AD_zzdZGNxUXna9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The number of underlying ordinary shares for the HP Advisory Warrant (a) reflects the contractual conversion ratio applicable to that instrument and the effects of the reverse share split effected during the year.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The service-based warrants at (a) and (b) are classified as equity instruments and are recognised within the share-based payment reserve. The remaining warrants (c) to (h) are classified as derivative financial liabilities and are measured at fair value through profit or loss; the fair value of these instruments at 31 December 2025 is included within the €<span id="xdx_906_eifrs-full--DerivativeFinancialLiabilities_iI_pn5n6_uEUR_c20251231_zyz5rD4a8ea6" title="Derivative financial liabilities">0.2</span> million derivative financial liability balance disclosed in the reconciliation below.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Modifications and exchanges of warrants during 2025</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">During the year ended 31 December 2025, the Group entered into two material transactions in which existing liability-classified warrants were cancelled and exchanged for new warrants. In each case, management assessed the substance of the transaction and concluded that the modified terms were substantially different from the original terms. Accordingly, both transactions were accounted for as the extinguishment of the original warrants and the recognition of the replacement instruments at fair value on the relevant exchange date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>Replacement July 2025 Warrants — exchange of January 2025 and March 2025 Warrants</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">In connection with the redemption agreements entered into on or around 22 July 2025, the holders of the January 2025 Warrants and the March 2025 Warrants surrendered their warrants for cancellation in exchange for new warrants (the “Replacement July 2025 Warrants”) exercisable into <span id="xdx_90E_eifrs-full--NumberOfSharesIssued_iI_c20250722__ifrs-full--ClassesOfShareCapitalAxis__custom--ClassAOrdinarySharesMember_zYMECi9yhZFd" title="Number of shares issued">294,658</span> Class A Ordinary Shares in aggregate, with revised exercise prices, the removal of full-ratchet anti-dilution rights, and other amended terms set out in Item 10. The original January 2025 and March 2025 Warrants were derecognised at their respective carrying amounts on the exchange date, and the Replacement July 2025 Warrants were recognised at fair value. The resulting gain or loss is recognised in profit or loss within fair value movement on derivative financial instruments and is reflected within the (Decrease) / increase due to derecognition during period and Fair value on initial recognition of derivative liabilities lines of the reconciliation below.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>December 2025 Warrant Exchange Agreement — exchange of July 2025 PIPE Warrants</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">On 5 December 2025, the Group entered into a Warrants Cancellation and Exchange Agreement with the July 2025 PIPE investors, pursuant to which the July 2025 Pre-Funded Warrants, July 2025 Market Price Warrants and July 2025 $<span id="xdx_901_ecustom--WarrantsExercisePrice_iI_pid_c20251205_z4yKdRfXAwMe" title="Warrant exercise price">9.852</span> Warrants were surrendered for cancellation and exchanged for new warrants (the “December 2025 Warrants”) consisting of<span id="xdx_907_ecustom--DescriptionOfWarrantCancellationAndExchange_c20251205__20251205_zUYxNwh0XBba" title="Description of warrant cancellation and exchange"> (i) pre-funded warrants exercisable into 475,267 Class A Ordinary Shares at $0.0035 per share, (ii) warrants exercisable into 1,622,330 Class A Ordinary Shares at $3.50 per share, and (iii) warrants exercisable into 811,165 Class A Ordinary Shares at $5.00 per share.</span> The exchange resulted in a substantial reduction in the exercise prices of the market price warrants, the removal of certain failure-to-deliver and other contractual rights, and the exclusion of cashless exercise features.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The original July 2025 Warrants were derecognised at their carrying amounts on 5 December 2025, and the December 2025 Warrants were recognised at their fair value on that date. The fair value movement recognised in profit or loss in respect of this exchange is reflected within the same lines of the reconciliation below as described above. A portion of the December 2025 Warrants was subsequently exercised prior to year-end, with proceeds reclassified to share capital and share premium (refer to Note 22).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Both the January 2025 / March 2025 Warrants and the July 2025 PIPE Warrants remained classified as derivative financial liabilities up to their respective extinguishment dates, and the Replacement July 2025 Warrants and December 2025 Warrants are similarly classified as derivative financial liabilities, on the basis that each instrument continues to fail the fixed-for-fixed criterion under IAS 32 (principally because the exercise prices are denominated in U.S. dollars while the functional currency of the issuing entity is the Euro).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair values of liability-classified warrants outstanding during the year and at 31 December 2025 were determined using the Black-Scholes option pricing model. The principal inputs to the model are the Group’s share price at the measurement date, expected share price volatility (estimated by reference to the Group’s historical volatility over a period commensurate with the expected term of the instrument), the risk-free interest rate (derived from U.S. Treasury yields with maturities corresponding to the expected term), the expected term and the expected dividend yield. The expected dividend yield is nil, reflecting the Group’s policy of not declaring dividends. For pre-funded warrants, which have no contractual expiry, an expected term assumption is applied based on management’s best estimate of the period over which exercise is expected. Changes in these inputs, in particular the share price and expected volatility, may have a material effect on the fair value of liability-classified warrants and on the related fair value movement recognised in profit or loss. These instruments are classified as Level 2 in the fair value hierarchy under IFRS 13 .</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_892_ecustom--DisclosureOfDerivativeLiabilitiesExplanatory_zRU24KOUZ8c4" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B8_zfnPcW5hrJSj"> Schedule of Derivative Liabilities</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">€’000</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__ifrs-full--ConvertibleInstrumentsMember_zRk5D1HnnM55" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Convertible Notes</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PrivateWarrantsMember_zHDbtjyHwND8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Private Warrants</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_zh5EV6Ma9fd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Public warrants</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20250101__20251231_zUvFKRP0xII8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total Derivative Liabilities</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_404_eifrs-full--DerivativeFinancialLiabilities_iS_pn3n3_zYEksgww0Bde" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; font-weight: bold">Balance – December 31, 2024 (reclassified)</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 10%; font-weight: bold; text-align: right">679</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 10%; font-weight: bold; text-align: right">14</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 10%; font-weight: bold; text-align: right">177</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 10%; font-weight: bold; text-align: right">870</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_400_ecustom--FairValueOnInitialRecognitionOfWarrantsUnexercised_pn3n3_zsK8jc6qWRA5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Fair value movement on warrants unexercised (including exchange differences)*</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3363">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3364">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3365">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3366">-</span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--FairValueOnInitialRecognitionOfDerivativeLiabilities_pn3n3_zY7GvX8HZ2E5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Fair value on initial recognition of derivative liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,932</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,527</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3370">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">16,460</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_406_ecustom--DecreaseIncreaseDueToConversionsDuringPeriod_pn3n3_zJeBHeFH5R85" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">(Decrease) / increase due to conversions during period</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,403</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,642</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3375">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(4,045</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_40A_ecustom--DecreaseIncreaseDueToDerecognitionDuringPeriod_pn3n3_zUJswLzIC3gg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">(Decrease) / increase due to derecognition during period</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(426</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6,063</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(15</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(6,504</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_405_ecustom--GainLossDueToFairValueMovements_pn3n3_z079gDmfDzti" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">(Gain) / loss due to fair value movements during period</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,563</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,837</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(161</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(6,562</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_400_ecustom--GainLossDueToFairValueMovementsRemeasurement_pn3n3_zgNV3wTFPzr8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">(Gain) / loss due to fair value movements at remeasurement</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(36</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3389">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3390">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(36</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_400_ecustom--ReclassificationOfConvertibleNotesOnConsolidation_pn3n3_zBa19mYQX8la" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Reclassification of convertible notes on consolidation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3393">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3396">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--DerivativeFinancialLiabilities_iE_pn3n3_zguNWbs1wEz2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Balance – December 31, 2025</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">181</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3399">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">0</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">181</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A1_zWJy9dbmQhw8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The above movement table constitutes the reconciliation of opening to closing balances of derivative financial liabilities required under IFRS 7. See Note 26 for the fair value hierarchy classification of the year-end balance.</span></p> <p id="xdx_89E_ecustom--DisclosureOfWarrantOutstandingExplanatory_zYXjSvQy1KW2" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span id="xdx_8BE_zrw8Zxk8lPYa">Schedule of Warrant Outstanding</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 97%; margin-left: 0.25in"> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="text-indent: 0pt; padding-left: 0pt"> </td><td> </td> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_486_ecustom--WarrantsExercisePrice_iI_pid_zWxEAKH648Mk" style="text-align: right"><span id="xdx_91D_ecustom--WarrantsExercisePrice_z0YlgQhUbPa3">Strike Price</span> </td><td style="text-align: left"> </td><td> </td> <td id="xdx_480_ecustom--DescriptionOfExpiryDateOfWarrant_iI_z80S2RwKmcj7" style="text-indent: 0pt; padding-left: 0pt"><span id="xdx_911_ecustom--DescriptionOfExpiryDateOfWarrant_zGSYSpgsaQK6">Expiry</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_48A_ecustom--NumberOfWarrantOutstanding_iI_pid_z0eshVGWwQuj" style="text-align: right"><span id="xdx_91F_ecustom--NumberOfWarrantOutstanding_zjTnCksByeal">Warrants outstanding</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_484_ecustom--NumberOfOrdinarySharesOutstanding_iI_pid_zOsmyAkfBwWf" style="text-align: right"><span id="xdx_912_ecustom--NumberOfOrdinarySharesOutstanding_zBA6WC7rI1ed">Implied Ordinary shares</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">Reference</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Description</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Strike (USD)</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Expiry</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Warrants outstanding</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Implied Ord. Shares</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Classification</td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td colspan="19" style="font-weight: bold; font-style: italic; text-align: left; text-indent: 0pt; padding-left: 0pt">Service-based warrants</td><td style="font-size: 12pt; text-align: right"> </td><td style="font-size: 12pt; text-align: left"> </td></tr> <tr id="xdx_412_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--HPAdvisoryWarrantMember_zn5AeI4aZoIa" style="vertical-align: bottom; background-color: White"> <td style="width: 9%; text-indent: 0pt; padding-left: 0pt">(a)</td><td style="width: 2%"> </td> <td style="width: 20%; text-align: left; text-indent: 0pt; padding-left: 0pt">HP Advisory Warrant</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1.65</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 15%; text-indent: 0pt; padding-left: 0pt">4 Jul 2029</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">13,906</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">398</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><span style="font-size: 10pt">Equity</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_415_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--BPLLCWarrantMember_zF8pRVZCmPZg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">(b)</td><td> </td> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">BPLLC Warrant</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3.33</td><td style="text-align: left"> </td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">31 Dec 2030</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">71,429</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">71,429</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">Equity</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td colspan="19" style="font-weight: bold; font-style: italic; text-indent: 0pt; padding-left: 0pt">Replacement July 2025 Warrants</td><td style="font-size: 12pt; text-align: right"> </td><td style="font-size: 12pt; text-align: left"> </td></tr> <tr id="xdx_414_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--JanuaryTwoThousandTwentyFiveTrancheWarrantMember_zg2tgLFkPERj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">(c)</td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">January 2025 tranche</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4.28</td><td style="text-align: left"> </td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">10 Jan 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">130,978</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">130,978</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">Liability</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_41F_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--MarchTwoThousandTwentyFiveTrancheWarrantMember_zXjHcE1PELZh" style="vertical-align: bottom; background-color: White"> <td style="text-indent: 0pt; padding-left: 0pt">(d)</td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">March 2025 tranche</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4.28</td><td style="text-align: left"> </td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">3 Mar 2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">163,680</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">163,680</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">Liability</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td colspan="19" style="font-weight: bold; font-style: italic; text-indent: 0pt; padding-left: 0pt">December 2025 PIPE Warrants</td><td style="font-size: 12pt; text-align: right"> </td><td style="font-size: 12pt; text-align: left"> </td></tr> <tr id="xdx_416_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--PreFundedWarrantMember_zTdKMhBBtQc" style="vertical-align: bottom; background-color: White"> <td style="text-indent: 0pt; padding-left: 0pt">(e)</td><td style="font-size: 9pt"> </td> <td style="font-size: 9pt; text-align: left; text-indent: 0pt; padding-left: 0pt">Pre-funded warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.0035</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">No expiry</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">381,267</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">381,267</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">Liability</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_413_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--ExercisePriceOneWarrantMember_z8dkx6xy2Qne" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">(f)</td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">$3.50 Warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3.50</td><td style="text-align: left"> </td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">25 Jul 2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,393,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,393,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">Liability</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_41C_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--ExercisePriceTwoWarrantMember_zwzvOCKp2FOl" style="vertical-align: bottom; background-color: White"> <td style="text-indent: 0pt; padding-left: 0pt">(g)</td><td style="font-size: 9pt"> </td> <td style="font-size: 9pt; text-indent: 0pt; padding-left: 0pt">$5.00 Warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5.00</td><td style="text-align: left"> </td><td> </td> <td style="text-indent: 0pt; padding-left: 0pt">25 Jul 2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">811,165</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">811,165</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">Liability</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td colspan="19" style="font-weight: bold; font-style: italic; text-align: left; text-indent: 0pt; padding-left: 0pt">Other pre-funded warrants</td><td style="font-size: 12pt; text-align: right"> </td><td style="font-size: 12pt; text-align: left"> </td></tr> <tr id="xdx_41F_20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--OtherPreFundedWarrantMember_zO7pC5wPRxnb" style="vertical-align: bottom; background-color: White"> <td style="text-indent: 0pt; padding-left: 0pt">(h)</td><td> </td> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Other pre-funded warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">No expiry</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,943</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,943</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">Liability</span></td><td style="text-align: left"> </td></tr> </table> 1.65 4 Jul 2029 13906 398 3.33 31 Dec 2030 71429 71429 4.28 10 Jan 2027 130978 130978 4.28 3 Mar 2028 163680 163680 0.0035 No expiry 381267 381267 3.50 25 Jul 2028 1393500 1393500 5.00 25 Jul 2028 811165 811165 0.00 No expiry 47943 47943 200000 294658 9.852 (i) pre-funded warrants exercisable into 475,267 Class A Ordinary Shares at $0.0035 per share, (ii) warrants exercisable into 1,622,330 Class A Ordinary Shares at $3.50 per share, and (iii) warrants exercisable into 811,165 Class A Ordinary Shares at $5.00 per share. <p id="xdx_892_ecustom--DisclosureOfDerivativeLiabilitiesExplanatory_zRU24KOUZ8c4" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B8_zfnPcW5hrJSj"> Schedule of Derivative Liabilities</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">€’000</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__ifrs-full--ConvertibleInstrumentsMember_zRk5D1HnnM55" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Convertible Notes</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PrivateWarrantsMember_zHDbtjyHwND8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Private Warrants</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_zh5EV6Ma9fd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Public warrants</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20250101__20251231_zUvFKRP0xII8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">Total Derivative Liabilities</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_404_eifrs-full--DerivativeFinancialLiabilities_iS_pn3n3_zYEksgww0Bde" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%; font-weight: bold">Balance – December 31, 2024 (reclassified)</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 10%; font-weight: bold; text-align: right">679</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 10%; font-weight: bold; text-align: right">14</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 10%; font-weight: bold; text-align: right">177</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 10%; font-weight: bold; text-align: right">870</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_400_ecustom--FairValueOnInitialRecognitionOfWarrantsUnexercised_pn3n3_zsK8jc6qWRA5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Fair value movement on warrants unexercised (including exchange differences)*</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3363">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3364">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3365">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3366">-</span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--FairValueOnInitialRecognitionOfDerivativeLiabilities_pn3n3_zY7GvX8HZ2E5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Fair value on initial recognition of derivative liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,932</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,527</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3370">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">16,460</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_406_ecustom--DecreaseIncreaseDueToConversionsDuringPeriod_pn3n3_zJeBHeFH5R85" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">(Decrease) / increase due to conversions during period</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,403</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,642</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3375">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(4,045</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_40A_ecustom--DecreaseIncreaseDueToDerecognitionDuringPeriod_pn3n3_zUJswLzIC3gg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">(Decrease) / increase due to derecognition during period</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(426</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6,063</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(15</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(6,504</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_405_ecustom--GainLossDueToFairValueMovements_pn3n3_z079gDmfDzti" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">(Gain) / loss due to fair value movements during period</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,563</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,837</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(161</td><td style="text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(6,562</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_400_ecustom--GainLossDueToFairValueMovementsRemeasurement_pn3n3_zgNV3wTFPzr8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">(Gain) / loss due to fair value movements at remeasurement</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(36</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3389">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3390">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(36</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr id="xdx_400_ecustom--ReclassificationOfConvertibleNotesOnConsolidation_pn3n3_zBa19mYQX8la" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Reclassification of convertible notes on consolidation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3393">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3396">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--DerivativeFinancialLiabilities_iE_pn3n3_zguNWbs1wEz2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Balance – December 31, 2025</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">181</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3399">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">0</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">181</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> 679000 14000 177000 870000 3932000 12527000 16460000 -2403000 -1642000 -4045000 -426000 -6063000 -15000 -6504000 -1563000 -4837000 -161000 -6562000 -36000 -36000 181000 0 181000 <p id="xdx_804_eifrs-full--DisclosureOfBorrowingsExplanatory_zF5Ek82S9Ysi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>25.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_820_zta2a85A5dr5">Loans &amp; borrowings</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">The balance of €<span id="xdx_90B_eifrs-full--ShorttermBorrowings_iI_pn5n6_c20251231_zTwwMBISgXQe" title="Loans and borrowings">1.8</span> million reported under Loans and Borrowings in the consolidated statement of financial position reflects the carrying amount of convertible promissory notes originally issued by QIND. On a standalone basis, these instruments were recorded in their entirety as liabilities under U.S. GAAP.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">For the purpose of Group consolidation under IFRS, these instruments have been reassessed and reclassified where relevant. Where applicable, the Group has disaggregated the instruments into their respective components, recognising:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font: normal 10pt Times New Roman, Times, Serif">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif">a debt host liability measured at amortised cost,</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.1pt; text-align: justify; text-indent: -17.85pt"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font: normal 10pt Times New Roman, Times, Serif">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif">a derivative financial liability (e.g. conversion features or embedded options) measured at fair value through profit or loss, and/or</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.1pt; text-align: justify; text-indent: -17.85pt"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font: normal 10pt Times New Roman, Times, Serif">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif">an equity component, specifically, convertible note reserve</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.1pt; text-align: justify; text-indent: -17.85pt"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">Following this reassessment, an amount of approximately €<span id="xdx_902_eifrs-full--FinancialLiabilitiesAtFairValueThroughProfitOrLoss_iI_pn5n6_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialLiabilitiesMember_zHzY18OvMkVi" title="Reclassification from loan and borrowings derivatives">0.2</span> million was reclassified from Loans and Borrowings to derivative financial liabilities at 31 December 2025 (2024: €<span id="xdx_904_eifrs-full--FinancialLiabilitiesAtFairValueThroughProfitOrLoss_iI_pn3n3_c20241231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--DerivativeFinancialLiabilitiesMember_z0fiJ664Cosb" title="Reclassification from loan and borrowings derivatives">426</span>K ) in respect of embedded conversion features that did not meet the “fixed-for-fixed” criterion under IAS 32. The corresponding movements are disclosed in Note 23.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif">In certain cases, the maturity dates of the convertible instruments had already passed as of the reporting date, and the instruments are no longer considered convertible in substance. These notes have therefore been treated as straight debt on the consolidated financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at 31 December 2025, the convertible promissory notes issued by QIND had matured and remained unpaid. Failure to repay at maturity constitutes an event of default under the terms of the notes. No waivers or forbearance arrangements had been obtained as at the reporting date, and accordingly the full carrying amount of €<span id="xdx_905_eifrs-full--ShorttermBorrowings_iI_pn3n3_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--ConvertibleNotesMember_zfULuaLexZD8" title="Convertible promissory notes">1,757</span>k is classified as current. Further details of the default, the consequences under the note terms, and the Group’s plans in respect of these obligations are set out in the Going Concern note. On 10 July 2026, QIND entered into a forbearance agreement in respect of two of these notes (refer to Note 30).</span></p> 1800000 200000 426000 1757000 <p id="xdx_807_ecustom--DisclosureOfShareholdersEquityTextBlock_zw1UjkMUfLai" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>26.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_820_z0hIdGG90Ni8">Shareholders’ equity</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2025, the total number of Class A ordinary shares of the Company outstanding was <span id="xdx_906_eifrs-full--NumberOfSharesOutstanding_iI_pid_c20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zpoKRtfvf9H8" title="Number of shares outstanding">2,288,291</span> (2024: <span id="xdx_909_eifrs-full--NumberOfSharesOutstanding_iI_pid_c20241231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zowai1wdnmG1" title="Number of shares outstanding">654,953</span>) with a par value of $<span id="xdx_900_eifrs-full--ParValuePerShare_iI_pid_c20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zAcRJcHd7O37" title="Par value per share"><span id="xdx_909_eifrs-full--ParValuePerShare_iI_pid_c20241231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_z4JHzrJkBvD9" title="Par value per share">0.0035</span></span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year, as part of the ATM, Parent sold <span id="xdx_90B_ecustom--NumberOfSharesSold_pid_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_z7zD9VLNRxWk" title="Number of shares sold">347,283</span> (2024: <span id="xdx_90A_ecustom--NumberOfSharesSold_pid_c20240101__20241231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zdVdxnwVIVg2" title="Number of shares sold">2,345,452</span> ) class A ordinary shares for net proceeds of $<span id="xdx_90F_eifrs-full--ProceedsFromIssuingShares_uUSD_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zdSclkIXofXe" title="Proceeds from issuing shares">2,708,022</span> (€<span id="xdx_906_eifrs-full--ProceedsFromIssuingShares_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zFkCvEF25BMl" title="Proceeds from issuing shares">2,314,464</span>).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year a number of employees exercised their RSUs. In connection with this exercise, Fusion Fuel instructed their broker to issue <span id="xdx_901_ecustom--NumberOfSharesIssuedToBroker_pid_c20250101__20251231_zH3Bw25h6SU5" title="Number of shares issued to broker">107,500</span> shares and transfer the relevant amounts to the various employees accounts.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other issuances of Class A ordinary shares during the year comprised the following:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Commitment shares: <span id="xdx_908_ecustom--NumberofSharesIssuedForCommitmentShares_pid_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zkJyCig53dv3" title="Commitment shares (in Shares)">13,890</span> shares issued (€<span id="xdx_908_eifrs-full--IssueOfEquity_pn3n3_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zcbgr8xsp3R3" title="Commitment Shares">306</span>k) in connection with financing arrangements entered into during the year.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Macquarie note conversions: <span id="xdx_906_ecustom--NumberofShareIssuedConvertibleNoteinShares_pid_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zYFTRTCLkfX5" title="Macquarie convertible note (in Shares)">98,046</span> shares issued (€<span id="xdx_905_eifrs-full--IncreaseDecreaseThroughConversionOfConvertibleInstruments_pn3n3_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zEiMuu1AZcB5" title="Macquarie conversions">574</span>k) on conversion of the Macquarie convertible promissory notes. The notes were fully converted during the year (refer to Note 24 - Derivative Financial Instruments).</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reverse split rounding: <span id="xdx_90B_ecustom--NumberofSharesIssuedForReverseSplitRounding_pid_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zehQVe8xuwe7" title="Reverse split rounding (in Shares)">63,333</span> shares issued (€<span id="xdx_906_ecustom--IncreaseDecreaseThroughReverseSplitRounding_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zpZPSJ9nArrl" title="Reverse split rounding">222</span>) arising from the rounding adjustment following the reverse share split effected during the year.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Keystone note conversion: <span id="xdx_90B_ecustom--NumberofSharesIssuedForKeystoneNoteConversion_pid_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_z4rtIMEdvFVk" title="Keystone note conversion (in Shares)">492,715</span> shares issued (€<span id="xdx_904_ecustom--IncreaseDecreaseThroughKeystoneNoteConversion_pn3n3_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zKZpSzu4VXWh" title="Keystone note conversion">1,939</span>k) on conversion of the Keystone convertible note.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">July PIPE issuance and exercise: <span id="xdx_906_ecustom--NumberofSharesIssuedForExerciseOfOptions_pid_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_z1FXgIhj8zs7" title="July PIPE issuance &amp; exercise (in Shares)">335,898</span> shares issued (€<span id="xdx_905_eifrs-full--IncreaseDecreaseThroughExerciseOfOptions_pn3n3_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zhBcdW9zBJ36" title="July PIPE issuance &amp; exercise">268</span>k) under the July 2025 PIPE financing and associated warrant exercises.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">December PIPE reprice and exercise: <span id="xdx_901_ecustom--NumberOfSharesIssuedForExerciseOfWarrant_pid_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zyUZZEptsvOg" title="December PIPE reprice &amp; exercise (in Shares)">274,887</span> shares issued (€<span id="xdx_909_eifrs-full--IncreaseDecreaseThroughExerciseOfWarrantsEquity_pn3n3_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zuQCcY1ESWpc" title="December PIPE reprice &amp; exercise">620</span>k) in connection with the repricing and exercise of warrants under the December 2025 PIPE financing.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Service warrants: <span id="xdx_906_ecustom--NumberofSharesIssuedForServiceWarrants_pid_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_znT2LEJuyso8" title="Service warrants (in Shares)">7,286</span> shares issued (€<span id="xdx_902_ecustom--IncreaseDecreaseThroughServiceWarrants_pn3n3_c20250101__20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zxD9b9QYqnuf" title="Service warrants">172</span>k) on exercise of warrants granted for services.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 58.4pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The <span id="xdx_90A_eifrs-full--NumberOfSharesOutstanding_iI_c20251231__ifrs-full--ComponentsOfEquityAxis__custom--PreferenceSharesSeriesBMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDAcquisitionMember_zpK6ocIbxb6k" title="Share outstanding">4,171,327</span> Series B Preferred Shares issued in November 2024 in connection with the QIND acquisition remained outstanding at 31 December 2025. These <span id="xdx_90B_ecustom--ConversionOfShareRatioDescription_c20250101__20251231_zjTaZXNmOdy7" title="Conversion of share ratio description">shares are convertible into Class A ordinary shares at a ratio of 1:10 subject to satisfaction of closing conditions</span>. The share capital of Fusion Fuel Green plc is as follows:</span></p> <p id="xdx_894_eifrs-full--DisclosureOfClassesOfShareCapitalExplanatory_zukK9YqBHa8d" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B4_zUY7N0HV4YG1" style="display: none">Schedule of share capital</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Number of</p> <p style="margin-top: 0; margin-bottom: 0">common shares</p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Number of</p> <p style="margin-top: 0; margin-bottom: 0">preferred shares</p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">Opening balance – January 1, 2024 (restated)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfSharesIssued_iS_pid_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zif9f2n3lzg1" style="width: 10%; text-align: right" title="Number of shares, beginning">426,257</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_ecustom--ValueOfShares_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zDOdNnCu9iY5" style="width: 10%; text-align: right" title="Number of shares value, beginning">3</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfSharesIssued_iS_pid_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zONkoB4gmeCk" style="width: 10%; text-align: right" title="Number of shares, beginning"><span style="-sec-ix-hidden: xdx2ixbrl3471">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_ecustom--ValueOfShares_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z9aNfVcABIw5" style="width: 10%; text-align: right" title="Number of shares value, beginning"><span style="-sec-ix-hidden: xdx2ixbrl3473">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Issue of shares</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ShareIssuedDuringPeriod_pid_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zv7xPWzAqiYk" style="border-bottom: Black 1pt solid; text-align: right" title="Issue of shares">228,696</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_ecustom--ShareIssuedDuringPeriodValue_pn3n3_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zljTBcAZAyJi" style="border-bottom: Black 1pt solid; text-align: right" title="Issue of shares, value"><span style="-sec-ix-hidden: xdx2ixbrl3477">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--ShareIssuedDuringPeriod_pid_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z97wEvTnoQUg" style="border-bottom: Black 1pt solid; text-align: right" title="Issue of shares"><span style="-sec-ix-hidden: xdx2ixbrl3479">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ShareIssuedDuringPeriodValue_pn3n3_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zkQImsf9H5Pe" style="border-bottom: Black 1pt solid; text-align: right" title="Issue of shares, value"><span style="-sec-ix-hidden: xdx2ixbrl3481">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Closing balance – December 31, 2024 restated</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfSharesIssued_iS_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zq2moCp2pSz2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of shares, beginning">654,953</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_ecustom--ValueOfShares_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zPne3fvTD9p6" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares value, beginning">3</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfSharesIssued_iS_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_ziJY2jrNR9h1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of shares, beginning"><span style="-sec-ix-hidden: xdx2ixbrl3487">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_ecustom--ValueOfShares_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z2KynrayMlBb" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares value, beginning"><span style="-sec-ix-hidden: xdx2ixbrl3489">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Issue of shares – ATM</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--ShareIssuedDuringPeriodAtTheMarket_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_z1p7WMnfUaOa" style="text-align: right" title="Issue of shares - ATM">347,283</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--ShareIssuedDuringPeriodValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_ztGmuSlGmWV3" style="text-align: right" title="Issue of shares - ATM value"><span style="-sec-ix-hidden: xdx2ixbrl3493">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ShareIssuedDuringPeriodAtTheMarket_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z0XjudvxpnCf" style="text-align: right" title="Issue of shares - ATM"><span style="-sec-ix-hidden: xdx2ixbrl3495">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--ShareIssuedDuringPeriodValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z7y9bFYGkFoe" style="text-align: right" title="Issue of shares - ATM value"><span style="-sec-ix-hidden: xdx2ixbrl3497">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Issue of shares – PIPE</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ShareIssuedDuringPeriodSharePipe_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zcEsDa9gdAUc" style="text-align: right" title="Issue of shares - PIPE">610,785</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--ShareIssuedDuringPeriodSharePipeValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zl5COUcVLu3c" style="text-align: right" title="Issue of shares - PIPE value"><span style="-sec-ix-hidden: xdx2ixbrl3501">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ShareIssuedDuringPeriodSharePipe_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zMcPSvqQKYu4" style="text-align: right" title="Issue of shares - PIPE"><span style="-sec-ix-hidden: xdx2ixbrl3503">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ShareIssuedDuringPeriodSharePipeValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zF1cm51jmuUk" style="text-align: right" title="Issue of shares - PIPE value"><span style="-sec-ix-hidden: xdx2ixbrl3505">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Issue of shares – Macquarie/Keystone</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ShareIssuedDuringPeriodShareMacquarieKeystone_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zCuNcfTXuLei" style="text-align: right" title="Issue of shares - Macquarie Keystone">590,761</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--ShareIssuedDuringPeriodShareMacquarieKeystoneValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zOQPnGE9Uo86" style="text-align: right" title="Issue of shares - Macquarie Keystone value"><span style="-sec-ix-hidden: xdx2ixbrl3509">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--ShareIssuedDuringPeriodShareMacquarieKeystone_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z8p7V3CdAlX3" style="text-align: right" title="Issue of shares - Macquarie Keystone"><span style="-sec-ix-hidden: xdx2ixbrl3511">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ShareIssuedDuringPeriodShareMacquarieKeystoneValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zUlP4ePfyoKj" style="text-align: right" title="Issue of shares - Macquarie Keystone value"><span style="-sec-ix-hidden: xdx2ixbrl3513">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Issue of shares – commitment/service</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--ShareIssuedDuringPeriodShareCommitmentService_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zHfgvziW09Yi" style="text-align: right" title="Issue of shares - commitment service">21,176</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ShareIssuedDuringPeriodShareCommitmentServiceValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_z7RBUK2Gw9w7" style="text-align: right" title="Issue of shares - commitment service value"><span style="-sec-ix-hidden: xdx2ixbrl3517">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--ShareIssuedDuringPeriodShareCommitmentService_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zUjobmmjzLd5" style="text-align: right" title="Issue of shares - commitment service">4,171,327</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--ShareIssuedDuringPeriodShareCommitmentServiceValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zALT81Pj6mAa" style="text-align: right" title="Issue of shares - commitment service value"><span style="-sec-ix-hidden: xdx2ixbrl3521">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Reverse split rounding</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--ShareIssuedDuringPeriodReverseSplitRounding_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zl02R2QRmax5" style="text-align: right" title="Reverse split rounding">63,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ShareIssuedDuringPeriodReverseSplitRoundingValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_ziPG7u0qxwz4" style="text-align: right" title="Reverse split rounding value"><span style="-sec-ix-hidden: xdx2ixbrl3525">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--ShareIssuedDuringPeriodReverseSplitRounding_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z8iUG2PV9pqh" style="text-align: right" title="Reverse split rounding"><span style="-sec-ix-hidden: xdx2ixbrl3527">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--ShareIssuedDuringPeriodReverseSplitRoundingValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zVwqRLJuZVof" style="text-align: right" title="Reverse split rounding value"><span style="-sec-ix-hidden: xdx2ixbrl3529">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">QIND stock conversion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ShareIssuedDuringPeriodStockConversion_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zNUyiLOpnEW8" style="border-bottom: Black 1pt solid; text-align: right" title="QIND stock conversion"><span style="-sec-ix-hidden: xdx2ixbrl3531">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--ShareIssuedDuringPeriodStockConversionValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zcS3LoTmRhrj" style="border-bottom: Black 1pt solid; text-align: right" title="QIND stock conversion value">(4</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_ecustom--ShareIssuedDuringPeriodStockConversion_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zFrUcaTHzi7g" style="border-bottom: Black 1pt solid; text-align: right" title="QIND stock conversion"><span style="-sec-ix-hidden: xdx2ixbrl3535">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--ShareIssuedDuringPeriodStockConversionValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zzzmzCCmcoJl" style="border-bottom: Black 1pt solid; text-align: right" title="QIND stock conversion value"><span style="-sec-ix-hidden: xdx2ixbrl3537">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Closing balance – December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfSharesIssued_iE_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zOom0PJ3ysW7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of shares value, ending">2,288,291</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--ValueOfShares_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zImaMCuGVeN7" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares value, ending">(1</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfSharesIssued_iE_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z54FaHkma5hf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of shares, ending">4,171,327</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--ValueOfShares_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zbsZ1q8gW5w6" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares value, ending"><span style="-sec-ix-hidden: xdx2ixbrl3545">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A4_zbCKFcCSnB48" style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Share rights</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Class A ordinary shareholders have the right to exercise one vote at any general meeting of the Company, to participate pro rata in all the dividends declared by the Company and the rights in the event of the Company’s winding up are to participate pro-rata in the total assets of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Series B Preferred Shares were issued as part of the acquisition of Quality Industrial Corp. As part of the consideration Parent issued a combination of Class A ordinary shares and <span id="xdx_900_eifrs-full--NumberOfSharesIssued_iI_pid_c20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zm2lwHIHqxOc" title="Number of shares issued">4,171,327</span> preferred shares, which are convertible into <span id="xdx_901_ecustom--ConversionOfPreferredShareIntoOrdinaryShares_pid_c20250101__20251231_zdJkEx1hZpwk" title="Conversion of preferred share">41,713,270</span> ordinary shares upon shareholder approval and Nasdaq listing clearance. Holders do not possess voting rights, except in matters directly affecting the rights or preferences of the Series B Preferred Shares.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Public Warrants</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The functional currency of the Company is the Euro and, as the exercise price of the Company’s share purchase warrants was fixed in U.S. Dollars, the warrants were classified as derivative financial liabilities at fair value through profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of 31 December 2025, all public warrants had expired in accordance with their terms and the related derivative liability was fully derecognised.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89A_ecustom--DisclosureOfDetailedInformationAboutFairValueOfTheWarrantsTextBlock_zYWdsagtym78" style="font: 10pt Times New Roman, Times, Serif; display: none; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BF_z7p8dKLmDpwg">Schedule of Fair Value of the Warrants </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Public warrants</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Balance – December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eifrs-full--FinancialLiabilitiesAtFairValue_iS_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_z66ZVliBItA4" style="width: 16%; text-align: right" title="Derivative financial liabilities">177</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Fair value on initial recognition of derivative liabilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--FairValueOnInitialRecognitionOfDerivativeLiabilities_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_z84SfUHltbQl" style="text-align: right" title="Fair value on initial recognition of derivative liabilities"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3555">-</span></span></td><td style="text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">(Decrease) / increase due to conversions during period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--DecreaseIncreaseDueToConversionsDuringPeriod_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_zX0P3HWFeGsa" style="text-align: right" title="Decrease increase due to conversions during period"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3557">-</span></span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">(Decrease) / increase due to derecognition during period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--DecreaseIncreaseDueToDerecognitionDuringPeriod_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_zm2uAdu87p5g" style="text-align: right" title="Decrease increase due to derecognition during period">(15</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">(Gain) / loss due to fair value movements during period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--GainLossDueToFairValueMovementsDuringPeriod_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_zguIOLIB18k2" style="text-align: right" title="Gain loss due to fair value movements during period">(161</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">(Gain) / loss due to fair value movements at remeasurement</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--GainLossDueToFairValueMovementsAtRemeasurement_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_zMRQcYxclhG7" style="text-align: right" title="Gain loss due to fair value movements at remeasurement"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3563">-</span></span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Reclassification of convertible notes on consolidation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--ReclassificationOfConvertibleNotesOnConsolidation_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_zBrbZg4qEb68" style="border-bottom: Black 1pt solid; text-align: right" title="Reclassification of convertible notes on consolidation"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3565">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance – December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98D_eifrs-full--FinancialLiabilitiesAtFairValue_iE_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_zri2h774djE5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Derivative financial liabilities"><span style="-sec-ix-hidden: xdx2ixbrl3567">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A2_zmztrDd0m8Tl" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: 0in"> </p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Service related warrants - HTOO</span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 4, 2024, the Company issued a warrant to H&amp;P Advisory Limited to purchase <span id="xdx_90E_eifrs-full--NumberOfSharesIssued_iI_pid_c20240704__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zi6R0YcPrrxj" title="Number of warrant issued">13,906</span> Class A ordinary shares at an exercise price of $<span id="xdx_905_ecustom--WarrantExercisePrice_iI_pid_uUSDPShares_c20240704__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_z0uPNZ0a8Vud" title="Warrant exercise price">1.6540</span> per share before the reverse split in 2025. Post reverse split to H&amp;P Advisory Limited to purchase <span id="xdx_90D_eifrs-full--NumberOfSharesIssued_iI_pid_c20240704__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HandPAdvisoryLimitedMember_zMh6MhDmRlt6" title="Number of warrant issued">398</span> Class A ordinary shares at an exercise price of $<span id="xdx_904_ecustom--WarrantExercisePrice_iI_pid_uUSDPShares_c20240704__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HandPAdvisoryLimitedMember_znWfBndxS9T1" title="Warrant exercise price">57.89</span> per share. The warrant is exercisable at any time until July 4, 2029, and includes a cashless exercise option.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On November 1, 2024, Fusion Fuel Green PLC issued a warrant to Bevilacqua PLLC to purchase up to <span id="xdx_909_eifrs-full--NumberOfSharesIssued_iI_pid_c20241101__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_znjQA2vzo6wj" title="Number of warrant issued">255,000</span> Class A ordinary shares at an exercise price of $<span id="xdx_90F_ecustom--WarrantExercisePrice_iI_pid_uUSDPShares_c20241101__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember_zPDHbdNvJIqf" title="Warrant exercise price">0.14</span> per share, in connection with legal services provided under an engagement agreement. In 2025, Bevilacqua exercised the warrants and received <span id="xdx_903_ecustom--ExerciseNumberOfWarrantAfterPostReverseSplit_iI_pid_c20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilacquaPLLCMember_zhLLY4GoEY0i" title="Exercise number of warrant after post reverse split">7,286</span> shares on a post-reverse split basis.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On December 31, 2025, Fusion Fuel Green PLC issued a warrant to Bevilacqua PLLC to purchase up to <span id="xdx_901_eifrs-full--NumberOfSharesIssued_iI_pid_c20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilacquaPLLCMember_znIVRZVGpDV9" title="Number of warrant issued">71,429</span> Class A ordinary shares at an exercise price of $<span id="xdx_900_ecustom--WarrantExercisePrice_iI_pid_uUSDPShares_c20251231__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilacquaPLLCMember_zENVKrDfmkfi" title="Warrant exercise price">0.88</span> per share, in connection with legal services provided under an engagement agreement. As of April 14, 2026, Bevilacqua PLLC has exercised the warrants and received <span id="xdx_90B_ecustom--StockIssuedDuringPeriodSharesExerciseOfWarrants_pid_c20260414__20260414__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilacquaPLLCMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember_zerSQhqfpvJ6" title="Number of shares exercise">71,429</span> shares.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Warrants issued to service providers are accounted for in accordance with IFRS 2. The fair value of the warrants was measured at the grant date using the Black-Scholes option pricing model. This amount is recognized as an expense with a corresponding credit to equity, specifically within the share-based payments reserve. This balance is not required to be subsequently remeasured after initial recognition. The key inputs used in the option pricing model use to value these warrants are displayed in the table below.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Service related warrants - QIND</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During 2023, QIND recognised service related warrants. These amounts are included in the share premium figure on consolidation. The key inputs used in the option pricing model use to value these warrants are displayed in the table below.</span></p> <p id="xdx_898_ecustom--DisclosureOfKeyInputsUsedInOptionPricingModelToCalculateTheValueOfWarrantsTextBlock_zknFJjexu4B5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zv4qUI7DltH" style="display: none">Schedule of key inputs used in option pricing model to calculate the value of warrants</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">HP Warrant</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Bevil</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Warrant </b></span></p></td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">QIND Warrant #1</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">QIND Warrant #2</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_906_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_z39Z7LtCZ4Hl" title="Expected volatility, share options granted">139.93</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_90E_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_zVZ6Q5SwXFOi" title="Expected volatility, share options granted">139.93</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_907_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_zK0guQnxFzxd" title="Expected volatility, share options granted">80.00</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_902_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_z1Mw5tXUkSVj" title="Expected volatility, share options granted">80.00</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected term in years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eifrs-full--DescriptionOfOptionLifeShareOptionsGranted_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_zDaQJiyF350h" title="Option life, share options granted">5</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eifrs-full--DescriptionOfOptionLifeShareOptionsGranted_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_z9jYIqEXVwdh" title="Option life, share options granted">4</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eifrs-full--DescriptionOfOptionLifeShareOptionsGranted_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_z4pzS86z0hG7" title="Option life, share options granted">5</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eifrs-full--DescriptionOfOptionLifeShareOptionsGranted_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_zpXM7nRybYC5" title="Option life, share options granted">5</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dividend rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_zrh5MMWR4vLk" title="Expected dividend as percentage, share options granted">0.0</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_zAdX15dMKa5b" title="Expected dividend as percentage, share options granted">0.0</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_zq0wddoDOTXf" title="Expected dividend as percentage, share options granted">0.0</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_zIpZJFpIiX7j" title="Expected dividend as percentage, share options granted">0.0</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk-free interest rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_zIzHbtZ7GXx3" title="Risk free interest rate, share options granted">4.5</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_z7NP0xQKfBAh" title="Risk free interest rate, share options granted">4.2</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_zn1iOqxcL9Rd" title="Risk free interest rate, share options granted">3.0</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_zGRHeyA0bAk7" title="Risk free interest rate, share options granted">3.0</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Hurdle price</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_ecustom--HurdlePriceShareOptionGranted_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_zH3EswJ7akR9" title="Hurdle price share option granted"><span style="-sec-ix-hidden: xdx2ixbrl3623">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_ecustom--HurdlePriceShareOptionGranted_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_zN6DodoH8VN7" title="Hurdle price share option granted"><span style="-sec-ix-hidden: xdx2ixbrl3625">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_ecustom--HurdlePriceShareOptionGranted_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_zdIPTa7q4M8g" title="Hurdle price share option granted"><span style="-sec-ix-hidden: xdx2ixbrl3627">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_ecustom--HurdlePriceShareOptionGranted_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_zyzz0CJP4xo4" title="Hurdle price share option granted"><span style="-sec-ix-hidden: xdx2ixbrl3629">-</span></span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Exercise price</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_90F_eifrs-full--ExercisePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_zvmnSshasNv3" title="Exercise price, share options granted">1.65</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_90A_eifrs-full--ExercisePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_z1NOAU6YxKi8" title="Exercise price, share options granted">0.01</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_909_eifrs-full--ExercisePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_zjyoLP6qgEh9" title="Exercise price, share options granted">0.58</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_906_eifrs-full--ExercisePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_zatBL6qdzgs2" title="Exercise price, share options granted">3.50</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Share price</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_90C_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_zHM8GUcanu6f" title="Weighted average share price, share options granted">1.29</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_900_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_zlhVoFXlzM2g" title="Weighted average share price, share options granted">0.62</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_90D_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_zgRlfthEAW7e" title="Weighted average share price, share options granted">0.49</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_90B_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_zbIpzDzFdrIj" title="Weighted average share price, share options granted">0.61</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Fair value of warrant on grant date</td><td> </td> <td style="text-align: left">€</td><td style="text-align: right"><span id="xdx_90F_ecustom--FairValueOfWarrantOnGrantDate_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_zwj2n4fRnY9b" title="Fair value of warrant on grant date">14,779</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">€</td><td style="text-align: right"><span id="xdx_90A_ecustom--FairValueOfWarrantOnGrantDate_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_zliiuf5wH2E6" title="Fair value of warrant on grant date">136,591</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">€</td><td style="text-align: right"><span id="xdx_908_ecustom--FairValueOfWarrantOnGrantDate_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_znuBB4joKYm1" title="Fair value of warrant on grant date">56,602</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">€</td><td style="text-align: right"><span id="xdx_90C_ecustom--FairValueOfWarrantOnGrantDate_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_zStaJ1UYU2Pc" title="Fair value of warrant on grant date">8,854</span></td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8A8_zGQ3WeXoGU7k" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compound equity instruments</span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year, the Group acquired convertible loan notes through its subsidiary, Quality Industrial Corp. (“QIND”). Under US GAAP, these instruments are recognised as simple debt instruments in the financial statements of QIND. However, in preparing the Group’s consolidated financial statements under IFRS, the instruments were reassessed in accordance with IAS 32 and determined to meet the definition of compound financial instruments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The convertible notes contain both a contractual obligation to deliver cash (a liability component) and an equity conversion feature. The terms of the conversion feature were assessed and determined to meet the “fixed-for-fixed” criterion under IAS 32, as the notes are convertible into a fixed number of the Group’s ordinary shares for a fixed amount of consideration.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As such, the instrument was bifurcated into liability and equity components at initial recognition. The liability component was measured at fair value using the effective interest rate method, and the residual amount was allocated to the equity component, which has been recognised in a separate reserve within equity titled the Convertible Note Reserve. This reserve represents the value attributable to the holders’ conversion rights and will remain within equity unless the notes are converted or otherwise extinguished. This amount does not get subsequently remeasured at each reporting date.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>Foreign currency translation reserve</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The foreign currency translation reserve comprises exchange differences arising on the translation of the financial statements of foreign operations whose functional currency is not the euro, principally QIND, including the goodwill and fair value adjustments arising on its acquisition. At 31 December 2025 the reserve was a debit balance of €<span id="xdx_90F_ecustom--ForeignCurrencyTranslationReserve_iNI_pn3n3_di_c20251231__srt--RestatementAxis__ifrs-full--RestatedMember_zk3d81g4jV5i" title="Foreign currency translation reserve">1,647</span>k (restated – refer to Note 5). The other equity reserve includes a net decrease of €<span id="xdx_902_ecustom--ChangesInOwnershipInterest_iI_pn3n3_c20251231__ifrs-full--CounterpartiesAxis__custom--QualityIndustrialCorpMember_zloL6FuGQnPc" title="Changes in ownership interest">1,813</span>k arising in 2025 from changes in the Group’s ownership interest in QIND that did not result in a loss of control (IFRS 10.23): new equity of €<span id="xdx_907_ecustom--IncreaseOfArisingFromChangesInOwnershipInterest_iI_pn3n3_c20251231__ifrs-full--CounterpartiesAxis__custom--QualityIndustrialCorpMember_znMXclXnrqha" title="Increase of arising from changes in ownership interest">416</span>k raised by QIND from holders other than the Group, less €<span id="xdx_904_eifrs-full--NoncontrollingInterests_iI_pn3n3_c20251231__srt--RestatementAxis__ifrs-full--RestatedMember__ifrs-full--CounterpartiesAxis__custom--QualityIndustrialCorpMember_zm5DQGQZSn4l" title="Non-controlling interests">2,229</span>k attributed to non-controlling interests (restated – refer to Note 5).</p> 2288291 654953 0.0035 0.0035 347283 2345452 2708022 2314464 107500 13890 306000 98046 574000 63333 222000 492715 1939000 335898 268000 274887 620000 7286 172000 4171327 shares are convertible into Class A ordinary shares at a ratio of 1:10 subject to satisfaction of closing conditions <p id="xdx_894_eifrs-full--DisclosureOfClassesOfShareCapitalExplanatory_zukK9YqBHa8d" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B4_zUY7N0HV4YG1" style="display: none">Schedule of share capital</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Number of</p> <p style="margin-top: 0; margin-bottom: 0">common shares</p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">Number of</p> <p style="margin-top: 0; margin-bottom: 0">preferred shares</p></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">Opening balance – January 1, 2024 (restated)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfSharesIssued_iS_pid_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zif9f2n3lzg1" style="width: 10%; text-align: right" title="Number of shares, beginning">426,257</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_ecustom--ValueOfShares_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zDOdNnCu9iY5" style="width: 10%; text-align: right" title="Number of shares value, beginning">3</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfSharesIssued_iS_pid_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zONkoB4gmeCk" style="width: 10%; text-align: right" title="Number of shares, beginning"><span style="-sec-ix-hidden: xdx2ixbrl3471">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_ecustom--ValueOfShares_iS_pn3n3_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z9aNfVcABIw5" style="width: 10%; text-align: right" title="Number of shares value, beginning"><span style="-sec-ix-hidden: xdx2ixbrl3473">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Issue of shares</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ShareIssuedDuringPeriod_pid_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zv7xPWzAqiYk" style="border-bottom: Black 1pt solid; text-align: right" title="Issue of shares">228,696</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_ecustom--ShareIssuedDuringPeriodValue_pn3n3_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zljTBcAZAyJi" style="border-bottom: Black 1pt solid; text-align: right" title="Issue of shares, value"><span style="-sec-ix-hidden: xdx2ixbrl3477">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--ShareIssuedDuringPeriod_pid_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z97wEvTnoQUg" style="border-bottom: Black 1pt solid; text-align: right" title="Issue of shares"><span style="-sec-ix-hidden: xdx2ixbrl3479">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ShareIssuedDuringPeriodValue_pn3n3_c20240101__20241231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zkQImsf9H5Pe" style="border-bottom: Black 1pt solid; text-align: right" title="Issue of shares, value"><span style="-sec-ix-hidden: xdx2ixbrl3481">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Closing balance – December 31, 2024 restated</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfSharesIssued_iS_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zq2moCp2pSz2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of shares, beginning">654,953</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_ecustom--ValueOfShares_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zPne3fvTD9p6" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares value, beginning">3</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfSharesIssued_iS_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_ziJY2jrNR9h1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of shares, beginning"><span style="-sec-ix-hidden: xdx2ixbrl3487">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_ecustom--ValueOfShares_iS_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z2KynrayMlBb" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares value, beginning"><span style="-sec-ix-hidden: xdx2ixbrl3489">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Issue of shares – ATM</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--ShareIssuedDuringPeriodAtTheMarket_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_z1p7WMnfUaOa" style="text-align: right" title="Issue of shares - ATM">347,283</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--ShareIssuedDuringPeriodValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_ztGmuSlGmWV3" style="text-align: right" title="Issue of shares - ATM value"><span style="-sec-ix-hidden: xdx2ixbrl3493">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ShareIssuedDuringPeriodAtTheMarket_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z0XjudvxpnCf" style="text-align: right" title="Issue of shares - ATM"><span style="-sec-ix-hidden: xdx2ixbrl3495">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--ShareIssuedDuringPeriodValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z7y9bFYGkFoe" style="text-align: right" title="Issue of shares - ATM value"><span style="-sec-ix-hidden: xdx2ixbrl3497">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Issue of shares – PIPE</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ShareIssuedDuringPeriodSharePipe_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zcEsDa9gdAUc" style="text-align: right" title="Issue of shares - PIPE">610,785</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--ShareIssuedDuringPeriodSharePipeValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zl5COUcVLu3c" style="text-align: right" title="Issue of shares - PIPE value"><span style="-sec-ix-hidden: xdx2ixbrl3501">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ShareIssuedDuringPeriodSharePipe_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zMcPSvqQKYu4" style="text-align: right" title="Issue of shares - PIPE"><span style="-sec-ix-hidden: xdx2ixbrl3503">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ShareIssuedDuringPeriodSharePipeValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zF1cm51jmuUk" style="text-align: right" title="Issue of shares - PIPE value"><span style="-sec-ix-hidden: xdx2ixbrl3505">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Issue of shares – Macquarie/Keystone</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ShareIssuedDuringPeriodShareMacquarieKeystone_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zCuNcfTXuLei" style="text-align: right" title="Issue of shares - Macquarie Keystone">590,761</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--ShareIssuedDuringPeriodShareMacquarieKeystoneValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zOQPnGE9Uo86" style="text-align: right" title="Issue of shares - Macquarie Keystone value"><span style="-sec-ix-hidden: xdx2ixbrl3509">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--ShareIssuedDuringPeriodShareMacquarieKeystone_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z8p7V3CdAlX3" style="text-align: right" title="Issue of shares - Macquarie Keystone"><span style="-sec-ix-hidden: xdx2ixbrl3511">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ShareIssuedDuringPeriodShareMacquarieKeystoneValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zUlP4ePfyoKj" style="text-align: right" title="Issue of shares - Macquarie Keystone value"><span style="-sec-ix-hidden: xdx2ixbrl3513">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Issue of shares – commitment/service</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--ShareIssuedDuringPeriodShareCommitmentService_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zHfgvziW09Yi" style="text-align: right" title="Issue of shares - commitment service">21,176</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ShareIssuedDuringPeriodShareCommitmentServiceValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_z7RBUK2Gw9w7" style="text-align: right" title="Issue of shares - commitment service value"><span style="-sec-ix-hidden: xdx2ixbrl3517">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--ShareIssuedDuringPeriodShareCommitmentService_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zUjobmmjzLd5" style="text-align: right" title="Issue of shares - commitment service">4,171,327</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--ShareIssuedDuringPeriodShareCommitmentServiceValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zALT81Pj6mAa" style="text-align: right" title="Issue of shares - commitment service value"><span style="-sec-ix-hidden: xdx2ixbrl3521">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Reverse split rounding</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--ShareIssuedDuringPeriodReverseSplitRounding_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zl02R2QRmax5" style="text-align: right" title="Reverse split rounding">63,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ShareIssuedDuringPeriodReverseSplitRoundingValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_ziPG7u0qxwz4" style="text-align: right" title="Reverse split rounding value"><span style="-sec-ix-hidden: xdx2ixbrl3525">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--ShareIssuedDuringPeriodReverseSplitRounding_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z8iUG2PV9pqh" style="text-align: right" title="Reverse split rounding"><span style="-sec-ix-hidden: xdx2ixbrl3527">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--ShareIssuedDuringPeriodReverseSplitRoundingValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zVwqRLJuZVof" style="text-align: right" title="Reverse split rounding value"><span style="-sec-ix-hidden: xdx2ixbrl3529">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">QIND stock conversion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ShareIssuedDuringPeriodStockConversion_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zNUyiLOpnEW8" style="border-bottom: Black 1pt solid; text-align: right" title="QIND stock conversion"><span style="-sec-ix-hidden: xdx2ixbrl3531">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--ShareIssuedDuringPeriodStockConversionValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zcS3LoTmRhrj" style="border-bottom: Black 1pt solid; text-align: right" title="QIND stock conversion value">(4</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_ecustom--ShareIssuedDuringPeriodStockConversion_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zFrUcaTHzi7g" style="border-bottom: Black 1pt solid; text-align: right" title="QIND stock conversion"><span style="-sec-ix-hidden: xdx2ixbrl3535">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--ShareIssuedDuringPeriodStockConversionValue_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zzzmzCCmcoJl" style="border-bottom: Black 1pt solid; text-align: right" title="QIND stock conversion value"><span style="-sec-ix-hidden: xdx2ixbrl3537">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Closing balance – December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfSharesIssued_iE_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zOom0PJ3ysW7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of shares value, ending">2,288,291</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--ValueOfShares_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--OrdinarySharesMember_zImaMCuGVeN7" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares value, ending">(1</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfSharesIssued_iE_pid_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_z54FaHkma5hf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of shares, ending">4,171,327</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--ValueOfShares_iE_pn3n3_c20250101__20251231__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--PreferenceSharesMember_zbsZ1q8gW5w6" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares value, ending"><span style="-sec-ix-hidden: xdx2ixbrl3545">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 426257 3000 228696 654953 3000 347283 610785 590761 21176 4171327 63333 -4000 2288291 -1000 4171327 4171327 41713270 <p id="xdx_89A_ecustom--DisclosureOfDetailedInformationAboutFairValueOfTheWarrantsTextBlock_zYWdsagtym78" style="font: 10pt Times New Roman, Times, Serif; display: none; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BF_z7p8dKLmDpwg">Schedule of Fair Value of the Warrants </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Public warrants</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">Balance – December 31, 2024</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eifrs-full--FinancialLiabilitiesAtFairValue_iS_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_z66ZVliBItA4" style="width: 16%; text-align: right" title="Derivative financial liabilities">177</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Fair value on initial recognition of derivative liabilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--FairValueOnInitialRecognitionOfDerivativeLiabilities_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_z84SfUHltbQl" style="text-align: right" title="Fair value on initial recognition of derivative liabilities"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3555">-</span></span></td><td style="text-align: left"></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">(Decrease) / increase due to conversions during period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--DecreaseIncreaseDueToConversionsDuringPeriod_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_zX0P3HWFeGsa" style="text-align: right" title="Decrease increase due to conversions during period"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3557">-</span></span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">(Decrease) / increase due to derecognition during period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--DecreaseIncreaseDueToDerecognitionDuringPeriod_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_zm2uAdu87p5g" style="text-align: right" title="Decrease increase due to derecognition during period">(15</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">(Gain) / loss due to fair value movements during period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--GainLossDueToFairValueMovementsDuringPeriod_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_zguIOLIB18k2" style="text-align: right" title="Gain loss due to fair value movements during period">(161</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">(Gain) / loss due to fair value movements at remeasurement</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--GainLossDueToFairValueMovementsAtRemeasurement_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_zMRQcYxclhG7" style="text-align: right" title="Gain loss due to fair value movements at remeasurement"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3563">-</span></span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Reclassification of convertible notes on consolidation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--ReclassificationOfConvertibleNotesOnConsolidation_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_zBrbZg4qEb68" style="border-bottom: Black 1pt solid; text-align: right" title="Reclassification of convertible notes on consolidation"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3565">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Balance – December 31, 2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98D_eifrs-full--FinancialLiabilitiesAtFairValue_iE_pn3n3_c20250101__20251231__ifrs-full--TypesOfFinancialLiabilitiesAxis__custom--PublicWarrantsMember_zri2h774djE5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Derivative financial liabilities"><span style="-sec-ix-hidden: xdx2ixbrl3567">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 177000 -15000 -161000 13906 1.6540 398 57.89 255000 0.14 7286 71429 0.88 71429 <p id="xdx_898_ecustom--DisclosureOfKeyInputsUsedInOptionPricingModelToCalculateTheValueOfWarrantsTextBlock_zknFJjexu4B5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zv4qUI7DltH" style="display: none">Schedule of key inputs used in option pricing model to calculate the value of warrants</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">HP Warrant</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Bevil</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Warrant </b></span></p></td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">QIND Warrant #1</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">QIND Warrant #2</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">Volatility</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_906_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_z39Z7LtCZ4Hl" title="Expected volatility, share options granted">139.93</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_90E_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_zVZ6Q5SwXFOi" title="Expected volatility, share options granted">139.93</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_907_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_zK0guQnxFzxd" title="Expected volatility, share options granted">80.00</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_902_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_z1Mw5tXUkSVj" title="Expected volatility, share options granted">80.00</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected term in years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eifrs-full--DescriptionOfOptionLifeShareOptionsGranted_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_zDaQJiyF350h" title="Option life, share options granted">5</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eifrs-full--DescriptionOfOptionLifeShareOptionsGranted_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_z9jYIqEXVwdh" title="Option life, share options granted">4</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eifrs-full--DescriptionOfOptionLifeShareOptionsGranted_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_z4pzS86z0hG7" title="Option life, share options granted">5</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eifrs-full--DescriptionOfOptionLifeShareOptionsGranted_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_zpXM7nRybYC5" title="Option life, share options granted">5</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dividend rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_zrh5MMWR4vLk" title="Expected dividend as percentage, share options granted">0.0</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_zAdX15dMKa5b" title="Expected dividend as percentage, share options granted">0.0</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_zq0wddoDOTXf" title="Expected dividend as percentage, share options granted">0.0</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_zIpZJFpIiX7j" title="Expected dividend as percentage, share options granted">0.0</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk-free interest rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_zIzHbtZ7GXx3" title="Risk free interest rate, share options granted">4.5</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_z7NP0xQKfBAh" title="Risk free interest rate, share options granted">4.2</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_zn1iOqxcL9Rd" title="Risk free interest rate, share options granted">3.0</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_zGRHeyA0bAk7" title="Risk free interest rate, share options granted">3.0</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Hurdle price</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_ecustom--HurdlePriceShareOptionGranted_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_zH3EswJ7akR9" title="Hurdle price share option granted"><span style="-sec-ix-hidden: xdx2ixbrl3623">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_ecustom--HurdlePriceShareOptionGranted_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_zN6DodoH8VN7" title="Hurdle price share option granted"><span style="-sec-ix-hidden: xdx2ixbrl3625">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_ecustom--HurdlePriceShareOptionGranted_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_zdIPTa7q4M8g" title="Hurdle price share option granted"><span style="-sec-ix-hidden: xdx2ixbrl3627">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_ecustom--HurdlePriceShareOptionGranted_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_zyzz0CJP4xo4" title="Hurdle price share option granted"><span style="-sec-ix-hidden: xdx2ixbrl3629">-</span></span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Exercise price</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_90F_eifrs-full--ExercisePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_zvmnSshasNv3" title="Exercise price, share options granted">1.65</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_90A_eifrs-full--ExercisePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_z1NOAU6YxKi8" title="Exercise price, share options granted">0.01</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_909_eifrs-full--ExercisePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_zjyoLP6qgEh9" title="Exercise price, share options granted">0.58</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_906_eifrs-full--ExercisePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_zatBL6qdzgs2" title="Exercise price, share options granted">3.50</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Share price</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_90C_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_zHM8GUcanu6f" title="Weighted average share price, share options granted">1.29</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_900_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_zlhVoFXlzM2g" title="Weighted average share price, share options granted">0.62</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_90D_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_zgRlfthEAW7e" title="Weighted average share price, share options granted">0.49</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_90B_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_uUSDPShares_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_zbIpzDzFdrIj" title="Weighted average share price, share options granted">0.61</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Fair value of warrant on grant date</td><td> </td> <td style="text-align: left">€</td><td style="text-align: right"><span id="xdx_90F_ecustom--FairValueOfWarrantOnGrantDate_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--HPWarrantMember_zwj2n4fRnY9b" title="Fair value of warrant on grant date">14,779</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">€</td><td style="text-align: right"><span id="xdx_90A_ecustom--FairValueOfWarrantOnGrantDate_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BevilWarrantMember_zliiuf5wH2E6" title="Fair value of warrant on grant date">136,591</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">€</td><td style="text-align: right"><span id="xdx_908_ecustom--FairValueOfWarrantOnGrantDate_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantOneMember_znuBB4joKYm1" title="Fair value of warrant on grant date">56,602</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">€</td><td style="text-align: right"><span id="xdx_90C_ecustom--FairValueOfWarrantOnGrantDate_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QINDWarrantTwoMember_zStaJ1UYU2Pc" title="Fair value of warrant on grant date">8,854</span></td><td style="text-align: left"> </td></tr> </table> 1.3993 1.3993 0.8000 0.8000 5000 4000 5000 5000 0.000 0.000 0.000 0.000 0.045 0.042 0.030 0.030 1.65 0.01 0.58 3.50 1.29 0.62 0.49 0.61 14779000 136591000 56602000 8854000 -1647000 1813000 416000 2229000 <p id="xdx_801_eifrs-full--DisclosureOfFinancialRiskManagementExplanatory_zzW0ukETmtuh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>27.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_822_zhGX8U2MCuqd">Financial instruments and risk management</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 0.25in"><b> </b></td> <td style="text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(a)</b></span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Accounting classifications and fair value</b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 3.3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation technique:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 1: quoted (unadjusted) prices in active markets for identical assets or liabilities;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 2: other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly; and</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 3: techniques which use inputs that have a significant effect on the recorded fair value that are not based on observable market data.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 56.7pt; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company recognises transfers between levels of the fair value hierarchy at the end of the reporting period during which the change has occurred. There were no transfers between fair value levels during the year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at December 31, 2025, the Group’s financial instruments measured at fair value comprised derivative financial liabilities of €<span id="xdx_909_eifrs-full--DerivativeFinancialLiabilities_iI_pn3n3_uEUR_c20251231_zXDiuhqhtdE" title="Derivative financial liabilities">181</span>k, classified within Level 2 of the fair value hierarchy. No instruments were classified within Level 1 or Level 3 at the reporting date.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The derivative financial liabilities outstanding at 31 December 2025 relate to embedded derivative features within convertible financing instruments and share purchase warrants. These instruments were valued using a Black-Scholes model, which is considered a Level 2 technique as it uses observable market inputs. The inputs to the valuation comprised the Company’s quoted share price at the measurement date, risk-free rates derived from government bond yields with maturities corresponding to the expected term of the instruments, expected term based on the contractual maturity of the underlying instrument, and volatility estimated from the Company’s historical share price. See Note 23 for the movement in derivative financial liabilities during the year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The comparative position at 31 December 2024 included warrants measured at fair value using Level 1 inputs (quoted market prices at the reporting date), the Macquarie convertible notes and associated warrants (classified as derivative liabilities, Level 2, valued using a Black-Scholes model), service-related warrants (classified as compound equity instruments, Level 2, valued using a Binomial pricing model), and a convertible note reserve recognised in relation to QIND’s convertible notes (Level 2, measured by discounting expected future cash flows at the effective interest rate derived from observable market inputs). These instruments were extinguished, converted or derecognised during the year ended 31 December 2025.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89B_eifrs-full--DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesExplanatory_zxZBFjceS3X8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B3_zwbC9WTqN3g8" style="display: none">Schedule of unobservable inputs in fair value measurement within level 3</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="display: none"> </span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="14" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Carrying value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="14" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Cash and receivables</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Liabilities</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Equity</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Total carrying amount</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Level 1</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Level 2</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Level 3</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%; text-align: left">Cash and cash equivalents</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_z4BCt3Mw8Muk" style="width: 5%; text-align: right">575</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zkzWw9OtKGLg" style="width: 5%; text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3669">-</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zykWxjqUJ70e" style="width: 5%; text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3670">-</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zOn2aBRCdXP7" style="width: 5%; text-align: right">575</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zLco01DFukX6" style="width: 5%; text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3673">-</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_z1NvuTPA4efd" style="width: 5%; text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3675">-</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zxPbuG6lWRnc" style="width: 5%; text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3677">-</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zj3Sug4zUxo5" style="width: 5%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3678">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade receivables</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zyAa0h0MNxVf" style="text-align: right">4,774</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_z58cn75Hn9B5" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3680">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zIWMNKeLtCY5" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3681">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zU27k5aXlj5b" style="text-align: right">4,774</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zWKkbekjN7a3" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3684">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zSlsuOozkNh3" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3686">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zGtBCp7cAmpe" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3688">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zWOIXx7dPv8j" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3689">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other receivables*</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zHuSwSbkRXAi" style="text-align: right">229</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zbd9uzcn2tyb" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3691">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zJYGVSD6dnZ8" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3692">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____ziX6VoTDiGfk" style="text-align: right">229</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_fKg_____zVaoUw7NRZ37" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3695">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_fKg_____zh7r5cppk5O4" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3697">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_fKg_____zmBvVI7sDo48" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3699">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zkJE4NQUBXDk" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3700">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade payables</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zRb4KZCQ2H36" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3701">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zuStCesicuSg" style="text-align: right">1,375</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zznIIOWplG4j" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3703">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zP7tIJ8v2v7h" style="text-align: right">1,375</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zYbUjLUHlfQ3" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3706">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zej16OoORaOc" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3708">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zAePzuRgl0sc" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3710">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zrEHlp5mXnpk" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3711">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Warrants</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_z75dpHBqn74" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3712">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zlGLi669H0Xe" style="text-align: right">0</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zUcglBiIUAVb" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3714">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zVXzI5G9KFab" style="text-align: right">0</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_z7zEYyz6lgmj" style="text-align: right" title="Total Fair value">0</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_z5gUgig89y6k" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3719">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zMYOtuxgYqE9" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3721">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zDJyNY1wGtYk" style="text-align: right">0</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amounts owed to related parties</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_z7jv0Am1MWU7" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3723">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_zB4zuPJZJmr4" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3724">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_z2ZLQ1DEHWZ4" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3725">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_zIgHsHdbFp9b" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3726">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zfP9yfkANNNl" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3728">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zaNpZZRHZhva" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3730">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zPMsR3qGDXXb" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3732">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_zvTKgPhlpR5f" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3733">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loans and borrowings</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zWvQT60bgIH1" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3734">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zZHd2TsuVH89" style="text-align: right">1,757</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zH3jkGY20tY2" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3736">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zYVmWoLgrVQ6" style="text-align: right">1,757</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zZZQr1Xek6Yc" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3739">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zouhEbolSeM8" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3741">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_z7ujyKz1xsya" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3743">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zBv6pJObTMDd" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3744">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other payables**</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zGRa6Uf4g1x1" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3745">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zYo0cIswV6s7" style="text-align: right">7,038</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zoS2HPLgYvO4" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3747">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zihjPgQ72wR4" style="text-align: right">7,038</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_fKio___za3knMDyNXig" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3750">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_fKio___z3WzrneQ2sx" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3752">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_fKio___zG3dVitaKfB9" style="text-align: right" title="Total Fair value"><span style="display: none; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3754">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zjfh94p5Pw16" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3755">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Derivative liabilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_z9w1MIg0sin3" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3756">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zEWUEzUivbed" style="text-align: right">181</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zZ7PmbubCMXh" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3758">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zZybcoK6EiX" style="text-align: right">181</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zWm9IcFZyvyd" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3761">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zCstwIbFPLCf" style="text-align: right" title="Total Fair value">181</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zcAiaQ3fUwjb" style="text-align: right" title="Total Fair value"><span style="display: none; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3765">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zacutO2xBc1h" style="text-align: right">181</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other equity reserve</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember_zc5DL7prLgoh" style="border-bottom: Black 1pt solid; text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3767">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember_ztn9h5pH428i" style="border-bottom: Black 1pt solid; text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3768">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember_z2EdzNmWgjQ" style="border-bottom: Black 1pt solid; text-align: right">4,995</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember_zbJ4D74JuZK3" style="border-bottom: Black 1pt solid; text-align: right">4,995</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zYaTkhVkkbDe" style="border-bottom: Black 1pt solid; text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3772">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zBHKtNpUwKl3" style="border-bottom: Black 1pt solid; text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3774">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zuR1WQZnPs5b" style="border-bottom: Black 1pt solid; text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3776">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember_zMOBmMZhMCra" style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3777">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98D_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231_zvA4mEhGvWQ2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,579</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_984_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231_zry5rX65Mvi1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,351</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231_zVdYFLjtnnMc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,995</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_987_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231_zRcWAc5dl24b" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">20,925</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zyQcT8zVAlp4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total Fair value">0</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zf2e6iVx23N9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total Fair value">181</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zD3JGI9AEvTl" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3787">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231_zAQ5PGwbtOL9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">181</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: right">2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Cash and cash equivalents</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_z3Md2EnHODJ7" style="text-align: right">214</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zjVOA5BH54G4" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3790">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_z9C3HlKlVxoj" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3791">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zmeCC8oTTh6l" style="text-align: right">214</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zsYr6IFa5XQ" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3794">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zsA4V4vd1RCe" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3796">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zxSGf7QFeisd" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3798">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zqxfBCMUuSZg" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3799">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade receivables</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zC95VqhZjx1f" style="text-align: right">2,958</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zsU7YYJq9V5f" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3801">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zzfOyFno64y" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3802">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zUZGs1GoZ034" style="text-align: right">2,958</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zIy1447arta3" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3805">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_z4rYQ9xfl4gj" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3807">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zO7NgjgiBr9a" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3809">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_z7m99YgCk9w7" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3810">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other receivables*</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zXxNVIbjzUQb" style="text-align: right">48</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zQq7Wr84xeO1" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3812">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zeULK7SRdaEi" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3813">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zCQyJq2fSJZe" style="text-align: right">48</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_fKg_____zXMbjMUeBLP2" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3816">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_fKg_____zZFEzgxePoK8" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3818">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_fKg_____zNXRXmCbzKI5" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3820">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zREdrDwAb7kl" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3821">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade payables</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zopFNplsnzp5" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3822">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zugAnEnvsgmj" style="text-align: right">2,838</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zBLezbj0mi61" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3824">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zl9sHbYSvIQi" style="text-align: right">2,838</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zgiuu4DXhcQ7" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3827">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zU2LaIzg93hh" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3829">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zTUswRNGlEW2" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3831">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zXwbxxSHpqca" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3832">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Warrants</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zcJkVXQs0hpg" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3833">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zui0XzLSGBoe" style="text-align: right">177</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zs7Noe48IMEc" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3835">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zQQKGQv4Pak9" style="text-align: right">177</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_z1UAuU2aECp3" style="text-align: right" title="Total Fair value">177</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zgqIGDNvbif8" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3840">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zrs5FQbCw5ia" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3842">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zy71cLqhqElh" style="text-align: right">177</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amounts owed to related parties</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_zAA8nylyByxd" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3844">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_znv95DtzFeI4" style="text-align: right">5,086</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_zyjDNQUjbAI" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3846">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_ztbbWMgw3475" style="text-align: right">5,086</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_z32bu2D6HdZf" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3849">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zdmIebivW3a1" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3851">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_ztbzOhOETGQd" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3853">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_zBWPPyctWzt3" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3854">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loans and borrowings</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zAFb0eu9CLZ3" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3855">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zbz2FgOdbTXb" style="text-align: right">1,938</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_z2mWiJVSvaz7" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3857">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zQRPZEP3aro" style="text-align: right">1,938</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zvfNcdnquwgk" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3860">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zEkUdhfPKHFf" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3862">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zJlUdVxf2yn2" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3864">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_z4MwPdqwofQj" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3865">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other payables**</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zPQMOmIcvbze" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3866">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zDPkQUQdvmCh" style="text-align: right">1,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___z5l2k71i4DKi" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3868">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___ztFLv9T1EHn1" style="text-align: right">1,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_fKio___ziZ65Wxsz8me" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3871">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_fKio___zWwMNBukk1P7" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3873">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_fKio___zL5Yew1ovHRj" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3875">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zFt0JqObSeX7" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3876">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Derivative liabilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zXoy7QJDoC06" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3877">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zNfBhrx0hyb7" style="text-align: right">870</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zLrV3Y8SuKA5" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3879">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zvPbb2t7hpzd" style="text-align: right">870</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zZbTV84JzVTl" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3882">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_z1E1bFgXlpb8" style="text-align: right" title="Total Fair value">870</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zoHGz45sUdyl" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3886">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zhk7MGehGzp4" style="text-align: right">870</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Service related warrants</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember_zn4kkqN3ezxj" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3888">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember_zkpqTXlCbNWc" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3889">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember_zQvXf2vkINMg" style="text-align: right">217</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember_zwRXKRwisJ91" style="text-align: right">217</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zKarGCbqGxSh" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3893">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zdNxdskAUjzk" style="text-align: right" title="Total Fair value">217</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_z75ykevVWvN7" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3897">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember_z1sqJheGePbi" style="text-align: right">217</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Convertible note reserve</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember_zQ8Bvpt1a5c5" style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3899">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember_zKTfIeumjysc" style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3900">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember_zMxNuNE8CCf1" style="border-bottom: Black 1pt solid; text-align: right">24</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember_zM3CsVATDtCe" style="border-bottom: Black 1pt solid; text-align: right">24</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zUJFS7WcIJ7c" style="border-bottom: Black 1pt solid; text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3904">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zSW3Jimrcsz3" style="border-bottom: Black 1pt solid; text-align: right" title="Total Fair value">24</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zBXnz7Ytfouj" style="border-bottom: Black 1pt solid; text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3908">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember_zv3I74mhNmwk" style="border-bottom: Black 1pt solid; text-align: right">24</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98F_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231_zRyu1Aq8uU54" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Cash and receivables, carrying amount">3,220</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231_zPKIvqHmKT46" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Liabilities, carrying amount">11,909</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231_z6Y0wfITOcE4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Equity, carrying amount">241</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_986_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231_zfuyYmRT7Wc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Equity, carrying amount">15,370</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_986_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zDSG92CLUryl" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total Fair value">177</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zw7K7Sd8NVS6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total Fair value">1,111</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zm0RgwGJ5uB7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3923">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231_znhPIhSKdsca" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,288</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0F_zjfscJCC5Ng9" style="width: 35pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="width: 5pt"></td><td style="text-align: justify"><span id="xdx_F1C_zQbbAAHfNRMg" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepayments and VAT have been excluded as they are not classified as a financial asset.</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 35pt; text-align: right"><span id="xdx_F01_zVh6QlIRRpj" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">**</span></td><td style="width: 5pt"></td><td style="text-align: justify"><span id="xdx_F1D_zwR9QAZF7nfh" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Employment taxes have been excluded as these are statutory liabilities.</span></td> </tr></table> <p id="xdx_8A5_zT0kprajEwGh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Cash and cash equivalents</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For cash and cash equivalents, the carrying value is deemed to reflect a reasonable approximation of fair value.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Trade receivables/other receivables/payables</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the receivables and payables with a remaining term of less than one year or on demand balances, the carrying amount less impairment allowances, where appropriate, is a reasonable approximation of fair value.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 0.25in"><b> </b></td> <td style="text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(b)</b></span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Financial risk management</b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group’s operations expose it to various financial risks that include credit risk, liquidity risk and market risk. The Group has a risk management framework in place which seeks to limit the impact of these risks on the financial performance of the Group. It is the policy of the Group to manage these risks in a non-speculative manner.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">This note presents information about the Group’s exposure to each of the above risks and the objectives, policies and processes for measuring and managing the risks. Further quantitative and qualitative disclosures are included throughout this note.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s Board of Directors has overall responsibility for the establishment and oversight of the Group’s risk management framework.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group’s risk management policies are established to identify and analyse the risks faced by the Group, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Group’s activities. The Group, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 0.25in"><b> </b></td> <td style="text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(c)</b></span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Credit risk</b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Exposure to credit risk</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit risk arises from granting credit to customers or others and from investing cash and cash equivalents with banks and financial institutions. The Group have not granted credit to customers to date as the Group has not earned any revenues.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit risk is the risk of financial loss to the Group if a customer or counterparty to a financial instrument fails to meet its contractual obligations and arises principally from the Group’s cash and cash equivalents. The carrying amounts of financial assets represent the maximum credit exposure. There were no impairment losses on financial assets recognised in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Other receivables</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers the factors that may influence the credit risk of its customer base, including the default risk and country in which customers operate.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In monitoring credit risk, receivables are grouped according to their credit characteristics, including their geographic location, industry, trading history with the Group and existence of previous financial difficulties. The Group does not require collateral in respect of its receivables.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At December 31, 2025, the exposure to credit risk for receivables by geographic region was not significant.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Cash and short-term bank deposits</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -1.1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group held cash and cash equivalents of €<span id="xdx_903_eifrs-full--ShorttermDepositsClassifiedAsCashEquivalents_iI_pn5n6_c20251231_zXc6WIVw2HOi" title="Cash and cash equivalents">0.6</span> million at December 31, 2025 (2024: €<span id="xdx_90A_eifrs-full--ShorttermDepositsClassifiedAsCashEquivalents_iI_pn5n6_c20241231_zxVZXBRVZM53" title="Cash and cash equivalents">0.2</span> million). <span id="xdx_904_ecustom--CashAndCashEquivalentsPercentage_dp_c20250101__20251231_zncJRFEWhogj" title="cash and cash equivalents percentage">63</span>% of the cash and cash equivalents are held under our subsidiary QIND. The Group considers that its cash and cash equivalents have low credit risk based on the external credit ratings of the counterparties.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: -1.1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 0.25in"><b> </b></td> <td style="text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(d)</b></span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Liquidity risk</b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liquidity risk is the risk that the Group will encounter difficulty in meeting its financial obligations as they fall due. The Group’s approach to managing liquidity is to ensure that it will have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable costs or risking damage to the Group’s reputation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Contractual maturities</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following are the expected contractual maturities of the Group’s financial liabilities, including estimated interest payments.</span></p> <p id="xdx_89F_ecustom--MaturityAnalysisForDerivativeFinancialLiabilitiesTableTextBlock_z19QwvUBNQZg" style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BC_zXbMZKQGwzXk" style="display: none">schedule of expected contractual maturities</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="display: none; vertical-align: bottom"> <td style="display: none"> </td><td style="display: none; font-weight: bold"> </td> <td colspan="2" id="xdx_484_ecustom--FinancialLiabilitiesCarryingAmount_iI_pn3n3_zY6zrcNcbUTc" style="display: none; font-weight: bold; text-align: right"><span id="xdx_91B_ecustom--FinancialLiabilitiesCarryingAmount_zwuN2PXYJfbj">Carrying amount</span></td><td style="display: none; font-weight: bold"> </td><td style="display: none; font-weight: bold"> </td> <td colspan="2" id="xdx_48D_ecustom--FinancialLiabilitiesContractualCashFlows_iI_pn3n3_zP47xGTOu6c" style="display: none; font-weight: bold; text-align: right"><span id="xdx_91C_ecustom--FinancialLiabilitiesContractualCashFlows_zUK4AgGiwRjc">Contractual cash flows</span></td><td style="display: none; font-weight: bold"> </td><td style="display: none; font-weight: bold"> </td> <td colspan="2" id="xdx_487_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_pn3n3_zzeemCIQPXli" style="display: none; font-weight: bold; text-align: right"><span id="xdx_91D_eifrs-full--CurrentDerivativeFinancialLiabilities_ztdUj3CDd4Fd">Derivative financial instruments</span></td><td style="display: none; font-weight: bold"> </td><td style="display: none; font-weight: bold"> </td> <td colspan="2" id="xdx_482_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_pn3n3_hifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zEcHuKJkjKql" style="display: none; font-weight: bold; text-align: right">1 – 2 years</td><td style="display: none; font-weight: bold"> </td><td style="display: none; font-weight: bold"> </td> <td colspan="2" id="xdx_48C_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_pn3n3_hifrs-full--MaturityAxis__custom--LaterThanTwoYearAndNotLaterThanThreeYearsMember_zGXvRHT6g7x1" style="display: none; font-weight: bold; text-align: right">2 – 5 years</td><td style="display: none; font-weight: bold"> </td><td style="display: none; font-weight: bold"> </td> <td colspan="2" id="xdx_48B_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_pn3n3_hifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_z8g4ZqBgDNAc" style="display: none; font-weight: bold; text-align: right">More than 5 years</td><td style="display: none; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Carrying amount</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Contractual cash flows</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Less than one year</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">1 – 2 years</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">2 – 5 years</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">More than 5 years</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_41E_20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zlVoulAHmQWd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Derivatives: Warrants<span id="xdx_F4E_zXCiLUdLSon">*</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3938">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3939">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3940">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3941">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3942">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3943">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_417_20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_z6HbfIHcD92j" style="vertical-align: bottom; background-color: White"> <td style="width: 40%; text-align: left">Trade payables</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">1,375</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">1,375</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">1,375</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3947">-</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3948">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3949">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_417_20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedToRelatedPartiesMember_zIfdFsK8BSe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amounts owed to related parties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3950">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3951">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3952">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3953">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3954">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3955">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_416_20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zLRGfkZVcmG5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loans and borrowings</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,757</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,757</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,757</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3959">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3960">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3961">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_415_20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_zQlBghqrR1Bd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other payables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,038</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,038</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,038</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3965">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3966">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3967">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_418_20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--LeaseLiabilitiesMember_zO2OwJSkGVr3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">440</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">497</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">195</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">302</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3972">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3973">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_419_20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--ConvertibleInstrumentsMember_zUqns0tWLDfh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Derivatives: Convertible notes<span id="xdx_F4C_z1E6qw66hEnl">*</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">181</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">181</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3976">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">181</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3978">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3979">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_ecustom--FinancialLiabilitiesCarryingAmount_iI_c20251231_zxUG8OQYfX66" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,791</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98B_ecustom--FinancialLiabilitiesContractualCashFlows_iI_c20251231_zZaQqr5rhs6e" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,848</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zqwspy181cBj" style="border-bottom: Black 1pt solid; text-align: right">10,365</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zZu3StmprUzj" style="border-bottom: Black 1pt solid; text-align: right">483</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_980_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20251231__ifrs-full--MaturityAxis__custom--LaterThanTwoYearAndNotLaterThanThreeYearsMember_zPQztsnJ6vwk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3984">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_988_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zBtPOJJ6L17j" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3985">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: left">2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_41A_20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zfOxAYW0RXK5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Derivatives: Warrants<span id="xdx_F4A_z65wcT9GOg9g">*</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">177</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3987">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3988">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3989">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3990">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3991">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_412_20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zvC3SKVsz3Pg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade payables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,838</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,838</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,838</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3995">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3996">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3997">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_410_20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedToRelatedPartiesMember_zEqCTanYsC44" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amounts owed to related parties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,086</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,086</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4000">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4001">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4002">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4003">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_41C_20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zJUxm6XDmcKk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loans and borrowings</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,938</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,938</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,938</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4007">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4008">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4009">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_413_20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_zBdPXv2GObMi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other payables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4013">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4014">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4015">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_41D_20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--LeaseLiabilitiesMember_zQQjy7Zqs4S9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">273</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">275</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">119</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">108</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">48</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4021">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_419_20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--ConvertibleInstrumentsMember_zKkLfKmqJ7Qb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Derivatives: Convertible notes<span id="xdx_F41_zEuw8p3KSDKg">*</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">636</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4023">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4024">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4025">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4026">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4027">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_ecustom--FinancialLiabilitiesCarryingAmount_iI_c20241231_zmNi09G1mE4g" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12,394</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_ecustom--FinancialLiabilitiesContractualCashFlows_iI_c20241231_zfmmydCsmFi2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">11,583</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_984_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20241231_z2JrKvhGCsv9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">6,340</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98B_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20241231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zATdDLNykBe5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">108</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20241231__ifrs-full--MaturityAxis__custom--LaterThanTwoYearAndNotLaterThanThreeYearsMember_zFXbnCr33pAb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">48</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20241231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zCATZf9eoum6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl4033">-</span></span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F07_z27HS4EPNT3g" style="width: 35pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="width: 5pt"></td><td style="text-align: justify"><span id="xdx_F15_zCWz8iZlmRzf" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">contractual cash flows for warrants and convertible promissory notes are €nil because both instruments will be settled in shares.</span></td> </tr></table> <p id="xdx_8AA_zzt96y6BA78a" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 0.25in"><b> </b></td> <td style="text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(e)</b></span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Market risk and interest rate risk</b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Market risk is the risk that changes in market prices and indices, such as foreign exchange rates and interest rates, will affect the Group’s income or the value of its holdings of financial instruments. Interest rate risk is not significant to the Group.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 0.25in"><b> </b></td> <td style="text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(f)</b></span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Foreign exchange risk</b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group uses the Euro as its functional currency. Foreign exchange rate risk is the risk that the fair value of Group assets or liabilities, or future expected cash flows will fluctuate because of changes in foreign currency exchange rates. While the Company’s shares are listed in US dollars, the currency of the primary operating environment of the Group for the majority of the year was the Euro, and its exposure to the risk of changes in foreign currency would arise primarily when revenue or expense is denominated in a currency other than the Euro. Through its subsidiary QIND, the company recognised revenue and cost of sales in USD. The Group also acquired a subsidiary in South Africa in October 2025 but trading had not commenced as of 31 December 2025. As of the end of 2025, the Group’s operations have recently become more exposed to the effect of the translation of foreign operations due to its shift in operations into the US. At December 31, 2025, the Company had USD and EUR cash balances of approximately $<span id="xdx_90A_eifrs-full--CashOnHand_iI_pn4n6_uUSD_c20251231_zwJdG3hGTi33" title="Cash in hand">0.53</span> million (2024: $<span id="xdx_90B_eifrs-full--CashOnHand_iI_pn4n6_uUSD_c20241231_zLVdvgB4aK3l" title="Cash in hand">0.23</span> million) and €<span id="xdx_901_eifrs-full--CashOnHand_iI_pn4n6_uEUR_c20251231_zuApczZHv0H4" title="Cash in hand">0.08</span> million (2024: €<span id="xdx_908_eifrs-full--CashOnHand_iI_pn3n6_uEUR_c20241231_zrNPHg3uDReb" title="Cash in hand">0.002</span> million), respectively. A <span id="xdx_901_ecustom--PercentageOfExchangeRate_pid_dp_uPure_c20250101__20251231_zf8HfKgXGVC2" title="Percentage of exchange rate">10</span>% movement in the EUR/USD exchange rate would have resulted in an impact of approximately €<span id="xdx_904_ecustom--ExchangeRateVariances_pn5n6_uEUR_c20250101__20251231_zG5ZLaab1c55" title="Exchange rate">0.1</span> million on the Group’s reported cash position, assuming all other variables remain constant. The Group is also exposed to translation risk on its net investment in QIND, whose functional currency is the US dollar, including the goodwill and fair value adjustments arising on its acquisition. Exchange differences on translation are recognised in other comprehensive income and accumulated in the foreign currency translation reserve (restated – refer to Note 5).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_894_eifrs-full--DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory_zffXGOVPeqMh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following significant exchange rates have been applied during the year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B1_zBhjj5y0xjNa" style="display: none">Schedule of significant exchange rates</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Average rate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Period-end spot rate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic">Euro</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 44%">USD</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eifrs-full--AverageForeignExchangeRate_pid_uPure_c20250101__20251231_zMaGRZFv03dl" style="width: 10%; text-align: right" title="Average rate">1.132</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eifrs-full--AverageForeignExchangeRate_pid_uPure_c20240101__20241231_z0Q1oGURVBB7" style="width: 10%; text-align: right" title="Average rate">1.039</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eifrs-full--ClosingForeignExchangeRate_iI_pid_uPure_c20251231_zMGpbOABtkP" style="width: 10%; text-align: right" title="Period-end spot rate">1.174</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--ClosingForeignExchangeRate_iI_pid_uPure_c20241231_zQFJCqYs8fai" style="width: 10%; text-align: right" title="Period-end spot rate">1.084</td><td style="width: 1%; text-align: left"> </td></tr> </table> <p id="xdx_8A2_z8HJTOUOjB95" style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Capital Management</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group’s policy is to maintain a strong capital base so as to maintain investor and creditor confidence and to sustain the future development of the business. The board of directors monitors the return on capital.</span></p> 181000 <p id="xdx_89B_eifrs-full--DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesExplanatory_zxZBFjceS3X8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B3_zwbC9WTqN3g8" style="display: none">Schedule of unobservable inputs in fair value measurement within level 3</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="display: none"> </span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="14" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Carrying value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="14" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Cash and receivables</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Liabilities</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Equity</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Total carrying amount</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Level 1</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Level 2</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Level 3</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%; text-align: left">Cash and cash equivalents</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_z4BCt3Mw8Muk" style="width: 5%; text-align: right">575</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zkzWw9OtKGLg" style="width: 5%; text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3669">-</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zykWxjqUJ70e" style="width: 5%; text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3670">-</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zOn2aBRCdXP7" style="width: 5%; text-align: right">575</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zLco01DFukX6" style="width: 5%; text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3673">-</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_z1NvuTPA4efd" style="width: 5%; text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3675">-</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zxPbuG6lWRnc" style="width: 5%; text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3677">-</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zj3Sug4zUxo5" style="width: 5%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3678">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade receivables</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zyAa0h0MNxVf" style="text-align: right">4,774</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_z58cn75Hn9B5" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3680">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zIWMNKeLtCY5" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3681">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zU27k5aXlj5b" style="text-align: right">4,774</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zWKkbekjN7a3" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3684">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zSlsuOozkNh3" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3686">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zGtBCp7cAmpe" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3688">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zWOIXx7dPv8j" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3689">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other receivables*</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zHuSwSbkRXAi" style="text-align: right">229</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zbd9uzcn2tyb" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3691">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zJYGVSD6dnZ8" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3692">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____ziX6VoTDiGfk" style="text-align: right">229</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_fKg_____zVaoUw7NRZ37" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3695">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_fKg_____zh7r5cppk5O4" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3697">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_fKg_____zmBvVI7sDo48" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3699">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zkJE4NQUBXDk" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3700">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade payables</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zRb4KZCQ2H36" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3701">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zuStCesicuSg" style="text-align: right">1,375</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zznIIOWplG4j" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3703">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zP7tIJ8v2v7h" style="text-align: right">1,375</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zYbUjLUHlfQ3" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3706">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zej16OoORaOc" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3708">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zAePzuRgl0sc" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3710">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zrEHlp5mXnpk" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3711">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Warrants</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_z75dpHBqn74" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3712">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zlGLi669H0Xe" style="text-align: right">0</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zUcglBiIUAVb" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3714">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zVXzI5G9KFab" style="text-align: right">0</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_z7zEYyz6lgmj" style="text-align: right" title="Total Fair value">0</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_z5gUgig89y6k" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3719">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zMYOtuxgYqE9" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3721">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zDJyNY1wGtYk" style="text-align: right">0</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amounts owed to related parties</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_z7jv0Am1MWU7" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3723">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_zB4zuPJZJmr4" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3724">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_z2ZLQ1DEHWZ4" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3725">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_zIgHsHdbFp9b" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3726">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zfP9yfkANNNl" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3728">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zaNpZZRHZhva" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3730">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zPMsR3qGDXXb" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3732">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_zvTKgPhlpR5f" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3733">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loans and borrowings</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zWvQT60bgIH1" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3734">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zZHd2TsuVH89" style="text-align: right">1,757</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zH3jkGY20tY2" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3736">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zYVmWoLgrVQ6" style="text-align: right">1,757</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zZZQr1Xek6Yc" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3739">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zouhEbolSeM8" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3741">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_z7ujyKz1xsya" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3743">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zBv6pJObTMDd" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3744">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other payables**</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zGRa6Uf4g1x1" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3745">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zYo0cIswV6s7" style="text-align: right">7,038</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zoS2HPLgYvO4" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3747">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zihjPgQ72wR4" style="text-align: right">7,038</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_fKio___za3knMDyNXig" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3750">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_fKio___z3WzrneQ2sx" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3752">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_fKio___zG3dVitaKfB9" style="text-align: right" title="Total Fair value"><span style="display: none; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3754">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zjfh94p5Pw16" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3755">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Derivative liabilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_z9w1MIg0sin3" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3756">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zEWUEzUivbed" style="text-align: right">181</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zZ7PmbubCMXh" style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3758">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zZybcoK6EiX" style="text-align: right">181</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zWm9IcFZyvyd" style="text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3761">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zCstwIbFPLCf" style="text-align: right" title="Total Fair value">181</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zcAiaQ3fUwjb" style="text-align: right" title="Total Fair value"><span style="display: none; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3765">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zacutO2xBc1h" style="text-align: right">181</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other equity reserve</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember_zc5DL7prLgoh" style="border-bottom: Black 1pt solid; text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3767">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember_ztn9h5pH428i" style="border-bottom: Black 1pt solid; text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3768">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember_z2EdzNmWgjQ" style="border-bottom: Black 1pt solid; text-align: right">4,995</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember_zbJ4D74JuZK3" style="border-bottom: Black 1pt solid; text-align: right">4,995</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zYaTkhVkkbDe" style="border-bottom: Black 1pt solid; text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3772">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zBHKtNpUwKl3" style="border-bottom: Black 1pt solid; text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3774">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zuR1WQZnPs5b" style="border-bottom: Black 1pt solid; text-align: right" title="Total Fair value"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3776">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherEquityReserveMember_zMOBmMZhMCra" style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3777">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98D_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20251231_zvA4mEhGvWQ2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">5,579</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_984_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20251231_zry5rX65Mvi1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,351</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_ecustom--EquityCarryingAmount_iI_pn3n3_c20251231_zVdYFLjtnnMc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,995</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_987_ecustom--TotalCarryingAmount_iI_pn3n3_c20251231_zRcWAc5dl24b" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">20,925</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zyQcT8zVAlp4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total Fair value">0</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zf2e6iVx23N9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total Fair value">181</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zD3JGI9AEvTl" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3787">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20251231_zAQ5PGwbtOL9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">181</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: right">2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Cash and cash equivalents</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_z3Md2EnHODJ7" style="text-align: right">214</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zjVOA5BH54G4" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3790">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_z9C3HlKlVxoj" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3791">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zmeCC8oTTh6l" style="text-align: right">214</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zsYr6IFa5XQ" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3794">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zsA4V4vd1RCe" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3796">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zxSGf7QFeisd" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3798">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--CashAndCashEquivalentMember_zqxfBCMUuSZg" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3799">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade receivables</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zC95VqhZjx1f" style="text-align: right">2,958</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zsU7YYJq9V5f" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3801">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zzfOyFno64y" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3802">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_zUZGs1GoZ034" style="text-align: right">2,958</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zIy1447arta3" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3805">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_z4rYQ9xfl4gj" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3807">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zO7NgjgiBr9a" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3809">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--TradeReceivablesMember_z7m99YgCk9w7" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3810">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other receivables*</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zXxNVIbjzUQb" style="text-align: right">48</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zQq7Wr84xeO1" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3812">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zeULK7SRdaEi" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3813">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zCQyJq2fSJZe" style="text-align: right">48</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_fKg_____zXMbjMUeBLP2" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3816">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_fKg_____zZFEzgxePoK8" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3818">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_fKg_____zNXRXmCbzKI5" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3820">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherReceivablesMember_fKg_____zREdrDwAb7kl" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3821">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade payables</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zopFNplsnzp5" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3822">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zugAnEnvsgmj" style="text-align: right">2,838</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zBLezbj0mi61" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3824">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zl9sHbYSvIQi" style="text-align: right">2,838</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zgiuu4DXhcQ7" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3827">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zU2LaIzg93hh" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3829">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zTUswRNGlEW2" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3831">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zXwbxxSHpqca" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3832">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Warrants</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zcJkVXQs0hpg" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3833">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zui0XzLSGBoe" style="text-align: right">177</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zs7Noe48IMEc" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3835">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zQQKGQv4Pak9" style="text-align: right">177</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_z1UAuU2aECp3" style="text-align: right" title="Total Fair value">177</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zgqIGDNvbif8" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3840">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zrs5FQbCw5ia" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3842">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zy71cLqhqElh" style="text-align: right">177</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amounts owed to related parties</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_zAA8nylyByxd" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3844">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_znv95DtzFeI4" style="text-align: right">5,086</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_zyjDNQUjbAI" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3846">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_ztbbWMgw3475" style="text-align: right">5,086</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_z32bu2D6HdZf" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3849">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zdmIebivW3a1" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3851">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_ztbzOhOETGQd" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3853">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedTorRelatedPartiesMember_zBWPPyctWzt3" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3854">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Loans and borrowings</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zAFb0eu9CLZ3" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3855">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zbz2FgOdbTXb" style="text-align: right">1,938</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_z2mWiJVSvaz7" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3857">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zQRPZEP3aro" style="text-align: right">1,938</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zvfNcdnquwgk" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3860">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zEkUdhfPKHFf" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3862">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zJlUdVxf2yn2" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3864">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_z4MwPdqwofQj" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3865">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other payables**</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zPQMOmIcvbze" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3866">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zDPkQUQdvmCh" style="text-align: right">1,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___z5l2k71i4DKi" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3868">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___ztFLv9T1EHn1" style="text-align: right">1,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_fKio___ziZ65Wxsz8me" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3871">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_fKio___zWwMNBukk1P7" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3873">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_fKio___zL5Yew1ovHRj" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3875">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_fKio___zFt0JqObSeX7" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3876">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Derivative liabilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zXoy7QJDoC06" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3877">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zNfBhrx0hyb7" style="text-align: right">870</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zLrV3Y8SuKA5" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3879">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zvPbb2t7hpzd" style="text-align: right">870</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zZbTV84JzVTl" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3882">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_z1E1bFgXlpb8" style="text-align: right" title="Total Fair value">870</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zoHGz45sUdyl" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3886">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--DerivativeLiabilitiesMember_zhk7MGehGzp4" style="text-align: right">870</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Service related warrants</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember_zn4kkqN3ezxj" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3888">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember_zkpqTXlCbNWc" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3889">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember_zQvXf2vkINMg" style="text-align: right">217</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember_zwRXKRwisJ91" style="text-align: right">217</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zKarGCbqGxSh" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3893">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zdNxdskAUjzk" style="text-align: right" title="Total Fair value">217</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_z75ykevVWvN7" style="text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3897">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ServiceRelatedWarrantsMember_z1sqJheGePbi" style="text-align: right">217</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Convertible note reserve</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember_zQ8Bvpt1a5c5" style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3899">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember_zKTfIeumjysc" style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3900">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember_zMxNuNE8CCf1" style="border-bottom: Black 1pt solid; text-align: right">24</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember_zM3CsVATDtCe" style="border-bottom: Black 1pt solid; text-align: right">24</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zUJFS7WcIJ7c" style="border-bottom: Black 1pt solid; text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3904">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zSW3Jimrcsz3" style="border-bottom: Black 1pt solid; text-align: right" title="Total Fair value">24</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zBXnz7Ytfouj" style="border-bottom: Black 1pt solid; text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3908">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--ClassesOfAssetsAxis__custom--ConvertibleNoteReserveMember_zv3I74mhNmwk" style="border-bottom: Black 1pt solid; text-align: right">24</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98F_ecustom--CashAndReceivablesCarryingAmount_iI_pn3n3_c20241231_zRyu1Aq8uU54" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Cash and receivables, carrying amount">3,220</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_ecustom--LiabilitiesCarryingAmount_iI_pn3n3_c20241231_zPKIvqHmKT46" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Liabilities, carrying amount">11,909</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_ecustom--EquityCarryingAmount_iI_pn3n3_c20241231_z6Y0wfITOcE4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Equity, carrying amount">241</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_986_ecustom--TotalCarryingAmount_iI_pn3n3_c20241231_zfuyYmRT7Wc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Equity, carrying amount">15,370</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_986_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zDSG92CLUryl" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total Fair value">177</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_984_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zw7K7Sd8NVS6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total Fair value">1,111</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zm0RgwGJ5uB7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total Fair value"><span style="-sec-ix-hidden: xdx2ixbrl3923">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--FinancialLiabilitiesAtFairValue_iI_pn3n3_c20241231_znhPIhSKdsca" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,288</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0F_zjfscJCC5Ng9" style="width: 35pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="width: 5pt"></td><td style="text-align: justify"><span id="xdx_F1C_zQbbAAHfNRMg" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepayments and VAT have been excluded as they are not classified as a financial asset.</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 35pt; text-align: right"><span id="xdx_F01_zVh6QlIRRpj" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">**</span></td><td style="width: 5pt"></td><td style="text-align: justify"><span id="xdx_F1D_zwR9QAZF7nfh" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Employment taxes have been excluded as these are statutory liabilities.</span></td> </tr></table> 575000 575000 4774000 4774000 229000 229000 1375000 1375000 0 0 0 0 1757000 1757000 7038000 7038000 181000 181000 181000 181000 4995000 4995000 5579000 10351000 4995000 20925000 0 181000 181000 214000 214000 2958000 2958000 48000 48000 2838000 2838000 177000 177000 177000 177000 5086000 5086000 1938000 1938000 1000000 1000000 870000 870000 870000 870000 217000 217000 217000 217000 24000 24000 24000 24000 3220000 11909000 241000 15370000 177000 1111000 1288000 600000 200000 0.63 <p id="xdx_89F_ecustom--MaturityAnalysisForDerivativeFinancialLiabilitiesTableTextBlock_z19QwvUBNQZg" style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BC_zXbMZKQGwzXk" style="display: none">schedule of expected contractual maturities</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="display: none; vertical-align: bottom"> <td style="display: none"> </td><td style="display: none; font-weight: bold"> </td> <td colspan="2" id="xdx_484_ecustom--FinancialLiabilitiesCarryingAmount_iI_pn3n3_zY6zrcNcbUTc" style="display: none; font-weight: bold; text-align: right"><span id="xdx_91B_ecustom--FinancialLiabilitiesCarryingAmount_zwuN2PXYJfbj">Carrying amount</span></td><td style="display: none; font-weight: bold"> </td><td style="display: none; font-weight: bold"> </td> <td colspan="2" id="xdx_48D_ecustom--FinancialLiabilitiesContractualCashFlows_iI_pn3n3_zP47xGTOu6c" style="display: none; font-weight: bold; text-align: right"><span id="xdx_91C_ecustom--FinancialLiabilitiesContractualCashFlows_zUK4AgGiwRjc">Contractual cash flows</span></td><td style="display: none; font-weight: bold"> </td><td style="display: none; font-weight: bold"> </td> <td colspan="2" id="xdx_487_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_pn3n3_zzeemCIQPXli" style="display: none; font-weight: bold; text-align: right"><span id="xdx_91D_eifrs-full--CurrentDerivativeFinancialLiabilities_ztdUj3CDd4Fd">Derivative financial instruments</span></td><td style="display: none; font-weight: bold"> </td><td style="display: none; font-weight: bold"> </td> <td colspan="2" id="xdx_482_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_pn3n3_hifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zEcHuKJkjKql" style="display: none; font-weight: bold; text-align: right">1 – 2 years</td><td style="display: none; font-weight: bold"> </td><td style="display: none; font-weight: bold"> </td> <td colspan="2" id="xdx_48C_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_pn3n3_hifrs-full--MaturityAxis__custom--LaterThanTwoYearAndNotLaterThanThreeYearsMember_zGXvRHT6g7x1" style="display: none; font-weight: bold; text-align: right">2 – 5 years</td><td style="display: none; font-weight: bold"> </td><td style="display: none; font-weight: bold"> </td> <td colspan="2" id="xdx_48B_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_pn3n3_hifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_z8g4ZqBgDNAc" style="display: none; font-weight: bold; text-align: right">More than 5 years</td><td style="display: none; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Carrying amount</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Contractual cash flows</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">Less than one year</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">1 – 2 years</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">2 – 5 years</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right">More than 5 years</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_41E_20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zlVoulAHmQWd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Derivatives: Warrants<span id="xdx_F4E_zXCiLUdLSon">*</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3938">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3939">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3940">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3941">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3942">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3943">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_417_20251231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_z6HbfIHcD92j" style="vertical-align: bottom; background-color: White"> <td style="width: 40%; text-align: left">Trade payables</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">1,375</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">1,375</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">1,375</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3947">-</span></span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3948">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3949">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_417_20251231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedToRelatedPartiesMember_zIfdFsK8BSe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amounts owed to related parties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3950">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3951">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3952">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3953">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3954">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3955">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_416_20251231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zLRGfkZVcmG5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loans and borrowings</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,757</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,757</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,757</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3959">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3960">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3961">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_415_20251231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_zQlBghqrR1Bd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other payables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,038</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,038</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,038</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl3965">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3966">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3967">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_418_20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--LeaseLiabilitiesMember_zO2OwJSkGVr3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">440</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">497</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">195</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">302</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3972">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3973">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_419_20251231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--ConvertibleInstrumentsMember_zUqns0tWLDfh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Derivatives: Convertible notes<span id="xdx_F4C_z1E6qw66hEnl">*</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">181</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">181</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3976">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">181</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3978">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3979">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_ecustom--FinancialLiabilitiesCarryingAmount_iI_c20251231_zxUG8OQYfX66" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,791</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98B_ecustom--FinancialLiabilitiesContractualCashFlows_iI_c20251231_zZaQqr5rhs6e" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,848</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20251231__ifrs-full--MaturityAxis__ifrs-full--NotLaterThanOneYearMember_zqwspy181cBj" style="border-bottom: Black 1pt solid; text-align: right">10,365</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zZu3StmprUzj" style="border-bottom: Black 1pt solid; text-align: right">483</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_980_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20251231__ifrs-full--MaturityAxis__custom--LaterThanTwoYearAndNotLaterThanThreeYearsMember_zPQztsnJ6vwk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3984">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_988_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20251231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zBtPOJJ6L17j" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3985">-</span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: left">2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_41A_20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--WarrantsMember_zfOxAYW0RXK5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Derivatives: Warrants<span id="xdx_F4A_z65wcT9GOg9g">*</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">177</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3987">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3988">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3989">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3990">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3991">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_412_20241231__ifrs-full--ClassesOfAssetsAxis__custom--TradePayablesMember_zvC3SKVsz3Pg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade payables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,838</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,838</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,838</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3995">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3996">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl3997">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_410_20241231__ifrs-full--ClassesOfAssetsAxis__custom--AmountsOwedToRelatedPartiesMember_zEqCTanYsC44" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amounts owed to related parties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,086</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,086</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4000">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4001">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4002">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4003">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_41C_20241231__ifrs-full--ClassesOfAssetsAxis__custom--LoansAndBorrowingsMember_zJUxm6XDmcKk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loans and borrowings</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,938</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,938</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,938</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4007">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4008">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4009">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_413_20241231__ifrs-full--ClassesOfAssetsAxis__custom--OtherPayablesMember_zBdPXv2GObMi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Other payables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4013">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4014">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4015">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_41D_20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--LeaseLiabilitiesMember_zQQjy7Zqs4S9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">273</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">275</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">119</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">108</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">48</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4021">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_419_20241231__ifrs-full--ClassesOfAssetsAxis__ifrs-full--ConvertibleInstrumentsMember_zKkLfKmqJ7Qb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Derivatives: Convertible notes<span id="xdx_F41_zEuw8p3KSDKg">*</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">636</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4023">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4024">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4025">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4026">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4027">-</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1pt">Total</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_989_ecustom--FinancialLiabilitiesCarryingAmount_iI_c20241231_zmNi09G1mE4g" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">12,394</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_ecustom--FinancialLiabilitiesContractualCashFlows_iI_c20241231_zfmmydCsmFi2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">11,583</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_984_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20241231_z2JrKvhGCsv9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">6,340</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98B_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20241231__ifrs-full--MaturityAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zATdDLNykBe5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">108</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20241231__ifrs-full--MaturityAxis__custom--LaterThanTwoYearAndNotLaterThanThreeYearsMember_zFXbnCr33pAb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">48</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eifrs-full--CurrentDerivativeFinancialLiabilities_iI_c20241231__ifrs-full--MaturityAxis__ifrs-full--LaterThanFiveYearsMember_zCATZf9eoum6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl4033">-</span></span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F07_z27HS4EPNT3g" style="width: 35pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="width: 5pt"></td><td style="text-align: justify"><span id="xdx_F15_zCWz8iZlmRzf" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">contractual cash flows for warrants and convertible promissory notes are €nil because both instruments will be settled in shares.</span></td> </tr></table> 1375000 1375000 1375000 1757000 1757000 1757000 7038000 7038000 7038000 440000 497000 195000 302000 181000 181000 181000 10791000 10848000 10365000 483000 177000 2838000 2838000 2838000 5086000 5086000 1938000 1938000 1938000 1000000 1000000 1000000 273000 275000 119000 108000 48000 636000 12394000 11583000 6340000 108000 48000 530000 230000 80000.00 2000.000 0.10 100000 <p id="xdx_894_eifrs-full--DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory_zffXGOVPeqMh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following significant exchange rates have been applied during the year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B1_zBhjj5y0xjNa" style="display: none">Schedule of significant exchange rates</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Average rate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Period-end spot rate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic">Euro</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 44%">USD</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eifrs-full--AverageForeignExchangeRate_pid_uPure_c20250101__20251231_zMaGRZFv03dl" style="width: 10%; text-align: right" title="Average rate">1.132</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eifrs-full--AverageForeignExchangeRate_pid_uPure_c20240101__20241231_z0Q1oGURVBB7" style="width: 10%; text-align: right" title="Average rate">1.039</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eifrs-full--ClosingForeignExchangeRate_iI_pid_uPure_c20251231_zMGpbOABtkP" style="width: 10%; text-align: right" title="Period-end spot rate">1.174</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--ClosingForeignExchangeRate_iI_pid_uPure_c20241231_zQFJCqYs8fai" style="width: 10%; text-align: right" title="Period-end spot rate">1.084</td><td style="width: 1%; text-align: left"> </td></tr> </table> 1.132 1.039 1.174 1.084 <p id="xdx_808_eifrs-full--DisclosureOfEarningsPerShareExplanatory_zyDDDCpYjsgc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>28.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_821_zHMKJDL9ubwb">Loss per share</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The share and per share information in this note have been adjusted to give effect to the one-for-thirty-five (1-for-35) reverse share split of the Class A Ordinary Shares, which became legally effective at 5:00 PM Eastern Time on July 11, 2025. Accordingly, the weighted average number of ordinary shares used in the basic and diluted loss per share calculations for all periods presented reflects this reverse share split.</p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Basic earnings/(loss) per share is calculated by dividing the loss for the year attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Diluted earnings/(loss) per share is calculated by dividing the loss attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year, adjusted for the weighted average number of Class A ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into Class A ordinary shares. For the years ended 31 December 2025 and 2024, the diluted loss per share equals the basic loss per share, as the effects of all potentially dilutive securities are anti-dilutive in a loss-making period and have therefore been excluded from the calculation in accordance with IAS 33.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_891_eifrs-full--EarningsPerShareExplanatory_zJfj81mteqia" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table reconciles the numerators and denominators used in the basic and diluted loss per share calculations:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BA_zv0Ebcy7Q8jg" style="display: none">Schedule of loss per share</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250101__20251231__srt--RestatementAxis__ifrs-full--RestatedMember_zf4U0lsCxCol" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025 (restated)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20240101__20241231_zo1OEy8fFZd2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20230101__20231231_zAibP1oKp5Wb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40A_eifrs-full--ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntity_pn3n3_zcI9z6iSPap4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left; padding-bottom: 1pt">Loss attributable to ordinary equity holders of the parent (€000)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 14%; text-align: right">(4,106</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 14%; text-align: right">(15,333</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 14%; text-align: right">(31,016</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-style: italic">Number of ordinary shares used for loss per share (weighted average)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--WeightedAverageShares_pid_zF6NTQLvG5Te" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Basic</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,335,722</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">527,882</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">418,545</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--AdjustedWeightedAverageShares_pid_zXW4jY1IVf0h" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Diluted</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,335,722</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">527,882</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">418,545</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--BasicEarningsLossPerShare_pid_zhqaPn5qKCO9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Basic (loss)/ earnings per ordinary share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3.07</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(29.05</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(74.11</td><td style="text-align: left">)</td></tr> <tr id="xdx_409_eifrs-full--DilutedEarningsLossPerShare_pid_zqkPHifjTgcd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Diluted (loss)/ earnings per ordinary share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3.07</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(29.05</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(74.11</td><td style="text-align: left">)</td></tr> </table> <p id="xdx_8AB_z1stAaiv0Jrb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Because the Group was loss-making for the years ended 31 December 2025 and 2024, the following potential ordinary shares have been excluded from the calculation of diluted weighted average ordinary shares as their inclusion would be anti-dilutive:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_898_eifrs-full--DisclosureOfInstrumentsWithPotentialFutureDilutiveEffectNotIncludedInCalculationOfDilutedEarningsPerShareExplanatory2023_z9bGogH0g5ed" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BE_zEC4mlF70Zre" style="display: none">Schedule of diluted weighted average number of ordinary shares</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 75%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Warrants</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--WarrantsMember_z8oX0HrmRYJa" style="width: 16%; font-weight: bold; text-align: right" title="Anti-dilutive shares">3,000,360</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--WarrantsMember_zlpdXHmqpVQ4" style="width: 16%; text-align: right" title="Anti-dilutive shares">267,061</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">RSUs - outstanding</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__custom--RSUOutstandingMember_zRnZpQKP60Jj" style="font-weight: bold; text-align: right" title="Anti-dilutive shares">102</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__custom--RSUOutstandingMember_zP03KfEgjEqk" style="text-align: right" title="Anti-dilutive shares">273</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">RSUs - vested but no ordinary shares issued</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__custom--RsusVestedMember_zl23zbhMV584" style="font-weight: bold; text-align: right" title="Anti-dilutive shares">200,135</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__custom--RsusVestedMember_zKVf2ePPL7k7" style="text-align: right" title="Anti-dilutive shares">5,558</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Incentive shares</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__custom--IncentiveSharesMember_zaRZSVq4VQ27" style="font-weight: bold; text-align: right" title="Anti-dilutive shares">143</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__custom--IncentiveSharesMember_z298bfqjqJ5e" style="text-align: right" title="Anti-dilutive shares">143</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Share options</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--ShareOptionsMember_zRps0LNGnfof" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Anti-dilutive shares">583,812</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--ShareOptionsMember_zaLzqpxYy4qh" style="border-bottom: Black 1pt solid; text-align: right" title="Anti-dilutive shares">55,307</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A7_zKZfTN7UAkS4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These instruments could potentially dilute basic earnings per share in future periods.</span></p> <p id="xdx_891_eifrs-full--EarningsPerShareExplanatory_zJfj81mteqia" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table reconciles the numerators and denominators used in the basic and diluted loss per share calculations:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BA_zv0Ebcy7Q8jg" style="display: none">Schedule of loss per share</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250101__20251231__srt--RestatementAxis__ifrs-full--RestatedMember_zf4U0lsCxCol" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025 (restated)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20240101__20241231_zo1OEy8fFZd2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20230101__20231231_zAibP1oKp5Wb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40A_eifrs-full--ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntity_pn3n3_zcI9z6iSPap4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left; padding-bottom: 1pt">Loss attributable to ordinary equity holders of the parent (€000)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 14%; text-align: right">(4,106</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 14%; text-align: right">(15,333</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 14%; text-align: right">(31,016</td><td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-style: italic">Number of ordinary shares used for loss per share (weighted average)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--WeightedAverageShares_pid_zF6NTQLvG5Te" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Basic</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,335,722</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">527,882</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">418,545</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--AdjustedWeightedAverageShares_pid_zXW4jY1IVf0h" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Diluted</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,335,722</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">527,882</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">418,545</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--BasicEarningsLossPerShare_pid_zhqaPn5qKCO9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Basic (loss)/ earnings per ordinary share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3.07</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(29.05</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(74.11</td><td style="text-align: left">)</td></tr> <tr id="xdx_409_eifrs-full--DilutedEarningsLossPerShare_pid_zqkPHifjTgcd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Diluted (loss)/ earnings per ordinary share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3.07</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(29.05</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(74.11</td><td style="text-align: left">)</td></tr> </table> -4106000 -15333000 -31016000 1335722 527882 418545 1335722 527882 418545 -3.07 -29.05 -74.11 -3.07 -29.05 -74.11 <p id="xdx_898_eifrs-full--DisclosureOfInstrumentsWithPotentialFutureDilutiveEffectNotIncludedInCalculationOfDilutedEarningsPerShareExplanatory2023_z9bGogH0g5ed" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BE_zEC4mlF70Zre" style="display: none">Schedule of diluted weighted average number of ordinary shares</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 75%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Warrants</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--WarrantsMember_z8oX0HrmRYJa" style="width: 16%; font-weight: bold; text-align: right" title="Anti-dilutive shares">3,000,360</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--WarrantsMember_zlpdXHmqpVQ4" style="width: 16%; text-align: right" title="Anti-dilutive shares">267,061</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">RSUs - outstanding</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__custom--RSUOutstandingMember_zRnZpQKP60Jj" style="font-weight: bold; text-align: right" title="Anti-dilutive shares">102</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__custom--RSUOutstandingMember_zP03KfEgjEqk" style="text-align: right" title="Anti-dilutive shares">273</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">RSUs - vested but no ordinary shares issued</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__custom--RsusVestedMember_zl23zbhMV584" style="font-weight: bold; text-align: right" title="Anti-dilutive shares">200,135</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__custom--RsusVestedMember_zKVf2ePPL7k7" style="text-align: right" title="Anti-dilutive shares">5,558</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Incentive shares</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__custom--IncentiveSharesMember_zaRZSVq4VQ27" style="font-weight: bold; text-align: right" title="Anti-dilutive shares">143</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__custom--IncentiveSharesMember_z298bfqjqJ5e" style="text-align: right" title="Anti-dilutive shares">143</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Share options</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20250101__20251231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--ShareOptionsMember_zRps0LNGnfof" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Anti-dilutive shares">583,812</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_pid_c20240101__20241231__ifrs-full--TypesOfAntidilutiveInstrumentsAxis__ifrs-full--ShareOptionsMember_zaLzqpxYy4qh" style="border-bottom: Black 1pt solid; text-align: right" title="Anti-dilutive shares">55,307</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> 3000360 267061 102 273 200135 5558 143 143 583812 55307 <p id="xdx_800_eifrs-full--DisclosureOfRelatedPartyExplanatory_zh45JG1eg6D7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>29.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82B_zlW94LIn5SKi">Related parties</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">U</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">nder IAS 24 Related Party Disclosures (“IAS 24”), the Group has various related parties stemming from relationships with subsidiaries, joint ventures, key management personnel, the founders of the previous Fusion Fuel Portugal entity and other related parties.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Subsidiaries</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A list of the Groups subsidiaries is disclosed in note 32. All transactions with subsidiaries eliminate on consolidation and are not presented, in accordance with revised IAS 24.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Key management personnel</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(a)</i></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Compensation</i></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 40.5pt; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The key management personnel at December 31, 2025 are the members of the Group’s Senior Management. There were four members of Senior Management at December 31, 2025 and an average of four members for the full year. The remuneration expense for the key management personnel includes salaries and share-based payments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_895_eifrs-full--DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory_zkhjmnvsaSed" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 40.5pt; text-align: justify"><span id="xdx_8B3_zguClbqB0zSk" style="display: none">schedule of key management personnel</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20250101__20251231_zEZA08eIuQmg" style="font-weight: bold; text-align: center">2025</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_49A_20240101__20241231_zHqK4Rhzyur2" style="text-align: center">2024</td><td> </td><td> </td> <td colspan="2" id="xdx_494_20230101__20231231_zDr9CKqacr76" style="text-align: center">2023</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">€’000</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">€’000</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_403_eifrs-full--KeyManagementPersonnelCompensationTerminationBenefits_pn3n3_maKMPCzohu_zhzr9724NW3k" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">Basic salary<span id="xdx_F40_ztPflHbA3LTk">*</span></td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">757</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">1,081</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">1,453</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--KeyManagementPersonnelCompensationShorttermEmployeeBenefits_pn3n3_maKMPCzohu_ztSbL6hRiu1f" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Short-term employee benefits<span id="xdx_F4E_zqqReAixxeaj">*</span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4112">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">109</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">303</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--KeyManagementPersonnelCompensationBonusBenefits_pn3n3_maKMPCzohu_z6xJh5piXm37" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Discretionary Bonus<span id="xdx_F49_zSgPqhkA2BXk">**</span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">869</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4117">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4118">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--KeyManagementPersonnelCompensationOtherLongtermBenefits_pn3n3_maKMPCzohu_zyXk7YdkR1Ya" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other long-term benefits</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4120">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4121">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">55</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--KeyManagementPersonnelCompensationSharebasedPayment_pn3n3_maKMPCzohu_zPuItQuoBZO7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Share-based compensation</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">941</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,605</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,947</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--KeyManagementPersonnelCompensation_pn3n3_mtKMPCzohu_zOr33P6vI3C" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total Key management personnel compensation</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,567</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,795</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,758</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 35pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i id="xdx_F03_zVhM2GrvQ3xi">*</i></span></td><td style="width: 5pt"></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i id="xdx_F1C_z87TzbsZduo8">This amount includes salaries accrued and not paid at the year end</i></span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 35pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i id="xdx_F0F_znrXSIKm9Ob">**</i></span></td><td style="width: 5pt"></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i id="xdx_F14_zOUYU4P0jyae">This amount was largely granted due to the QIND board of directors’ determination that: (i) Mr. Backwell and other QIND managers’ salaries were significantly below market for their position in 2024, and Mr. Backwell received no salary from QIND during 2023 and previous years.</i></span></td> </tr></table> <p id="xdx_8A5_zZGUaV1O4Sbc" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(b)</i></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Transactions</i></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 40.5pt; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not Applicable</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 27pt; text-align: justify; text-indent: 13.5pt; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Other</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Directors and Officers of the company do not have control of more than <span id="xdx_90D_eifrs-full--ProportionOfVotingPowerHeldInAssociate_pid_dp_uPure_c20250101__20251231_zSIOOD6OKgwf" title="Voting percentage">10</span>% of the voting shares of the company on April 14, 2026, and no Director or Officer controls more than <span id="xdx_903_eifrs-full--ProportionOfVotingPowerHeldInAssociate_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorOrOfficerMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zlEZos0CaNIg" title="Voting percentage">5</span>% of the company. We are not aware of any person or shareholder who directly or indirectly, jointly or severally, exercises or could exercise control over the Group.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Directors and Officers hold a total of <span id="xdx_908_eifrs-full--NumberOfSharesIssued_iI_pid_c20251231__ifrs-full--ClassesOfShareCapitalAxis__custom--ClassAOrdinarySharesMember_zlZ4XYhK6UG7" title="Number of shares issued">314,292</span> issued Class A ordinary shares in the company on a fully diluted basis.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; background-color: white"></p> <p id="xdx_895_eifrs-full--DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory_zkhjmnvsaSed" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 40.5pt; text-align: justify"><span id="xdx_8B3_zguClbqB0zSk" style="display: none">schedule of key management personnel</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20250101__20251231_zEZA08eIuQmg" style="font-weight: bold; text-align: center">2025</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_49A_20240101__20241231_zHqK4Rhzyur2" style="text-align: center">2024</td><td> </td><td> </td> <td colspan="2" id="xdx_494_20230101__20231231_zDr9CKqacr76" style="text-align: center">2023</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">€’000</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">€’000</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">€’000</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_403_eifrs-full--KeyManagementPersonnelCompensationTerminationBenefits_pn3n3_maKMPCzohu_zhzr9724NW3k" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">Basic salary<span id="xdx_F40_ztPflHbA3LTk">*</span></td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">757</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">1,081</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">1,453</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eifrs-full--KeyManagementPersonnelCompensationShorttermEmployeeBenefits_pn3n3_maKMPCzohu_ztSbL6hRiu1f" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Short-term employee benefits<span id="xdx_F4E_zqqReAixxeaj">*</span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4112">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">109</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">303</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--KeyManagementPersonnelCompensationBonusBenefits_pn3n3_maKMPCzohu_z6xJh5piXm37" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Discretionary Bonus<span id="xdx_F49_zSgPqhkA2BXk">**</span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">869</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4117">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4118">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--KeyManagementPersonnelCompensationOtherLongtermBenefits_pn3n3_maKMPCzohu_zyXk7YdkR1Ya" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Other long-term benefits</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4120">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl4121">-</span></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">55</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--KeyManagementPersonnelCompensationSharebasedPayment_pn3n3_maKMPCzohu_zPuItQuoBZO7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Share-based compensation</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">941</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,605</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,947</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--KeyManagementPersonnelCompensation_pn3n3_mtKMPCzohu_zOr33P6vI3C" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total Key management personnel compensation</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,567</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,795</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,758</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 35pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i id="xdx_F03_zVhM2GrvQ3xi">*</i></span></td><td style="width: 5pt"></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i id="xdx_F1C_z87TzbsZduo8">This amount includes salaries accrued and not paid at the year end</i></span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 35pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i id="xdx_F0F_znrXSIKm9Ob">**</i></span></td><td style="width: 5pt"></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i id="xdx_F14_zOUYU4P0jyae">This amount was largely granted due to the QIND board of directors’ determination that: (i) Mr. Backwell and other QIND managers’ salaries were significantly below market for their position in 2024, and Mr. Backwell received no salary from QIND during 2023 and previous years.</i></span></td> </tr></table> 757000 1081000 1453000 109000 303000 869000 55000 941000 1605000 1947000 2567000 2795000 3758000 0.10 0.05 314292 <p id="xdx_800_eifrs-full--DisclosureOfEventsAfterReportingPeriodExplanatory_zejK0KxPovX5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>30.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_823_zIt7B0Miy1Ih">Subsequent events</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following non-adjusting events occurred after the reporting period ended 31 December 2025.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Mineral &amp; Element Advisory Agreements</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif">On February 12, 2026, the Company entered into Mineral &amp; Element Advisory Agreements with three advisors for an initial term of twelve months, renewable by mutual written consent. Under these agreements, the advisors will provide strategic, operational and technical advisory services in connection with potential mineral asset transactions and will introduce prospective counterparties. In consideration, the Company agreed to issue compensation shares on the signing of a qualifying definitive mineral asset transaction with an introduced counterparty, together with additional milestone shares upon the achievement of specified share price targets. Where applicable, pre-funded warrants may be issued in lieu of ordinary shares to address beneficial ownership limitations, and the Company will be required to register the resale of any shares or shares issuable under such warrants.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>February 2026 Securities Purchase Agreement</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 14, 2026, the Company entered into a Securities Purchase Agreement with certain investors pursuant to which it agreed to issue and sell an aggregate of <span id="xdx_90D_eifrs-full--IncreaseDecreaseInNumberOfOrdinarySharesIssued_pid_c20260214__20260214__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--TypesOfContractsAxis__custom--February2026SecuritiesPurchaseAgreementMember_zJpAYTVxACY5" title="Shares issued">577,124</span> Class A Ordinary Shares, pre-funded warrants to purchase <span id="xdx_908_eifrs-full--IncreaseDecreaseInNumberOfOrdinarySharesIssued_pid_c20260214__20260214__ifrs-full--ClassesOfOrdinarySharesAxis__custom--PreFundedWarrantsMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--TypesOfContractsAxis__custom--February2026SecuritiesPurchaseAgreementMember_z5Zdk26Brejf" title="Grant option to purchase ordinary shares">129,005</span> Class A Ordinary Shares, warrants to purchase <span id="xdx_905_eifrs-full--IncreaseDecreaseInNumberOfOrdinarySharesIssued_pid_c20260214__20260214__ifrs-full--ClassesOfOrdinarySharesAxis__ifrs-full--WarrantsMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--TypesOfContractsAxis__custom--February2026SecuritiesPurchaseAgreementMember_zXPpJUksgEFk" title="Shares issued">706,129</span> Class A Ordinary Shares at an exercise price of $<span id="xdx_909_eifrs-full--ParValuePerShare_iI_pid_uUSDPShares_c20260214__ifrs-full--ClassesOfOrdinarySharesAxis__ifrs-full--WarrantsMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--TypesOfContractsAxis__custom--February2026SecuritiesPurchaseAgreementMember_zBZQzD3bSSJc" title="Exercise price">5.148</span> per share, and warrants to purchase <span id="xdx_903_eifrs-full--IncreaseDecreaseInNumberOfOrdinarySharesIssued_pid_c20260214__20260214__ifrs-full--ClassesOfOrdinarySharesAxis__custom--WarrantsTwoMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--TypesOfContractsAxis__custom--February2026SecuritiesPurchaseAgreementMember_zWs8iw8aHbf9" title="Shares issued">706,129</span> Class A Ordinary Shares at an exercise price of $<span id="xdx_902_eifrs-full--ParValuePerShare_iI_pid_uUSDPShares_c20260214__ifrs-full--ClassesOfOrdinarySharesAxis__custom--WarrantsTwoMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--TypesOfContractsAxis__custom--February2026SecuritiesPurchaseAgreementMember_zpFyRjVsB0k3" title="Exercise price">6.864 </span>per share, for aggregate gross proceeds of $<span id="xdx_903_eifrs-full--ProceedsFromIssueOfOrdinaryShares_pn5n6_uUSD_c20260214__20260214__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--TypesOfContractsAxis__custom--February2026SecuritiesPurchaseAgreementMember_ztUDTrENOYqc" title="Proceeds from stock">2.6</span> million. The proceeds are intended for general corporate and working capital purposes. The agreement also includes customary beneficial ownership limitations and registration rights relating to the resale of the issued and issuable securities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Share Exchange Agreement</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif">On February 18, 2026, the Company entered into a Share Exchange Agreement with certain shareholders of Royal Uranium Inc. Pursuant to the agreement, the Company would acquire up to <span id="xdx_90B_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20260218__20260218__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--RoyalUraniumIncMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember_zpCn4E3Rs2U9">100</span></span><span style="font: normal 10pt Times New Roman, Times, Serif">% of the issued and outstanding shares of Royal Uranium in exchange for up to <span id="xdx_90E_eifrs-full--IncreaseDecreaseInNumberOfOrdinarySharesIssued_pid_c20260218__20260218__ifrs-full--ClassesOfOrdinarySharesAxis__custom--ClassAOrdinarySharesMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--TypesOfContractsAxis__custom--ShareExchangeAgreementMember_zWz8BRordbai">3,750,025</span></span> <span style="font: normal 10pt Times New Roman, Times, Serif">Class A Ordinary Shares or, to the extent necessary to remain within agreed beneficial ownership thresholds, pre-funded warrants to subscribe for such shares. The agreement implies a valuation of $<span id="xdx_908_eifrs-full--ShareIssueRelatedCost_pn5n6_c20260218__20260218__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--TypesOfContractsAxis__custom--ShareExchangeAgreementMember_zUjse3dMd4y">15.0</span></span> <span style="font: normal 10pt Times New Roman, Times, Serif">million for Royal Uranium. Completion remains subject to customary conditions, including the required level of Royal Uranium shareholder participation, shareholder approval under the Irish Takeover Rules, and the absence of a material adverse effect.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>Completion of the acquisition of Royal Uranium Inc.</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">On July 21, 2026, the Company completed the acquisition of Royal Uranium Inc. pursuant to the Share Exchange Agreement, as amended by an Amendment Agreement dated June 11, 2026. The shareholders of Royal Uranium transferred all <span id="xdx_900_eifrs-full--NumberOfSharesIssued_iI_pid_c20260721__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--RoyalUraniumIncMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember_ztNvCs8IJTbd" title="Number of shares issued"><span id="xdx_907_eifrs-full--NumberOfSharesOutstanding_iI_pid_c20260721__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--RoyalUraniumIncMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember_zfsP80rxyJB" title="Number of shares outstanding">81,881,029</span></span> issued and outstanding common shares of Royal Uranium to the Company in exchange for <span id="xdx_900_eifrs-full--NumberOfSharesIssued_iI_pid_c20260721__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--RoyalUraniumIncMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--ClassesOfShareCapitalAxis__custom--ClassAOrdinarySharesMember_z16WML1fcwZ2" title="Number of shares issued">3,750,018</span> Class A Ordinary Shares, implying a valuation of $<span id="xdx_901_ecustom--NumberOfSharesIssuedValue_iI_pn5n6_c20260721__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--RoyalUraniumIncMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--ClassesOfShareCapitalAxis__custom--ClassAOrdinarySharesMember_zpFE8FtnNEA2" title="Number of shares issued, value">15.0</span> million, and Royal Uranium became a wholly owned subsidiary of the Company. In connection with the closing, and at the election of the advisors under the Mineral &amp; Element Advisory Agreements, the Company issued <span id="xdx_90E_eifrs-full--NumberOfSharesIssued_iI_pid_c20260721__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--RoyalUraniumIncMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--ClassesOfShareCapitalAxis__custom--ClassAOrdinarySharesMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--MineralAndElementAdvisoryAgreementsMember_zz1Ep9UaNVag" title="Number of shares issued">95,000</span> Class A Ordinary Shares and pre-funded warrants to purchase up to <span id="xdx_900_eifrs-full--NumberOfSharesIssued_iI_pid_c20260721__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--RoyalUraniumIncMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--ClassesOfShareCapitalAxis__custom--PreFundedWarrantsMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--MineralAndElementAdvisoryAgreementsMember_zB4QZfDzgMHf" title="Number of shares issued">190,000</span> Class A Ordinary Shares. Following the closing, the Company’s shareholders prior to the transaction were expected to hold approximately 36.7% of the outstanding Class A Ordinary Shares and the former Royal Uranium shareholders approximately 63.3%. The initial accounting for the acquisition, including whether it constitutes a business combination under IFRS 3, was incomplete when these restated consolidated financial statements were authorised for issue; accordingly, the disclosures required by IFRS 3.B64 are not provided.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>Extraordinary General Meeting – June 2026</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">At an Extraordinary General Meeting held on June 8, 2026, shareholders approved (i) the acquisition of Royal Uranium, (ii) the conversion of the <span id="xdx_903_eifrs-full--NumberOfSharesIssued_iI_pid_c20260608__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--RoyalUraniumIncMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--ClassesOfShareCapitalAxis__custom--SeriesAConvertiblePreferredSharesMember_zOjL5MaiT3yb" title="Number of shares issued">4,171,327</span> Series A Convertible Preferred Shares into Class A Ordinary Shares, to occur upon clearance of an initial listing application with Nasdaq, and (iii) the change of the Company’s name to Fusion Elements plc, subject to the approval of the Registrar of Companies in Ireland and any necessary Nasdaq submissions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>BioSteam Energy – commencement of operations</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">Steam production at BioSteam Energy’s first biomass-powered industrial steam project in South Africa began on May 1, 2026, and commercial operations were announced on May 11, 2026.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>QIND – forbearance agreement</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">On July 10, 2026, <span id="xdx_905_ecustom--ConvertiblePromissoryNotesDescription_iI_pid_c20260710__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--RoyalUraniumIncMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--ClassesOfShareCapitalAxis__custom--SeriesAConvertiblePreferredSharesMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--ForbearanceAgreementMember_zJnriyWVl3U4" title="Convertible promissory notes description">QIND entered into a Promissory Note &amp; Loan Modification and Forbearance Agreement with RB Capital Partners, Inc. in respect of two matured convertible promissory notes (original principal $1,100,000 and $200,000, 7% interest), with an aggregate outstanding balance of approximately $1,587,000 at June 30, 2026. QIND agreed to pay $1,675,000 in 19 monthly instalments from July 30, 2026 to January 15, 2028, and the maturity of the notes was extended to March 1, 2028. </span>The holder agreed to forbear from exercising its rights and remedies until the earliest of March 1, 2028, an uncured default or termination, and retains the right to convert principal into QIND common stock at $<span id="xdx_90A_eifrs-full--ParValuePerShare_iI_pid_c20260721__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--ForbearanceAgreementMember_zwCx4SJFtpX7" title="Common stock par value">1.00</span> per share. No further interest accrues while no default is continuing, and a $<span id="xdx_90D_ecustom--DebtInstrumentFinalInstalment_iI_pid_uUSD_c20260721__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--ForbearanceAgreementMember_zNmsxShwhaQk" title="Debt instrument final instalment">30,000</span> discount applies to the final instalment if the first 18 instalments are paid on time.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>At the Market Offering</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">On July 29, 2026, the Company filed a prospectus supplement under its shelf registration statement on Form F-3 for the offer and sale of Class A Ordinary Shares with a maximum aggregate offering price of $<span id="xdx_900_ecustom--MaximumAggregateOfferingPrice_iI_pid_c20260729__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--ClassesOfShareCapitalAxis__custom--ClassAOrdinarySharesMember_zXqLSKLFLAa5" title="Maximum aggregate offering price">6,619,798</span> under the At the Market Offering Agreement dated May 16, 2025 with H.C. Wainwright &amp; Co., LLC, which provides for a cash commission of<span id="xdx_900_ecustom--PercentageOfCashCommissionOfGrossProceeds_iI_pid_dp_c20260729__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--ClassesOfShareCapitalAxis__custom--ClassAOrdinarySharesMember_zupqEIIHiQe4" title="Percentage of cash commission of gross proceeds"> 3.0</span>% of gross proceeds. The Company is not obliged to make any sales under the agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>Bevilacqua PLLC letter agreement</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">On August 3, 2026, the Company entered into a letter agreement with Bevilacqua PLLC in respect of an outstanding balance of $<span id="xdx_906_ecustom--DebtInstrumentOfOutstandingBalanceAmount_iI_pid_c20260731__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--LetterAgreementMember__ifrs-full--CounterpartiesAxis__custom--BevilacquaPLLCMember_zuzjR3j7BvZk" title="Debt instrument of outstanding balance amount">637,157</span> at July 31, 2026. Bevilacqua PLLC applied a <span id="xdx_902_ecustom--DebtInstrumentOfOutstandingBalancePrecentage_iI_pid_dp_c20260803__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--LetterAgreementMember__ifrs-full--CounterpartiesAxis__custom--BevilacquaPLLCMember_z5qMyuZvmfL6" title="Debt instrument of outstanding balance precentage">15</span>% discount to the $<span id="xdx_904_eifrs-full--ServicesExpense_pid_c20260803__20260803__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--LetterAgreementMember__ifrs-full--CounterpartiesAxis__custom--BevilacquaPLLCMember_zjMuPwQDyAr2" title="Services expense">605,908</span> balance for services other than SEC maintenance, reducing it to $<span id="xdx_90E_ecustom--ServicesExpenseReducing_pid_c20260803__20260803__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--LetterAgreementMember__ifrs-full--CounterpartiesAxis__custom--BevilacquaPLLCMember_zLq7fMKLLNh5" title="Services expense reducing">515,022</span>. The Company agreed to issue Class A Ordinary Shares with a value of $<span id="xdx_907_eifrs-full--IssuedCapitalOrdinaryShares_iI_pid_c20260803__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--LetterAgreementMember__ifrs-full--CounterpartiesAxis__custom--BevilacquaPLLCMember__ifrs-full--ClassesOfShareCapitalAxis__custom--ClassAOrdinarySharesMember_z8SfFZB2dMWd" title="Issued value">100,000</span>, priced at a <span id="xdx_904_ecustom--PercentageOfDiscountToMarket_iI_pid_dp_c20260803__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--LetterAgreementMember__ifrs-full--CounterpartiesAxis__custom--BevilacquaPLLCMember__ifrs-full--ClassesOfShareCapitalAxis__custom--ClassAOrdinarySharesMember_zwjialwHcDWa" title="Percentage of discount to market">20</span>% discount to market and carrying piggyback registration rights, to reduce that balance, and to pay a minimum of $<span id="xdx_90D_ecustom--ExecutionMinimumPaymentAmount_pid_c20260803__20260803__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--LetterAgreementMember__ifrs-full--CounterpartiesAxis__custom--BevilacquaPLLCMember_z5PSa1auDvna" title="Execution minimum payment amount">250,000</span> on execution (using commercially reasonable efforts to pay $<span id="xdx_90B_ecustom--CommerciallyReasonableEffortsToPay_pid_c20260803__20260803__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--LetterAgreementMember__ifrs-full--CounterpartiesAxis__custom--BevilacquaPLLCMember_zJAyB2tM3MXf" title="Commercially reasonable efforts to pay">300,000</span>).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><i>August 2026 Private Placement</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">On August 7, 2026, the Company entered into a Securities Purchase Agreement with certain investors to issue <span id="xdx_906_eifrs-full--NumberOfSharesIssued_iI_pid_c20260807__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--InvestorsMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--ClassesOfShareCapitalAxis__custom--ClassAOrdinarySharesMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--SecuritiesPurchaseAgreementMember_zMI5Be5XJOcc" title="Number of shares issued">421,563</span> Class A Ordinary Shares, pre-funded warrants to purchase <span id="xdx_909_eifrs-full--NumberOfSharesIssued_iI_pid_c20260807__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--InvestorsMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--ClassesOfShareCapitalAxis__custom--PreFundedWarrantsMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--SecuritiesPurchaseAgreementMember_ztDAByX4BZhl" title="Number of shares issued">176,468</span> Class A Ordinary Shares at an exercise price of $<span id="xdx_902_eifrs-full--ParValuePerShare_iI_pid_c20260807__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--InvestorsMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--ClassesOfShareCapitalAxis__custom--PreFundedWarrantsMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--SecuritiesPurchaseAgreementMember_z69M1aMfSwqi" title="Par value">0.0035</span> per share and warrants to purchase <span id="xdx_90D_eifrs-full--NumberOfSharesIssued_iI_pid_c20260807__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--InvestorsMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--SecuritiesPurchaseAgreementMember_zKWLoRjiKRub" title="Number of shares issued">598,031 </span>Class A Ordinary Shares at an exercise price of $<span id="xdx_901_eifrs-full--ParValuePerShare_iI_pid_c20260807__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--InvestorsMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--SecuritiesPurchaseAgreementMember_zqVgi9ODj2K4" title="Par value">3.50</span> per share, exercisable for <span id="xdx_90A_ecustom--WarrantsTerm_pid_dc_c20260807__20260807__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--InvestorsMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--ClassesOfShareCapitalAxis__ifrs-full--WarrantsMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--SecuritiesPurchaseAgreementMember_zoXjRH8NVeE1" title="Warrants term">three years</span>, for aggregate gross proceeds of approximately $<span id="xdx_902_ecustom--AggregateGrossProceeds_pid_c20260807__20260807__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--InvestorsMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--SecuritiesPurchaseAgreementMember_zYSeWUA4mowh" title="Aggregate gross proceeds">1,525,000</span>. The purchase price was $<span id="xdx_901_ecustom--PurchasePrice_iI_pid_c20260807__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--InvestorsMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--ClassesOfShareCapitalAxis__custom--PreFundedWarrantsMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--SecuritiesPurchaseAgreementMember_zVYmhMcjtST6" title="purchase price">2.55</span> per Class A Ordinary Share and accompanying warrant. The Company is required to file a resale registration statement within 30 days of closing, failing which it must pay the investors <span id="xdx_905_ecustom--PercentageInvestorsOfAggregateSubscription_pid_dp_c20260807__20260807__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--InvestorsMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventsAfterReportingPeriodMember__ifrs-full--SupplierFinanceArrangementsAxis__custom--SecuritiesPurchaseAgreementMember_zjso5UxfIXv3" title="Percentage investors of the aggregate subscription">1.5</span>% of the aggregate subscription amount for each 30-day period of delay. The amounts reflect the revised terms reported in the Company’s Report on Form 6-K/A furnished on August 11, 2026.</p> 577124 129005 706129 5.148 706129 6.864 2600000 1 3750025 15000000.0 81881029 81881029 3750018 15000000.0 95000 190000 4171327 QIND entered into a Promissory Note & Loan Modification and Forbearance Agreement with RB Capital Partners, Inc. in respect of two matured convertible promissory notes (original principal $1,100,000 and $200,000, 7% interest), with an aggregate outstanding balance of approximately $1,587,000 at June 30, 2026. QIND agreed to pay $1,675,000 in 19 monthly instalments from July 30, 2026 to January 15, 2028, and the maturity of the notes was extended to March 1, 2028. 1.00 30000 6619798 0.030 637157 0.15 605908 515022 100000 0.20 250000 300000 421563 176468 0.0035 598031 3.50 P3Y 1525000 2.55 0.015 <p id="xdx_80B_eifrs-full--DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory_zAgmRUy55EC1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif"><i> </i></span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>31.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82D_zyxlgeeh93Be">Group companies</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table presents the current organisation structure of the Group at year end. Note that the list of subsidiaries within the Group has changed during the year due to the deconsolidation of the Hanoi Asset Management and Fusion Fuel Australia, as well as the acquisition of Biosteam Energy.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p id="xdx_89B_ecustom--DisclosureOfGroupCompaniesTableTextBlock_zCMspDmG3rNf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BD_zTziEEW86hOg" style="display: none">schedule of group companies</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Group companies: Table (a)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 85%; border-collapse: collapse; margin-left: 0.25in"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Entity name</b></span></td> <td style="width: 2%"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 16%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Country of incorporation</b></span></td> <td style="width: 2%"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 16%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Principal activities</b></span></td> <td style="width: 2%"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 16%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Group interest at December 31, 2025</b></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Quality Industrial Corp.</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_908_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QualityIndustrialCorpMember_zxV6Qj3GBY7" title="Country of incorporation">United States</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eifrs-full--PrincipalPlaceOfBusinessOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QualityIndustrialCorpMember_zQYTQ8IoR8h8" title="Principal activities">Operating company</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QualityIndustrialCorpMember_zmqFMDv2cTpj" title="Group interest">53.47</span>%</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">AL Shola Al Modea Gas Distribution LLC</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ALSholaAlModeaGasDistributionLLCMember_zZJZSal87Zb3" title="Country of incorporation">Dubai</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eifrs-full--PrincipalPlaceOfBusinessOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ALSholaAlModeaGasDistributionLLCMember_zCQNNaFbJi78" title="Principal activities">Operating company</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ALSholaAlModeaGasDistributionLLCMember_zMOBWh2QLuc6" title="Group interest">51</span>% (Indirect)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">BIOSTEAM ENERGY (Pty) Ltd</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BiosteamEnergyPtyLtdMember_zqQPF7WXbV3" title="Country of incorporation">South Africa</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_906_eifrs-full--PrincipalPlaceOfBusinessOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BiosteamEnergyPtyLtdMember_zxhatDMxpbg4" title="Principal activities">Operating company</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BiosteamEnergyPtyLtdMember_zPvc3LVSTGX" title="Group interest">51</span>%</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> BrightHy Solutions Limited</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrightHySolutionsLimitedMember_z2tp16adOWzj" title="Country of incorporation">Ireland</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90C_eifrs-full--PrincipalPlaceOfBusinessOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrightHySolutionsLimitedMember_z4CF6Dqi9PZd" title="Principal activities">Operating company</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrightHySolutionsLimitedMember_z2t8UNhmelY2" title="Group interest">100</span>%</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fusion Fuel USA, Inc.</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_901_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--FusionFuelUSAIncMember_z1Q11mNYwYJa" title="Country of incorporation">United States</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90F_eifrs-full--PrincipalPlaceOfBusinessOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--FusionFuelUSAIncMember_zJHchDQDVLZa" title="Principal activities">Dormant entity</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--FusionFuelUSAIncMember_z8Kasb2uFda3" title="Group interest">100</span>%</span></td></tr> </table> <p id="xdx_8A1_z1TiGyz1xGk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"> </p> <p id="xdx_89B_ecustom--DisclosureOfGroupCompaniesTableTextBlock_zCMspDmG3rNf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BD_zTziEEW86hOg" style="display: none">schedule of group companies</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Group companies: Table (a)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 85%; border-collapse: collapse; margin-left: 0.25in"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Entity name</b></span></td> <td style="width: 2%"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 16%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Country of incorporation</b></span></td> <td style="width: 2%"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 16%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Principal activities</b></span></td> <td style="width: 2%"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 16%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Group interest at December 31, 2025</b></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Quality Industrial Corp.</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_908_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QualityIndustrialCorpMember_zxV6Qj3GBY7" title="Country of incorporation">United States</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eifrs-full--PrincipalPlaceOfBusinessOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QualityIndustrialCorpMember_zQYTQ8IoR8h8" title="Principal activities">Operating company</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--QualityIndustrialCorpMember_zmqFMDv2cTpj" title="Group interest">53.47</span>%</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">AL Shola Al Modea Gas Distribution LLC</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ALSholaAlModeaGasDistributionLLCMember_zZJZSal87Zb3" title="Country of incorporation">Dubai</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eifrs-full--PrincipalPlaceOfBusinessOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ALSholaAlModeaGasDistributionLLCMember_zCQNNaFbJi78" title="Principal activities">Operating company</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ALSholaAlModeaGasDistributionLLCMember_zMOBWh2QLuc6" title="Group interest">51</span>% (Indirect)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">BIOSTEAM ENERGY (Pty) Ltd</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BiosteamEnergyPtyLtdMember_zqQPF7WXbV3" title="Country of incorporation">South Africa</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_906_eifrs-full--PrincipalPlaceOfBusinessOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BiosteamEnergyPtyLtdMember_zxhatDMxpbg4" title="Principal activities">Operating company</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BiosteamEnergyPtyLtdMember_zPvc3LVSTGX" title="Group interest">51</span>%</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> BrightHy Solutions Limited</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrightHySolutionsLimitedMember_z2tp16adOWzj" title="Country of incorporation">Ireland</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90C_eifrs-full--PrincipalPlaceOfBusinessOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrightHySolutionsLimitedMember_z4CF6Dqi9PZd" title="Principal activities">Operating company</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrightHySolutionsLimitedMember_z2t8UNhmelY2" title="Group interest">100</span>%</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fusion Fuel USA, Inc.</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_901_eifrs-full--CountryOfIncorporationOrResidenceOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--FusionFuelUSAIncMember_z1Q11mNYwYJa" title="Country of incorporation">United States</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90F_eifrs-full--PrincipalPlaceOfBusinessOfSubsidiary_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--FusionFuelUSAIncMember_zJHchDQDVLZa" title="Principal activities">Dormant entity</span></span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_906_eifrs-full--ProportionOfOwnershipInterestInSubsidiary_pid_dp_uPure_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--FusionFuelUSAIncMember_z8Kasb2uFda3" title="Group interest">100</span>%</span></td></tr> </table> United States Operating company 0.5347 Dubai Operating company 0.51 South Africa Operating company 0.51 Ireland Operating company 1 United States Dormant entity 1 <p id="xdx_805_ecustom--ApprovalOfFinancialStatementsTextBlock_zs815WnIBLm4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>32.</b></span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82D_z11zDVu2iE2e">Approval of financial statements</span></b></span></td></tr></table> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The directors approved the financial statements on May 7, 2026. The directors approved the restated consolidated financial statements, including Note 5, on October 6, 2026.</span></p> No ordinary shares were issued in connection with the RSUs that vested during the year ended December 31, 2025 (2024: 858). The income tax credit for the year ended 31 December 2025 of €0.1 million comprises the release of the deferred tax liability recognised on the QIND purchase price allocation intangibles (€0.24 million), less the current tax expense of Al Shola Gas (€0.15 million). No tax arises in Ireland or Spain, as current-year losses are not recognised as deferred tax assets. The income tax charge for the year ended 31 December 2024 of €25k comprises the tax expense of QIND. Trade receivables balance includes customer receivable amounts for QIND/Al Shola. Amounts are recorded at the invoice amount less an allowance for credit losses. The allowance is an estimate based on historical collection experience, current and future economic and market conditions, and a review of the current status of each customer’s trade accounts receivable. Management evaluates the aging of the accounts receivable balances and the financial condition of its customers and all other forward-looking information that is reasonably available to estimate the amount of accounts receivable that may not be collected in the future and before recording the appropriate provision. Prepayments and VAT have been excluded as they are not classified as a financial asset. Employment taxes have been excluded as these are statutory liabilities. contractual cash flows for warrants and convertible promissory notes are €nil because both instruments will be settled in shares. This amount includes salaries accrued and not paid at the year end This amount was largely granted due to the QIND board of directors’ determination that: (i) Mr. Backwell and other QIND managers’ salaries were significantly below market for their position in 2024, and Mr. Backwell received no salary from QIND during 2023 and previous years.