v3.26.3
Capital management (Tables)
 6 Months Ended
Jun. 30, 2026
Capital Management  
Schedule of debt to capital ratio

The debt to capital ratios as of June 30, 2026 and December 31, 2025 were:

 

   As of   As of 
   June 30, 2026   December 31, 2025 
Total borrowings  $7,505,763   $12,642,862 
Less: Cash and cash equivalents   (595,013)   (97,669)
Net debt   6,910,750    12,545,193 
Total equity   2,772,072    (6,777,635)
Total capital  $9,682,822   $5,767,558 
Gearing ratio   71%   217%