v3.26.3
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Statement of Cash Flows [Abstract]    
Net loss for the period $ (162.5) $ (102.1)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, amortization and accrued contingencies 2.1 2.5
Expenses related to share-based payments 10.9 3.5
Inventory write-downs 10.2 13.9
Other 0.2 1.0
Changes in operating assets and liabilities:    
Decrease (increase) in inventories and work in progress (10.2) (13.9)
Decrease (increase) in other current assets (5.8) (5.0)
(Decrease) increase in trade payables 2.6 14.3
(Decrease) increase in other current and non-current liabilities (0.7) (0.7)
Change in operating lease liabilities and right of use assets 0.1 0.5
Net cash flow used in operating activities (153.2) (86.0)
Cash flows used in investing activities :    
Change in property, plant, and equipment (3.0) (0.2)
Change in Other non-current assets (3.2) (0.5)
Net cash flows used in investing activities (6.2) (0.7)
Cash flows provided by financing activities :    
Treasury shares (0.2) 0.2
Issuance from Net Capital increase and Share warrants 137.0 116.9
Other cash flows related to financing activities 0.2 0.0
Net cash flows provided by financing activities 137.1 117.1
Effect of exchange rate changes on cash and cash equivalents (6.2) 6.9
Net (decrease) / increase in cash and cash equivalents (28.5) 37.4
Net Cash and cash equivalents at the beginning of the period 194.2 32.5
Net cash and cash equivalents at the end of the period $ 165.7 $ 69.8