Below is a summary of significant unobservable inputs to the non-current financial asset together with a quantitative sensitivity analysis as at June 30, 2026 and December 31, 2025: | | | Valuation
technique | | Significant
unobservable input | | Relationship of significant
unobservable inputs to fair value | | Unlisted equity investments | | Valuation multiples | | Average EV/S multiple of peers 2026: 4.45x (2025: 3.82x) | | A significant increase in average EV/S multiple of peers would result in a significant increase in fair value, and vice versa | | | | | | Volatility 2026: 39% (2025: 36%) | | A significant increase in volatility would result in a significant decrease in fair value, and vice versa |
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Below is a summary of significant unobservable inputs to the non-current financial asset together with a quantitative sensitivity analysis as at December 31, 2025 and 2024: | | | Valuation
technique | | Significant
unobservable
input | | | Relationship of
significant
unobservable
inputs to fair value | | | Sensitivity of fair
value to the input | | Unlisted equity investments | | Valuation multiples | | Average EV/S multiple of peers
2025: 3.82x (2024: 4.82x) | | | A significant increase in average EV/S multiple of peers would result in a significant increase in fair value, and vice versa | | | A 10% increase of average EV/S would result in increase in fair value of non-current financial asset by US$36,418 (2024: US$45,797) and a 10% decrease of average EV/S would result in decrease in fair value of non-current financial asset by US$39,998 (2024: US$45,797). | | | | | | Volatility
2025: 36% (2024: 50%) | | | A significant increase in volatility would result in a significant decrease in fair value, and vice versa | | | A 10% increase in volatility would result in decrease in fair value of non-current financial asset by US$6,240 (2024: US$6,060) and a 10% decrease in volatility would result in increase in fair value of non-current financial asset by US$5,666 (2024: US$6,060). |
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