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BALANCE SHEET VALUES OF FINANCIAL ASSETS AND LIABILITIES BY MEASUREMENT CATEGORIES (Tables) | 12 Months Ended
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Dec. 31, 2025
Disclosure of detailed information about financial instruments [abstract] |
Schedule of financial assets and liabilities per level |
|  |  |  | December 31, 2025 |  | December 31, 2024
In millions |  | Category |  | Carrying amount |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Carrying amount |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
NON-CURRENT FINANCIAL ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other non-current financial assets |  | Amortized cost |  | $ | 54.4 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 43.0 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Other non-current financial assets |  | Fair value through OCI |  | 14.3 |  |  | 14.3 |  |  | — |  |  | — |  |  | 14.3 |  |  | 12.6 |  |  | 12.6 |  |  | — |  |  | — |  |  | 12.6 |
Promissory notes |  | Amortized cost |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4.2 |  |  | 4.2 |  |  | — |  |  | — |  |  | 4.2 |
Derivative financial instruments (3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange derivatives - used in hedge accounting |  | Fair value through OCI |  | 0.5 |  |  | 0.5 |  |  | — |  |  | 0.5 |  |  | — |  |  | 2.2 |  |  | 2.2 |  |  | — |  |  | 2.2 |  |  | — |
Cross Currency Swaps - used in hedge accounting |  | Fair value through OCI |  | 1.5 |  |  | 1.5 |  |  | — |  |  | 1.5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
CURRENT FINANCIAL ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hold-to-collect accounts receivable |  | Amortized cost |  | 750.8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 630.7 |  |  | — |  |  | — |  |  | — |  |  | — |
Available for sale receivables |  | Fair value through OCI |  | 58.5 |  |  | 58.5 |  |  | — |  |  | — |  |  | 58.5 |  |  | 36.2 |  |  | 36.2 |  |  | — |  |  | — |  |  | 36.2 |
Other non-interest yielding receivables (1) |  | Amortized cost |  | 134.3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 127.5 |  |  | — |  |  | — |  |  | — |  |  | — |
Promissory notes |  | Amortized cost |  | 4.4 |  |  | 4.4 |  |  | — |  |  | — |  |  | 4.4 |  |  | 7.0 |  |  | 7.0 |  |  | — |  |  | — |  |  | 7.0 |
Derivative financial instruments (3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange derivatives - used in hedge accounting |  | Fair value through OCI |  | 11.5 |  |  | 11.5 |  |  | — |  |  | 11.5 |  |  | — |  |  | 38.9 |  |  | 38.9 |  |  | — |  |  | 38.9 |  |  | — |
Foreign exchange derivatives - not used in hedge accounting |  | Fair value through profit or loss |  | 10.8 |  |  | 10.8 |  |  | — |  |  | 10.8 |  |  | — |  |  | 5.6 |  |  | 5.6 |  |  | — |  |  | 5.6 |  |  | — |
Cash and cash equivalents |  | Amortized cost |  | 652.3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 345.4 |  |  | — |  |  | — |  |  | — |  |  | — |
Total financial assets per level |  |  |  |  |  |  |  | $ | — |  |  | $ | 24.3 |  |  | $ | 77.2 |  |  |  |  |  |  | $ | — |  |  | $ | 46.7 |  |  | $ | 60.0 |
|  |  |  | December 31, 2025 |  | December 31, 2024
In millions |  | Category |  | Carrying amount |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Carrying amount |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
NON-CURRENT FINANCIAL LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-current borrowings |  | Amortized cost |  | $ | 792.3 |  |  | $ | 835.8 |  |  | $ | — |  |  | $ | 835.8 |  |  | $ | — |  |  | $ | 790.8 |  |  | $ | 809.0 |  |  | $ | — |  |  | $ | 809.0 |  |  | $ | — |
Non-current lease liabilities |  | Amortized cost |  | 660.9 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 439.0 |  |  | — |  |  | — |  |  | — |  |  | — |
Other non-current liabilities |  | Amortized cost |  | 4.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13.6 |  |  | — |  |  | — |  |  | — |  |  | — |
Derivative financial instruments (3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange derivatives - used in hedge accounting |  | Fair value through OCI |  | 3.2 |  |  | 3.2 |  |  | — |  |  | 3.2 |  |  | — |  |  | 0.6 |  |  | 0.6 |  |  | — |  |  | 0.6 |  |  | — |
Cross Currency Swaps - used in hedge accounting |  | Fair value through OCI |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1.2 |  |  | 1.2 |  |  | — |  |  | 1.2 |  |  | — |
CURRENT FINANCIAL LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current other borrowings |  | Amortized cost |  | 142.8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 136.5 |  |  | — |  |  | — |  |  | — |  |  | — |
Current lease liabilities |  | Amortized cost |  | 157.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 116.9 |  |  | — |  |  | — |  |  | — |  |  | — |
Accounts payable |  | Amortized cost |  | 769.8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 549.0 |  |  | — |  |  | — |  |  | — |  |  | — |
Other current liabilities (2) |  | Amortized cost |  | 841.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 671.1 |  |  | — |  |  | — |  |  | — |  |  | — |
Contingent consideration related to acquisitions (2) |  | Fair value through profit or loss |  | 20.0 |  |  | 20.0 |  |  | — |  |  | — |  |  | 20.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Derivative financial instruments (3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange derivatives - used in hedge accounting |  | Fair value through OCI |  | 62.2 |  |  | 62.2 |  |  | — |  |  | 62.2 |  |  | — |  |  | 14.3 |  |  | 14.3 |  |  | — |  |  | 14.3 |  |  | — |
Foreign exchange derivatives - not used in hedge accounting |  | Fair value through profit or loss |  | 6.0 |  |  | 6.0 |  |  | — |  |  | 6.0 |  |  | — |  |  | 8.0 |  |  | 8.0 |  |  | — |  |  | 8.0 |  |  | — |
Total financial liabilities per level |  |  |  |  |  |  |  | $ | — |  |  | $ | 907.2 |  |  | $ | 20.0 |  |  |  |  |  |  | $ | — |  |  | $ | 833.1 |  |  | $ | — |
Schedule of financial assets and liabilities per measurement category and changes in Level 3 items in financial instruments | The following table presents a reconciliation of the Prepaid expenses and other assets and Accrued liabilities, as shown on the consolidated statement of financial position, with the Other non-yielding receivables and other current liabilities, respectively, as shown above:
In millions |  | December 31, 2025 |  | December 31, 2024
(1) Other non-interest yielding receivables |  |  |  |
Prepaid expenses and other assets |  | $ | 200.0 |  |  | $ | 213.2 |
Less: |  |  |  |
Other tax receivables |  | 39.0 |  |  | 34.2 |
Derivative financial instruments |  | 22.3 |  |  | 44.5 |
Promissory notes |  | 4.4 |  |  | 7.0 |
Total |  | $ | 134.3 |  |  | $ | 127.5 |
(2) Other current liabilities |  |  |  |
Accrued liabilities |  | $ | 1,002.8 |  |  | $ | 747.7 |
Less: |  |  |  |
Other tax liabilities |  | 73.6 |  |  | 54.3 |
Derivative financial instruments |  | 68.2 |  |  | 22.3 |
Contingent consideration related to acquisitions |  | 20.0 |  |  | — |
Total |  | $ | 841.0 |  |  | $ | 671.1 |
(3)The values as per the consolidated statement of financial position of the derivatives have been recorded as they are disclosed in the Company’s consolidated statement of financial position and fair value reserve, and therefore cannot be reconciled with their actual fair values. The following table presents the Company’s total financial assets and liabilities per measurement category:
In millions |  | December 31, 2025 |  | December 31, 2024
FINANCIAL ASSETS |  |  |  |
Amortized cost |  | $ | 1,596.2 |  |  | $ | 1,157.8 |
Fair value through profit or loss |  | 10.8 |  |  | 5.6 |
Fair value through OCI |  | 86.3 |  |  | 89.9 |
Total |  | $ | 1,693.3 |  |  | $ | 1,253.3 |
FINANCIAL LIABILITIES |  |  |  |
Amortized cost |  | $ | 3,367.9 |  |  | $ | 2,716.9 |
Fair value through profit or loss |  | 26.0 |  |  | 8.0 |
Fair value through OCI |  | 65.4 |  |  | 16.1 |
Total |  | $ | 3,459.3 |  |  | $ | 2,741.0 |
The following table presents the changes in Level 3 items during the years:
In millions |  | Unlisted equity securities |  | Promissory notes |  | Available for sale receivables |  | Contingent consideration related to acquisitions
Opening balance January 1, 2024 |  | $ | 9.2 |  |  | $ | 6.8 |  |  | $ | 2.6 |  |  | $ | — |
Additions |  | — |  |  | 54.0 |  |  | 318.1 |  |  | — |
Disposals |  | — |  |  | (48.9) |  |  | (284.5) |  |  | — |
Gains recognized in OCI |  | 3.5 |  |  | — |  |  | — |  |  | — |
Exchange rate losses |  | — |  |  | (0.7) |  |  | — |  |  | — |
Closing balance December 31, 2024 |  | 12.6 |  |  | 11.2 |  |  | 36.2 |  |  | — |
Additions |  | 1.8 |  |  | 29.5 |  |  | 86.5 |  |  | 20.0 |
Disposals |  | — |  |  | (37.0) |  |  | (64.2) |  |  | — |
Exchange rate (losses)/gains |  | (0.1) |  |  | 0.7 |  |  | — |  |  | — |
Closing balance December 31, 2025 |  | $ | 14.3 |  |  | $ | 4.4 |  |  | $ | 58.5 |  |  | $ | 20.0 |
Schedule of valuation techniques | The following table shows the valuation technique used in measuring Level 3 fair values for financial instruments in the consolidated statement of financial position, as well as the significant unobservable inputs used.
Type | Valuation technique | Significant unobservable input
Unlisted equity securities | Market comparison approach: fair value of unlisted equity securities is determined by reference to market multiples of comparable listed companies, adjusted by discount for lack of marketability. | (i) Sales growth factor (ii) Risk-adjusted discount rate
Promissory notes | The carrying amount approximates fair value due to the relatively short period to maturity of these instruments and low credit risk of counterparty. Long-term promissory notes are valued using a discounted cash flow. Expected future cash inflows are discounted over the term of the respective contracts using market interest rates as at the reporting date, adjusted for the credit risk of the counterparty. | The carrying amount approximates fair value for short-term promissory notes due to the relatively short period to maturity of these instruments and low credit risk of counterparty. For long-term promissory notes, the significant unobservable input is the risk adjusted discount rate.
Available-for-sale receivables | The carrying amount approximates fair value due to the short-term maturity of these instruments and low credit risk of counterparty. | The carrying amount approximates fair value due to the short-term maturity of these instruments and low credit risk of counterparty.
Contingent consideration related to acquisitions | The carrying amount approximates fair value due to the short-term maturity of this liability. | The carrying amount approximates fair value due to the short-term maturity of this liability.

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