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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
NET CASH FLOW FROM OPERATING ACTIVITIES      
Net income/(loss) $ 440.4 $ 78.4 $ (208.8)
Adjustments for:      
Depreciation and amortization 384.2 273.8 220.9
Impairment losses 14.0 1.9 2.4
Loss on sale of subsidiaries 0.0 5.6 0.0
Share-based payment expense 37.2 19.5 10.7
Other non-cash valuation losses/(gains) 1.7 (1.8) 14.7
Interest income (6.4) (8.8) (6.4)
Interest expense 97.7 219.0 397.6
Foreign currency exchange (gains)/losses, net & other finance costs (14.0) 67.6 15.8
Loss on debt extinguishment 0.0 31.8 0.0
Income tax expense 184.1 82.8 104.2
Changes in:      
Inventories (318.3) (172.4) (175.1)
Accounts receivables (123.6) (44.9) 83.9
Prepaid expenses and other assets (6.2) (18.5) (42.1)
Accounts payables 190.1 123.7 (38.7)
Other liabilities 147.2 128.0 80.3
Cash generated from operating activities 1,028.1 785.7 459.4
Interest paid (95.9) (197.2) (179.3)
Interest received 9.9 6.2 6.9
Income taxes paid (212.3) (170.0) (88.0)
Net cash flows from operating activities 729.8 424.7 199.0
NET CASH FLOW FROM INVESTING ACTIVITIES      
Proceeds from sale of subsidiary 0.0 15.5 0.0
Acquisition of business (45.4) 0.0 (3.5)
Acquisition of property, plant and equipment (216.5) (229.1) (123.6)
Acquisition of intangible assets (67.2) (46.3) (12.7)
Proceeds from sale of property, plant and equipment 0.0 4.2 0.5
Acquisition of right-of-use assets (9.0) (12.6) (15.5)
Net cash flows used in investing activities (338.1) (268.3) (154.8)
NET CASH FLOW FROM FINANCING ACTIVITIES      
Proceeds from current borrowings from financial institutions 284.3 376.9 90.0
Repayments of current borrowings from financial institutions (278.5) (325.7) (35.0)
Net (repayments of)/proceeds from revolving credit facilities (2.3) (278.2) 115.0
Proceeds from non-current borrowings from financial institutions 0.0 2,027.3 0.0
Repayments of non-current borrowings from financial institutions 0.0 (3,058.2) 0.0
Repayments of long-term borrowings from related parties 0.0 (1,460.5) (65.9)
Proceeds from share issuances, net of issuance costs 0.0 2,561.4 0.0
Payments of debt issuance costs (0.6) (10.3) 0.0
Proceeds from exercise of share options 36.8 12.1 0.0
Payments of lease liabilities (145.6) (102.3) (75.4)
Net repayments from settlement of derivative contracts (17.5) (18.2) 0.0
Release of derivative contract collateral 3.2 17.0 0.0
Other financing items (3.8) (7.3) 6.4
Net cash flows (used in)/from financing activities (124.0) (266.0) 35.0
CHANGE IN CASH AND CASH EQUIVALENTS 267.7 (109.6) 79.3
CHANGE IN CASH AND CASH EQUIVALENTS      
Cash and cash equivalents at year end 652.3 345.4 483.4
Translation differences 39.2 (28.4) 2.1
Cash and cash equivalents at beginning of year 345.4 483.4 402.0
CHANGE IN CASH AND CASH EQUIVALENTS 267.7 (109.6) 79.3
NON-CASH INVESTING ACTIVITIES      
Capital expenditures in accounts payable 12.0 20.4 22.3
Contingent consideration in other current liabilities 20.0 0.0 0.0
NON-CASH FINANCING ACTIVITIES      
Equitization of related party loans and interest 0.0 2,562.0 227.2
Non-cash refinancing of current borrowings $ 552.6 $ 0.0 $ 0.0