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CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
Share capital
Share premium
Capital reserve
Cash flow hedge reserve
Translation differences
Remeasurements
Other reserves
Accumulated deficit
Non-controlling interests
Beginning balance at Dec. 31, 2022 $ (73.9) $ 642.2 $ 0.0 $ 0.0 $ (3.1) $ 109.8 $ 37.0 $ (10.9) $ (848.9) $ 0.0
Other comprehensive income/(loss) (120.2)       (7.5) (116.3) 3.6      
Income (loss) for the period (208.8)               (208.6) (0.2)
TOTAL COMPREHENSIVE INCOME/(LOSS) (329.0)       (7.5) (116.3) 3.6 0.0 (208.6) (0.2)
Transactions with owners:                    
Share-based payments 8.2             8.2    
Capital contribution 234.3     227.2   7.1        
Initial Investment from Non-Controlling owners 3.6                 3.6
Ending balance at Dec. 31, 2023 (156.8) 642.2 0.0 227.2 (10.6) 0.6 40.6 (2.7) (1,057.5) 3.4
Other comprehensive income/(loss) (102.7)       30.1 (138.2) 1.9 3.5    
Income (loss) for the period 78.4               72.6 5.8
TOTAL COMPREHENSIVE INCOME/(LOSS) (24.3)       30.1 (138.2) 1.9 3.5 72.6 5.8
Transactions with owners:                    
Share-based payments 74.3   12.1         62.2    
Elimination of Class A and B shares (642.2) (642.2)                
Capital increase - share issuance 3,195.4 18.4 3,177.0              
Contribution of related party debt to equity 2,562.0     2,562.0            
Ending balance at Dec. 31, 2024 5,008.4 18.4 3,189.1 2,789.2 19.6 (137.6) 42.5 63.0 (984.9) 9.1
Other comprehensive income/(loss) 301.2       (63.0) 356.4 7.8      
Income (loss) for the period 440.4               427.4 13.0
TOTAL COMPREHENSIVE INCOME/(LOSS) 741.6       (63.0) 356.4 7.8 0.0 427.4 13.0
Transactions with owners:                    
Share-based payments 37.3             37.3    
Shares issued for exercise/vesting of share options 36.8 0.2 56.1         (19.5)    
Shares issued for exercise/vesting of RSUs/PSUs 0.0 0.0 6.0         (6.0)    
Dividend paid by subsidiary to non-controlling interests (3.2)                 (3.2)
Ending balance at Dec. 31, 2025 $ 5,820.9 $ 18.6 $ 3,251.2 $ 2,789.2 $ (43.4) $ 218.8 $ 50.3 $ 74.8 $ (557.5) $ 18.9