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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Ordinary Shares
Preferred Shares
Ordinary Shares
Preferred Shares
Additional Paid In Capital
Additional Paid In Capital
Ordinary Shares
Additional Paid In Capital
Preferred Shares
(Accumulated Deficit) Retained Earnings
Non-Controlling Interest in Equity of Consolidated Subsidiaries
Beginning balance at Dec. 31, 2023 $ 175,883     $ 1,002 $ 159 $ 255,973     $ (81,785) $ 534
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 39,622               39,622  
Total comprehensive income (loss) 39,622               39,622  
Dividends declared - ordinary and preferred shares   $ (30,074) $ (8,335)       $ (30,074) $ (8,335)    
Equity-based compensation 510         510        
Ending balance at Mar. 31, 2024 177,606     1,002 159 218,074     (42,163) 534
Beginning balance at Dec. 31, 2023 175,883     1,002 159 255,973     (81,785) 534
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (180,248)                  
Ending balance at Jun. 30, 2024 69,567     1,022 159 330,419     (262,033) 0
Beginning balance at Mar. 31, 2024 177,606     1,002 159 218,074     (42,163) 534
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (219,870)               (219,870)  
Total comprehensive income (loss) (219,870)               (219,870)  
Purchase of non-controlling interest (534)                 (534)
Issuance of ordinary shares 150,136     20   150,116        
Dividends declared - ordinary and preferred shares   (30,074) (8,335)       (30,074) (8,335)    
Equity-based compensation 638         638        
Ending balance at Jun. 30, 2024 69,567     1,022 159 330,419     (262,033) $ 0
Beginning balance at Dec. 31, 2024 81,368     1,026 117 153,328     (73,103)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 102,386               102,386  
Total comprehensive income (loss) 102,386               102,386  
Redemption of preferred shares (117,840)       (49) (117,791)        
Loss on redemption of preferred shares (6,327)         (6,327)        
Issuance of ordinary shares 739         739        
Dividends declared - ordinary and preferred shares   (30,767) (6,115)       (30,767) (6,115)    
Equity-based compensation 4,889         4,889        
Ending balance at Mar. 31, 2025 28,333     1,026 68 (2,044)     29,283  
Beginning balance at Dec. 31, 2024 81,368     1,026 117 153,328     (73,103)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 267,784                  
Ending balance at Jun. 30, 2025 164,944     1,026 68 (30,831)     194,681  
Beginning balance at Mar. 31, 2025 28,333     1,026 68 (2,044)     29,283  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 165,398               165,398  
Total comprehensive income (loss) 165,398               165,398  
Issuance of ordinary shares 174         174        
Dividends declared - ordinary and preferred shares   $ (30,767) $ (3,709)       $ (30,767) $ (3,709)    
Equity-based compensation 5,515         5,515        
Ending balance at Jun. 30, 2025 $ 164,944     $ 1,026 $ 68 $ (30,831)     $ 194,681