Property and equipment

12 Months Ended

Dec. 31, 2025

Disclosure of detailed information about property, plant and equipment [abstract]

Property and equipment

The Group’s property and equipment primarily includes equipment, tools, furniture and fittings,

computer equipment and leasehold improvements related to its office spaces. The Group includes its

right-of-use assets within property and equipment. Refer to Note 9 for additional information regarding the

Group’s leases.

Property and equipment is stated at cost less accumulated depreciation and impairment. Depreciation

is calculated using the straight-line method by applying various useful lives to each class of property and

equipment. At December 31, 2025 and 2024, property and equipment consisted of the following:


	Leasehold improvements	Equipment	Right-of-use assets	Total
Cost value as of January 1, 2025 ........................................	12	53	178	243
Additions ..............................................................................	—	3	—	3
Sales/disposals ...................................................................	—	(2)	(7)	(9)
Remeasurement .................................................................	—	—	(3)	(3)
Currency translation difference ......................................	2	9	31	42
Cost value as of December 31, 2025 ..................................	14	63	199	276

Depreciation as of January 1, 2025 ...................................	(9)	(39)	(77)	(125)
Depreciation for the year .................................................	—	(3)	(15)	(18)
Sales/disposals ...................................................................	—	1	7	8
Currency translation difference ......................................	(1)	(7)	(16)	(24)
Depreciation as of December 31, 2025..............................	(10)	(48)	(101)	(159)

Impairment as of January 1, 2025 ......................................	(1)	(3)	(29)	(33)
Impairment for the year ....................................................	(3)	(2)	(16)	(21)
Sales/disposals ...................................................................	—	—	—	—
Currency translation difference ......................................	—	(1)	(2)	(3)
Impairment as of December 31, 2025 ................................	(4)	(6)	(47)	(57)

Carrying amount as of December 31, 2025 .......................	—	9	51	60


	Leasehold improvements	Equipment	Right-of-use assets	Total
Cost value as of January 1, 2024 .........................................	$14	$60	$226	$300
Additions ...............................................................................	—	1	—	1
Sales/disposals ...................................................................	(1)	(4)	(31)	(36)
Remeasurement ..................................................................	—	—	(1)	(1)
Currency translation difference ......................................	(1)	(4)	(16)	(21)
Cost value as of December 31, 2024 ..................................	$12	$53	$178	$243

Depreciation as of January 1, 2024 ....................................	$(10)	$(38)	$(95)	$(143)
Depreciation for the year ..................................................	(1)	(7)	(16)	(24)
Sales/disposals ...................................................................	1	3	27	31
Currency translation difference ......................................	1	3	7	11
Depreciation as of December 31, 2024 ..............................	$(9)	$(39)	$(77)	$(125)

Impairment as of January 1, 2024 ......................................	$(2)	$(3)	$(30)	$(35)
Impairment for the year ....................................................	—	—	(6)	(6)
Sales/disposals ...................................................................	—	—	3	3
Currency translation difference ......................................	1	—	4	5
Impairment as of December 31, 2024 ................................	$(1)	$(3)	$(29)	$(33)

Carrying amount as of December 31, 2024 .......................	$2	$11	$72	$85