XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED INCOME STATEMENT - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Disclosure of reclassifications or changes in presentation [line items]        
Revenue $ 1,455,000,000 $ 1,259,000,000 $ 2,723,000,000 $ 2,400,000,000
Cost of sales (1,270,000,000) (1,090,000,000) (2,388,000,000) (2,108,000,000)
Gross profit 185,000,000 169,000,000 335,000,000 292,000,000
Sales, general and administration expenses (68,000,000) (77,000,000) (144,000,000) (150,000,000)
Intangible amortization (35,000,000) (37,000,000) (68,000,000) (73,000,000)
Operating profit 82,000,000 55,000,000 123,000,000 69,000,000
Net finance (expense)/income (67,000,000) (51,000,000) (117,000,000) (86,000,000)
Profit/(loss) before tax 15,000,000 4,000,000 6,000,000 (17,000,000)
Income tax (charge)/credit (10,000,000) (2,000,000) $ (6,000,000) 7,000,000
(Loss)/profit for the year 5,000,000 2,000,000   (10,000,000)
(Loss)/profit attributable to:        
Equity holders 5,000,000 $ 2,000,000   $ (10,000,000)
(Loss)/earnings per share        
Basic (loss)/earnings per share attributable to equity holders   $ (0.01) $ (0.02) $ (0.04)
Diluted (loss)/earnings per share attributable to equity holders   $ (0.01) $ (0.02) $ (0.04)
Before exceptional items        
Disclosure of reclassifications or changes in presentation [line items]        
Revenue 1,455,000,000 $ 1,259,000,000 $ 2,723,000,000 $ 2,400,000,000
Cost of sales (1,257,000,000) (1,081,000,000) (2,373,000,000) (2,091,000,000)
Gross profit 198,000,000 178,000,000 350,000,000 309,000,000
Sales, general and administration expenses (67,000,000) (76,000,000) (142,000,000) (146,000,000)
Intangible amortization (35,000,000) (37,000,000) (68,000,000) (73,000,000)
Operating profit 96,000,000 65,000,000 140,000,000 90,000,000
Net finance (expense)/income (59,000,000) (51,000,000) (115,000,000) (103,000,000)
Profit/(loss) before tax 37,000,000 14,000,000 25,000,000 (13,000,000)
Income tax (charge)/credit (11,000,000) (4,000,000) (7,000,000) 4,000,000
(Loss)/profit for the year 26,000,000 10,000,000 18,000,000 (9,000,000)
Exceptional items.        
Disclosure of reclassifications or changes in presentation [line items]        
Cost of sales (13,000,000) (9,000,000) (15,000,000) (17,000,000)
Gross profit (13,000,000) (9,000,000) (15,000,000) (17,000,000)
Sales, general and administration expenses (1,000,000) (1,000,000) (2,000,000) (4,000,000)
Operating profit (14,000,000) (10,000,000) (17,000,000) (21,000,000)
Net finance (expense)/income (8,000,000)   (2,000,000) 17,000,000
Profit/(loss) before tax (22,000,000) (10,000,000) (19,000,000) (4,000,000)
Income tax (charge)/credit 1,000,000 2,000,000 1,000,000 3,000,000
(Loss)/profit for the year $ (21,000,000) $ (8,000,000) $ (18,000,000) $ (1,000,000)