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v3.26.1

Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Shares [Member] | Accumulated Deficit [Member] | Translation Differences [Member] | Other Reserves [Member] | [1] | Non-controlling Interest [Member]
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2022 | $ 1,073,486 | $ 1,627 | $ 1,243,754 | $ 0 | $ (180,664) | $ 138 | $ 3,623 | $ 5,008
Balance (in shares) at Dec. 31, 2022 |  | 162,653,339 |  |  |  |  |  |
Changes in equity |  |  |  |  |  |  |  |
Profit for the year | 161,397 | $ 0 | 0 | 0 | 161,353 | 0 | 0 | 43
Other comprehensive income/(loss) | (380) | 0 | 0 | 0 | (494) | 63 | 0 | 52
Total comprehensive income for the period net of tax | 161,017 | 0 | 0 | 0 | 160,859 | 63 | 0 | 95
Cash dividends declared and paid | (187,262) | 0 | 0 | 0 | (186,672) | 0 | 0 | (590)
Purchase of treasury shares | $ (18,808) | $ 0 | 0 | (18,808) | 0 | 0 | 0 | 0
Purchase of treasury shares (in shares) | (2,209,927) | 0 |  |  |  |  |  |
Retirement of treasury shares | $ 0 | $ (22) | (18,786) | 18,808 | 0 | 0 | 0 | 0
Retirement of treasury shares (in shares) |  | (2,209,927) |  |  |  |  |  |
Compensation related to options and restricted stock | 3,233 | $ 6 | 3,285 | 0 | 0 | 0 | (57) | 0
Compensation related to options and restricted stock (in shares) |  | 556,130 |  |  |  |  |  |
Balance at Dec. 31, 2023 | 1,031,667 | $ 1,610 | 1,228,254 | 0 | (206,477) | 201 | 3,566 | 4,513
Balance (in shares) at Dec. 31, 2023 |  | 160,999,542 |  |  |  |  |  |
Changes in equity |  |  |  |  |  |  |  |
Profit for the year | 181,460 | $ 0 | 0 | 0 | 181,377 | 0 | 0 | 84
Other comprehensive income/(loss) | (124) | 0 | 0 | 0 | 176 | (162) | 0 | (138)
Total comprehensive income for the period net of tax | 181,336 | 0 | 0 | 0 | 181,552 | (162) | 0 | (54)
Cash dividends declared and paid | (161,396) | 0 | 0 | 0 | (161,396) | 0 | 0 | 0
Purchase of treasury shares | $ (13,196) | $ 0 | 0 | (13,196) | 0 | 0 | 0 | 0
Purchase of treasury shares (in shares) | (1,481,383) | 0 |  |  |  |  |  |
Retirement of treasury shares | $ 0 | $ (15) | (13,181) | 13,196 | 0 | 0 | 0 | 0
Retirement of treasury shares (in shares) |  | (1,481,383) |  |  |  |  |  |
Compensation related to options and restricted stock | 4,290 | $ 5 | 2,578 | 0 | 0 | 0 | 1,707 | 0
Compensation related to options and restricted stock (in shares) |  | 464,945 |  |  |  |  |  |
Balance at Dec. 31, 2024 | 1,042,701 | $ 1,600 | 1,217,651 | 0 | (186,321) | 39 | 5,273 | 4,459
Balance (in shares) at Dec. 31, 2024 |  | 159,983,104 |  |  |  |  |  |
Changes in equity |  |  |  |  |  |  |  |
Profit for the year | 210,962 | $ 0 | 0 | 0 | 211,092 | 0 | 0 | (130)
Other comprehensive income/(loss) | 258 | 0 | 0 | 0 | (225) | 303 | 0 | 179
Total comprehensive income for the period net of tax | 211,220 | 0 | 0 | 0 | 210,867 | 303 | 0 | 49
Cash dividends declared and paid | $ (118,913) | 0 | 0 | 0 | (118,913) | 0 | 0 |
Purchase of treasury shares (in shares) | 0 |  |  |  |  |  |  |
Acquisition of non-controlling interests | $ (6,131) |  |  |  | (1,849) | 156 | 0 | (4,437)
Compensation related to options and restricted stock | 4,380 | $ 8 | 6,068 | 0 | 0 | 0 | (1,697) | 0
Compensation related to options and restricted stock (in shares) |  | 816,303 |  |  |  |  |  |
Balance at Dec. 31, 2025 | $ 1,133,257 | $ 1,608 | $ 1,223,719 | $ 0 | $ (96,216) | $ 498 | $ 3,577 | $ 71
Balance (in shares) at Dec. 31, 2025 |  | 160,799,407 |  |  |  |  |  |
[1] | Other reserves are related to share-based payments.

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