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v3.25.4

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands | Total | Share Capital | Share premium | Accumulated losses | Other reserves | Total | Non- controlling interests
--- | --- | --- | --- | --- | --- | --- | ---
Beginning balance at Dec. 31, 2022 | $ 174,249 | $ 235,659 | $ 1,736,469 | $ (1,960,584) | $ 163,174 | $ 174,718 | $ (469)
Increase (Decrease) In Stockholder's Equity [Roll Forward] |  |  |  |  |  |  |
Loss for the year | (104,178) |  |  | (104,155) |  | (104,155) | (23)
Other comprehensive (loss) / income | (6,667) |  |  |  | (6,648) | (6,648) | (19)
Total comprehensive loss for the period | (110,845) |  |  | (104,155) | (6,648) | (110,803) | (42)
Exercised stock options and stock units issued | 0 | 1,141 |  |  | (1,141) | 0 |
Share-based compensation (Note 17) | 5,344 |  |  |  | 5,344 | 5,344 | 0
Equity transaction costs (Note 15) | (24) |  |  | (24) |  | (24) |
Ending balance at Dec. 31, 2023 | 68,724 | 236,800 | 1,736,469 | (2,064,763) | 160,729 | 69,235 | (511)
Increase (Decrease) In Stockholder's Equity [Roll Forward] |  |  |  |  |  |  |
Loss for the year | (99,105) |  |  | (99,086) |  | (99,086) | (19)
Other comprehensive (loss) / income | 15,940 |  |  |  | 15,916 | 15,916 | 24
Total comprehensive loss for the period | (83,165) |  |  | (99,086) | 15,916 | (83,170) | 5
Capital contribution (Note 15) | 99,642 | 43,930 | 55,712 |  |  | 99,642 |
Exercised stock options and stock units issued | 0 | 2,363 |  |  | (2,363) | 0 |
Share-based compensation (Note 17) | 6,160 |  |  |  | 6,160 | 6,160 |
Equity transaction costs (Note 15) | (5,075) |  |  | (5,075) |  | (5,075) |
Ending balance at Dec. 31, 2024 | 86,286 | 283,093 | 1,792,181 | (2,168,924) | 180,442 | 86,792 | (506)
Increase (Decrease) In Stockholder's Equity [Roll Forward] |  |  |  |  |  |  |
Loss for the year | (61,540) |  |  | (61,551) |  | (61,551) | 11
Other comprehensive (loss) / income | (2,985) |  |  |  | (2,941) | (2,941) | (44)
Total comprehensive loss for the period | (64,525) |  |  | (61,551) | (2,941) | (64,492) | (33)
Exercised stock options and stock units issued | 0 | 3,063 |  |  | (3,063) | 0 |
Share-based compensation (Note 17) | 4,082 |  |  |  | 4,082 | 4,082 |
Equity transaction costs (Note 15) | (109) |  |  | (109) |  | (109) |
Ending balance at Dec. 31, 2025 | $ 25,734 | $ 286,156 | $ 1,792,181 | $ (2,230,584) | $ 178,520 | $ 26,273 | $ (539)

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