XML 35 R13.htm IDEA: XBRL DOCUMENT
v3.25.4

Property and Equipment | 12 Months Ended
--- | ---
Dec. 31, 2025
Disclosure of detailed information about property, plant and equipment [abstract] |
Property and Equipment | 7 Property and Equipment Movements in the carrying amount of property and equipment were as follows:
In thousands of USD |  | Buildings |  | Technical equipment and machinery |  | Transportation equipment, office equipment and other equipment |  | Right of use assets - Office and Warehouse |  |  |  | Total
Cost |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2024 |  | 2,483 |  |  | 5,263 |  |  | 18,524 |  |  | 20,593 |  |  |  |  | 46,863 |
Additions |  | 1,081 |  |  | 1,360 |  |  | 1,293 |  |  | 11,274 |  |  |  |  | 15,008 |
Lease modifications |  | — |  |  | — |  |  | — |  |  | (6,765) |  |  |  |  | (6,765) |
Disposals |  | (1,360) |  |  | (1,846) |  |  | (5,254) |  |  | — |  |  |  |  | (8,460) |
Effect of hyperinflationary economies |  | (2) |  |  | 56 |  |  | 66 |  |  | 60 |  |  |  |  | 180 |
Effect of translation |  | (193) |  |  | (599) |  |  | (2,896) |  |  | (2,116) |  |  |  |  | (5,804) |
Balance as of December 31, 2024 |  | 2,009 |  |  | 4,234 |  |  | 11,733 |  |  | 23,046 |  |  |  |  | 41,022 |
Additions |  | 1,024 |  |  | 2,081 |  |  | 1,363 |  |  | 2,076 |  |  |  |  | 6,544 |
Lease modifications |  | — |  |  | — |  |  | — |  |  | (6,306) |  |  |  |  | (6,306) |
Disposals |  | (63) |  |  | (76) |  |  | (354) |  |  | — |  |  |  |  | (493) |
Effect of hyperinflationary economies |  | 3 |  |  | 21 |  |  | 46 |  |  | 59 |  |  |  |  | 129 |
Effect of translation |  | 280 |  |  | 616 |  |  | 1,364 |  |  | 2,155 |  |  |  |  | 4,415 |
Balance as of December 31, 2025 |  | 3,253 |  |  | 6,876 |  |  | 14,152 |  |  | 21,030 |  |  |  |  | 45,311 |
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2024 |  | (1,849) |  |  | (3,196) |  |  | (13,118) |  |  | (14,339) |  |  |  |  | (32,502) |
Depreciation charge |  | (260) |  |  | (854) |  |  | (2,158) |  |  | (4,887) |  |  |  |  | (8,159) |
Impairments |  | (17) |  |  | — |  |  | (14) |  |  | (59) |  |  |  |  | (90) |
Accumulated depreciation on disposals |  | 1,105 |  |  | 1,449 |  |  | 4,720 |  |  | — |  |  |  |  | 7,274 |
Lease modifications |  | — |  |  | — |  |  | 9 |  |  | 6,226 |  |  |  |  | 6,235 |
Effect of translation |  | 120 |  |  | 269 |  |  | 1,948 |  |  | 1,079 |  |  |  |  | 3,416 |
Balance as of December 31, 2024 |  | (901) |  |  | (2,332) |  |  | (8,613) |  |  | (11,980) |  |  |  |  | (23,826) |
Depreciation charge |  | (410) |  |  | (872) |  |  | (1,610) |  |  | (5,028) |  |  |  |  | (7,920) |
Impairments |  | 18 |  |  | — |  |  | 15 |  |  | 62 |  |  |  |  | 95 |
Accumulated depreciation on disposals |  | 37 |  |  | 71 |  |  | 252 |  |  | — |  |  |  |  | 360 |
Lease modifications |  | — |  |  | — |  |  | — |  |  | 7,556 |  |  |  |  | 7,556 |
Effect of hyperinflationary economies |  | (1) |  |  | (10) |  |  | (36) |  |  | — |  |  |  |  | (47) |
Effect of translation |  | (108) |  |  | (291) |  |  | (1,002) |  |  | (965) |  |  |  |  | (2,366) |
Balance as of December 31, 2025 |  | (1,365) |  |  | (3,434) |  |  | (10,994) |  |  | (10,355) |  |  |  |  | (26,148) |
Carrying amount as of December 31, 2024 |  | 1,108 |  |  | 1,902 |  |  | 3,120 |  |  | 11,066 |  |  |  |  | 17,196 |
Carrying amount as of December 31, 2025 |  | 1,888 |  |  | 3,442 |  |  | 3,158 |  |  | 10,675 |  |  |  |  | 19,163 |
Set out below, are the carrying amounts of the Group’s right-of-use assets and lease liabilities and the movements during the period:
In thousands of USD |  | Right of use assets |  | Lease Liabilities
As of January 1, 2024 |  | 6,254 |  |  | 6,075 |
Additions |  | 11,274 |  |  | 10,158 |
Depreciation |  | (4,887) |  |  | — |
Impairment |  | (59) |  |  | — |
Interest expense |  | — |  |  | 1,532 |
Lease modifications |  | (539) |  |  | (628) |
Effect of hyperinflationary economies |  | 60 |  |  | — |
Payments (Note 19) |  | — |  |  | (5,123) |
Effect of translation |  | (1,037) |  |  | (816) |
As of January 1, 2025 |  | 11,066 |  |  | 11,198 |
Additions |  | 2,076 |  |  | 2,062 |
Depreciation |  | (5,028) |  |  | — |
Impairment |  | 62 |  |  | — |
Interest expense |  | — |  |  | 2,781 |
Lease modifications |  | 1,250 |  |  | 1,210 |
Effect of hyperinflationary economies |  | 59 |  |  | — |
Payments (Note 19) |  | — |  |  | (6,324) |
Effect of translation |  | 1,190 |  |  | 795 |
As of December 31, 2025 |  | 10,675 |  |  | 11,722 |
During 2025, the Group’s main additions to Right of use assets include lease contracts for new warehouse facilities in Algeria, Kenya and Senegal, while Lease modifications mainly reflect the office lease renewal in Egypt. During 2024, the Group’s main additions to Right of use assets include lease contracts for new warehouse facilities in Nigeria, Egypt and Ghana. Lease modifications are mainly driven by the early termination of warehouse contracts in Egypt, Tunisia, Ivory Coast and Nigeria, and due to delays in the constructions in the main warehouse in Ivory Coast. These effects are partially offset by the renewal of the main warehouse in Uganda. The Group recognized rent expense from short-term leases of USD 918 thousand in the year ended December 31, 2025 (2024: USD 1,265 thousand and 2023: USD 2,035 thousand). The following are the amounts recognized in profit or loss:
In thousands of USD |  | 2023 |  | 2024 |  | 2025
Depreciation expense of right-of-use assets |  | (5,204) |  |  | (4,887) |  |  | (5,028) |
Interest expense on lease liabilities |  | (1,074) |  |  | (1,532) |  |  | (2,781) |
Expense relating to short-term leases |  | (2,035) |  |  | (1,265) |  |  | (918) |
Total amount recognized in profit or loss |  | (8,313) |  |  | (7,684) |  |  | (8,727) |
The Group had total cash outflows for leases of USD 6,324 thousand in 2025 (2024: USD 5,123 thousand and 2023: USD 6,279 thousand). The Group also had non-cash additions to right-of-use assets and lease liabilities of USD 2,076 thousand and USD 2,062 thousand in 2025, respectively (2024: USD 11,274 thousand and USD 10,158 thousand, respectively and 2023: USD 1,030 thousand and USD 1,057 thousand, respectively).

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for property, plant and equipment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2025-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2025-en-r&doctype=Standard&dita_xref=IAS16_g73-79_TI -URIDate 2025-03-27 + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration