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INTANGIBLE ASSETS, NET | 12 Months Ended
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Dec. 31, 2025
Disclosure of detailed information about intangible assets [abstract] |
INTANGIBLE ASSETS, NET |
NOTE 7: | INTANGIBLE ASSETS, NET
|  | Software |  |  | Customer relationships |  |  | Technology |  |  | Goodwill |  |  | Total |
|  | USD thousands |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2024 |  |  | 47,388 |  |  |  | 74,039 |  |  |  | 133,749 |  |  |  | 246,352 |  |  |  | 501,528 |
Exchange rate differences |  |  | (68 | ) |  |  | (139 | ) |  |  | (380 | ) |  |  | (526 | ) |  |  | (1,113 | )
Additions |  |  | 16,218 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 16,218 |
Disposals |  |  | (3,397 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (3,397 | )
Balance as of December 31, 2024 |  |  | 60,141 |  |  |  | 73,900 |  |  |  | 133,369 |  |  |  | 245,826 |  |  |  | 513,236 |
Exchange rate differences |  |  | 141 |  |  |  | 688 |  |  |  | 882 |  |  |  | 1,806 |  |  |  | 3,517 |
Additions |  |  | 17,577 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 17,577 |
Balance as of December 31, 2025 |  |  | 77,859 |  |  |  | 74,588 |  |  |  | 134,251 |  |  |  | 247,632 |  |  |  | 534,330 |
Amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2024 |  |  | 27,583 |  |  |  | 45,120 |  |  |  | 66,825 |  |  |  | - |  |  |  | 139,528 |
Exchange rate differences |  |  | (49 | ) |  |  | (146 | ) |  |  | (214 | ) |  |  | - |  |  |  | (409 | )
Additions |  |  | 10,903 |  |  |  | 11,523 |  |  |  | 18,320 |  |  |  | - |  |  |  | 40,746 |
Disposals |  |  | (3,397 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (3,397 | )
Balance as of December 31, 2024 |  |  | 35,040 |  |  |  | 56,497 |  |  |  | 84,931 |  |  |  | - |  |  |  | 176,468 |
Exchange rate differences |  |  | 111 |  |  |  | 688 |  |  |  | 615 |  |  |  | - |  |  |  | 1,414 |
Additions |  |  | 14,595 |  |  |  | 5,102 |  |  |  | 18,375 |  |  |  | - |  |  |  | 38,072 |
Balance as of December 31, 2025 |  |  | 49,746 |  |  |  | 62,287 |  |  |  | 103,921 |  |  |  | - |  |  |  | 215,954 |
Carrying amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of December 31, 2025 |  |  | 28,113 |  |  |  | 12,301 |  |  |  | 30,330 |  |  |  | 247,632 |  |  |  | 318,376 |
As of December31, 2024 |  |  | 25,101 |  |  |  | 17,403 |  |  |  | 48,438 |  |  |  | 245,826 |  |  |  | 336,768 |
Capitalized development costs Development costs capitalized in the period amounted to USD 17,427 thousand (2024: USD 15,366 thousand) and were classified under software. Impairment testing for intangible assets The Company's qualitative assessment as of December 31, 2025, and December 31, 2024, did not indicate that it is more likely than not that the recoverable amount of its intangible assets, and other long-lived assets is less than their aggregate carrying amount. As of December 31, 2025, the estimated recoverable amount based on Company’s market value was lower than the carrying amount, and therefore the recoverable amount was estimated based on value in use and was determined by discounting the future cash flows. The estimated value in use was higher than the carrying amount of its net assets and therefore there was no need for impairment. Key assumptions used in the calculation of recoverable amounts are as of December 31, 2025: Post-tax discount rate 14% (WACC) Terminal value growth rate 3% The cash flow projections include specific estimates for 5 years and a terminal value growth rate thereafter. EBITDA growth rate is expressed as the annual growth rate in the initial 5 years of the plans used for impairment testing and has been mainly based on past experience and management expectations. As of December 31, 2024, the recoverable amount based on Company’s fair value estimated according to quoted price of the Company’s ordinary shares was higher than the carrying amount, and therefore there was no need for impairment.

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- Definition The disclosure of detailed information about intangible assets. [Refer: Intangible assets other than goodwill] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2025-01-01 -Paragraph 118 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2025-en-r&anchor=para_118&doctype=Standard -URIDate 2025-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 263 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_263&doctype=Standard -URIDate 2025-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 263 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_263&doctype=Standard -URIDate 2025-03-27 + Details
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