XML 24 R5.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Profit (loss) for the year $ 25,043 $ 35,437 $ (21,487)
Adjustments for:      
Depreciation and amortization 63,124 58,676 78,285
Net financing expense (income) (5,082) 1,965 1,699
Loss from disposals of fixed and intangible assets 0 0 2
Loss (income) on leases modification (151) 10 119
Loss and revaluation on sale of business unit 0 16 1,765
Remeasurement of net investment in a finance lease 195 1,488 0
Share-based compensation and restricted shares 18,048 11,460 19,169
Tax expense 12,216 3,095 2,503
Change in trade and other receivables 21,931 (14,458) 30,603
Change in trade and other payables (21,311) 57,671 (43,077)
Change in employee benefits (103) 63 (1)
Income taxes received 5,225 704 352
Income taxes paid (11,417) (5,512) (8,721)
Interest received 4,416 6,595 8,016
Interest paid (2,025) (6,375) (8,486)
Net cash provided by operating activities 110,109 150,835 60,741
CASH FLOWS FROM INVESTING ACTIVITIES      
Change in pledged deposits, net (276) 390 1,498
Payments on finance lease receivable 1,246 1,824 1,112
Repayment of debt investment 103 95 51
Acquisition of fixed assets (12,118) (7,742) (4,495)
Acquisition and capitalization of intangible assets (17,577) (15,779) (15,126)
Investment in shares (20,000) 0 0
Net cash used in investing activities (48,622) (21,212) (16,960)
CASH FLOWS FROM FINANCING ACTIVITIES      
Acquisition of own shares (101,702) (60,735) (9,518)
Proceeds from exercise of share options 443 1,133 233
Leases repayment (16,265) (15,142) (17,262)
Repayment of long-term debt 0 (100,000) 0
Net cash used in financing activities (117,524) (174,744) (26,547)
Net increase (decrease) in cash and cash equivalents (56,037) (45,121) 17,234
CASH AND CASH EQUIVALENTS AS OF THE BEGINNING OF YEAR 187,068 234,308 217,500
EFFECT OF EXCHANGE RATE FLUCTUATIONS ON CASH AND CASH EQUIVALENTS 2,277 (2,119) (426)
CASH AND CASH EQUIVALENTS AS OF THE END OF YEAR $ 133,308 $ 187,068 $ 234,308