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Consolidated Interim Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from (used in) operating activities    
Profit for the interim period $ 45,786 $ 63,548
Adjustments to reconcile profit to net cash from operating activities:    
Depreciation and amortization 2,290 2,891
Unrealized gain on foreign currency (130) (3,537)
Unrealized loss on foreign currency 1,721 475
Loss on valuation of financial assets 2,884 13
Interest income (7,914) (7,260)
Interest expense 913 1,168
Miscellaneous income 0 (178)
Provision for severance benefits 226 (57)
Other long-term employee benefits 604 963
Income tax expense 17,612 17,343
Working capital adjustments:    
Accounts receivable, net 617 (1,737)
Prepaid expenses, and other assets 332 366
Other non-current assets 52 (6,632)
Accounts payable and accrued expenses 1,382 (17)
Contract liabilities (155) (743)
Other current and non-current liabilities 75 (708)
Cash generated from operations 66,295 65,898
Interest received 9,888 6,941
Interest paid (118) (210)
Income taxes paid (15,285) (2,110)
Net cash inflow from operating activities  60,780 70,519
Cash flows from investing activities    
Purchase of property and equipment (119) (16)
Disposal of property and equipment 4 0
Purchase of short-term investments (164,311) (71,742)
Sales of short-term investment 146,665 66,961
Net cash (outflow) from investing activities  (17,761) (4,797)
Cash flows from financing activities    
Repayment of lease liabilities (548) (1,226)
Payment of dividends 0 (149)
Net cash (outflow) from financing activities  (548) (1,375)
Net increase in cash and cash equivalents 42,471 64,347
Effect of exchange rate changes on cash and cash equivalents 98 (2,102)
Cash and cash equivalents at beginning of the interim period 334,850 206,911
Cash and cash equivalents at end of the interim period $ 377,419 $ 269,156