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Loss Per Share (Basic and Diluted)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Loss Per Share (Basic and Diluted)

5. Loss per share (basic and diluted)

Basic net loss per share is computed by dividing net loss (the numerator) by the weighted average shares outstanding for the period (the denominator). Diluted net loss per share is computed by dividing net income by the weighted average shares outstanding during the period adjusted for the dilutive effects of the exercise of the stock options. In periods when losses from continuing operations are reported, the weighted-average shares outstanding excludes common share equivalents because their inclusion would be anti-dilutive. The computation of net loss per share for the three and nine months ended September 30, 2025 and 2024, respectively was as follows:

 

 

Three months ended Sept 30,

 

 

Nine months ended Sept 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

$000s

 

 

$000s

 

 

$000s

 

 

$000s

 

Net loss

 

 

(20,958

)

 

 

(35,544

)

 

 

(76,842

)

 

 

(57,611

)

Weighted-average shares outstanding (basic and diluted)

 

 

141,701,848

 

 

 

141,198,163

 

 

 

141,692,294

 

 

 

137,775,274

 

Net loss per share (basic and diluted)

 

$

(0.15

)

 

$

(0.25

)

 

$

(0.54

)

 

$

(0.42

)

 

The options outstanding at September 30, 2025 and 2024 were considered to be anti-dilutive as the Group is loss-making. These options outstanding are described in Note 10.