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Benefit from R&D Credit
3 Months Ended
Mar. 31, 2026
Benefit from Research and Development Credit [Abstract]  
Benefit from R&D Credit

8. Benefit from R&D credit

An additional $0.7 million was recognized in respect of research and development tax credits in the three months ended March 31, 2026 (three months ended March 31, 2025: $2.7 million).

The current asset at March 31, 2026 was $22.2 million, comprised of $0.7 million in respect of research and development activities for the three months ended March 31, 2026, $7.7 million in respect of the year ended December 31, 2025, and $13.8 million in respect of the year ended December 31, 2024.