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v3.26.1

Consolidated statements of profit or loss and other comprehensive income - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Continuing operations |  |  |
Revenue | $ 92,390 | $ 15,936 | $ 6,155
Direct costs | (43,600) | (6,659) | (4,982)
Gross profit | 48,790 | 9,277 | 1,173
Other income and other net gains | 614 | 2,006 | 4,133
Selling and marketing expenses | (35,540) | (5,413) | (5,462)
Research and development expenses | (5,132) | (9,051) | (9,172)
Impairment of goodwill | (6,815) | 0 | 0
Administrative and other operating expenses | (46,398) | (33,090) | (29,116)
Operating loss from continuing operations | (44,481) | (36,271) | (38,444)
Fair value gain/(loss) on financial assets at fair value through profit or loss | 780 | (8,869) | (7,135)
Gain on warrant exchange | 36,657 | 0 | 0
Fair value (loss)/gain on warrant liabilities | (17,943) | 49 | 3,351
Unrealized fair value loss on digital assets | (9,725) | 0 | 0
Gain on partial disposal of an equity-accounted investee | 0 | 1,244 | 0
Share of loss of equity-accounted investees, net of tax | (1,260) | (2,010) | (670)
Other finance costs | (241) | (168) | (46)
Loss before taxation | (36,213) | (46,025) | (42,944)
Income tax (expense)/credit | (34) | 7,639 | (54)
Loss from continuing operations | (36,247) | (38,386) | (42,998)
Discontinued operations |  |  |
Loss from discontinued operations, net of tax | (3,731) | (11,420) | (21,779)
Loss for the year | (39,978) | (49,806) | (64,777)
Items that will not be reclassified subsequently to profit or loss: |  |  |
Share of other comprehensive (expense)/income of equity-accounted investees | (26) | 303 | 0
Item that may be reclassified subsequently to profit or loss: |  |  |
Exchange differences on translation of foreign operations | 716 | (1,024) | 1,795
Reclassification of cumulative translation reserve upon disposal of foreign operations | (74) | 0 | 0
Other comprehensive income/(expense) for the year | 616 | (721) | 1,795
Total comprehensive expense for the year | (39,362) | (50,527) | (62,982)
Loss attributable to: |  |  |
Equity shareholders of the Company | (37,709) | (46,304) | (62,724)
Non-controlling interests | (2,269) | (3,502) | (2,053)
Loss for the year | (39,978) | (49,806) | (64,777)
Total comprehensive expense attributable to: |  |  |
Equity shareholders of the Company | (37,159) | (46,785) | (61,112)
Non-controlling interests | (2,203) | (3,742) | (1,870)
Total comprehensive expense for the year | $ (39,362) | $ (50,527) | $ (62,982)
Loss per share |  |  |
Basic loss per share (USD per share) | $ (2.68) | $ (3.71) | $ (5.58)
Diluted loss per share (USD per share) | (2.68) | (3.71) | (5.58)
Loss per share - Continuing operations |  |  |
Basic loss per share from continuing operations (USD per share) | (2.46) | (3.14) | (3.79)
Diluted loss per share from continuing operations (USD per share) | $ (2.46) | $ (3.14) | $ (3.79)

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