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Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES          
Loss before tax $ (2,218,871) $ (25,265,286) $ (37,678,411) $ (172,537,530) $ (49,693,594)
Adjustments for:          
Finance costs 26,173 13,363 25,472 19,028,007 7,800,597
Interest income (314,957) (951,067) (1,478,436) (872,503) (28,043)
Gain on disposal of items of property and equipment, net (2,262) (3,074) (7,068) (3,690) (4,539)
Loss on lease modifications     65,406
Depreciation of property and equipment 95,546 129,116 309,033 218,471 328,438
Depreciation of right-of-use assets 363,611 358,474 712,003 743,956 871,157
Amortization of intangible assets 164,367 1,559,899 3,021,933 6,202,250 3,589,155
Impairment of assets 91,599 4,541,074 3,105,507 1,450,781
Impairment of goodwill     4,382,926
Equity-settled share-based payment expense 745,096 1,637,724 3,179,214 6,629,044 14,430,835
Other equity-settled transactions     500,000 882,115
Share-based payment on listing     67,027,178
Gain on disposal of assets in Malaysian operations     (600,000)
Gain on derecognition of convertible loans and bridge loan     (135,031)
Changes in fair value of financial instruments (157,698) 236,547 (446,811) 57,333,432 1,101,484
Other long-term employee benefits expense (14,289) 109,702 (4,951,482)
Retirement benefits expense 31,488 20,002 79,131 56,672 75,376
Unrealised foreign exchange differences, net (3,962,673) 5,801,573 4,196,831 (895,392) 3,389,441
Provision for expected credit losses     112,122 3,757
Reversal of provision for expected credit losses     (1,558) (14,242)
Total adjustments (5,244,469) (16,371,130) (24,033,913) (13,352,697) (16,459,220)
Increase in accounts receivable (1,888,436) (206,785) 3,185,104 (7,396,057) 5,351,533
(Increase)/decrease in contract assets (5,699,216) 3,146,698 4,017,017 (4,759,157) (2,618,240)
Decrease/(increase) in prepayments, deposits and other receivables 248,256 (556,963) (5,569,341) (1,196,743) (728,924)
Increase in accounts and other payable 779,203 2,713,033 (2,340,190) 9,721,951 (98,021)
Payment for reinstatement of terminated lease     (33,977)
Cash used in operations (11,804,662) (11,275,147) (24,741,323) (17,016,680) (14,552,872)
Interest paid (26,065) (12,166) (23,700) (48,363) (42,130)
Income tax paid (25,035) (49,149) 22,338
Retirement benefits paid     (74,016) (14,402)
Net cash flows used in operating activities (11,855,762) (11,287,313) (24,888,188) (17,042,705) (14,609,404)
CASH FLOWS FROM INVESTING ACTIVITIES          
Interest received 311,260 945,168 1,467,357 859,454 15,905
Purchases of items of property and equipment (72,354) (295,267) (337,508) (117,337) (254,925)
Proceeds from disposal of items of property and equipment 2,262 3,074 7,068 6,104 9,002
Additions to other intangible assets (453,553) (712,198) (1,397,149) (2,097,621) (4,734,550)
Decrease in pledged bank deposits 887 6,365 3,409 7,138 (10,775)
Net cash flows used in investing activities (211,498) (52,858) (256,823) (1,342,262) (4,975,343)
CASH FLOWS FROM FINANCING ACTIVITIES          
Proceeds from exercise of share options 16 2,320 159
Proceeds from convertible loans     12,656,069
Proceeds from bridge loan     7,000,000
Settlement of bridge loan     (6,390,000)
Proceeds from loan notes     5,000,000 22,397,271
Proceeds from Capital Reorganization, net     91,513,464
Settlement of loan notes     (32,720,827)
Principal portion of lease payments (339,863) (363,641) (721,892) (730,908) (873,308)
Net cash flows used in financing activities (339,847) (361,321) (721,733) 63,061,729 34,790,032
NET DECREASE IN CASH AND CASH EQUIVALENTS (12,407,107) (11,701,492) (25,866,744) 44,676,762 15,205,285
Cash and cash equivalents at beginning of period 42,521,520 68,641,016 68,641,016 24,077,695 9,190,286
Effect of foreign exchange rate changes, net 58,553 (442,247) (252,752) (113,441) (317,876)
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 30,172,966 $ 56,497,277 $ 42,521,520 $ 68,641,016 $ 24,077,695