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Financial risk management objectives and policies (Tables) | 12 Months Ended
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Dec. 31, 2025
Financial risk management objectives and policies |
Summary of Interest Rate Sensitivity | ​
​ | ​ | ​
​ | ​ ​ ​ | Effect
​ |  | USD
31 December 2025 |  | ​
+/- 100 basis point increase |  | 15,455
31 December 2024 |  | ​
+/- 100 basis point increase |  | 894
31 December 2023 | ​ | ​
+/- 100 basis point increase | ​ | 12,935
Summary of Exchange Rates Applied During Period in Respect of Currencies | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Spot rate | ​ | Average rate
​ | ​ | As of 31 December | ​ | As of 31 December
​ | ​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
EGP | ​ ​ ​ | 47.52 | ​ ​ ​ | 50.77 | ​ ​ ​ | 49.24 | ​ ​ ​ | 43.94
KES |  | 128.87 |  | 129.22 |  | 129.30 |  | 134.14
EUR |  | 0.85 |  | 0.96 |  | 0.89 |  | 1.08
MYR |  | 4.05 |  | 4.47 |  | 4.28 |  | 4.61
ARS |  | 1,480 |  | 1,030.05 |  | 1,244.17 |  | 1,014.90
Summary of sensitivity analysis of strengthening weakening of the currency against USD currency would impact on financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of 31 December
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ ​ ​ | 2023
​ | ​ | USD | ​ | USD | ​ | USD
EGP to USD | ​ | 52,472 | ​ | 191,279 | ​ | 232,797
KES to USD | ​ | 47,968 | ​ | 52,186 | ​ | 43,250
EUR to USD | ​ | 223,646 | ​ | 227,204 | ​ | 241,043
MYR to USD | ​ | 1,204 | ​ | 1,269 | ​ | 1,235
ARS to USD | ​ | 49,418 | ​ | 65,688 | ​ | 101,488
Pre-tax impact | ​ | 374,709 | ​ | 537,626 | ​ | 619,813
Summary of exposure to credit risk | ​
​ | ​ | ​ | ​ | ​
​ | ​ | As of 31 December
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024
​ | ​ | USD | ​ | USD
Trade and other receivables | ​ | 6,256,738 | ​ | 4,009,282
Cash and cash equivalents |  | 4,414,456 |  | 4,958,983
​ |  | 10,671,194 |  | 8,968,265
Summary of expected credit losses | ​
(i) | Expected credit losses on trade receivables
As of 31 December 2025
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Days outstanding | ​ ​ ​ | Current | ​ ​ ​ | 0 – 30 | ​ ​ ​ | 31 – 60 | ​ ​ ​ | 61 – 90 | ​ ​ ​ | 90+ | ​ ​ ​ | Total | ​
Exposure at default |  | 1,860,201 | ​ | 845,413 | ​ | 167,551 | ​ | 70,491 | ​ | 936,198 | ​ | 3,879,853 | ​
Loss rate |  | 0.17 | % | 0.51 | % | 7.01 | % | 17.15 | % | 54.43 | % | 13.94 | %
Expected credit losses |  | 3,097 | ​ | 4,285 | ​ | 11,753 | ​ | 12,089 | ​ | 509,591 | ​ | 540,814 | ​
As of 31 December 2024
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Days outstanding | ​ ​ ​ | Current | ​ ​ ​ | 0 – 30 | ​ ​ ​ | 31 – 60 | ​ ​ ​ | 61 – 90 | ​ ​ ​ | 91 – 120 | ​ ​ ​ | 121 – 150 | ​ ​ ​ | 151 – 180 | ​ ​ ​ | 180+ | ​ ​ ​ | Total |
Exposure at default |  | 1,514,964 |  | 265,026 |  | 217,930 |  | 104,129 |  | 20,471 |  | 8,878 |  | 40,878 |  | 442,669 |  | 2,614,945 | ​
Loss rate |  | 6 | % | 11 | % | 15 | % | 18 | % | 44 | % | 48 | % | 52 | % | 100 | % | 25 | %
Expected credit losses |  | 94,851 |  | 29,454 |  | 32,637 |  | 18,959 |  | 9,061 |  | 4,278 |  | 21,062 |  | 442,669 |  | 652,971 | ​
​
- | Totals of expected credit losses as a percentage of the exposure may not tie due to percentage rounding.
- | Payment terms are typically 30-60 days.
- | Following the portfolio optimization plans (Note 30), there has been significant focus on improving liquidity through collections from corporate accounts with high outstanding receivables.
(ii) | Expected credit losses on customer wallet receivables
As of 31 December 2025 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Days outstanding | ​ ​ ​ | Current | ​ ​ ​ | 0 – 30 | ​ ​ ​ | 31 – 60 | ​ ​ ​ | 61 – 90 | ​ ​ ​ | 91 – 120 | ​ ​ ​ | 121 – 150 | ​ ​ ​ | 151+ | ​ ​ ​ | Total | ​
Exposure at default |  | 20,362 | ​ | 22,895 | ​ | 24,448 | ​ | 31,877 | ​ | 57,430 | ​ | 58,837 | ​ | 1,845,299 | ​ | 2,061,148 | ​
Loss rate |  | 2.02 | % | 2.03 | % | 6.07 | % | 10.13 | % | 14.18 | % | 18.22 | % | 83.65 | % | 76.08 | %
Expected credit losses |  | 412 | ​ | 464 | ​ | 1,485 | ​ | 3,228 | ​ | 8,141 | ​ | 10,723 | ​ | 1,543,677 | ​ | 1,568,130 | ​
​ ​ As of 31 December 2024
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Days outstanding | ​ ​ ​ | Current | ​ ​ ​ | 0 – 30 | ​ ​ ​ | 31 – 60 | ​ ​ ​ | 61 – 90 | ​ ​ ​ | 91 – 120 | ​ ​ ​ | 121 – 150 | ​ ​ ​ | 151 – 180 | ​ ​ ​ | 180+ | ​ ​ ​ | Total |
Exposure at default |  | 151,646 |  | 173,664 |  | 177,214 |  | 173,287 |  | 196,888 |  | 177,555 |  | 58,949 |  | 476,442 | ​ | 1,585,645 | ​
Loss rate |  | 9 | % | 18 | % | 27 | % | 36 | % | 45 | % | 59 | % | 77 | % | 98 | % | 54 | %
Expected credit losses |  | 13,648 |  | 31,259 |  | 47,848 |  | 62,383 |  | 88,600 |  | 103,870 |  | 45,096 |  | 468,911 | ​ | 861,615 | ​
​
- | Totals of expected credit losses as a percentage of the exposure may not tie due to percentage rounding.
Disclosure of maturity analysis for financial assets held for managing liquidity risk [text block] | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | ​ | ​ ​ ​ | Between one | ​ ​ ​ | ​ | ​ ​ ​ | ​
​ | ​ | Maturity up | ​ | and two | ​ | More than | ​ | ​
​ | ​ | to one year | ​ | years | ​ | two years | ​ | Total
​ | ​ | USD | ​ | USD | ​ | USD | ​ | USD
31 December 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accounts payable, accruals and other payables |  | 8,710,335 | ​ | 16,867 | ​ | — | ​ | 8,727,202
Lease liabilities | ​ | 479,240 | ​ | 186,839 | ​ | 815,894 | ​ | 1,481,973
Deferred purchase price |  | 694,134 | ​ | — | ​ | — | ​ | 694,134
Other tax liabilities |  | 1,640,682 | ​ | — | ​ | — | ​ | 1,640,682
Derivatives warrant liabilities |  | — | ​ | — | ​ | 400,806 | ​ | 400,806
​ |  | 11,524,391 | ​ | 203,706 | ​ | 1,216,700 | ​ | 12,944,797
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
31 December 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accounts payable, accruals and other payables |  | 9,345,716 |  | 30,850 | ​ | — |  | 9,376,566
Lease liabilities | ​ | 606,881 | ​ | 440,183 | ​ | — | ​ | 1,047,064
Deferred purchase price |  | 1,148,013 |  | — | ​ | — |  | 1,148,013
Other tax liabilities |  | 836,117 |  | — | ​ | — |  | 836,117
Derivatives warrant liabilities |  | — |  | — | ​ | 669,156 |  | 669,156
​ |  | 11,936,727 |  | 471,033 | ​ | 669,156 |  | 13,076,916

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