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Investment in associates and joint ventures (Tables)
12 Months Ended
Dec. 31, 2025
Investments accounted for using equity method [abstract]  
Summary of Investment in Associates and Joint Ventures
2025
2024
$m
$m
Cost
At 1 January
108
101
Additions
11
6
Share of profits
6
10
System Fund share of losses
(2)
(2)
Dividends and distributions
(13)
(7)
Exchange and other adjustments
2
At 31 December
112
108
Impairment
At 1 January
(57)
(53)
Impairment charge
(4)
At 31 December
(57)
(57)
Net book value
55
51
Analysed as:
Associates
39
46
Joint ventures
16
5
55
51