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COMMON SHARES AND TREASURY SHARES (Tables)

12 Months Ended

Dec. 31, 2025

COMMON SHARES AND TREASURY SHARES

Schedule of common shares

Common shares				2025		2024		2023
		Nominal value per share (USD)		Number of shares		Number of shares		Number of shares
A-shares		0.01		101,332,707		97,814,051		86,225,684
B-shares		0.01		1		1		1
C-shares		0.01		1		1		1
Total				101,332,709		97,814,053		86,225,686

Schedule of treasury share transactions

Treasury shares		2025		2024		2023
Number of shares '000
Balance as of January 01		493.4		493.4		493.4
Cancellations		-493.4		—		—
Balance as of December 31		0.0		493.4		493.4

		2025		2024		2023
Nominal value USD '000
Balance as of January 01		4.9		4.9		4.9
Cancellations		(4.9)		—		—
Balance as of December 31		—		4.9		4.9
Treasury shares - continued		2025		2024		2023
Percentage of share capital
Balance as of January 01		0.5	%	0.6	%	0.6	%
Cancellations		(0.5)	%	—	%	—	%
Dilution due to capital increases		—		(0.1)	%	—	%
Balance as of December 31		—	%	0.5	%	0.6	%

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