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Consolidated Statement of Cash Flows - EUR (€)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flow from operating activities      
Profit for the period € 65,069,000 € 11,498,000 € 35,541,000
Adjustments of non-cash items 59,000,000 31,709,000 23,959,000
Changes in working capital (32,513,000) 20,174,000 (30,451,000)
Income tax paid (1,747,000) 2,000 (13,000)
Interest received 3,292,000    
Net cash provided by operating activities 93,101,000 63,383,000 29,036,000
Cash flow from investing activities      
Cash acquired in a business combination, net   10,403,000  
Additions to property, plant and equipment (615,542,000) (66,899,000) (224,606,000)
Disposal of property, plant and equipment   1,800,000  
Additions to intangible assets (410,000) (31,000) (228,000)
Movements to right-of-use assets     (574,000)
Leasehold deposits 206,000    
Net cash used in investing activities (615,746,000) (54,727,000) (225,408,000)
Cash flow from financing activities      
Principal repayment of lease liabilities (1,961,000) (569,000) (228,000)
Interest paid (19,689,000) (7,143,000) (4,234,000)
Proceeds from issue of share capital 154,956,000   183,250,000
Transactional costs on issues of shares (3,014,000) (6,955,000) (5,174,000)
Repurchase of treasury shares (1,283,000)    
Bank charges (2,368,000)    
Proceeds from borrowing net of bank fees (of EUR 19.3 million in 2024) 365,975,000 199,935,000 113,459,000
Utilisation of overdraft facility     16,067,000
Repayment of loan (10,630,000) (115,000,000) (65,000,000)
Settlement of overdraft facility     (25,065,000)
Net cash provided by/(used in) financing activities 481,986,000 70,268,000 213,075,000
Net (decrease)/increase in cash and cash equivalents (40,659,000) 78,924,000 16,704,000
Cash and cash equivalents at beginning of the period 96,608,000 19,012,000 2,308,000
Effect of exchange rate on cash and cash equivalents 2,515,000 (1,328,000)  
Cash and cash equivalents at end of the period € 58,464,000 € 96,608,000 € 19,012,000