Capital Management (Tables)
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12 Months Ended |
Dec. 31, 2023 |
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| Disclosure Of Classes Of Share Capital [Line Items] |
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| Summary of Authorized Shares, Issued and Fully Paid-up Shares |
Authorized shares, as well as issued and fully paid-up shares, are presented below:
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2023 |
|
2022 |
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|
Amount |
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USD |
|
Amount |
|
USD |
Authorized Shares of USD 0.002 USD each |
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|
|
|
|
|
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Class A common shares |
|
1,000,000,000 |
|
2,000 |
|
1,000,000,000 |
|
2,000 |
Class B common shares |
|
250,000,000 |
|
500 |
|
250,000,000 |
|
500 |
Undesignated shares |
|
250,000,000 |
|
500 |
|
250,000,000 |
|
500 |
|
|
1,500,000,000 |
|
3,000 |
|
1,500,000,000 |
|
3,000 |
Issued and Fully Paid Up Shares of USD 0.002 each |
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|
|
|
|
|
|
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Class A Common Shares |
|
161,937,473 |
|
323 |
|
161,975,678 |
|
324 |
Class B Common Shares |
|
134,054,192 |
|
268 |
|
134,054,192 |
|
268 |
|
|
295,991,665 |
|
591 |
|
296,029,870 |
|
592 |
Share Capital evolution |
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|
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|
|
|
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Share Capital as of January 1 |
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296,029,870 |
|
592 |
|
295,028,441 |
|
590 |
i) Issue of common shares at USD 0.002 |
|
663,897 |
|
— |
|
1,136,375 |
|
2 |
ii) Warrant exercise (See note 2.11.2) |
|
6,334,134 |
|
13 |
|
— |
|
— |
iii) Repurchase of shares |
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(7,036,236) |
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(14) |
|
(134,946) |
|
— |
Share capital as of December 31 |
|
295,991,665 |
|
591 |
|
296,029,870 |
|
592 |
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
2022 |
|
Share Premium as of January 1 |
|
|
164,307 |
|
|
|
157,151 |
|
i) Issue of common shares at USD 0.002 |
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|
5,051 |
|
|
|
9,177 |
|
ii) Warrant exercise (See note 2.11.2) |
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|
1,622 |
|
|
|
— |
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iii) Repurchase of shares |
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|
(97,915 |
) |
|
|
(2,021 |
) |
Share Premium as of December 31 |
|
|
73,065 |
|
|
|
164,307 |
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| Summary of Breakdown of Capital Reserves and Movements in Reserves |
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2023 |
|
|
2022 |
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|
2021 |
|
Balances as of January 1 |
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|
16,185 |
|
|
|
12,741 |
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|
|
12,582 |
|
Share-options exercise (i) |
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(4,898 |
) |
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(5,240 |
) |
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(6,898 |
) |
Share-based payments charges (ii) |
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11,922 |
|
|
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9,580 |
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7,596 |
|
Forfeitures (ii) |
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|
— |
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|
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(896 |
) |
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|
(6 |
) |
Warrant exercise (See note 2.11.2) |
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(1,634 |
) |
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|
— |
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|
|
(533 |
) |
Balance as of December 31 |
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|
21,575 |
|
|
|
16,185 |
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|
12,741 |
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(i) During the year-ended December 31, 2023 and December 31, 2022 a total of 663,897 and 1,136,375, respectively, share-options under the share-based payments plan were exercised. Consequently, the correspondent charge to Capital reserve was recycled into the Share premium line item within equity. (ii) In the year-ended December 31, 2023, it includes the net expense related to the modification in the agreement of a former officer of the Company.
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| Summary of Breakdown of Reserves and Movements in Reserves |
The following table shows a breakdown of the Consolidated Statement of Financial Position line item ‘Other Reserves’ and the movements in these reserves during the year:
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2023 |
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2022 |
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|
2021 |
|
|
|
Cumulative Translation Adjustment |
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|
Cumulative Translation Adjustment |
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|
Cumulative Translation Adjustment |
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Balances as of January 1 |
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(1,448 |
) |
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(30 |
) |
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|
119 |
|
Movement of other reserves |
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(8,360 |
) |
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(1,418 |
) |
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|
(149 |
) |
Balance as of December 31 |
|
|
(9,808 |
) |
|
|
(1,448 |
) |
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(30 |
) |
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| Summary of the Information Used as Base for Calculating Diluted Earnings Per Share |
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2023 |
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2022 |
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|
2021 |
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Profit attributable to common shareholders (U.S. Dollars) |
|
|
148,964,000 |
|
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|
108,682,969 |
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|
77,875,575 |
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Weighted average number of common shares |
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|
291,982,305 |
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295,623,702 |
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|
287,121,304 |
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Adjustments for calculation of diluted earnings per share(1) |
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10,976,123 |
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17,514,944 |
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21,809,000 |
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Weighted average number of common shares for calculating diluted earnings per share |
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302,958,428 |
|
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313,138,646 |
|
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308,930,304 |
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Basic earnings per share |
|
|
0.51 |
|
|
|
0.37 |
|
|
|
0.27 |
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Diluted earnings per share |
|
|
0.49 |
|
|
|
0.35 |
|
|
|
0.25 |
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(1)As of December 31, 2023, reflects to the dilutive effect of i) 8,560,918 average shares related to share-based payment warrants (14,865,332 and 16,353,000, respectively for the years ended December 31, 2022 and December 31, 2021); and ii) 2,415,205 average shares related to share-based payment plans with employees (2,649,612 and 5,456,000, respectively for the years ended December 31, 2022 and December 31, 2021). As of December 31, 2023, excludes 2,619,434 potential common shares that are anti-dilutive related to granted stock options for which the exercise price is higher than the market price.
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