v3.24.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Profit before income tax $ 178,514 $ 120,283 $ 85,500
Adjustments:      
Interest income from financial instruments (49,588) (18,114) (2,556)
Interest charges for lease liabilities 578 177 142
Other finance expense 5,623 3,851 402
Finance expense related to derivative financial instruments 28,013 17,074  
Amortization of Intangible assets 10,816 6,891 3,917
Depreciation of Property, plant and equipment and right-of-use 1,409 1,256 830
Revenue reduction related to prepaid assets   567 200
Share-based payment expense, net of forfeitures 11,922 8,684 7,590
Net exchange differences 82,620 1,877 (19)
Fair value (gain)/loss on financial assets at FVPL (78,640) 36 16
Other operating gain     (2,896)
Net Impairment (gain)/loss on financial assets 318 (42) 33
Inflation adjustment 9,041    
Adjustment for reconcile profit (loss) including profit (loss) 200,626 142,540 93,159
Changes in working capital      
Increase in Trade and other receivables (123,246) (49,438) (115,355)
(Increase) / decrease in Other assets 45,007 (56,015) 581
Increase in Trade and Other payables 194,619 130,714 134,295
(Decrease) / Increase in Tax Liabilities (10,967) (4,245) 5,309
(Decrease) / Increase in Provisions (1,111) (237) 317
Cash from operating activities 304,928 163,319 118,306
Income tax paid (11,475) (8,868) (9,820)
Net cash from operating activities 293,453 154,451 108,486
Cash flows from investing activities      
Net acquisitions of Property, plant and equipment (965) (987) (1,949)
Additions of Intangible assets (17,260) (11,365) (46,068)
Acquisitions of financial asset at FVPL (117,517)    
Net (acquisitions)/collections of financial assets at FVPL 1,487 (327) 7,520
Interest collected from financial instruments 49,588 17,649 2,556
Contingent Consideration Liability Paid   (665)  
Net cash provided by / (used in) investing activities (84,667) 4,305 (37,941)
Cash flows from financing activities      
Proceeds from issuance of shares     63,177
Proceeds from initial public offering     87,088
Repurchase of shares (97,929) (2,021)  
Initial public offering expenses paid     (638)
Share-options exercise paid 153 3,939 81
Proceeds from borrowings   14,782 5,000
Repayments of borrowings   (19,967)  
Interest payments on borrowings   (1,600)  
Interest payments on lease liability (578) (177) (142)
Principal payments on lease liability (1,103) (386) (430)
Finance expense paid related to derivative financial instruments (28,443) (19,646)  
Other finance expense paid (5,971) (2,251) (388)
Net cash (used in) / provided by financing activities (133,871) (27,327) 153,748
Net increase in cash flow 74,915 131,429 224,293
Cash and cash equivalents at the beginning of the year 468,092 336,197 111,733
Effects of exchange rate changes on cash and cash equivalents (6,847) 466 171
Cash and cash equivalents at the end of the year $ 536,160 $ 468,092 $ 336,197