| Summary of Property, Plant and Equipment |
A summary of property, plant and equipment as at December 31, 2025 and December 31, 2024 is as follows:
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Land and
buildings |
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Plant and
machinery |
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Construction
in progress |
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Total |
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Cost |
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At January 1, 2024 |
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104,749 |
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278,849 |
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217,295 |
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600,893 |
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Additions |
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4,223 |
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17,779 |
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16,044 |
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38,046 |
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Sold(1) |
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— |
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(77 |
) |
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(84,254 |
) |
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(84,331 |
) |
Disposals(2) |
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(116 |
) |
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(1,884 |
) |
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(89,584 |
) |
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(91,584 |
) |
Reclassifications |
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1,856 |
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1,834 |
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(3,690 |
) |
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— |
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Exchange differences |
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(5,901 |
) |
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(10,348 |
) |
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(1,496 |
) |
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(17,745 |
) |
At December 31, 2024 |
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104,811 |
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286,153 |
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54,315 |
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445,279 |
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Additions |
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270 |
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5,011 |
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4,437 |
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9,718 |
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Sold |
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— |
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(17,668 |
) |
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(252 |
) |
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(17,920 |
) |
Disposals |
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(6,826 |
) |
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(8,195 |
) |
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(185 |
) |
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(15,206 |
) |
Reclassifications |
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3,562 |
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27,873 |
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(31,435 |
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— |
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Exchange differences |
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11,334 |
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20,393 |
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5,535 |
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37,262 |
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At December 31, 2025 |
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113,151 |
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313,567 |
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32,415 |
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459,133 |
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Accumulated depreciation and impairment |
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At January 1, 2024 |
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(15,068 |
) |
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(72,479 |
) |
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(153,060 |
) |
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(240,607 |
) |
Depreciation charge |
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(6,206 |
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(27,822 |
) |
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— |
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(34,028 |
) |
Sold(1) |
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— |
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10 |
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80,104 |
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80,114 |
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Disposals(2) |
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49 |
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1,650 |
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75,291 |
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76,990 |
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Impairment(3) |
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(3,294 |
) |
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(14,416 |
) |
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(19,595 |
) |
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(37,305 |
) |
Exchange differences |
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1,143 |
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3,532 |
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(919 |
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3,756 |
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At December 31, 2024 |
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(23,376 |
) |
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(109,525 |
) |
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(18,179 |
) |
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(151,080 |
) |
Depreciation charge |
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(6,609 |
) |
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(26,793 |
) |
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— |
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(33,402 |
) |
Sold(4) |
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— |
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16,998 |
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|
252 |
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17,250 |
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Disposals(4) |
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6,826 |
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8,234 |
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|
174 |
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15,234 |
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Impairment |
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— |
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(469 |
) |
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— |
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(469 |
) |
Exchange differences |
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(2,880 |
) |
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(8,461 |
) |
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(637 |
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(11,978 |
) |
At December 31, 2025 |
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(26,039 |
) |
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(120,016 |
) |
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(18,390 |
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(164,445 |
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Cost, net accumulated depreciation and impairment |
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At December 31, 2024 |
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81,435 |
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176,628 |
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36,136 |
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294,199 |
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At December 31, 2025 |
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87,112 |
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193,551 |
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14,025 |
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294,688 |
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(1)Relates primarily to sold assets due to the decision to discontinue the construction of the production facilities in Peterborough, UK and Dallas-Fort Worth, Texas. (2)Relates primarily to disposal of assets due to the decision to discontinue the construction of the production facilities in Peterborough, UK and Dallas-Fort Worth, Texas. (3)Of the total $37.3 million, $19.1 million relates to impairment charges due to the closure of the production facility in Singapore, and $17.6 million relates to impairment charges due to the decision to discontinue the construction of the production facility in China (Asia III). (4)Relates primarily to sold and disposed assets due to the closure of the Group’s production facility in Singapore.
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