v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of cash flows [abstract]      
Operating profit/(loss) $ 1,053,806 $ (21,654) [1] $ (425,049) [1]
Adjustments for non-cash items      
Amortization of intangible assets 14,858 10,282 [1] 105,674 [1]
Depreciation of property, plant and equipment 13,244 7,245 [1] 5,633 [1]
Provisions for employee benefits 1,151 432 [1] 573 [1]
Expense recognized in respect of share-based payments 248,079 235,179 [1] 232,974 [1]
Fair value gains on financial assets at fair value through profit or loss (11,581) (3,834) [1] 0 [1]
Loss from investment in a joint venture 12,390 7,644 [1] 4,411 [1]
Other non-cash expenses/(benefit) 31,628 (277) [1] 2,074 [1]
Adjustments for non-cash items 1,363,575 235,017 [1] (73,710) [1]
Movements in current assets/liabilities      
(Increase)/decrease in trade and other receivables (802,327) (423,112) [1] (185,694) [1]
(Increase)/decrease in inventories (98,952) (95,996) [1] (83,030) [1]
(Increase)/decrease in current prepaid expenses (139,992) (54,113) [1] (58,081) [1]
(Increase)/decrease in other current assets (5,742) (2,041) [1] (943) [1]
Increase/(decrease) in trade and other payables 612,328 246,336 [1] 95,600 [1]
Movements in non-current assets/liabilities      
(Increase)/decrease in other non‑current assets 14,224 (19,930) [1] (29,416) [1]
(Increase)/decrease in non-current prepaid expense (2,167) 23,683 [1] (47,327) [1]
Net cash flows from/(used) in operating activities, before interest and taxes 940,947 (90,156) [1] (382,601) [1]
Interest paid (900) (392) [1] (211) [1]
Income taxes (paid)/received (254,855) 7,801 [1] (37,515) [1]
Net cash flows from/(used) in operating activities 685,192 (82,747) [1] (420,327) [1]
Purchase of intangible assets (105,515) (66,500) [1] (43,000) [1]
Purchase of property, plant and equipment (6,165) (1,801) [1] (812) [1]
Purchase of current financial assets (1,448,930) (2,183,542) [1] (1,271,730) [1]
Sale of current financial assets 2,388,445 1,429,600 [1] 1,543,999 [1]
Interest received 162,670 111,649 [1] 92,753 [1]
Investment in a joint venture (6,500) (7,000) [1] (13,000) [1]
Net cash flows from/(used in) investing activities 984,005 (717,594) [1] 308,210 [1]
Principal elements of lease payments (4,107) (7,638) [1] (3,801) [1]
Proceeds from issue of new shares, gross amount 0 0 [1] 1,196,731 [1]
Issue costs paid 0 0 [1] (821) [1]
Exchange (losses)/gains from currency conversion on proceeds from issue of new shares 0 0 [1] (1,507) [1]
Payment of employee withholding taxes relating to restricted stock unit awards (41,258) (21,868) [1] (12,138) [1]
Proceeds from exercise of stock options 278,375 309,265 [1] 158,263 [1]
Net cash flows from financing activities 233,010 279,759 [1] 1,336,727 [1]
Increase/(decrease) in cash and cash equivalents 1,902,207 (520,582) [1] 1,224,610 [1]
Cash and cash equivalents at the beginning of the year [1] 1,499,936 2,048,844 800,740
Exchange gains/(losses) on cash and cash equivalents 89,146 (28,326) [1] 23,494 [1]
Cash and cash equivalents at the end of the year $ 3,491,289 $ 1,499,936 [1] $ 2,048,844 [1]
[1] 1)Comparative figures have been aligned to the presentation adopted in the current year.