v3.26.1
Consolidated Statements of Changes In Equity - USD ($)
$ in Thousands
Total
Share Capital
Capital Reserve
Treasury Shares
Share-based Compensation Reserve
Foreign Exchange Translation Deficit
Hedging Reserve
Retained Earnings
Beginning balance at Dec. 31, 2022 $ 87,109 $ 0 $ 63,723 $ (348) $ 4,411 $ (7,075) $ 0 $ 26,398
Transactions with owners of the Company                
Issue of ordinary shares , net of issuance costs 10,216 0 10,216          
Treasury shares acquired (2,759)     (2,759)        
Share-based payment expense 3,124       3,124      
Exercise of options 106   201   (95)      
Share options expired 0   26   (26)      
Total transactions with owners of the Company 10,687 0 10,443 (2,759) 3,003     0
Net income (loss) 18,260             18,260
Other comprehensive income                
Exchange differences on translating foreign currencies 2,868         2,868    
Other comprehensive income (loss) for the year, net of tax 2,868              
Total comprehensive (loss) income for the year attributable to the shareholders 21,128         2,868   18,260
Ending balance at Dec. 31, 2023 118,924 0 74,166 (3,107) 7,414 (4,207) 0 44,658
Transactions with owners of the Company                
Issue of ordinary shares , net of issuance costs 696   696          
Treasury shares acquired (26,891)     (26,891)        
Share-based payment expense 4,499       4,499      
Exercise of options 1,886   2,887   (1,001)      
Exercise of warrants   84   (84)      
Share options expired 0   204   (204)      
Total transactions with owners of the Company (19,810) 0 3,871 (26,891) 3,210 0 0 0
Net income (loss) 30,679             30,679
Other comprehensive income                
Exchange differences on translating foreign currencies (6,605)         (6,605)    
Cash flow hedge - effective portion of changes in fair value (net of related tax) 0              
Hedging gains and losses transferred to profit or loss (net of related tax) 0              
Other comprehensive income (loss) for the year, net of tax (6,605)              
Total comprehensive (loss) income for the year attributable to the shareholders 24,074         (6,605)   30,679
Ending balance at Dec. 31, 2024 123,188 0 78,037 (29,998) 10,624 (10,812) 0 75,337
Transactions with owners of the Company                
Issue of ordinary shares , net of issuance costs 10,924   12,345   (1,421)      
Treasury shares acquired (5,578)     (5,578)        
Share-based payment expense 6,385       6,385      
Exercise of options 243   368   (125)      
Share options expired 0   13   (13)      
Total transactions with owners of the Company 11,974 0 12,726 (5,578) 4,826 0 0 0
Net income (loss) (32,930)             (32,930)
Other comprehensive income                
Exchange differences on translating foreign currencies 5,587         5,587    
Cash flow hedge - effective portion of changes in fair value (net of related tax) (2,010)           (2,010)  
Hedging gains and losses transferred to profit or loss (net of related tax) 2,146           2,146  
Other comprehensive income (loss) for the year, net of tax 5,723         5,587 136  
Total comprehensive (loss) income for the year attributable to the shareholders (27,207)         5,587 136 (32,930)
Ending balance at Dec. 31, 2025 $ 107,955 $ 0 $ 90,763 $ (35,576) $ 15,450 $ (5,225) $ 136 $ 42,407