v3.26.1
Provisions (Tables)
 12 Months Ended
Dec. 31, 2025
Provisions [abstract]  
Details of Provisions

As of January 1, 2024

 

 

Additions

 

Amounts used during the period

 

Reversals

 

 

OCI

 

As of December 31, 2024

 

$ in thousands

 

Retirement indemnities

 

2,200

 

 

-

 

 

243

 

 

 

-

 

 

 

(1,200

)

 

 

(129

)

 

 

1,115

 

Employee litigation and severance

 

 

242

 

 

-

 

 

-

 

 

 

(11

)

 

 

(39

)

 

 

(12

)

 

 

180

 

Commercial litigation

 

 

588

 

 

-

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(35

)

 

 

553

 

Provision for tax litigation

 

 

628

 

 

-

 

 

-

 

 

 

(615

)

 

 

-

 

 

 

(13

)

 

 

-

 

Other provision for charges

 

 

281

 

 

-

 

 

26

 

 

 

(184

)

 

 

(18

)

 

 

(10

)

 

 

95

 

Total

 

3,940

 

 

-

 

 

269

 

 

 

(810

)

 

 

(1,258

)

 

 

(199

)

 

 

1,942

 

Non-current provisions

 

 

2,200

 

 

-

 

 

243

 

 

 

-

 

 

 

(1,200

)

 

 

(129

)

 

 

1,115

 

Current provisions

 

 

1,740

 

 

-

 

 

26

 

 

 

(810

)

 

 

(57

)

 

 

(70

)

 

 

828

 

 

As of January 1, 2025

 

Additions

 

Amounts used during the period

 

Reversals

 

 

OCI

 

As of December 31, 2025

 

$ in thousands

 

Retirement indemnities

 

1,115

 

 

 

152

 

 

 

-

 

 

 

-

 

 

 

63

 

 

 

1,329

 

Employee litigation and severance

 

 

180

 

 

 

257

 

 

 

(70

)

 

 

(36

)

 

 

30

 

 

 

360

 

Commercial litigation

 

 

553

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

72

 

 

 

625

 

Other provision for charges

 

 

95

 

 

 

72

 

 

 

-

 

 

 

-

 

 

 

15

 

 

 

183

 

Total

 

1,942

 

 

 

481

 

 

 

(70

)

 

 

(36

)

 

 

180

 

 

 

2,498

 

Non-current provisions

 

 

1,115

 

 

 

152

 

 

 

-

 

 

 

-

 

 

 

63

 

 

 

1,329

 

Current provisions

 

 

828

 

 

 

330

 

 

 

(70

)

 

 

(36

)

 

 

117

 

 

 

1,169

 
Schedule of Estimation of Retirement Indemnity to Employee

As part of the estimation of our obligations, the following assumptions were used for all categories of employees:

 

 

2023

 

2024

 

2025

 

% social security contributions

 

47.13

%

 

47.13

%

 

47.13

%

Salary increases

 

2.50

%

 

2.50

%

 

2.50

%

Discount rate

 

3.53

%

 

3.44

%

 

3.81

%

Retirement age

66 years old

 

66 years old

 

66 years old

 
Summary of Net Defined Benefit Liability and Components

The following table shows reconciliation from the opening balances to the closing balances for net defined benefit liability and its components.

 

 

$ in thousands

 

As of January 1, 2023

 

(2,390

)

Current service cost

 

(237

)

Interest cost

 

(90

)

Benefit paid

 

-

 

Actuarial gains and losses

 

597

 

Reclassification/CTA

 

(80

)

As of December 31, 2023

 

(2,200

)

Current service cost

 

(167

)

Past service cost

 

1,200

 

Interest cost

 

(76

)

Benefit paid

 

-

 

Actuarial gains and losses

 

129

 

Reclassification/CTA

 

-

 

As of December 31, 2024

 

(1,115

)

Current service cost

 

(110

)

Interest cost

 

(42

)

Benefit paid

 

-

 

Actuarial gains and losses

 

86

 

Foreign exchange differences

 

(149

)

As of December 31, 2025

 

(1,329

)