
		December 31,			December 31,
		2024			2025

		(in thousands)
Accounts receivable		$	236,782		200,866
Accounts receivable from related parties			31		10
Less: Loss allowance			—		—
		$	236,813		200,876

As of December 31, 2024 and 2025, the Company measures the loss allowance for accounts receivable using the simplified approach under IFRS 9 with the lifetime expected credit losses. To measure the expected credit losses, accounts receivable have been grouped based on the days past due, as well as incorporated forward looking information, including relevant industry information. Analysis of expected credit losses which was measured based on the aforementioned method, was as follows:


		December 31, 2024
							Loss
		Carrying					allowance
		amount of			Weighted		for lifetime
		accounts			average loss		expected
		receivable			rate		credit
		(in thousands)					(in thousands)
Not past due		$	235,882		0	%	$	—
Past due within 30 days			915		0	%		—
Past due 31‑60 days			14		0	%		—
Past due 61‑90 days			—		0	%		—
Past due 91‑120 days			2		0	%		—
Past due over 121 days			—		0%-100	%		—
		$	236,813				$	—


		December 31, 2025
							Loss
		Carrying					allowance
		amount of			Weighted		for lifetime
		accounts			average loss		expected
		receivable			rate		credit
		(in thousands)					(in thousands)
Not past due		$	200,298		0	%	$	—
Past due within 30 days			508		0	%		—
Past due 31‑60 days			53		0	%		—
Past due 61‑90 days			—		0	%		—
Past due 91‑120 days			—		0	%		—
Past due over 121 days			17		0%-100	%		—
		$	200,876				$	—

There were no activities in loss allowance for the years ended December 31, 2023, 2024 and 2025, respectively.